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Apple autonomous car to be a reality by 2024?
December 26, 2020 12:04 AM AEDT| By Team Kalkine MediaTechnology giant Apple Inc is thinking of adding its own lustre to an already illustrious electric vehicle market. If reports are to be believed, Apple is planning to launch a passenger vehicle in 2024. The tech behemoth has set its eyes on building...
New Zealand’s small wineries bearing the brunt of border closures
December 25, 2020 12:05 AM AEDT| By Kunal SawhneyWorldwide, the tourism and hospitality sector has seen a downfall in the year 2020, with the lockdown and border restrictions caused by the pandemic. Almost each sector of the hospitality industry has suffered immensely due to the pandemic an.....
Alibaba’s Shares Drop as Chinese Regulators Launch Investigation into Its Market Practices
December 24, 2020 09:45 PM AEDT| By Kunal SawhneyChina’s market regulator State Administration for Market Regulation (SAMR) said that they have rolled out an antitrust investigation into the e-commerce giant Alibaba Group Holding Ltd for its trade practice. Reports said that Alibaba has bee.....
Anheuser-Busch InBev SA/NV enters a strategic partnership with Apollo-Led Consortium
December 24, 2020 07:19 PM AEDT| By Hina ChowdharyLeading global alternative investment manager with assets under management of approximately $433 billion Apollo Global Management Inc (NYSE: APO) and a group of institutional investors have made a strategic decision to acquire a 49.9 per cent stake.....
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Why did China start investigating into Alibaba on monopolistic behaviour?
December 24, 2020 05:52 PM AEDT| By Hina ChowdharyChinese regulators have launched an antitrust investigation into Alibaba Group and will meet Ant Group, the tech giant affiliate, in the upcoming period. Alibaba Group is the largest e-commerce player across the globe by total sales volume. .....
Boxing Day sales to kickstart earlier through online platforms
December 24, 2020 03:51 PM AEDT| By Team Kalkine MediaBoxing Day sales are set to start much earlier than scheduled, this year. Traditionally, as the name suggests Boxing Day sales starts on December 26th, but this year most stores have kickstarted the sales early. Source: Shutterstock Biggest sal.....
Google Partners with Aramco to Tap Saudi Cloud Market
December 24, 2020 01:43 PM AEDT| By Hina ChowdharyGoogle and Saudi Aramco have joined hands to add the Kingdom to the global network of Google Cloud Platform. Under the deal, the technology giant would start selling its cloud computing services to the Saudi market through state-owned oil behemoth Ar...
Ardern asked to tighten her belt amid new COVID-19 strain?
December 24, 2020 01:39 PM AEDT| By Team Kalkine MediaThere have been increasing worries about a new strain of coronavirus in the UK, which is believed to be about 70% more transferrable. The strain is suspected of having either occurred in a patient in the UK or has been introduced from a country wi.....
Did Apple Missed the Fortune by Refusing To Meet Musk When He Wanted To Sell Tesla (NASDAQ: TSLA)?
December 23, 2020 10:41 PM AEDT| By Kunal SawhneyIt was the darkest days for Elon Musk, and he had no options but to sell his company. But he could not as Apple Inc CEO didn’t have the time. Musk, the CEO of California-based electric vehicle and clean energy company Tesla Inc (NASDAQ: TSLA).....
SoftBank Group floats blank check company for special acquisition
December 23, 2020 08:47 PM AEDT| By Kunal SawhneySoftBank Group Corporation has recently filed an application to float a blank check company with which it is expecting to raise an amount equivalent to $525 million. The fundraising via the blank check company may rise to $603 million if the underw.....
Trump calls the ‘Covid stimulus package’ a disgrace, threatens not to sign it
December 23, 2020 05:45 PM AEDT| By Team Kalkine MediaThe US President Donald Trump rejected the $900 billion coronavirus support package which was approved by a majority by leaders of both chambers of Congress. The aid includes desperately needed funds for the US citizens, but Trump wants the size of.....
Apple on the road? Tech giant eyes car production by 2024
December 23, 2020 01:43 PM AEDT| By Edita Ivancevicby anonymous Apple employees, as Apple refused to comment on future arrangements. Tech behemoth Apple Inc. is now planning to sink its teeth into car production. The firm aims to dabble in self-driving car technology and develop a passenger veh....
OurCrowd-BNZ partnership to boost prospects for NZ startups
December 23, 2020 01:19 PM AEDT| By Team Kalkine MediaOurCrowd, a global venture investing platform and the most active venture investor in Israel, and Bank of New Zealand (BNZ) entered into a partnership on 22 December. The collaboration will open the doors of OurCrowd's venture funds, companies, and.....
US Congress Brings in Tighter Rules for Approving Jetliner Designs
December 22, 2020 07:22 PM AEDT| By Kunal SawhneyThe US Congress, in its year-end federal omnibus spending bill has incorporated significantly tighter rules for accepting jetliner designs after two fatal Boeing 737 MAX jet crashes in 2018 and 2019. The bill is expected to transform the way the Fe.....
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Fresh strain of virus cases in the UK leaves New Zealand worried
December 22, 2020 06:43 PM AEDT| By Team Kalkine MediaWith COVID-19 creating havoc in 2020, people were looking ahead to find some respite from it in the upcoming period. However, with new variation of the virus being found in the United Kingdom, it seems to be far-fetched. Image Source: Shuttersto.....
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The Pfizer-Biontech Vaccine Gets EU Regulator’s Approval
December 22, 2020 06:04 PM AEDT| By Team Kalkine MediaThe coronavirus vaccine developed by Pfizer-BioNTech, which has already received regulatory authorisation for emergency use in at least 15 countries, including in Britain, Canada, and the United States, has been given conditional approval by the Eu.....
Is Coronavirus Mutation Slower than Seasonal Influenza?
December 22, 2020 05:06 PM AEDT| By Kunal SawhneyUK officials have observed a new mutation of the coronavirus that is spreading rapidly and highlight that it is highly transmissible. Several countries across the globe are imposing lockdown and travel restriction to avoid the spread of the new, co.....
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Australian watchdog ACCC snubs Google’s undertaking over Fitbit deal
December 22, 2020 04:24 PM AEDT| By Hina ChowdharyTechnology giants’ tussle with the Australian Competition and Consumer Commission (ACCC) continues as the regulator today announced that it had decided to reject Google’s undertaking proposal regarding Fitbit deal. The undertaking was is...
Meridian’s activities resulted in a spike in electricity prices: Electricity Authority
December 22, 2020 04:17 PM AEDT| By Team Kalkine MediaA finding made by the Electricity Authority revealed that an undesirable trading situation (UTS) caused power prices to shoot up and extra fossil fuels to be burnt. In December last year, UTS happened for 3 weeks when Meridian Energy Limited (NZX: ME...
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NZX confesses cybersecurity was not up to par before the attacks
December 22, 2020 03:46 PM AEDT| By Team Kalkine MediaThe New Zealand Stock Exchange (NZX), recently, admitted that its cyber security standards may not have been up to the mark in the recent past as several new cases of cyber-attacks have made way. Image source: Shutterstock ODESC to.....
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