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New Zealand extends visas to meet manpower requirements
December 21, 2020 01:14 PM AEDT| By Team Kalkine MediaNZ Government has announced an extension to Working Holiday visas and Employer-assisted working visas, which comes as a breather for the hospitality industry. Coronavirus-induced border closures hit the hospitality sector hard, resulting in t.....
Alarm Bells in the UK Over new COVID-19 Virus Mutation
December 21, 2020 12:48 PM AEDT| By Hina ChowdharyViruses show mutation regularly, and researchers have found multiple mutations among different samples of the novel coronavirus, the virus that causes COVID-19. Some of the mutants do not have any effect on the spreads of virus or severity of sympt.....
Copper Tops USD 8,000, Commodity Supercycle at Play?
December 21, 2020 12:23 PM AEDT| By Kunal SawhneyAt present, many analysts believe that a copper supercycle is underway and the same has resulted in copper prices hitting a record high. So, what is a commodity supercycle? Image Source: Megapixl Supercycle is defined as a wave degree under the...
How COVID-19 Pandemic May Alter The Way Canadian Cities Functions
December 20, 2020 05:51 PM AEDT| By Team Kalkine MediaThe COVID-19 pandemic has kinked the way our normal lives function. People around the world went from going to work to working from home, shopping online and relying on a homebody economy to maintain the social distancing protocols. While so.....
Brexit talks enter the penultimate fortnight period, fishing rights still the key issue
December 20, 2020 05:54 AM AEDT| By Kunal SawhneyNegotiations between the UK and the EU have entered the final phase to clinch a favourable post-Brexit trade deal before 31 December, where fishing rights in British waters for EU members remains the most important issue. UK Prime Minister .....
British public spend on furlough rises to £46.4 billion
December 20, 2020 05:51 AM AEDT| By Hina ChowdharyRecent government data has revealed that the British public spending on furloughing private sector employees reached a total value of £46.4 billion ($63.0 billion) on 13 December, up from £43.0 billion in the previous month. The scheme.....
Cyberpunk 2077 removed from Sony’s PlayStation Store, online buyers offered refunds
December 20, 2020 12:29 AM AEDT| By Kunal SawhneySony Interactive Entertainment (SIE) has removed the much-anticipated Cyberpunk 2077 game from the PlayStation Store. The company is now offering refunds to the customers who had purchased the game through its online stores. It happened just a week.....
Microsoft’s plan of in-house chip deals a heavy blow on Intel’s stock
December 20, 2020 12:26 AM AEDT| By Hina ChowdharyThe shares of Intel dropped significantly over 6% by the market close on 18 December 2020. The technology industry and stock market participants have been recently showing concerns over Intel’s future revenue prospects as Microsoft plans...
NZ online shopping on a record high, would the uptrend continue?
December 20, 2020 12:16 AM AEDT| By Hina ChowdharyWith the COVID-19 crisis engulfing the entire world, people have moved towards different ways of shopping that do not require them to leave the safety of their homes. Whilst New Zealand is one of the countries that has shown fastest recovery rate .....
Did the COVID-19 wage subsidy fail to fulfil its desired purpose?
December 19, 2020 05:06 PM AEDT| By Team Kalkine MediaNearly $14 billion was paid out under NZ’s wage subsidy scheme that supported millions of jobs around the country during lockdown when businesses had to shut down. However, the wage subsidy costs were the single largest line item in term...
FDA greenlights Moderna’s COVID-19 vaccine
December 19, 2020 04:22 PM AEDT| By Hina ChowdharyFor a world striving to emerge out of COVID-19 gloom, the light at the end of the tunnel just got brighter. Adding to the hope for the future, another vaccine to prevent the coronavirus has got the green light to hit the sales counters. Just a wee.....
Tesla Share Price at Record high, EV Leader Enters S&P 500 with a bang
December 19, 2020 03:11 PM AEDT| By Hina ChowdharyTesla is breaking all records with the stock contouring another record high of USD 695.00 a share yesterday. The EV giant is now all set to see its inclusion in America’s benchmark S&P 500 stock index on Monday, i.e., 21 December 2020. I...
US banks can now buy back shares post green signal from Fed
December 19, 2020 02:26 PM AEDT| By Hina ChowdharyShare repurchases or share buybacks are heavily preferred by US companies as a part of shareholder returns. Federal Reserve has given a green signal on share repurchases by US bank for the first quarter of 2021. The decision comes after the late.....
COVID-19 blues hit Coca Cola, thousands to lose jobs
December 19, 2020 02:23 PM AEDT| By Kunal SawhneyCoca Cola has sprung to limelight after announcing its plan to lay off 2,200 workers around the globe. The Company had to take this step as a part of its restructuring plan, which was necessitated because of unpalatable COVID-19 repercussions. In .....
Alliance Aviation (ASX:AQZ) Expands Fleet With 16 Additional Embraer E190
December 19, 2020 02:13 PM AEDT| By Team Kalkine MediaAlliance Aviation Services Limited (ASX:AQZ) and Jetran LLC, of the United States have sealed a deal, marking the expansion of the AQZ fleet. Under the deal, Alliance Aviation is acquiring one spare General Electric CF34 engine and 16...
Crude at Crossroads After Surpassing USD 50 Hurdle
December 19, 2020 02:09 PM AEDT| By Team Kalkine MediaCrude oil price rally has stalled post surpassing the 9-month high with the Brent crude oil futures reaching a high of USD 51.90 per barrel (intraday high on 17 December 2020). The market seems to have backed in the positive news on COVID-19 vaccine....
FCA Calls on Investors to Pull Out Their Money from Unregistered Crypto Asset Firms
December 19, 2020 09:09 AM AEDT| By Kunal SawhneyBritish financial regulator Financial Conduct Authority (FCA) is expected to go hard on unregistered crypto-asset firms. The FCA has urged the investors to pull out their investments from unregistered firms at the earliest. The FCA on Wednesday sa.....
Canada’s Retail Sales Rise For 6th Month In Row, Up 0.4% In October
December 19, 2020 03:49 AM AEDT| By Kunal SawhneyCanada’s retail sales surged for the sixth month in a row in October, up by 0.4 per cent to C$ 54.6 billion, reported Statistics Canada on Friday, December 18. The sales growth, the report noted, was driven by motor vehicle and parts dealers......
UK Retail Sales Decline by 3.8 Per Cent in November Due to Lockdown, Restrictions
December 19, 2020 01:09 AM AEDT| By Hina ChowdharyThe UK’s retail sales plunged by 3.8 per cent in November in comparison with October as several stores remain closed due to the second lockdown and restrictions imposed due to the surge in coronavirus cases. The Office for National Statistic.....
UK consumer confidence jumps with the Covid-19 vaccination program
December 18, 2020 10:18 PM AEDT| By Kunal SawhneyConsumer confidence in the UK has increased modestly in December as the economic situation looks progressive on the back of the start of the Covid-19 vaccination programme in the country. The Consumer Confidence Barometer rose by seven poin.....
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