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News
LVMH’s Acquisition of Tiffany Gets French Government’s Veto
September 10, 2020 11:22 PM AEST| By Team Kalkine MediaThe luxury jewellery and speciality retailer from the United States (US), Tiffany & Co. got a rude shock and took legal actions against LVMH, a French multinational company that specialises in luxury goods. The lawsuit followed the crucial deve.....
Will food prices rise if the UK divorces Brexit?
September 10, 2020 11:11 PM AEST| By Team Kalkine MediaIn case of a no deal Brexit, almost half of the goods and services being imported from the Europe could attract extra duties or levies beginning January 2021, including food. The UK government estimates had suggested that total value of border tari.....
Is the Boris Johnson Government Planning to Alter the Brexit Deal?
September 10, 2020 09:47 PM AEST| By Team Kalkine MediaThe Pulling out of the United Kingdom from the European Union is creating unforeseen complications for both for the UK as well as the EU. The latest controversy to hit both these economic blocs is a statement made by cabinet minister Brandon .....
General Motors goes aggressive on EV bet, takes 11% stake in Nikola
September 10, 2020 03:51 PM AEST| By Team Kalkine MediaSummary General Motors (GM) announces partnering with tech startup Nikola to produce electric-pickup vehicle model. Both companies’ share price rose substantially after the surprise announcement. GM is taking another critical step toward.....
How did Tesla achieve an 11% rebound after its worst day on record?
September 10, 2020 03:24 PM AEST| By Edita IvancevicSummary Tesla’s share price experienced an 11% rebound on Wednesday after a 21% fall on Tuesday, between a wider bounce back in the technology sector, reflected through Nasdaq Composite index ending the trading session, with a rise of 2.71.....
What is Ripple?
September 10, 2020 12:00 AM AEST| By Edita IvancevicCryptocurrency markets are getting more recognition and investments daily. Anonymity, privacy, easy accessibility and blockchain technology are only a few advantages that attract people into buying cryptocurrencies. ALSO READ: What is a cryptocurr.....
Westpac-MI consumer sentiment index rebounds 18% in September
September 09, 2020 11:00 PM AEST| By Team Kalkine MediaThe Westpac-Melbourne Institute Index of Consumer Sentiment soared 18% from 79.5 in August to 93.8 in September. The index is at present just 1.6% below the average over the 6 months prior to the advent of COVID-19 in March. The rebound of 18% afte.....
Why has AstraZeneca paused its Phase III COVID-19 vaccine study?
September 09, 2020 07:23 PM AEST| By Edita IvancevicWhat was believed to be the most-promising coronavirus vaccine study from AstraZeneca and the University of Oxford has been paused indefinitely, due to the alleged unexplained illness that one of the participants had developed. Phase III vaccine t.....
President Trump goes vocal on the US-China decoupling
September 09, 2020 03:33 PM AEST| By Team Kalkine MediaSummary The United States President Donald Trump raised an idea of decoupling the US and Chinese economies. China officials hit back saying the US is a bully and it needs to be opposed. Experts believe that the decoupling is imprac.....
Will Higher Energy Bills During Winters Support Electricity Suppliers?
September 08, 2020 11:14 PM AEST| By Team Kalkine MediaThe British home energy bills could rise by around 18 per cent during the coming winter months, says the latest report from Energy Helpline, a company providing price comparison services for energy suppliers across the UK. The Energy Helpline esti.....
A Sigh of Relief for Tesco and Associated British Foods as the Consumer Spending Increases
September 08, 2020 11:11 PM AEST| By Team Kalkine MediaThe retail industry is the largest private sector employer in the UK, with one in 10 people working in the sector. Despite of the collapse of the British high street, online sales accounts for one-fifth of total retail sales across the nation. Supe.....
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What is Ethereum?
September 08, 2020 08:43 PM AEST| By Edita IvancevicTo comprehend what Ethereum really is, it is essential to comprehend Internet first. Internet history, passwords, bank details and our personal information are stored online, available for anyone who is good enough at hacking into personal compute.....
Chinese Yuan Gaining Strength, what is Pushing the Red Dragon?
September 08, 2020 08:09 PM AEST| By Team Kalkine MediaSummary After a significant increase in exports to the U.S., the Chinese Yuan gained against USD. Since May this year, the appreciation in CNY has been notable, but we could also say USD has depreciated during the period. China is doing all it .....
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COVID-19 Vaccine Development: Lens on Three Late-stage Candidates
September 08, 2020 07:52 PM AEST| By Team Kalkine MediaSummary With the COVID-19 pandemic showing no signs of slowing down, the degree of hospitalisation required in COVID-19 disease yelps for both treatment and vaccine to treat patients and help control the spread of the virus. According to the Wo.....
Queensland announces tax relief for SMEs with Australia planning more tax cuts ahead
September 08, 2020 12:00 AM AEST| By Team Kalkine MediaThe Government of Queensland has planned on giving an extra $249 million from the current subsidy in coronavirus related tax relief to small and medium enterprises (SMEs) with the motive of protecting SMEs in Queensland that are currently reeling u.....
Government plans ‘SEAT out to help out’ scheme, Cineworld to be impacted positively
September 07, 2020 11:11 PM AEST| By Team Kalkine MediaIn its efforts to bring large crowds that are required for the theatres and sports stadiums to operate viably during the coronavirus pandemic, the government plans to bring a ‘SEAT out to help out’ scheme. Oliver Dowden, Cultural Secret.....
Brexit Updates: UK Contemplates A New Bill, British Logistics Sector Looks To Avoid Chaos
September 07, 2020 11:00 PM AEST| By Team Kalkine MediaDavid Frost, chief negotiator, Brexit talks has said that the UK will not take a backstep on any of its demands with respect to its future relationship with the EU (European Union). He added that the EU side has no option but to understand that the.....
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Can Bitcoin be converted to real currency?
September 07, 2020 08:14 PM AEST| By Edita IvancevicSummary As monetary policies keep progressing, currency in Bitcoin seems to have a bright future. With many efficient advantages, it is no wonder why investors find Bitcoin investment-worthy, mostly because all transactions can be made anywhere.....
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US unemployment rate improves, but the Market ended in Red
September 07, 2020 05:45 PM AEST| By Team Kalkine MediaSummary The US stocks ended lower before recovering on 4 September due to a sell-off of technology stocks that overshadowed the improved unemployment rate data. The US unemployment rate improved after falling to 8.4% in August compared to 10.2%.....
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What is a cryptocurrency and how to use it?
September 07, 2020 05:18 PM AEST| By Edita IvancevicCryptocurrency, also known as a digital currency, is a virtual money exchange made and managed by private consumers and organisations. Most cryptocurrencies are not legally controlled. Hence, cryptocurrency is, in theory, invulnerable to any sorts .....
