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Ether up 4x this year, all eyes on Ethereum 2.0
December 02, 2020 01:13 PM AEDT| By Kunal SawhneyWhile the most popular cryptocurrency bitcoin is soaring high nowadays, Ether, the world's second-biggest virtual currency by market value, is following the trend. It is up more than 4x this year. Since the beginning of the year, cryptocurrency has b...
2020’s Much-awaited Airbnb IPO Set to Launch In December!
December 02, 2020 01:09 PM AEDT| By Team Kalkine MediaThe famous home rental startup Airbnb Inc said on Tuesday that it intends to price its shares at USD 44 to USD 50 per share in its IPO, for a valuation of up to USD 34.8 billion in its initial public offering (IPO). The company is prepared to sell .....
Raising a glass against China: IPAC urges world to drink Australian wine
December 02, 2020 12:51 PM AEDT| By Edita IvancevicInternational parliament members from several political parties have joined forces to “stand against repressive bullying” as a response to China’s raising of wine tariffs for Australia. Several MPs from the Inter-Parliamentary Al.....
Salesforce To Acquire Slack Technologies, Signs Definitive Agreement
December 02, 2020 12:20 PM AEDT| By Team Kalkine MediaOne of the most-awaited tech deals of the year is finally through. Salesforce.com (NYSE:CRM) has acquired communications platform Slack Technologies, Inc. (NYSE:WORK) for US$ 27.7 billion, making it the eighth-largest M&A deal in tech industry....
OPEC+ Delays Production Cut Decision, November Rally Halts
December 02, 2020 11:49 AM AEDT| By Team Kalkine MediaThe crude oil market finally hits a limbo with prices of Brent futures struggling around USD 50 mark to trade in a range from USD 49.00 per barrel to USD 48.00 per barrel after showing an immense recovery. Image Source: © Kalkine Group 2020...
Canada To Implement Digital Tax From 2022: What All You Need To Know?
December 02, 2020 02:12 AM AEDT| By Kunal SawhneyCanada will enforce a tax on all digital service providers in the country from January 1, 2022. The amount raised by this digital taxation will boost federal coffers by C$ 3.4 billion in five years. This tax will continue till other countri.....
Main economic boost from vaccines to follow later: BoE
December 01, 2020 10:40 PM AEDT| By Hina ChowdharySilvana Tenreyro, policymaker, Bank of England said that the principal economic boost from the ongoing vaccination progress would only come once the Covid-19 vaccines are rolled out in the market. She added that the BoE needed to watch out for any pr...
Residential real estate regains its shine as house approvals hit a 20-year high
December 01, 2020 07:54 PM AEDT| By Team Kalkine MediaThe Australian Bureau of Statistics (ABS) has released building approvals data for October 2020. The data has been particularly encouraging for private sector houses or residential real estate. On a seasonally adjusted basis, building approvals fo.....
What can Australia do about its relationship with China?
December 01, 2020 07:00 PM AEDT| By Edita IvancevicAs China keeps continuously slamming Australia with additional tariffs on imported products, the land down under needs to think of a way to fight back. Trade experts believe Australia can do a lot more than just pursuing legal actions and taking th.....
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Bitcoin At an All-Time High Outperforming All Asset Classes, Why are investors Gung-ho?
December 01, 2020 06:18 PM AEDT| By Kunal SawhneyBitcoin prices finally climbed to a record high, taking less than three years to scale the previous all-time high the previous high seen in December 2017. The world’s most popular cryptocurrency gained considerable momentum in the recent past,...
RBA Monetary Policy Decision: No Changes to Policy Setup
December 01, 2020 05:41 PM AEDT| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) has decided to maintain its monetary policy stance, with no new changes announced. With a target of 10 basis points for both the interest rate and the yield on 3-year Australian government bonds, RBA continues to.....
A$55,000 for one post: Australian influencer Tammy Hembrow rakes in huge money through Instagram
December 01, 2020 05:35 PM AEDT| By Edita IvancevicWho says social media cannot pay the bills or do more? Australian influencer Tammy Hembrow proves that statement wrong, as marketing experts estimated she could earn more than A$55,000 per post on Instagram. Australia’s 26-year-old self-mad.....
Economic Charter: Australia's Current Account and House Approvals Data Out
December 01, 2020 04:31 PM AEDT| By Kunal SawhneyAustralia’s current account surplus (seasonally adjusted) in the September quarter fell 39 per cent to A$10.0 billion, on account of lower goods and services surplus, according to the latest data from Australian Bureau of Statistics (ABS). Th.....
Unilever (LON:ULVR) to try out 4 days working per week in NZ
December 01, 2020 04:12 PM AEDT| By Team Kalkine MediaCompanies in New Zealand are increasingly coming forward with ‘four-day work a week’ policy and adding to the league is the London based, consumer goods company Unilever (LON:ULVR) which will be trying out four-day work in a week for all its em...
UK’s Fashion giant Arcadia goes into administration; 13,000 jobs at risk
December 01, 2020 03:18 PM AEDT| By Team Kalkine MediaArcadia Group, the owner of renowned fashion brands like Topshop, Burton and Dorothy Perkins, has become the latest victim to bite the dust in the wake of COVID-19 storm. The fashion giant has hired administrators from Deloitte to assess all avail.....
APRA identifies incorrect liquidity reporting at Westpac Banking Corporation (ASX:WBC)
December 01, 2020 01:29 PM AEDT| By Kunal SawhneyThe Australian Prudential Regulation Authority (APRA) has launched an action against Westpac Banking Corporation (ASX:WBC). The enforcement action is over the material breaches of liquidity standards set by the regulator. APRA became aware o.....
Moderna seeks US, EU approval for COVID-19 vaccine after it demonstrated 94.5% efficacy
December 01, 2020 12:30 PM AEDT| By Edita IvancevicPharmaceutical giant Moderna Inc. (NYSE:MRNA) intends to ask vaccine regulators in the US, Europe, and the UK for urgent approval of its coronavirus vaccine. According to the company, they performed late-stage study of human trials for the COVID-1.....
Missed Black Friday Sale? Here are Cyber Monday Deals 2020 in the UK
December 01, 2020 12:00 AM AEDT| By Team Kalkine MediaThe Black Friday is the Friday after Thanksgiving Day, but if by chance you miss shopping on that day, Cyber Monday falls on the following Monday and showcases mostly tech-related deals. The tradition of Cyber Monday has its roots in the United State...
Tighter Tier System: How Will It Affect the Hospitality Sector
November 30, 2020 09:36 PM AEDT| By Kunal SawhneyThe UK government has decided to implement a tighter tier system from this week after the second lockdown gets over on 2 December. The new tier system, which will be in place from 3 December, is being introduced as the risk of a sudden spike still ex...
New Zealand Housing Prices continues to Soar
November 30, 2020 08:32 PM AEDT| By Team Kalkine MediaThe latest survey conducted by ASB Bank Housing Confidence revealed that the market is currently on a new high in terms of housing prices. Mike Jones, senior economist from ASB revealed that after a short-term fall during the lockdown, the anticip.....
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