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IMF Estimates US$50B Cost To End Pandemic In 2022
May 23, 2021 01:46 AM PDT| By Kiran MuraliA probable end to the COVID-19 pandemic could cost US$50 billion, according to the latest report by the International Monetary Fund. The international financial institution believes that vaccinating at least 40 percent of the global population by .....
Carbon Prices at an All-Time High; What’s Ahead?
May 22, 2021 07:40 AM PDT| By Nitish KumarSummary The prices of carbon have touched an all-time high during this week. The trend is expected to continue, on the back of implementation of more reforms to reduce greenhouse gas emissions in the near future. The European Union (EU) is hom.....
“Pied Piper”: the curious case of Elon Musk
May 22, 2021 07:37 AM PDT| By Furquan MoharkanBillionaire Elon Musk, the CEO of Tesla Inc (NYSE:TSLA), has a habit of staying in headlines – from his off-the-cuff tweets to ideas that seem irrational. This time, he is again in news, but a large section of people is angry at him, calling hi...
Volatility on rise; markets gripped with fear
May 22, 2021 07:33 AM PDT| By Furquan MoharkanThe volatility in Wall Street has shown a massive spike in the past one month, while the fear has been visible – a trend which may lead to further downside in the shares. The volatility index – represented by Chicago Board Options Exchan...
US Proposes 15% Tax On Global Corporate Profits
May 21, 2021 08:34 PM PDT| By Team Kalkine MediaSummary Treasury Department eyes 15% minimum corporate tax on overseas profits of US companies. OECD estimates that countries lose US$240 billion to companies that shift their earnings to countries having lower tax base. The Treasury D.....
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US Markets End Mixed As Stocks Retreat
May 21, 2021 08:02 PM PDT| By Team Kalkine MediaThe S&P 500 and the tech-heavy NASDAQ Composite Index closed lower, while the Dow Jones Industrial Average saw muted gains on Friday, May 21, as investors moved away from risker assets. The S&P 500 was down 0.08% to 4,155.86. Dow Jones rose...
US Stocks Rebound On Upbeat Labor Data
May 20, 2021 03:17 PM PDT| By Team Kalkine MediaAll benchmark US indices closed higher on Thursday, May 20, halting a downward trend witnessed in the past three days, as stocks bounced back sharply amid positive labor data. The S&P 500 was up 1.06% to 4,159.12. The Dow Jones Industrial Averag...
What Are The Non-Budgetary Parts Of Kiwi Budget 2021?
May 20, 2021 01:00 PM PDT| By Team Kalkine MediaSummary A balanced budget includes a mix of budgetary allocations as well as the consideration of the well-being of citizens. New Zealand’s Federal Budget 2021 aims to uplift its citizens’ living conditions by introducing a series o.....
Is US getting ready to tighten monetary policy? Fed drops hawkish hints
May 19, 2021 07:28 PM PDT| By Furquan MoharkanSummary The Fed has said that it would tighten the monetary policy, if the economy improves. The Fed hints at truncating its bond purchases programme. The balance sheet of Fed has doubled during the pandemic. The US Federal Reserve is mul.....
US Stocks Plunge In Broad Rout, Bitcoin Sees Record One-Day Fall
May 19, 2021 03:32 PM PDT| By Team Kalkine MediaUS stock markets continued a losing streak on Wednesday, May 19, as losses across all sectors deepened amid a dwindling risk appetite among investors and a sharp decline of cryptocurrencies. The S&P 500 was down 0.29% to 4,115.68. The Dow Jones...
Canada’s OSF Digital Acquires NZ’s Adept Group To Enhance Its Presence Across Australasia
May 19, 2021 01:00 PM PDT| By Team Kalkine MediaSummary Canadian OSF Digital has acquired Adept Group, which has offices located in Auckland and Wellington. Both the companies will draw mutual benefits from the acquisition, with an increased global presence in B2B and B2C commerce services. .....
100,000 dead in a month: COVID-19 continues relentless onslaught in India
May 18, 2021 11:13 PM PDT| By Furquan MoharkanThe raging COVID-19 pandemic in India has left 104,488 people in country dead in just a month’s time, as the country is hurtling towards the total death toll of 300,000. As on date, the pandemic death toll in the country stands at 283,281, c.....
APAC markets a sea of red; ASX200 bleeds AU$40 billion
May 18, 2021 10:05 PM PDT| By Furquan MoharkanThe markets across the Asia-Pacific region were mostly trading in red on Wednesday, with Australian markets being the worst performer. The country’s benchmark ASX200 was down 2.01% due to weak consumer sentiment. As ASX200 marked its worst s.....
Waikato DHB latest to be hit by cyberattack
May 18, 2021 08:58 PM PDT| By SonalA cyberattack on a New Zealand public health provider knocked off information systems at 5 hospitals, causing some elective procedures to be cancelled and triggering a slew of other issues. Surgery and many outpatient meetings had to be withdraw...
Cannabis-Based Company Bags Carbon Efficiency Certification
May 18, 2021 08:55 PM PDT| By RomaSummary Cannabis-based Company receives carbon efficiency certification. It paves way for eco-friendly cannabis production in the country. Setting the right tone for the rest of the industry, helping in reaching goals. The world and espec.....
Auditor General Advises NZ Government To Ramp Up COVID-19 Vaccination Programme
May 18, 2021 07:50 PM PDT| By Team Kalkine MediaSummary New Zealand needs to increase its momentum of the vaccine roll-out, says Auditor General. The Government must thoroughly work on contingencies in case of any delay in the arrival of vaccines, community outbreaks, etc. Majority of the G.....
Yellen bats for increased taxes for businesses
May 18, 2021 06:34 PM PDT| By Furquan MoharkanSummary US Treasury Secretary Janet Yellen is all for increased taxes for businesses to aid stimulus package. Yellen also called for stronger labour unions. She said that the American Families Plan would be funded by increasing taxes on rich p.....
On a sticky wicket: Can Cricket bounce back to blockbuster form after COVID-19?
May 18, 2021 03:27 AM PDT| By Team Kalkine MediaSummary Governments in cricket-playing nations worldwide have relaxed restrictions, somewhat allowing smaller crowds into stadiums worldwide. But the hit to the bottom line for every national cricket association is crushingly undeniable. The Ch.....
Elon Musk Superseded as the World’s Second Richest Person
May 18, 2021 01:30 AM PDT| By Team Kalkine MediaOn Monday, Tesla (NASDAQ:TSLA) CEO Elon Musk lost his position as the second richest person in the world as LVMH Chairman, Bernard Arnault, took the spot. Elon Musk drops to 3rd in the list of the wealthiest people in the world (Source: © J.....
Villa Maria’s parent firm FFWL put into receivership
May 18, 2021 12:42 AM PDT| By SonalThe owner of NZ wine business Villa Maria has been put into receivership and share sale in the business will occur. Brendon Gibson and Neale Jackson of Calibre Partners (previously known as KordaMentha) have been selected as receivers of FFWL, ...
