News

New Zealand’s Business Finance Guarantee Scheme nears its close

Summary The Business Finance Guarantee Scheme (BFGS) will conclude on 30 June 2021. The scheme was formed to help SMEs to access credit. The New...

COVID-19: The two months that took away 135K Indian lives

Summary India reports the lowest caseload in 73 days. Deaths continue unabated. Of every three global COVID-19 deaths reported last week, one was...

Why are iron ore prices volatile of late?

Iron ore prices have been on a dramatic journey starting the second half of the last year. The prices reached a record high of US$237.57 per tonne on...

Musk’s tweet sways cryptocurrencies again, Bitcoin leaps 10%

The prices of various cryptocurrencies went soaring after a tweet from billionaire CEO of Tesla Inc (NYSE:TSLA)– Elon Musk. Overnight, Mr Musk...

Breathonix’s COVID-19 breath test obtains conditional approval in Si...

Summary Singapore health authority has given provisional approval for the COVID-19 breath test developed by Breathonix. The COVID-19 breathalyzer...

US Markets Close Higher As Tech, Cyclical Stocks Shine

All benchmark US indices closed higher on Monday, May 24, lifted by technology and cyclical stocks as investors kept their inflation worries aside to...

The business of podcasting: How do podcasters rake in revenue?

Summary Podcasting is the fastest growing medium in the world, but it hasn’t yet realised its monetary potential. A meagre one per cent of p...

Cryptocurrencies Across the World Experience a Free-Fall over the We...

The global cryptocurrency market has suffered considerable losses in the past 24 hours as several of the most prominent digital currencies struggle to...

COVID-19 Vaccines’ Global Roll-Out A Tough Nut to Crack

Summary Vaccine roll-out across the world facing a lot of challenges. Different countries facing vaccine shortage. AstraZeneca’s side effec...

New Zealand’s Retail spending grows 2.5% in Q1 2021

Summary The total retail sales volumes (seasonally adjusted) in New Zealand rose 2.5% on quarter in March 2021. Higher retail expenditure on elect...

How can a shift in clean energy initiatives spark job creation in Au...

Summary Australia has been observing significant progress in renewable energy resources. The transition to renewables will create jobs in the loca...

Virgin Galactic Completes Third Spaceflight

Summary VSS Unity reached space at an altitude of 55.45 miles before gliding back. The flight marks the company’s third spaceflight and the...

How protective are COVID-19 vaccines against new variants?

Summary A study by Public Health England says two doses of Pfizer-BioNTech and AstraZeneca vaccines are effective against the B.1.617.2 variant. B...

IMF Estimates US$50B Cost To End Pandemic In 2022

A probable end to the COVID-19 pandemic could cost US$50 billion, according to the latest report by the International Monetary Fund. The internationa...

Carbon Prices at an All-Time High; What’s Ahead?

Summary The prices of carbon have touched an all-time high during this week. The trend is expected to continue, on the back of implementation of m...

“Pied Piper”: the curious case of Elon Musk

Billionaire Elon Musk, the CEO of Tesla Inc (NYSE:TSLA), has a habit of staying in headlines – from his off-the-cuff tweets to ideas that seem i...

Volatility on rise; markets gripped with fear

The volatility in Wall Street has shown a massive spike in the past one month, while the fear has been visible – a trend which may lead to furth...

US Proposes 15% Tax On Global Corporate Profits

Summary Treasury Department eyes 15% minimum corporate tax on overseas profits of US companies. OECD estimates that countries lose US$240 bill...

US Markets End Mixed As Stocks Retreat

The S&P 500 and the tech-heavy NASDAQ Composite Index closed lower, while the Dow Jones Industrial Average saw muted gains on Friday, May 21, as i...

Budget 2021 Aims At Greenhouse Gas Emissions; A glance At 5 NZX Ener...

Summary The New Zealand government has set out new funds and policies in budget 2021 to reduce the country’s GHG emissions. Budget has revea...