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News
JPMorgan red-flagged again, coughs up US$250 million as penalty
November 25, 2020 03:26 PM AEDT| By Team Kalkine MediaMultinational investment bank and financial services firm JPMorgan Chase & Co agreed on Tuesday to pay a US$250 million fine. One of the US regulators found a "pattern of misconduct" for risk management and other control failings in its wealth .....
Tesla hits an epic milestone; Elon Musk dethrones Bill Gates as the second richest man
November 25, 2020 02:06 PM AEDT| By Team Kalkine MediaOn 24 November, Tesla finished the trading day with a market capitalisation of more than USD 500 billion for the first time. As electric vehicle car company's market value crossed the USD 500 billion-mark, Musk's net worth increased by nearly .....
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Bitcoin Reclaims USD 19,000 After Three Years, What’s Driving the Rally?
November 25, 2020 01:58 PM AEDT| By Hina ChowdharyBitcoin has once again reclaimed the USD 19,000 mark, climbing to a high of USD 19,349.0 yesterday and is presently trading at USD 19,169.00, marking the first rally over the last three years to see the crypto asset above the USD 19,000 mark. The ma...
How Are Businesses Encashing the Gold Bonanza?
November 25, 2020 12:00 AM AEDT| By Hina ChowdharyGold has been quite the charmer as a safe haven asset in 2020 with the spot price vaulting to a record high of USD 2,073.41 per ounce in August 2020. The impeccable rally in gold prices has brought a smile on many faces with several banks, royalty .....
Game over for Trump? Emily Murphy finally gives the green light to Biden’s transition
November 24, 2020 11:07 PM AEDT| By Edita IvancevicIt has been almost three weeks since the US got a new president-elect – Democrat Joe Biden. The whole world has followed the elections closely, as a new American president means a big deal for everyone, on various fronts – stock markets.....
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What does the new COVID-19 evidence tell us about the future?
November 24, 2020 09:03 PM AEDT| By Edita IvancevicWinter is coming to the northern hemisphere. Usually, individuals get quite excited around the holidays. However, this year Christmas and New Year might not bring the same amount of joy as they used to. Even after the coronavirus’s first bir.....
What Can Be Expected from Nielsen Holdings’ (NYSE: NLSN) Virtual 2020 Investor Day?
November 24, 2020 07:05 PM AEDT| By Kunal SawhneyThe global data analytics firm Nielsen Holdings plc (NYSE: NLSN) said it is going to host a virtual 2020 Investor Day on 9 December 2020 to share the company’s current transformation, growth strategy and prospects. The event, which will be hel...
Which all UK industries are likely to benefit most if VAT relief is extended?
November 24, 2020 06:41 PM AEDT| By Kunal SawhneyThe UK government had reduced Value Added Tax on hospitality services from the current 20% standard rate to the reduced rate of 5% on 8 July and then further extended the period from 13 January until 31 March in a bid to save the sector from furthe.....
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EVs on a shoestring: Australia’s five most affordable electric cars
November 24, 2020 06:28 PM AEDT| By Edita IvancevicElectric cars are gaining popularity with each passing year, especially now as more people intend to go green due to climate change. When manufacturers first started producing electric vehicles, their prices were almost sky high. The best example .....
Canadian Businesses’ Net Income Up In Q3: How Different Sectors Fared?
November 24, 2020 05:31 PM AEDT| By Team Kalkine MediaAfter a length of tumultuous times triggered by the coronavirus pandemic, the third quarter (Q3) of 2020 saw a gradual recovery of economic activity in Canada, reported the Statistics Canada on Friday, November 20. Canadian businesses posted a gro.....
‘Now is the Time’: Melbourne Airport launches campaign to woo travellers
November 24, 2020 04:38 PM AEDT| By Team Kalkine MediaIn the backdrop of easing COVID-19 restrictions in Victoria, Australia’s Melbourne Airport is encouraging travellers to opt for air travel and make plans for their next trip. The airport, in partnership with Qantas (ASX:QAN), Jetstar, Virgin .....
DHL introduces first air freight flights from Melbourne to Auckland
November 24, 2020 03:28 PM AEDT| By Team Kalkine MediaDHL Express unveiled its first nonstop air freight flight from Melbourne city to Auckland. The move has been taken to accommodate the boom in e-commerce market propelled by COVID-19 and constant increase in Victorian exports to the Tasman. The air.....
Consumer NZ finds Airbnb and Bachcare cancellation policies unfair
November 24, 2020 02:23 PM AEDT| By Team Kalkine MediaThe consumer advocacy group, Consumer New Zealand, lodged a complaint with the Commerce Commission against the accommodation booking sites Airbnb and Bachcare over how they charge people who cancel bookings. The Consumer NZ finds it a breach of the...
China’s Market Regulator Increases Probe After Sudden Default from State-Backed Coal Miner
November 24, 2020 01:46 PM AEDT| By Team Kalkine MediaFollowing payment default from a state-backed coal miner, China’s market regulator, Financial Stability and Development Committee (FSDC) has intensified its investigation into bond sales. The default dragged in several banks, accounting firms.....
WorldRemit hires Paul Vogel of Spotify to its Board
November 24, 2020 08:03 AM AEDT| By Team Kalkine MediaDigital remittance industry has been growing and is expected to grow even more in years ahead. The rising smartphone and internet usage, increasing digital-savvy customers going for digital remittances and an increase in payment automation and digi.....
Which sectors could gain as the UK enters a tiered set of rules post 2 Dec?
November 24, 2020 02:31 AM AEDT| By Kunal SawhneyThe UK government has decided to go in for a strict region-wise set of rules after the second lockdown gets over on 2 December. Though the decision is being opposed by the Opposition, health authorities are stressing upon it to avoid any spike befo.....
Jeff Bezos Funds African Fintech Start-Up Chipper Cash
November 24, 2020 01:37 AM AEDT| By Kunal SawhneyJeff Bezos seems to have broadened the bouquet of his investments as the world’s richest person has recently co-funded an African FinTech firm specialising in business payments, peer-to-peer (P2P) cash transfer and cryptocurrency trading includ...
NSW's $32 Billion Electricity Infrastructure Roadmap Aims to Bolster Economy
November 24, 2020 12:05 AM AEDT| By Hina ChowdharyNew South Wales (NSW) has recently unveiled its electricity infrastructure roadmap, designed to shift the energy system towards renewable energy from coal. Moreover, the state government plans to lure renewable infrastructure and related private in.....
Brexit: Britain and Canada To Trade Under EU Similar Terms After Transition Period
November 23, 2020 11:07 PM AEDT| By Kunal SawhneyThe UK and the Canadian government have agreed to continue their bilateral trading on the same terms as that of the current European Union (EU) after the Brexit transition period gets over on 31 December. The deal in principle was agreed upon by B.....
Canada-UK Trade Deal: What Is The New Post-Brexit Agreement?
November 23, 2020 09:30 PM AEDT| By Hina ChowdharyAfter months of deliberating, Canada and the United Kingdom have finally reached a post-Brexit trade agreement. Under the new agreement terms, both the countries will continue to trade under the preexisting European Union (EU). In other wor.....
