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World news
Bitcoin in a freefall as China doubles down on crypto crackdown
June 21, 2021 06:52 PM PDT| By Furquan MoharkanBitcoin, Ethereum and Ripple coins - largest cryptocurrencies by market capitalisation. The price of the world’s largest cryptocurrency – Bitcoin – has now crashed more than 10% in the last 24 hours as China further tightened...
Christchurch Factory believes it can help deal with NZ housing problem
June 21, 2021 06:37 PM PDT| By RomaSummary Concision offers modern techniques of construction. They offer wastage reduction and cost saving. Reluctance being faced from different agencies and developers. Since housing problem is an overwhelming problem in New Zealand, diff.....
Rebound in energy, industrial stocks lift Wall Street
June 21, 2021 02:59 PM PDT| By Sanjeeb BaruahBenchmark US indices closed higher on Monday, June 21, after the Dow Jones Industrial Average jumped 580 points as energy and industrial stocks rallied sharply amid a strong economic rebound. The S&P 500 was up 1.40% to 4,224.79. The Dow Jones r...
Amazon (NASDAQ: AMZN) Prime Day sale: What you need to know
June 21, 2021 11:27 AM PDT| By Team Kalkine MediaWhat is Amazon Prime Day sale? Amazon Prime Day is one of the most popular online limited-time sales events. It started the activity in July 2015 to mark its 20th anniversary. Amazon offers heavy discounts and deals across all product segments for t...
Amazon (NASDAQ: AMZN) Prime Day sale kicks off; 2 mn deals on offer
June 21, 2021 11:09 AM PDT| By Team Kalkine MediaSummary Two-day Amazon Prime Day sale has 2 million products on offer across 20 countries. In 2020, Amazon’s Prime Day sales were up 45.2% to US$104 billion from the previous year. Macy’s, Kohl’s, Walmart, Bed, Bath & Bey.....
China intensifies crackdown on crypto mining industry
June 21, 2021 10:02 AM PDT| By Team Kalkine MediaChina has intensified a crackdown on the crypto mining industry over the weekend, renewing calls to national banks and private payment platforms such as Alipay not to offer their services to cryptocurrency exchanges and miners. The Chinese authori.....
What is all the brouhaha about the Amazon Prime Day?
June 21, 2021 12:03 AM PDT| By Furquan MoharkanShopping is one thing that almost everyone loves – that is when you have the purchasing power to buy things. You get to buy the things you have always wished for. It sparks a sense of instant gratification, elevating your dopamine levels. Howe...
How will New Zealand deal with its food wastage problem?
June 20, 2021 10:50 PM PDT| By RomaSummary Food wastage is a major concern in New Zealand. Concerns about sustainable growth and global food chain disruption. Trends shifting as people are becoming more responsible. With the recent revelation about food being wasted in New.....
This IPO raised over $29 billion, plus other biggest global IPOs of all time
June 20, 2021 10:00 PM PDT| By SonalThe first thing that is needed to start a business is money or capital due to higher costs and inconsistent revenues initially. People can get money by putting in their own capital, raising capital by getting investors or by getting loans from banks....
Massive sell-off in APAC shares; Japanese & Australian markets in deep red
June 20, 2021 08:55 PM PDT| By Furquan MoharkanThe equity markets in Asia-Pacific (APAC) region witnessed a heavy sell-off on Monday as the Federal Reserve’s hawkish stance on monetary policy continued to weigh heavily on the markets. Japan was the worst performer in the region with the Ni...
What exactly does Federal Reserve do?
June 20, 2021 08:17 PM PDT| By Furquan MoharkanA country’s economy can be compared to a chariot driven by two different horses - the government and the central bank. While the government is involved in giving broader push to economy, the central bank takes the responsibility (which may, at...
What is meatless meat? Is it slowly replacing animal-based meat?
June 20, 2021 07:50 PM PDT| By Tripti JoshiSummary Plant-based meat, or meatless meat, is an essential element for people who prefer a vegan diet and adopt a lifestyle devoid of animal-based foods. Plant-based meats are often low in calories and saturated fat while having high fibre and.....
Sydney’s troubles far from over as infection cluster grows
June 20, 2021 04:17 PM PDT| By RomaSummary Sydney cluster grows, raising concerns over safety More testing and detection activities being undertaken People advised to get tested, wear masks as part of precautions While transmission of the COVID-19 virus has seen an obvious.....
Amazon Forecast to Hold Leading Ecommerce Position with Prime Day
June 20, 2021 02:01 AM PDT| By Suhita PoddarSummary E-commerce retail giant Amazon is holding its annual prime day online shopping sale event on June 21. The event is expected to help the company capture over 40 per cent of total US digital sales by the end of 2021, thus retaining its le.....
EU Loses Legal Battle Against AstraZeneca to Speed Up Vaccine Deliveries
June 20, 2021 01:59 AM PDT| By Suhita PoddarSummary Pharma giant AstraZeneca won a legal battle against the EU in Brussels, which would have forced the company to supply up to 120 million covid-19 vaccine doses by the end of June. The court ruled AstraZeneca can supply up to 80.2 million.....
US Markets end week in red, Dow Jones down 500 points
June 18, 2021 02:30 PM PDT| By Sanjeeb BaruahBenchmark US indices closed the week in red on Friday, June 18, with Dow Jones diving to its lowest level since January, as Americans marked the Juneteenth Holiday to commemorate the end of slavery some 155 years ago. The S&P 500 was down 1.31%...
Why is it important to understand the mechanism of the Internet of Things?
June 18, 2021 07:54 AM PDT| By Mohammad ZaidSummary Internet of Things is a breakthrough technology composed of various layers that facilitate interaction to produce output to enhance productivity. The industry, as well as domestic applications of IoT, have increased significantly over t.....
Global IPO market is on fire; Q1 proceeds surge 529%
June 18, 2021 07:05 AM PDT| By Furquan MoharkanSummary Global IPO proceeds in Q1 surged by a whopping 529%. The total ECM activity picked up by 229%. SPAC deals have helped the cause of equity markets. The equity capital market (ECM) activity in quarter ended March 2021 touched an unp.....
APAC markets a mixed bag; commodity price swings in focus
June 17, 2021 11:59 PM PDT| By Furquan MoharkanThe equity markets in Asia-Pacific (APAC) region were a mixed bag on Friday, as Bank of Japan maintained status quo over the monetary policy and investors tracked moves in the commodities space. In Japan, the Nikkei 225 closed near the flatline at t...
Is New Zealand-UK trade deal in the offing?
June 17, 2021 11:56 PM PDT| By RomaSummary Speculation strong on the UK-NZ dairy trade deal. Could mean trade benefits for both the countries. Complete tariffs phase out being talked about. In a recent report, it has been announced that New Zealand and the UK were looking .....
