News

UK begins Covid-19 vaccine donation, to give away 9 million jabs

July 29, 2021 12:26 AM AEST| By Abhijeet

Summary The UK government will be donating nine million vaccines starting this week Indonesia, Jamaica and Kenya are amongst the countries who stand to benefit The government has pledged to donate 100 million vaccines by the end of June ...

What drove the bitcoin price surge? Where is the coin sitting now?

July 28, 2021 05:51 PM AEST| By Daniel Paul Johns

Summary Bitcoin’s price crossed the US$40,000 level on 27 July on the back of reports that Amazon may start accepting Bitcoin on its platform. An Amazon spokesperson nixed the report, leading to a 7% drop as Bitcoin’s price dropped ...

How have cryptocurrencies turned around since Musk’s U-turn?

July 28, 2021 05:41 PM AEST| By Furquan Moharkan

After the world’s largest cryptocurrency – Bitcoin – crashed below the US$30,000 mark, analysts started giving their verdict on its future direction. There were two schools of thought at that point in time: one argued that Bitcoin ...

Explaining Project Pegasus: What you need to know about snooping right under your nose

July 28, 2021 02:06 PM AEST| By Furquan Moharkan

Last week, when the Project Pegasus news story was broken by a consortium of media houses across the world, many were left flabbergasted. The shock wasn’t because of the way the espionage was conducted. In the intelligence gathering circles, a...

Multiple Hong Kong indices dip in bear zone

July 28, 2021 11:24 AM AEST| By Furquan Moharkan

Multiple indices on the Hong Kong Stock Exchange (HKEX) have crashed deep into the bear zone as China continues its purge on tech companies – most of which are listed on the HKEX. Two indices in particular – Hang Seng Tech Index and Hang...

3M’s sales up 24% in Q2, Alphabet’s net income skyrockets by 166%

July 28, 2021 09:15 AM AEST| By Team Kalkine Media

Summary 3M’s (NYSE: MMM) second-quarter sales grew by 24.7% and net income by 17%, YoY. Alphabet Inc’s (NASDAQ: GOOGL, GOOG) revenue surges by 62% in Q2. The Alphabet stock rose 3.12%, while 3M fell 0.50% in afterhours trading...

US indices slip, weighed down by technology, consumer stocks

July 28, 2021 08:01 AM AEST| By Sanjeeb Baruah

Benchmark US indices drifted from their recent gains on Tuesday, July 27, dragged down by technology and consumer stocks, even as Q2 earnings reports of big companies trickled in. The S&P 500 fell 0.47% to 4,401.46. The Dow Jones shed 0.24% to 3...

Are semiconductor stocks in US still talk of the town?

July 28, 2021 06:09 AM AEST| By Team Kalkine Media

Summary Semiconductor chips are used in almost everything electronic or digital. TSMC Ltd., one of the world’s largest semiconductor companies, plans to open new plants outside Taiwan as demand for chips rise and backlogs pile up. The Do...

Britcoin or Bitcoin: Which one is UK’s future currency?

July 27, 2021 11:13 PM AEST| By Kamalika Ghosh

Summary Chancellor of the Exchequer Rishi Sunak is planning to revamp the financial future by introducing ‘Britcoin’ digital currency. Unlike Bitcoin, Britcoin will be controlled by the central bank of the UK. Experts feel Br...

Planning to invest? Keep track of these economic indicators

July 27, 2021 08:25 PM AEST| By Team Kalkine Media

Summary Economic indicators can be used to better understand the economy and map out its future pace of growth. Using indicators such as GDP and relevant data on output can help investors view the market beyond just a set of graphs. GDP growth...

Lending before COVID-19 was sub-par: This is what write-offs across APAC convey

July 27, 2021 06:57 PM AEST| By Furquan Moharkan

Right from the start of the pandemic, rating agencies and experts had warned that bad loans will see a surge – a fact that holds true when incomes get truncated in the face of a once-in-a-century pandemic. However, along with the expected surg...

How did COVID-19 impact cryptocurrency trading?

July 27, 2021 03:56 PM AEST| By Sonal

The catastrophic Covid 19 outbreak wreaked havoc, causing severe instability across the globe. While everything was on the verge of collapsing, Cryptocurrency was reborn with force never seen before. The crypto market has proved to be relatively r...

What are the benefits and risks of a ‘vaccine passport’ for UK businesses?

July 27, 2021 03:49 PM AEST| By Suhita Poddar

The widespread availability of COVID-19 vaccines, increasing rate of vaccinations as well as businesses seeking to resume operations may all work in favour of providing vaccine certificates to know the vaccination or immunization status of any indi...

APAC markets a mixed bag; HK tech sell-off continues

July 27, 2021 02:25 PM AEST| By Furquan Moharkan

The equity markets in Asia Pacific region traded mixed on Tuesday, as tech shares in Hong Kong continued to be under pressure from investors. On Tuesday morning, shares of Chinese tech giant Tencent – which faced regulatory action by the Chi...

Earnings on tap for Big Tech: What to expect

July 27, 2021 01:18 PM AEST| By Furquan Moharkan

On Tuesday, after the market close, three of the top four most-valued companies in the US – Alphabet, Microsoft, and Apple – would announce their quarterly results. The collective valuation of these three companies is over US$4 trillion. ...

Is Coinbase available in New Zealand? Is Coinbase safe?

July 27, 2021 01:16 PM AEST| By Jasmine Anand

Summary Coinbase is regarded as one of the most popular cryptocurrency exchanges across the globe, offering services in the Kiwi land too. With an easy to operate website and app, Coinbase supports numerous payment options. Coinbase ensures th...

Tesla races past a milestone, hits US$1 billion in revenues for first time

July 27, 2021 10:33 AM AEST| By Furquan Moharkan

American electric vehicle maker Tesla Inc (NASDAQ:TSLA) has breached the US$1 billion mark in the quarterly earning for the first time in its history. The company overnight reported a net profit of US$1.14 billion for the quarter ending 30 June 2021...