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World news
White House in firefighting mode after pause on J&J jabs
April 13, 2021 06:08 PM PDT| By Furquan MoharkanSource: RajCreatives, Shutterstock Summary 6 bloodclots reported among the US citizens after J&J vaccine CDC, FDA analysing the data in clots Australia has also been guarded about usage of AstraZeneca vaccine The White Hou...
Opinion: Banks may be reluctant lenders this year
April 12, 2021 09:38 PM PDT| By Furquan MoharkanRepresentative Image: A still-life with a home loan mortgage application, home loan calculator on smartphone and keys. © Cammeraydave | Megapixl.com Banks across the world are more likely to be reluctant lenders in this calendar year, whic...
New Zealand passes climate change law for financial companies
April 12, 2021 09:30 PM PDT| By Team Kalkine MediaSource: CrizzyStudio, Shutterstock Summary NZ has become the first country to introduce a law that would need financial firms to explain the impact of climate change on their business. About 200 firms and many foreign firms that fulfil $1 bill...
Uber clocks record bookings in March on vaccination boost
April 12, 2021 09:10 PM PDT| By Team Kalkine MediaSource: Viacheslav Lopatin, Shutterstock Summary Uber’s gross bookings touched record high in March as consumer demand revives. Mobility business’ annualised gross bookings crossed a $30 billion run rate, up 9% on a month-over-mont...
WHO says COVID surge is ‘exponential’ right now
April 12, 2021 06:12 PM PDT| By Team Kalkine MediaA picture of a closed shop, due to the surge of novel Coronavirus COVID-19 pandemic, © Chfonk | Megapixl.com The World Health Organisation (WHO) has said that COVID surge has been “exponential” across the globe, as epicentre of...
New Upside Rally for PVH Corporation on the Cards?
April 12, 2021 04:06 AM PDT| By Team Kalkine MediaSource: Daniel Fung, Shutterstock Summary PVH Corp. (NYSE: PVH) prices almost quadruple in the 8 months (from March 2020 to January 2021) and made a new 52-week high. On the daily time frame chart, PVH Corp. prices are forming ascending triang...
Evolution Gaming Seals Deal to Acquire Big Time Gaming for EUR450M
April 12, 2021 01:56 AM PDT| By Furquan MoharkanSource: Emanuele Ravecca, Shutterstock Sweden-headquartered Evolution Gaming Group AB (NASDAQ:EVO) is set to acquire Big Time Gaming Pty Ltd in a deal worth EUR450 million to expand its strategic footprint. The deal will be executed through payment...
Investors lose US$83 billion in one hour in India
April 11, 2021 10:24 PM PDT| By Furquan MoharkanSource: Indypendenz, Shutterstock The investors in Indian equities lost a whopping INR 6.24 trillion (US$73 billion) in the first hour of trade, on back of raging pandemic in the world’s second most populous country. Copyright © 2021 K...
What Is The Way Forward For Climate Change Initiatives?
April 11, 2021 08:07 PM PDT| By RomaSource: Sepp photography, Shutterstock Summary Climate change at industrial level will be more impactful. Strategic Government efforts shall result in change. First steps towards change with coal-based boiler ban. Climate change has been...
EVs are environment friendly, but too unfriendly on Kiwis’ pockets
April 11, 2021 07:06 PM PDT| By Team Kalkine MediaSource: THINK A, Shutterstock Summary The cost of EVs is a problem for most car shoppers in NZ. Kiwis might go for used EVs but there certain things for them to look at before they make any purchase. Government has been looking at some scheme...
Saudi Aramco Raises $12.4 Bn By One of The World’s Largest Energy Infra Deals
April 11, 2021 12:00 AM PDT| By AbhijeetSource: 63ru78, Shutterstock Summary Saudi Aramco will be selling a minority stake in a newly formed Pipeline Rights Unit. The deal involves 25-year lease-and-lease-back agreement and the company will be getting an upfront payment of around $1...
Alibaba Fined A Record $2.75 Billion By Chinese Authorities
April 10, 2021 11:51 PM PDT| By Suhita PoddarSource: Andrii Yalanskyi, Shutterstock Summary The Chinese tech behemoth owned by one of the most successful entrepreneurs Jack Ma has been fined $2.75 billion for abusing its dominant market position The latest fine amounts to 4 per cent of t...
India’s Rising COVID Cases A Cause of Worry
April 10, 2021 03:25 PM PDT| By Furquan Moharkan© Marbenzu | Megapixl.com The rising Covid-19 cases in world’s second most populous country – India – is a very worrying trend for the global economy. The country has been hit by the second wave of the highly contagious virus...
Tech stocks, BNPL players taking stock markets higher
April 10, 2021 02:19 PM PDT| By Team Kalkine MediaSource: TZIDO SUN,Shutterstock As major economies of the world continue to shake off the damages done by the pandemic, the major stock markets have also started to shine, showing signs of positivity. Out of all the significant indices, it woul...
Will JPMorgan Continue to Soar?
April 09, 2021 01:20 PM PDT| By Team Kalkine MediaSource: pcruciatti, Shutterstock Summary JPMorgan Chase & Co. (NYSE: JPM) hit a new lifetime high and delivered a return of ~27 percent in the last three months. JPM Stock prices are trading in a rectangle channel formation on the daily ch...
What Does IMF’s World Economic Outlook Say in Detail?
April 09, 2021 01:10 PM PDT| By Furquan MoharkanSource: MuhsinRina, Shutterstock When the International Monetary Fund (IMF) raised global growth forecast in its April update, there was a certain degree of jubilation across the globe, which has been crippled by once a century pandemic. The global...
Prince Philip, Queen Elizabeth II’s Husband, Passes Away At 99
April 09, 2021 07:33 AM PDT| By Team Kalkine MediaSource: Pixabay Prince Philip, husband of Britain’s Queen Elizabeth II, passed away on Friday, April 9, the Buckingham Palace has announced. He was 99 years old. The palace wrote in its official statement that the Duke of Edinburgh “pas...
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Medical Kiwi Not To Be listed On NZX For Now
April 09, 2021 03:06 AM PDT| By Team Kalkine MediaSource: Stereo Lights, Shutterstock In the latest update, Medical Kiwi, which is dealing in medicinal cannabis, has not received a greenlight to trade on the New Zealand Stock Exchange. Source: Copyright © 2021 Kalkine Media Pty Ltd Medical...
AstraZeneca’s COVID-19 vaccine: A look at recent challenges
April 08, 2021 11:09 PM PDT| By Team Kalkine Mediae links of blood clots after the administration of AstraZeneca’s jab. The COVID-19 vaccine manufactured by Oxford University and AstraZeneca Plc (LON:AZN) has been a part of controversy amid several nations suspending the vaccine's use, in...
HP New Zealand Proposes RPM to the Commerce Commission
April 08, 2021 05:43 PM PDT| By Team Kalkine MediaSource:Lukmanazis, Shutterstock Summary HP proposes RPM for new market conditions. Several aspects such as pricing, competition, and market conditions involved. Commerce Commission to analyse all factors before giving out decision. The C...
