News

Petition calls for New Zealand Government to reform Pharmac

A petition with over 100,000 signatures calling for a substantial increase in budget and independent review of Pharmac was handed over to the New Zeal...

COVID-19 continues to hammer India; global cases decline

The spread of the COVID-19 pandemic in India continues to test the limits of the country’s healthcare system, even as the global situation has v...

Amazon Dodges US$300 Million EU Tax Order

Summary European judges noted that the European Commission failed to show proof of preferential treatment to Amazon by Luxembourg. European Commis...

US Consumer Prices Rise By 4.2%, The Fastest Pace Since 2008

The US Consumer Price Index (CPI), a key gauge for changes in commodity and services prices, rose 4.2% in April, compared to the same period a year ag...

US Stock Market Tumbles As Inflation Peaks 13 Year High

All the major U.S. stock market benchmark indexes plunged on Wednesday, May 12, as the consumer price index in April saw the highest growth in 13 year...

SoftBank Posts US$46bn Annual Profit, Highest By A Japanese Company

Summary SoftBank's full-year net profit soared to 4.99 trillion yen or US$46 billion, the highest for any Japanese company to date. SoftBank's pro...

Now Google Pay Users In US Can Send Money To India, Singapore

Summary It is Google’s first foray into the US$470 billion global remittance market. The payment can only be made between two individuals, a...

Bharat Biotech to commence Phase 2/3 trial of its COVID-19 vaccine o...

India-based Bharat Biotech will evaluate its COVID-19 vaccine in a Phase 2/3 clinical trial on children in the 2-18 age group. According to PTI report...

Ether Hits Fresh All-Time High, Up 12%

Ethereum’s crypto token surpassed the US$ 4.3K-mark for the first time on Wednesday (2:45AM EST), May 12, days after achieving the US$ 4K milest...

The New Crypto on the Block Bursts onto the Scene

Summary A new cryptocurrency, called Internet Computer, debuted on Monday, achieving a market value of US$45 billion, making it the eighth-largest...

APAC markets in red; Nissan shares crash 13%

All the share markets in the Asia-Pacific (APAC) region were trading in red on Wednesday, as concerns over growing inflation spooked investors. The s...

NZ Super Fund In A Soup As Links With Holdings Related To Myanmar Mi...

Summary NZ Super Fund is the government’s saving vehicle and act as an aid for people over 65 years. Kiwi Super Fund has invested huge amoun...

New Zealand to cut merchant service fee charged to businesses

Summary Merchant fees to be restricted by NZ Government. Customers have increased usage of contactless credit and debit cards amid COVID-19. High...

How Will Lodestone’s Initiative Boost New Zealand’s Solar Energy Gen...

As the world faces depletion of natural resources through misuse, renewable energy is the need of the hour. Solar energy, in particular, is something...

Ryah Medtech Joins Hands With Medical Kiwi For Product Distribution...

Summary Canada’s Ryah Medtech, Inc., teams up with Medical Kiwi Ltd for the distribution of RYAH Smart Inhaler and cloud-based data analytics...

Is Job insecurity related to a lower level of life satisfaction?

Statistics New Zealand added a set of wellness questions to the Household Labour Force Survey (HLFS) from the June quarter of 2020 to the March quarte...

Why Domtar, Plug Power, Roblox Stocks Surged Today?

Summary Canada’s paper maker Paper Excellence will buy Domtar in a US$3billion deal. Plug Power delayed first-quarter results, expects 60 pe...

US Economy Adds Record 1.8 Mn New Jobs in March As Hiring Slows

Summary Food and accommodation sector creates the highest number of jobs at 185,000, followed by the education department at 155,000, and entertain...

US Stock Market Retreats Ahead Of Inflation Data

The U.S. stock market benchmark indexes Dow Jones Industrial Average and S&P 500 closed lower on Tuesday, May 11, while NASDAQ Composite Index end...

Will Inflation Cut Short The US Real Estate Boom?

Summary Although borrowings became cheaper for new homebuyers, fewer houses in the market have driven up the house prices. The current housing sal...