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World news
Global Markets: Key events to watch out for this week
May 31, 2021 01:01 PM AEST| By Furquan MoharkanIt was a mixed bag for the global markets last week – with gains and corrections. However, with a barrage of macro numbers likely this week, markets would be reacting more frequently than ever. Here are four key events of the week: Australia...
Climate Change Commission delivers final report to New Zealand Government
May 31, 2021 12:27 PM AEST| By SonalSummary Climate Change Commission will give the final plan to cut carbon emissions to NZ government on Monday. Over 15k submissions have been made on the Commission’s draft advice given in January. Government would require adapting an el.....
Will China Take Centrestage in Talks Between Scott Morrison and Jacinda Ardern?
May 31, 2021 12:07 PM AEST| By ManikaAustralia's Prime Minister Scott Morrison is visiting New Zealand from Sunday for high-level talks with its neighbouring country after New Zealand signaled that it was backing Australia in its dispute with China on barley tariffs. &n.....
What has the COVID-19 pandemic taught us? A look at five key lessons
May 30, 2021 12:41 AM AEST| By Tripti JoshiSummary The ongoing global COVID-19 crisis has underlined the requirement of international collaboration to combat any global pandemic. Social distancing has become a buzzword worldwide, with the importance of practising hygiene highlighted mor.....
E-Mobility firm Tritium to list on Nasdaq: Here’s all you need to know
May 30, 2021 12:26 AM AEST| By Chitranjan KumarAustralian electric vehicle fast-charger Tritium has decided to go public in the United States through a special purpose acquisition company (SPAC) route, valuing the company at US$1.2 billion (AU$1.55 billion). .....
US Stocks Rise On Budget Hopes, Inflation Data
May 29, 2021 07:35 AM AEST| By Team Kalkine MediaAll benchmark US indices closed the week with modest gains on Friday as investors weighed the Federal Reserve’s new inflation data and President Joe Biden’s first federal fiscal budget for 2022. The S&P 500 was up 0.08% to 4,204.11....
Where will you get Cash Prize Money to get Vaccinated?
May 28, 2021 07:17 PM AEST| By Kiara KhannaCalifornia has announced one of the most luring vaccination lottery program called VAX FOR THE WIN today. Governor of California Gavin Newson revealed the state vaccine lottery of more than 116 million dollars in cash prizes to fully vaccinated Cal.....
Australia Rich List 2021: Gina Rinehart grabs the top spot for the second year on the trot
May 28, 2021 07:13 PM AEST| By Tripti JoshiSummary The collective net worth of the Top 200 wealthiest Australians rose AU$479.6 billion in 2021, despite the impact of the COVID-19 pandemic. Mining magnate Gina Rinehart once again holds the crown of Australia’s richest person, with.....
APAC markets rally on Wall Street cues, ASX200 rises 1.16%
May 28, 2021 03:33 PM AEST| By Furquan MoharkanSummary Asian markets rally, following cues from Wall Street. Japan leads the rally with 2.11%. Australia is the third best performer in the region. The equity markets in the Asia-Pacific (APAC) rallied on Friday morning on the back of st.....
Victoria Declares Week-Long Lockdown, Kiwi Travellers Concerned
May 28, 2021 01:50 PM AEST| By RomaSummary Week’s Lockdown declared in Victoria. Kiwis urged to stay put and follow guidelines. Travellers from Melbourne asked to isolate in NZ. A recent update says there is going to be a weeklong lockdown in Victoria, and this.....
Africa’s predicament: WHO says the continent needs 20mn vaccine jabs urgently
May 28, 2021 01:21 PM AEST| By Tripti JoshiCOVID-19 vaccination campaigns across Africa are facing significant delays because of Oxford-AstraZeneca’s COVID-19 vaccine export ban imposed by India as the country grapples with the rapidly spreading strains of coronavirus. Oxford-As.....
NZ raise Concerns over growing Dependence on the Chinese market
May 28, 2021 11:15 AM AEST| By Jasmine AnandThe Jacinda Ardern-led government does not want to take the nation to a trade conflict with China; the same that one can witness between its neighbouring country, Australia, and China in the current times. Source: © Nionx | Megapixl.com Ne.....
New ‘meme stock’? AMC Entertainment’s shares surge
May 28, 2021 10:48 AM AEST| By Furquan MoharkanThe shares of American movie theater chain, AMC Entertainment Holdings Inc (NYSE:AMC), surged 47% on Thursday, as speculative trading by Reddit-obsessed day traders spiked. However, at the end of day’s trade, it closed at US$26.52 a piece &n.....
US Markets Gain As Industrial, Financial Stocks Advance
May 28, 2021 08:37 AM AEST| By Team Kalkine MediaUS stock markets saw significant gains on Thursday, May 27, after new economic data lifted investors’ spirits, with the S&P 500 gaining back over 80% of its losses since March 2020. The S&P 500 was up 0.12% to 4,200.88. The Dow Jones I...
APAC markets mostly open in red; ASX200 flat
May 27, 2021 12:39 PM AEST| By Furquan MoharkanSummary Most APAC markets have opened in the red. ASX200 opens flat in green. China macros disappoint. Most of the equity markets across the Asia Pacific region were trading in the red on Thursday, as Chinese industrial profits data showe.....
Pepin Island’s Ownership Comes Back to a New Zealander
May 27, 2021 12:19 PM AEST| By Jasmine AnandSummary Pepin Island has been sold to a NZ buyer, details, and sale price of which are confidential. Previous owners did a lot of work for preserving its ecological properties, the new buyer to follow the same. It is one of the world’s b.....
China’s Inner Mongolia doubles down on Bitcoin ban, outlines punishments
May 27, 2021 12:05 PM AEST| By Furquan MoharkanChinese autonomous region of Inner Mongolia region is planning to further crack down on cryptocurrencies by proposing punishments for companies and individuals involved in digital currency mining. The administrative body of the region -- Inner Mon.....
Move over Bezos & Musk, the world has a new richest man - Bernard Arnault
May 27, 2021 12:01 PM AEST| By Team Kalkine MediaStirred up by the pandemic, the word volatility has been trending across all areas of life and business. The Forbes’ Real Time Billionaires rankings, too, are living the sways as this week saw fashion tycoon Bernard Arnault moving past Elon M.....
New Zealand replaces Provincial Growth Fund with a Smaller Fund
May 27, 2021 11:53 AM AEST| By SonalSummary The New Zealand government replaced Provincial Growth Fund with a smaller fund. The fund will provide seed funding for regional projects. The process would help regions to conquer long-standing issues. The New Zealand Government i.....
Was COVID-19 virus leaked from Wuhan lab? Biden seeks detailed report
May 27, 2021 10:54 AM AEST| By Furquan MoharkanUS President Joe Biden has upped the ante on investigation into the origins of the COVID-19 pandemic, ordering the US intelligence officials to conduct a detailed probe and report back in 90 days. The earlier investigation has zeroed in on tw.....
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