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Reasons and forecasts of Australian economy’s recovery
January 02, 2021 05:14 AM PST| By Kunal SawhneyThe government projections for the fiscal year 2020-21 have shown that the economy is bouncing back. The mid-year economic and fiscal outlook presented a real GDP growth forecast of 2.75% for 2021. This forecast is higher by 0.5 pt from the forecas.....
Bitcoin in 2020 - A Year of Low Interest Rate, Quantitative Easing, And Economic Drop-Off
January 02, 2021 12:41 AM AEDT| By Kunal SawhneyBitcoin has been the top performing asset of the year 2020 with its blistering price run being primarily supported by large institutional purchases. It has delivered a superior price return of more than 230 per cent on a YTD basis, outperforming all...
How was 2020 for Commodities and What is anticipated in 2021?
January 01, 2021 05:34 AM PST| By Team Kalkine MediaWe are entering a new year, and 2020 has been a volatile year for markets, be it equities or commodities. The COVID-19 pandemic pushed the major central banks and governments across the globe to take drastic measures to avoid the economy from sliding...
UK Government Issues Warning for New Year's Eve, Asks People to Remain Indoors
December 31, 2020 08:34 AM PST| By Team Kalkine Media‘The Boris Johnson government has asked everyone in England to stay indoors on New Year’s Eve in a bid to avoid spreading the virus. On Wednesday, UK health secretary Matt Hancock announced that another 20 million people would join 24 m.....
Major events that shaped the markets in 2020
December 31, 2020 05:59 AM PST| By Kunal SawhneyHaving changed our lives in myriad ways, the unprecedented year of 2020 is finally coming to an end. The year began with health and economic panic triggered by the COVID-19 infections and lockdowns across the globe. As per the WHO, the deadly virus...
How 2020 proved to be a shot in the arm for the healthcare industry?
December 31, 2020 05:56 AM PST| By Hina ChowdharySummary The COVID-19 pandemic not only revealed the fissures in the healthcare system but also fast-tracked digitisation in the industry. Telemedicine is speedily evolving amid the pandemic to offer enhanced access to superior-quality healthcar.....
Farmers Worried as NZ might be heading towards another drought in January
December 31, 2020 05:15 AM PST| By Team Kalkine MediaNew Zealand farmers may be in for another drought in upper northern parts, mostly north of Taupo. This is likely to put a lot of strain on the farmers. Drought conditions forecasted The farmers are still dealing with Hawke Bay’s drought los.....
Generali acquires AXA’s Greek Operation AXA Insurance SA for $202.9m
December 31, 2020 04:33 AM PST| By Kunal SawhneyAssicurazioni Generali SpA has signed an agreement on 31 December to acquire the Greek subsidiary of AXA SA, AXA Insurance SA. The total consideration of the deal amounts to 165 million euros ($202.9 million), which is 12.2 times the company’.....
Canada’s Year Of Economic Recession & Rebound In 2020
December 31, 2020 04:09 AM PST| By Team Kalkine MediaA few months into the pandemic, Canada was staring into the dark alley of economic recession, at levels not witnessed since the Great Depression of 1930s. In its fall economic statement, the country projected a fiscal deficit of C$ 381.6 billion, nea...
How 2020 Panned Out for Interest Rate Scenario Across Major Economies?
December 31, 2020 12:36 AM PST| By Team Kalkine MediaCentral banks across the globe have resorted to low interest rates to stimulate economies suffering from a recession amidst the pandemic. Many countries have lowered their interest rates to never-before-seen levels, close to 0% in most cases. Sinc.....
UK Parliament approves the Brexit trade deal
December 31, 2020 12:17 AM PST| By Hina ChowdharyBritish prime minister’s trade deal with the European Union was approved by the UK Parliament last night, making it a law, just a day short of the expiry of the Brexit transition deadline. Both the sides will be looking forward to a n.....
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Bitcoin Shifting Value Proposition
December 31, 2020 06:58 PM AEDT| By Mark O'DonnellIn 2017-18, the crypto asset market was booming. By the closure of 2017, the market capitalisation stood at 566 Billion USD, up from 17 Billion one year prior. The boom was fuelled largely by the proposition that crypto assets (and their underlying t...
WHO warns coronavirus can become endemic; a wake-up call for 2021?
December 30, 2020 08:00 PM PST| By Kunal SawhneyThe ongoing COVID-19 pandemic has taken innumerable lives and caused enormous disruption to economies, families, and societies worldwide. According to the World Health Organization (WHO), there have ~80.77 million confirmed COVID-19 cases, includin.....
‘Ripple’ effect; Genesis suspends XRP trading after SEC lawsuit
December 30, 2020 07:02 PM PST| By Hina ChowdharyConsidering the recent lawsuit by SEC (U.S. Securities and Exchange Commission) against the enterprise blockchain company Ripple, Genesis has suspended XRP trading. However, XRP derivatives market for Genesis would keep on trading like before. Th.....
Fashion legend Pierre Cardin breathes his last at 98
December 30, 2020 05:48 PM PST| By Kunal SawhneyFrench couturier Pierre Cardin, who was known for his new and surprising designs, passed away at the age of 98 on Tuesday. The designer had become famous for bringing luxury fashion to the masses. He designed avant-garde style clothes and preferred.....
How is ESG impacting mining companies?
December 30, 2020 05:28 PM PST| By Team Kalkine MediaThe metals and mining arena is progressively presented with environmental, social and governance (ESG) concerns which include critical issues around discharges, water usage, deforestation, and community relations. ESG is a comprehensive approach t.....
Biden's $2 trillion green plan to soon be a political reality?
December 30, 2020 05:23 PM PST| By Hina ChowdharyThe newly elected United States president, Joe Biden’s ambitious $2 trillion green plan might be reaching a political reality for transitioning from the oil industry. The Biden plan to build sustainable infrastructure and economy had been one o...
Growing role of AI in healthcare: Pharma giants make big investments in 2020
December 30, 2020 05:22 PM PST| By Team Kalkine MediaHealthcare industry is already using artificial intelligence (AI) to diagnose diseases and analyse patients’ data and scans. Now, pharma and biotech players are also harnessing AI for the development of new therapies. Artificial intelligence .....
The Very First Boeing 737 Max Commercial Flight Takes Off In Nearly Two Years!
December 30, 2020 05:08 PM PST| By Team Kalkine MediaBoeing’s 737 Max has finally returned to the skies in the US with American Air. It’s return to commercial service in the US comes after nearly two years, since the two deadly crashes prompted one of the nation’s longest aircraft g.....
2020: The year tech giants took healthcare space by storm
December 30, 2020 04:56 PM PST| By Kunal SawhneyMedical technology is transforming the pharmaceutical and biotech sector. The big technology giants have shown interest in the healthcare industry with the accelerated technology adoption amid the ongoing COVID-19 pandemic. Many technology behemot.....
