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What is Facebook’s Diem and will it ever see the light of day?
December 14, 2020 07:31 PM AEDT| By Edita Ivancevicis still unknown, and some professionals think Diem may never become a real thing. What was once known as Libra has changed its name to Diem. It is a digital cryptocurrency accessible via American social media conglomerate corporation Facebook....
Oil prices jump with hope of rising demand
December 14, 2020 07:25 PM AEDT| By Hina ChowdharyBrent crude crossed $50 a barrel last week for the first time since March this year, signalling hopes of the long-awaited rise in oil demand. The global oil industry faced a deep slump for months after the outburst of the pandemic. Demand .....
Blackstone Real Estate, Soilbuild Group Chairman to Privatise Soilbuild Reit
December 14, 2020 07:16 PM AEDT| By Kunal SawhneySingapore-based property company Solidbuild Group Holdings Limited’s executive chairman and co-founder Lim Chap Huat has teamed up with Blackstone Real Estate in a bid to privatise and delist Soilbuild Business Space REIT (SB REIT) at $0.55 i.....
Elliott reportedly buys stake in Public Storage (NYSE: PSA)
December 14, 2020 06:38 PM AEDT| By Team Kalkine MediaNew York-based investment management company Elliott Management Corporation has reportedly bought a stake in the California-headquartered self-storage firm Public Storage (NYSE: PSA). In recent weeks, Public Storage and Elliott Associates have had .....
Noose Tightens around carbon-intensive companies, Blackrock Flags ESG Warning for Corporates
December 14, 2020 01:24 PM AEDT| By Team Kalkine MediaThe climate change and its impact are accelerating at an unprecedented pace, and so is the pressure on corporates from investors to incorporate ESG considerations in long-term planning. The evidence of the same could be gathered by inferring to multi...
NZX regular trading on Monday morning postponed due to connectivity issues
December 14, 2020 01:01 PM AEDT| By Team Kalkine MediaOn 14 December, NZX postponed the opening of the share market until 11:30 am due to technical glitches and issues on the interface between its clearing and settlement and trading systems. The stock market operator declared that the main Board and .....
Is Australian Automotive Industry Coming Back on Track?
December 14, 2020 11:52 AM AEDT| By Team Kalkine MediaThe automotive sector, similar to most of the other sectors, has undergone a challenging time due to the unprecedented COVID-19 crisis. Lockdown restrictions heavily affected production as most of the on-site work came to a standstill. Remote worki.....
Mastercard (NYSE: MA) to Face a £14.0 Billion Class Action Suit in the UK
December 13, 2020 11:47 AM AEDT| By Hina ChowdharyThe British Supreme Court has allowed the initiation of a first-class action suit against payments company Mastercard for overcharging customers. The company has been accused of overcharging of nearly 46 million people in Britain over a pe...
Canada’s Gen X & Millennials Have Highest Debt-To-Income Ratio
December 13, 2020 02:39 AM AEDT| By Team Kalkine MediaThe COVID-19 pandemic poses a greater threat to the economic well-being of younger households, particularly those with income earners in the millennial age group, than any other in Canada, pointed a study published on Saturday, December 12. The st.....
Crude Surges on Vaccine Optimism and Sharp Build in U.S. Weekly Net imports
December 13, 2020 12:09 AM AEDT| By Kunal SawhneyCrude oil prices are showing strong momentum with the price of Brent crude oil futures crossing the USD 50 per barrel mark. Brent crude oil futures started the day’s session 0.05 per cent up on Friday after witnessing an intraday move o...
UK Moves Step Closer to First Nuclear Fusion Power plant
December 13, 2020 12:04 AM AEDT| By Kunal SawhneyThe UK government has started the hunt for a 100-hectare site for its upcoming nuclear fusion-based power plant. Called as Spherical Tokamak for Energy Production (STEP), it is expected to cost around £2 billion. Production is anticipated to .....
IoT Outlook: Time for Aussies to benefit from IoT?
December 13, 2020 12:00 AM AEDT| By Hina ChowdharyThe benefits and applications IoT or Internet of things in the present times is not hidden anymore. IoT can be explained as the connection of smart things that are enabled by data analytics and artificial intelligence. The evolution of IoT is making...
What can we expect in the cybersecurity space next year?
December 13, 2020 12:00 AM AEDT| By Team Kalkine MediaWe have almost entered the third decade of 21 century, and the new economy we see now is a digital economy which is not restricted to a limited number of industries. Still, it has become the core of the whole economy. It is because of digitisation th...
Weekly Economic Charter: S&P Downgrades NSW & Victoria Credit Ratings
December 13, 2020 12:00 AM AEDT| By Hina ChowdharyAlthough S&P Global Ratings recently maintained the stance that Australia’s AAA credit rating is rock solid, the rating agency has downgraded the long-term credit ratings of Victoria and New South Wales (NSW). Australia’s two econo.....
Canada’s Net Worth Grows To C$ 13.23 Trillion In Q3, Credit Borrowings Rise
December 12, 2020 10:20 PM AEDT| By Kunal SawhneyCanada’s national wealth and net foreign asset position totaled to C$ 13.23 trillion in the third quarter (Q3) of 2020, reported Statistics Canada on Friday, December 11. The total amount, aka net worth, noted a quarter-over-quarter (.....
Hong Kong Airlines and Shangri-La Hotel Group Restart Laying Off Staff
December 12, 2020 10:09 PM AEDT| By Kunal SawhneyThe state of the economy in Hong Kong continues to be in a shamble as businesses are still laying off people in the wake of poor economic recovery. The airline and the hospitality industries are perhaps the most affected in the country, which once .....
US FDA allows Pfizer-BioNTech Covid-19 vaccine for emergency use
December 12, 2020 08:53 PM AEDT| By Kunal SawhneyThe US Food and Drug Administration (FDA) on Friday gave a go-ahead to Pfizer-BioNTech COVID-19 Vaccine for emergency use in the US. The FDA in a statement said that it is determined that Pfizer-BioNTech’s vaccine has met its statutor.....
Pound falls with rising fears of a no-deal Brexit
December 12, 2020 07:19 PM AEDT| By Team Kalkine MediaThe pound sterling dropped by 1.2 per cent against the US dollar on December 11, reaching a four-week low value of $1.31, after Boris Johnson, the UK PM announced that a no-deal Brexit appeared very likely. Both the sides, namely the UK and the...
Can Koala’s bear Australian bushfires?
December 12, 2020 03:36 AM AEDT| By Kunal SawhneyAustralia's beloved animal is in trouble. According to the World Wide Fund for Nature (WWF), more than 60,000 koalas were killed, injured or displaced last summer during Australian bushfires that ravaged many parts of the country. WWF-Australia Ch.....
Top Players Across the Globe Riding Gaming Boom
December 12, 2020 03:33 AM AEDT| By Hina ChowdharyThe gaming market has been on a lively run in 2020. As the pandemic forced people to stay put at their homes, gaming emerged as an alternative to many activities which require close contact. Also, the gaming industry has evolved significantl.....
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