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World news
Why NATO sees climate change as a major threat?
June 26, 2021 03:08 AM PDT| By Team Kalkine MediaClimate change has wreaked havoc across the world with heatwaves, droughts, floods, and icy weather conditions, killing millions of lives in these catastrophic events. While the EU already has an overarching framework to address the issue, its milita...
US stocks close week on positive note as financials lead
June 25, 2021 02:23 PM PDT| By Sanjeeb BaruahBenchmark US indices closed the week on a positive note on Friday, June 25, as stocks saw broad gains led by financials despite some minor pushback from the tech segment. The S&P 500 was up 0.33% to 4,280.70. The Dow Jones gained 0.69% to 34,433...
Asia’s richest man moves to internationalise his company
June 24, 2021 11:23 PM PDT| By Furquan MoharkanAsia’s richest man – billionaire Mukesh Ambani – has announced the appointment of Yasir Al-Rumayyan, Chairman of Saudi Aramco and Governor of Public Investment Fund (PIF), to the board of Reliance Industries Limited (RIL). "His joi...
APAC markets, except NZ, bask in a sea of green on US cues
June 24, 2021 10:02 PM PDT| By Furquan MoharkanAll the equity markets in the Asia Pacific (APAC) region, save New Zealand, were trading in green on Friday, following in the footsteps of its peers in the US. In Japan, the benchmark Nikkei 225 was up 81 basis points at the time of filing this copy...
Why are policymakers averse to cryptocurrency?
June 24, 2021 09:59 PM PDT| By Furquan MoharkanRarely do we find a situation when policymakers are averse to allow any new asset class in their domain. Policymakers usually treat an asset class as a new investment option. However, when it comes to cryptocurrency, policymakers seem to be singing...
COVID-19: What is Delta plus? Is it more dangerous than other strains?
June 24, 2021 08:08 PM PDT| By Furquan MoharkanThe Delta plus variant of COVID-19 has been fast spreading across the globe. This has raised alarm bells among the policy makers – with some of them scared, while others adopting a wait and watch strategy. The three countries, which have seen...
Why did NZ cease its travel bubble with NSW?
June 24, 2021 05:11 PM PDT| By Jasmine AnandSummary New Zealand has recently opened its borders for the two-way quarantine free travel between Australia and Cook Islands However, the trans-Tasman bubble between New South Wales and the Kiwi nation has been paused owing to the emergence of.....
Are NZ companies thinking of investing in solar energy?
June 24, 2021 04:45 PM PDT| By RomaSummary Solar energy is being looked at as a fulltime energy supplier. Increasing prices cause companies to look for alternatives. The reliability factor of solar energy is a major concern A recent study shed light on the fact that the in.....
NASDAQ, S&P 500 hit all-time highs after infra deal, labor recovery
June 24, 2021 03:25 PM PDT| By Sanjeeb BaruahBlue-chip S&P 500 and NASDAQ Composite closed at all-time highs on Thursday, June 24, after markets responded positively to the news of President Biden’s US$1 trillion infrastructure deal and continued recovery of the US labor market, criti...
APAC markets end flat on mixed sentiments
June 24, 2021 01:33 AM PDT| By Furquan MoharkanThe equity markets in the Asia Pacific (APAC) region closed mostly flat on a day when the sentiments across the geography seemed mixed. In Mainland China, shares closed mixed as the Shanghai Composite Index ended the trading day largely around the f...
Is Grayscale Bitcoin trust an ETF?
June 23, 2021 10:10 PM PDT| By Furquan MoharkanThe world’s largest cryptocurrency, Bitcoin, has been one of the world’s most talked-about assets in 2021. Bitcoin prices, displaying a volatility worse than that of penny stocks, have had wild swings in last five months of this year. Sh...
Does investment maestro Warren Buffet trade in penny stocks?
June 23, 2021 08:08 PM PDT| By Furquan MoharkanWarren Buffett, undoubtedly, has been the world’s most successful serial investor. With a net worth of over US$100 billion, Mr Buffett at one point in time, was the world’s richest man. He and Bill Gates of Microsoft Corporation used to s...
NZ Super Fund recovers remarkably from the lows of pandemic
June 23, 2021 07:23 PM PDT| By SonalOn 23 June, the NZ Super Fund declared that it had made a remarkable comeback after being hit hard by the COVID-19 crisis in 2020. The Fund witnessed its value plummet by $13.4 billion in a matter of weeks last year. Matt Whineray, CEO of Guardian...
How did Tui oil field fiasco pave the way for a law change in New Zealand?
June 23, 2021 06:13 PM PDT| By Jasmine AnandSummary The cost of Tui’s cleanup, which was set initially at NZ$155 million, escalated to NZ$349 million, the bill of which was footed by the taxpayers. The New Zealand Government plans to introduce legislation enabling permit holders to.....
US markets close mixed as financials, energy stocks advance
June 23, 2021 03:26 PM PDT| By Sanjeeb BaruahBenchmark US indices closed mixed on Wednesday, June 23, after financials and energy scrips advanced, while other stock segments remained subdued. The S&P 500 was down 0.11% to 4,241.84. The Dow Jones declined 0.21% to 33,874.24. The NASDAQ Comp...
Government based digital apps being appreciated by Aussies and Kiwis
June 22, 2021 04:12 PM PDT| By RomaA recent survey is of the indication that users believe that government-sourced digital services are as good as private sourced ones. The survey recently conducted by Infosys, said that over 80% of the people are happy with the quality of services .....
US markets edge higher as stocks see broad gains
June 22, 2021 03:39 PM PDT| By Sanjeeb BaruahBenchmark US markets closed higher on Tuesday, June 22, as the stock segments saw broad gains led by tech, real estate, and retail sectors. The S&P 500 was up 0.51% to 4,246.44. The Dow Jones rose 0.20% to 33,945.58. The NASDAQ Composite gained...
COVID-19 a tailwind for pet care: What does the future hold?
June 22, 2021 01:36 AM PDT| By Tripti JoshiSummary With pet owners spending more time with their pets, the animal health industry has witnessed a significant boost over the past 12 months. Amid the COVID-19 pandemic, pet therapy has become a popular medicine for humans. Several advance.....
What’s the link between ByteDance and TikTok?
June 21, 2021 11:37 PM PDT| By Tripti JoshiByteDance, the most valuable start-up in the world, is the developer of social networking services and video-sharing apps such as TikTok and Douyin. Douyin is the Chinese-specific counterpart to TikTok. ByteDance was founded by Zhang Yiming in Marc.....
Is Crowdfunding the last resort to save Boeing 747?
June 21, 2021 10:36 PM PDT| By RomaSummary The final moments of the Air New Zealand 747? Crowdfunding only hope for conservation of Plane 18 days left to try to save the craft In a recent announcement, the last Boeing 747 plane in Air New Zealand shall be retired fro.....
