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News
Uber's food delivery business ahead in the race; Ride services taking U-turn in revenues
November 08, 2020 08:05 AM AEDT| By Kunal SawhneyGlobal e-hail company Uber Technologies Inc released a statement on Thursday stating that the demand for its food-delivery service Uber Eats rose exponentially in the latest quarter ending on 30 September 2020. However, it's signature global rides .....
European countries are re-imposing lockdowns amid the second wave of Coronavirus
November 08, 2020 08:00 AM AEDT| By Team Kalkine MediaThe Coronavirus has infected more than 48 million people on the planet in a span of mere nine months. The outbreak has been witnessed across the globe with some nations getting affected way more than others. Some of the worst-hit nations inc.....
Sneak peek at COVID-19 Vaccine frontrunners: AZN, Moderna, Pfizer, J&J
November 08, 2020 12:14 AM AEDT| By Hina ChowdharySince the outbreak of the catastrophic pandemic, SARS-CoV-2 has taken a severe toll on human life as well as economic and financial aspects. We are already close to completing a year since the emergence of the disease, and there are still several m.....
Why did the streaming video service Quibi fall?
November 08, 2020 12:10 AM AEDT| By Edita IvancevicA once-promising idea that was supposed to transform the entertainment industry and Hollywood itself, Quibi is now a long-forgotten project that tumbled sooner than anyone could have ever expected. When the world found about the project with the f.....
Ethereum 2.0 Set to Go Live On 1 December, May Outperform Bitcoins
November 07, 2020 08:00 PM AEDT| By Kunal SawhneyThe next-generation version of the Ethereum blockchain, which has been in the works for many years, is set to go live on 1 December 2020. The newly launched Ethereum 2.0, which was originally slated to go live on 3 January 2021, will see the block.....
A Walk Through European EV market: How Government Subsidies & Cost-Effective Models Pushing Demand?
November 07, 2020 04:09 AM AEDT| By Hina ChowdharyThe mania for Electric Vehicles (EV) has taken the world by storm, with the escalating popularity of battery-operated motors bucking the globally dismal trends of COVID-19. Significantly, the rise of EV vehicles promises a new dimension worldwide, .....
5 emerging Tech trends to rock the world after coronavirus
November 07, 2020 03:59 AM AEDT| By Kunal SawhneyThe value of digital resilience, which helps business and the lives of people to proceed as usual through pandemics, has been confirmed by COVID-19. With work from home becoming the new normal, technology is playing a significant role in supportin.....
Massive growth on the cards for Medical Equipment Repair Market
November 06, 2020 04:29 PM AEDT| By Team Kalkine MediaThe medical equipment industry has seen considerable growth recently and one of the key segments, the medical device repair market, is anticipated to boom further in the future. The main factors driving the medical equipment repair market are incre.....
Japan Post agrees to sell Toll Global Express business
November 06, 2020 02:13 PM AEDT| By Team Kalkine MediaJapan Post Holding Co is looking for the potential sale of Toll Global Express business, the battered courier division of its Australian logistics subsidiary Toll Holdings Ltd. By selling this business, Japan Post aims to concentrate on making Toll.....
US observed a surge in coronavirus cases after Election day
November 06, 2020 12:19 PM AEDT| By Team Kalkine MediaUS has set a 1-day record for new coronavirus cases on 4 November. The average daily confirmed cases jumped to an all-time high in the US as the country lingers on a knife-edge for a President. As per John Hopkins University, daily fresh coronavir.....
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Bitcoin Again Making News, More Steam left in the recent rally?
November 05, 2020 04:51 PM AEDT| By Hina ChowdharyBitcoin :(BTC) Back in the News: Will it be able to sustain the recent rally? Chart Source: Thomson Reuters Refinitiv On technical charts, Bitcoin broke the symmetric triangle pattern in the month of October. Prices are currently facing s.....
How is the US election result going to Impact New Zealand?
November 05, 2020 02:34 PM AEDT| By Team Kalkine MediaThe destiny of the President of US hung in balance on 3 November as Democratic challenger Joe Biden and President Donald Trump continues to fight a close race in battleground states to win the White House. US election workers are still tabulating .....
ASX market rises, following Wall Street’s rally before the US elections result
November 05, 2020 02:27 PM AEDT| By Kunal SawhneyFinally, the world is closer than ever to witness, probably the most important event for the world nowadays, i.e. outcome of the 59th quadrennial US presidential elections. With the current count of 264 electoral votes in favour of Joe Biden, the m.....
Crude Oil rallies over 4% in three days, what is keeping the bulls busy?
November 05, 2020 01:17 PM AEDT| By Hina ChowdharyThe Crude oil prices jumped early on 03 November 2020, with Brent benchmark crude prices back above the $40 per barrel, fresh rally in the financial markets and a weaker U.S. dollar on Election Day are considered the main reason for the recent jump.....
AU & US Earnings beat expectations but future still looks gloomy
November 05, 2020 06:00 AM AEDT| By Team Kalkine MediaThe coronavirus pandemic has put a dent in the earnings of various sectors and the sector leaders. However, against the initially forecasted drop in the earnings, the recovery has been quite fast across sectors. Looking at the third quarter perfor.....
Ant Group’s Race to world’s biggest IPO Abruptly Derailed, Regulator Raises Red Flag
November 04, 2020 07:01 PM AEDT| By Team Kalkine MediaWhat was supposed to be the world’s biggest Initial Public Offering (IPO) by financial technology company Ant Group, came to an abrupt halt in Shanghai and Hong Kong when Chinese regulators waved a red flag, derailing a record USD 34.5 billio.....
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Volatility In Gold And Crude Surges On The Heels Of US Presidential Elections 2020
November 04, 2020 02:50 PM AEDT| By Team Kalkine MediaGold prices are back in focus as the U.S. 2020 presidential election reaches the crescendo. The gold spot market has demonstrated an upper bounce during the trading session on 4 November 2020 with gold spot surging from the recent low of USD 1,859......
New Zealand witnesses the biggest quarterly rise in the unemployment rate in Q3
November 04, 2020 01:56 PM AEDT| By Team Kalkine MediaNew Zealand recorded the largest quarterly rise in the unemployment rate in 3 months ended September 2020, in line with economists' predictions, as firms were compelled to lay off workers amid coronavirus induced recession. The official unemployme.....
Why is PM Scott Morrison’s decision on Christine Holgate dubbed “double standard”?
November 03, 2020 05:50 PM AEDT| By Team Kalkine MediaAustralia Post CEO Christine Holgate has stepped down from her post after allegations of misuse of taxpayers’ money. Holgate’s decision comes after PM Scott Morrison criticised her act of gifting expensive Cartier watches to senior exec.....
AstraZeneca (AZN) Sells the rights of Two drugs to Cheplapharm for US$400 million
November 03, 2020 05:36 PM AEDT| By Team Kalkine MediaAstraZeneca Plc (LON:AZN) disclosed that it signed an agreement to sell the commercial rights of its hypertension medicines Atacand and Atacand Plus to Cheplapharm Arzneimittel GmbH, a German pharmaceutical company. Cheplapharm&.....
