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In A First, Water Futures Start Trading On Wall Street
December 08, 2020 11:02 PM AEDT| By Hina ChowdharyWater has now entered the league of oil, gold, and other commodities futures on Wall Street, representing concerns that the life-sustaining natural reserve may become insufficient around the world. Chicago-based CME Group Inc unveiled agre.....
November Retail Sales in The UK Decline, High Street Footfall Fell By 63.9%
December 08, 2020 10:56 PM AEDT| By Kunal SawhneyThe retail footfall data published by BRC ShopperTrak for the month of November clearly shows the deep damage the industry suffered because of the second lockdown. The UK government had imposed the second lockdown from 5 November to 2 Decem.....
Who is Michael Sabia, Canada’s New Deputy Finance Minister?
December 08, 2020 07:27 PM AEDT| By Team Kalkine MediaMichael Sabia, former CEO and president of Caisse de Depot et Placement du Quebec (CDPQ), has been appointed as Canada’s new deputy finance minister, said an official statement released the prime minister’s office on Monday, Dec.....
The Story of ‘Big Short’s’ Michael J. Burry
December 08, 2020 07:25 PM AEDT| By Edita IvancevicImage Source: Shutterstock People in large number remember how nerve-wracking the 2008 Global Financial Crisis was. Wall Street completely crashed, and the world was left with years of financial struggles. Yet, some investors could sense the future...
The meteoric rise of Ray Dalio, World’s Largest Hedge Fund Manager
December 08, 2020 06:42 PM AEDT| By Edita IvancevicHedge Fund managers are one of the most fancied names on the Wallstreet, and many stock market participants closely track each and every move these fund managers make. Many hedge fund managers make it to the rich list, thanks to the huge amount of m...
Surge in Norovirus cases in Auckland’s preschools under scrutiny
December 08, 2020 06:12 PM AEDT| By Team Kalkine MediaAuckland city’s early learning services have witnessed a tenfold rise in norovirus outbreak in the last month, which could be attributed to a switch in cleaning supplies in the preschools to avoid the transmission of COVID-19. Auckland Regiona...
UK government might drop key clauses in case of a Brexit deal
December 08, 2020 06:01 PM AEDT| By Team Kalkine MediaThe UK government said that it could remove those clauses in its legislation which breach the Brexit deal with the European Union. It might also review the provisions in another bill in case the talks on the Withdrawal Agreement proceed any further.....
Tony Hsieh: the 'generous' genius from the US who died at just 46
December 08, 2020 04:18 PM AEDT| By Edita IvancevicImage Source: Shutterstock Tony Hsieh was a renowned American businessman, who made a considerable impact on Zappos after being hired as its CEO. He was known to turn an almost bankrupt firm into a multibillion-dollar empire. Within a decade, he too...
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RBNZ begins consultation to reimpose LVRs from next year
December 08, 2020 03:52 PM AEDT| By Team Kalkine MediaOn 8 December, RBNZ announced to look for views on its plan to reinstate loan to value restrictions (LVR) on mortgage lending from March 2021. When Covid-19 struck, the LVRs were halted in April as part of a range of measures to boost the economy an...
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November NAB Business Survey Notes Above Average Confidence and Conditions
December 08, 2020 01:58 PM AEDT| By Hina ChowdharyNAB Australian Economics has released the November business survey, suggesting ‘rapid rebound in the economy’ as states are easing restrictions and borders are re-opening. Business confidence and conditions are now above average......
Homeownership rates in NZ fell to the lowest level in nearly seven decades
December 08, 2020 01:11 PM AEDT| By Team Kalkine MediaHomeownership in NZ has fallen to lowest levels since 1951 with homeownership rates striking the younger people. As per a report Housing in Aotearoa: 2020 by Stas NZ that gives a glimpse of the housing sector in NZ, about 64.5% of households were .....
Who is Dr Timnit Gebru and why did Google fire her?
December 08, 2020 12:49 PM AEDT| By Edita IvancevicIf asked to imagine an artificial intelligence and the technology sector employee, there is a high chance one would picture a white male scientist wearing smart glasses. In that case, one would not be wrong due to white male dominance within the tech...
Is Canada's Job Market Improving Amid Second Wave Of COVID-19?
December 08, 2020 12:59 AM AEDT| By Kunal SawhneyFollowing a growth of 2.7 per cent each month between May and September and that of 0.5 per cent in October, Canada saw its overall employment rate climb 0.3 per cent in November, found a recent report by Statistics Canada. In the latest Labour Fo.....
Britannia Named the Worst Hotel Chain, Sofitel The Best in the UK
December 07, 2020 10:32 PM AEDT| By Team Kalkine MediaThe consumer group Which?’s annual ranking has named Britannia as the worst hotel chain in the United Kingdom for the eighth consecutive year. The survey based on the feedback of 4,000 customers were asked about their stay at all the venues. .....
Who is Solomon Lew? How influential is he in Australia?
December 07, 2020 07:34 PM AEDT| By Edita IvancevicImage Source: Shutterstock Solomon Lew is a Melbourne-born billionaire, who has earnt his wealth through the retail industry. Born on 22 March 1945, Mr Lew is a seasoned retail businessman. His main experience is in importing toys from China to Aust...
Who was Alex Trebek? How did he mesmerise millions through Jeopardy?
December 07, 2020 04:27 PM AEDT| By Edita IvancevicImage Source: Shutterstock The US is widely recognised for its entertainment industry – from Hollywood to the real-life television – which has sold copyright licences to numerous countries. One thing that makes the American TV industry...
Safety Warehouse Fake Cash Drop event escalated to Police
December 07, 2020 03:48 PM AEDT| By Team Kalkine MediaThe Safety Warehouse experienced a strong criticism of its cash drop event which took place in Auckland on 05 December 2020. In this event, the community was promised NZ$100k in value. However, people who attended the event found the Company dropp.....
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Chinese Factory Output Growth Outshines many Asian Countries
December 07, 2020 02:52 PM AEDT| By Team Kalkine MediaWith coronavirus mostly under control in China, buyers are ready to spend again in a bid to lift activity further. As per the National Bureau of Statistics data, industrial output of China soared 6.9% in October compared to a year ago in sync with.....
Why can Australian house prices rise 20% in 2021?
December 07, 2020 02:42 PM AEDT| By Team Kalkine MediaWhile Australia marked a return to growth in the September quarter, the Australian housing market seems to be out of the woods. Housing prices in Australia are on the rise and can surge further going ahead. The housing prices can top growth of 20 p.....
Who was Leila Janah, the Robin Hood of entrepreneurship?
December 07, 2020 01:40 PM AEDT| By Edita IvancevicImage Source: Shutterstock Leila Janah was a successful social entrepreneur, adventurist, and founder of Samasource, Samaschool, and a skincare brand LXMI. She tragically passed away aged 37 in January 2020, after suffering from a rare form of soft-...
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