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Hyundai Mipo Dockyard chosen for building two state-of-the-art ferries for KiwiRail
December 27, 2020 12:25 AM AEDT| By Hina ChowdharyIn a major development, the state-owned KiwiRail has zeroed down on Hyundai Mipo Dockyard (domiciled in South Korea) for building its two Interislander ferries. As a part of its turnaround plan of becoming a long-term viable transporter, KiwiRail .....
Deferred Mortgages a cause of worry in NZ as arrears mount
December 27, 2020 12:18 AM AEDT| By Kunal SawhneyMortgage arrears have been on a rise in NZ as thousands of Kiwis are running behind on mortgage payments. This trend is a result of the fact that the Reserve Bank of New Zealand allowed retail banks to defer mortgage payments for customers, who wer.....
Australian government throws its weight behind the mining industry
December 26, 2020 12:59 AM AEDT| By Hina ChowdharyThe Australian government has taken a series of steps to reinvigorate the mining industry from the abyss of pandemic-induced downturn. Overall, there are more than 106 mining projects in advance stages of development within Australia and have.....
Australian coal, iron ore on the cusp of a robust momentous 2020-21
December 26, 2020 12:45 AM AEDT| By Kunal SawhneyAnnual resource and energy exports will grow to $279 billion in 2020-21 and $264 billion in 2021-22, as per the Australian Resources and Energy for December quarter. The Australian mining sector contributes around 10 percent of the country's GDP an.....
With an eye on clean environment, NZ aims to go green by 2025
December 26, 2020 12:13 AM AEDT| By Kunal SawhneyJacinda Ardern, Prime Minister of NZ, called climate change as among the most significant challenges faced by the country. She declared a climate change emergency earlier this month and promised to be a carbon-neutral government by 2025. The step rec...
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...
Tier update: List of Areas in England Moving to Higher Tiers from 26 December (Boxing Day)
December 25, 2020 07:39 AM AEDT| By Team Kalkine MediaThe unending worries around the coronavirus cases in England have soared to a new level, that too around the festivities of Christmas and Boxing Day when people are highly eager to travel and meet their relatives than any other time of the .....
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.....
UK and EU to Announce A Trade Deal on Christmas Eve
December 24, 2020 06:52 PM AEDT| By Kunal SawhneyThe UK and EU seem to have reached a suitable Brexit trade and security deal. It was reported that UK PM Boris Johnson held a late-night conference call with his Cabinet and senior ministers on the new Brexit deal. EU negotiators in Brussels have a.....
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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. .....
Alliance Group joins the wage subsidy repayment list
December 24, 2020 04:48 PM AEDT| By Team Kalkine MediaAlliance Group has announced to repay $34 million from the wage subsidy declared by the NZ government in early 2020. Alliance Group Limited is a prominent food business operated by professional and dedicated Kiwi farmers who grow natural lamb, bee.....
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.....
Canada’s Real GDP Rises 0.4% In October
December 24, 2020 03:07 AM AEDT| By Hina ChowdharyCanada’s real gross domestic product (GDP) marginally improved for the sixth month in a row. It was up by 0.4 per cent in October, following a 0.8 per cent rise in September, as per the Statistics Canada report released on Wednesday. The...
Hopes of Post-Brexit Trade Deal Are Rising: UK Cabinet Minister
December 24, 2020 02:30 AM AEDT| By Kunal SawhneyThe UK government is keen on negotiating with the European Union for a free trade agreement and simultaneously has been managing the severe Covid-19 pandemic which has severely disrupted the economy. The Brexit deal has taken a backseat due to the.....
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).....
NHS asks Johnson to extend the Brexit transition period
December 23, 2020 10:27 PM AEDT| By Team Kalkine MediaThe National Health Service has requested the prime minister Boris Johnson to extend the Brexit transition period by 30 days. The health body feared that a no-deal situation could risk the patient health during the coronavirus crisis. The B.....
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