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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.....
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Ahead of Brexit, Canada & UK Agree To Temporary Trade Deal
December 23, 2020 07:21 PM AEDT| By Team Kalkine MediaAhead of the impending Brexit, Canada and the United Kingdom have agreed not to raise trade tariffs. The two nations will continue trade under current Canada-European Union Comprehensive Economic and Trade Agreement (CETA) terms, till the new Canad.....
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.....
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Residential property market sees a significant surge in New Zealand
December 23, 2020 04:46 PM AEDT| By Team Kalkine MediaKiwis have rerouted their funds into buying property, which they, otherwise, would have spent on overseas travel. The annual review of the Real Estate Institute of New Zealand (REINZ) showed that Kiwis spent about $12 billion more on buying houses i...
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Ingenia (ASX:INA) Acquires Beachfront Holiday Park on NSW South Coast
December 23, 2020 01:50 PM AEDT| By Team Kalkine MediaIngenia Communities Group (ASX:INA) has further extended its holidays footprint on the South Coast, New South Wales. It has entered an unconditional deal to acquire a large and established holiday park, Merry Beach Caravan Park in Kioloa. The .....
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.....
Canada's Employment Rose At Slower Rate in October, Earnings Up 6% YoY
December 23, 2020 03:33 AM AEDT| By Team Kalkine MediaAfter a surge of 2.2 per cent in September, Canada noted a 1.2 per cent month-over-month growth in its payroll employment in October, Statistics Canada said on Tuesday, December 22. The national data agency quoted the results from October&r.....
Deutsche Post DHL Stops Deliveries to The UK and Ireland
December 22, 2020 08:30 PM AEDT| By Hina ChowdharyGermany-based world’s largest logistics firm Deutsche Post DHL has ceased the deliveries in and out of Ireland after the flights and freight were suspended due to fears of the new coronavirus strain. Amid the growing fears of the virus sprea.....
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Ontario To Go Under Lockdown from Boxing Day: What Happens To Businesses?
December 22, 2020 07:50 PM AEDT| By Team Kalkine MediaAfter Canada wraps up Christmas celebrations, Ontario will be going under complete lockdown from Boxing Day (December 28) onwards in an attempt to pull the reigns on the rapid spread of COVID-19. The northern part of the province will reportedly re.....
New Covid strain: UK economy to slow down further
December 22, 2020 07:25 PM AEDT| By Team Kalkine MediaTighter restrictions at various places in the country for a longer period to contain the spread of the new virus strain would imply that the prospects for the UK economy in the next year are bleaker than earlier estimated. The deteriorating.....
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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Iron ore jolts another record high, is there more steam left in the rally?
December 22, 2020 04:37 PM AEDT| By Team Kalkine MediaIron ore prices are once again capturing the attention as the prices spike to another record high over supply concerns and robust demand from China. The commodity clinched RMB 1,194.00 per dry metric tonne on the Dalian Commodity Exchange (DCE) on 21...
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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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Allergic Reactions to Pfizer’s COVID-19 Vaccine Under FDA Scanner
December 22, 2020 02:48 PM AEDT| By Hina ChowdharyThe US Food and Drug Administration (FDA) has initiated an investigation into the allergic reactions caused by Pfizer-BioNTech COVID-19 vaccination. The probe comes after people in various US states reported allergic reactions to the vaccine. Im.....
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