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China Shudders as Aussie Coal Boycott Causes Power Shortage
December 22, 2020 02:19 PM AEDT| By Team Kalkine MediaPower outages, which were thought to be a thing of the past, have recently made a comeback, becoming the new normal in China. The residents of the Hunan and Zhejiang provinces have criticised the issue highly, with the Chinese social media platform.....
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New COVID-19 Mutation Fears Hit Crude Oil Prices Once Again
December 22, 2020 02:14 PM AEDT| By Hina ChowdharyCrude oil prices are once again witnessing some pressure over the virus fears, with Brent crude oil futures plunging over 6 per cent from USD 52.48 (intraday high on 18 December 2020) to USD 49.20 a barrel yesterday. Image Source: © Kalkine G...
After UK, New COVID-19 Strain Found in Australia, the Netherlands, and Denmark
December 22, 2020 12:54 PM AEDT| By Kunal SawhneyJust as the world celebrated the launch of new COVID-19 vaccines, a new virus mutation detected which is highly contagious. The new strain initially detected in parts of the UK, was also found in a few other nations. With the emergence of th.....
Aussie states warn Sydney residents as COVID-19 cases shoot up
December 22, 2020 12:15 PM AEDT| By Team Kalkine MediaAccording to the Australian Government’s Department of Health, a total of 28,198 COVID-19 cases have been registered in the country so far. The count includes 908 deaths, and about 135 estimated active cases as on 22 December 2020 11:55 AM AE.....
As demand soars, Bitcoin’s price reaches an all-time high
December 22, 2020 11:52 AM AEDT| By Edita Ivancevicwarn that Bitcoin’s high volatility could also take a downturn at any time. Many financial experts had predicted Bitcoin would reach its all-time high worth by the end of this year. The cryptocurrency reached a whopping US$23,770.85 earl....
Lloyds Bank Survey: UK Business Morale Jumps by Most in Over 4 Years
December 21, 2020 11:56 PM AEDT| By Kunal SawhneyThe UK, like many other nations, has underpinned the hopes on potential Covid-19 vaccines and expect them to play a vital role in helping the country come out of recession by shaping the economic recovery in the near future. FTSE 100 listed banking.....
International Flights Halted To and From UK: Full List
December 21, 2020 11:50 PM AEDT| By Hina ChowdharyWith the origination of the new strain of the Covid-19 (SARS-CoV-2) in the United Kingdom, most of the nations with scheduled departures and arrivals of the flights from the nation have cancelled the operations with immediate effect. This time the ad...
What Is Dogecoin & Why Is Elon Musk Tweeting About It?
December 21, 2020 10:43 PM AEDT| By Kunal SawhneyMeme-inspired cryptocurrency Dogecoin, or ‘Doge’, soared in the markets after Tesla (TSLA: US or NASDAQ: TSLA) CEO Elon Musk gave it shout-out while lambasting the rising bitcoin in a series of tweets. The tweets came after crypto gian.....
Lockheed Martin (NYSE: LMT) snaps a $4.4-Bn deal for Aerojet Rocketdyne
December 21, 2020 07:34 PM AEDT| By Kunal SawhneyIn a move to beef up its technological advancement in aerospace, US-based defence technology company Lockheed Martin Corporation (NYSE: LMT) is going to acquire Aerojet Rocketdyne Holdings, Inc. in an all-cash deal estimated at around $4.4 billion......
Voting today on the US Congress $900 billion package deal
December 21, 2020 07:22 PM AEDT| By Hina ChowdharyThe congress leaders agreed upon a Covid-19 aid package deal yesterday to fight with the surging coronavirus cases in the US. Votes are likely to take place today. The $900 billion (£660 billion) aid is the second largest economic stimulus in.....
As 2020 Nears An End, What Are Emerging Signs Of Economic Recovery In Australia?
December 21, 2020 06:33 PM AEDT| By Kunal SawhneyThe Australian economy has been on its recovery path since the September 2020 quarter. Notably, statistics continue to improve with time. Current statistical releases by the ABS reveal figures that were far better than expectations, making the case.....
Amazon asks CDC for early COVID-19 vaccination of its essential workers
December 21, 2020 06:04 PM AEDT| By Edita Ivancevicroposal gets accepted, all workers should receive their jabs in Phase 2a. Amazon is trying to persuade the Centre for Disease Control and Prevention (CDC) to give all Amazon essential workers early access to the coronavirus vaccine. In a letter...
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Electricity Price set to fall says AEMC
December 21, 2020 04:39 PM AEDT| By Kunal SawhneyThanks to the penetration of solar rooftop panels and its integration into the national grid system, the average household electricity bills are estimated to decline going forward. Apart from better integration and accessibility provided by renewable...
The Roku-WarnerMedia deal: What’s in store for Americans
December 21, 2020 04:18 PM AEDT| By Edita Ivancevicst subscriptions for HBO Max, which currently has around 12.7 million subscribers. The streaming service HBO Max is finally available on the Roku (NASDAQ: ROKU) devices. The breakthrough joint-service started on 17 December. WarnerMedia, the co...
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US Congress Strikes USD 900 Billion Stimulus Deal for Coronavirus
December 21, 2020 04:09 PM AEDT| By Team Kalkine MediaThe relentless coronavirus pandemic has forced the US Congress to provide further stimulus to the ailing economy. After marathon negotiations, the stimulus deal finally saw the light of day on Sunday, 20 December 2020, when the US lawmakers agreed .....
Australia, New Zealand Travel Bubble Arrangement Comes Under Doubt
December 21, 2020 03:44 PM AEDT| By Kunal SawhneyThe recent travel bubble arrangement between Australia and New Zealand might not materialise due to recently found coronavirus clusters in Sydney. In view of recent surge in the coronavirus cases in Sydney’s northern beaches and a new strain.....
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Before his White House departure, Trump has a spree of mining, energy project approvals
December 21, 2020 03:25 PM AEDT| By Hina ChowdharyAs per media reports, the United States President Donald Trump is rushing to flag off a final wave of major mining and energy projects on the federal lands. This comes ahead of him leaving the White House. Many requests across the United States are...
COVID-19 impact: Passenger vehicle use plummets, road freight grows
December 21, 2020 02:33 PM AEDT| By Hina ChowdharyAustralia saw a sharp fall in the usage of passenger vehicles in 2020, courtesy coronavirus pandemic and natural disasters such as floods, bushfires, among others. The average distance travelled by passenger vehicles in Australia declined to 11,100.....
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Ambiguity looms over fate of 1000 workers and local ecosystem on Tiwai Point closure
December 21, 2020 02:09 PM AEDT| By Team Kalkine MediaAs per the latest reports, there is no solution in sight for the future of 1000 workers and local communities, as no decision has been reached yet on Tiwai Point smelter closure. Despite efforts being made by the government to keep the smelter fun.....
What’s Facebook & Apple’s latest feud all about?
December 21, 2020 01:18 PM AEDT| By Edita Ivancevicll hurt small and middle-sized businesses that largely depend on personalised ads. Public disputes between tech giants Apple (NASDAQ:AAPL) and Facebook (NYSE:FB) are no secret, but tensions in recent days have escalated over new privacy policies...
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