Bill Gates on COVID: Wait Till Late 2021 to Lead Good Old Times | Kalkine Market Update |

COVID-19 pandemic has been the defining global health crisis, changing the way people live, work, and learn, taking all their freedom away, and making them dependent on digital mediums. Microsoft co-founder Bill Gates has stated that in the best-case scenario if an effective vaccine is launched and distributed adequately, rich countries could go back to almost normal by late-2021.

Leading promising vaccine candidates are by Pfizer and Moderna, using the new technology mRNA to create an immune response to the virus. The world is watching for the voting outcome of the US presidential election on 3 November 2020.

  • Commerce Commission Fines Ocean Contracting Limited
  • Commerce Commission, following an investigation, has fined a heat pump servicing company, Ocean Contracting Limited, with a penalty to pay NZD 75,000 for making false or misleading representations to 10 customers in Otago and Southland. All ten complainants received cold calls via telephone from the company in 2016 or 2017, and later on, the company's representatives visited complainants to service their heat pumps. Ocean Contracting earlier pleaded guilty to 10 charges under the Fair Trading Act 1986. The company has agreed to pay reparation to the victims.
  • * Government To Infuse $96.5 Million To Upgrade Community Infrastructure And To Create Jobs Regional Economic Development Minister Shane Jones along with Maori Development Minister Nanaia Mahuta announced that 351 marae from all over the country would be upgraded using the investment funds from Provincial Growth Fund (PGF). It is estimated to create 3100 jobs with an investment of $96.5 million. The government has allocated a total of $600 million in PGF for projects having potential for job creation and provides economic benefits to the community. The funding through PGF is in addition to $18.8 million announced last month for the Maori development plan.

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