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World news
Hyundai And Singtel Sign an MoU On Smart Mobility
March 24, 2021 01:56 PM AEDT| By Team Kalkine MediaSource: Mameraman,Shutterstock Summary Hyundai and Singtel Group have signed an MoU to collaborate on 5G-enabled smart manufacturing & connectivity for electric vehicle battery subscription service. The collaboration would merge Hyund...
US Stocks Slip After Fed Chairman’s Comments
March 24, 2021 08:41 AM AEDT| By Team Kalkine MediaSource:ramcreations, Shutterstock Summary S&P 500 ticked down 0.76%, Dow Jones shed 0.94%, NASDAQ plunged 1.12%. Amazon to sell stake worth US$148 million in food delivery start-up Deliveroo. SoftBank-backed US real estate firm Compass ai...
Apple Inc. hit with a US$308.5 Mn fine for DRM patent infringement
March 23, 2021 01:03 PM AEDT| By Team Kalkine MediaSource: nui7711, Shutterstock Summary Global tech giant Apple Inc. to pay Personalized Media Communications for the infringement of a patent related to DRM (digital rights management). The jurors asked Apple to pay a running royalty depen...
KiwiSaver Simplicity to make investment in social housing
March 23, 2021 12:46 PM AEDT| By SonalSource: Olsa_iv Shutterstock Summary Simplicity has committed NZ$20 million to Aotearoa Pledge, created by Community Finance. Aotearoa Pledge seeks to raise NZ$100 million to build affordable and social housing solutions. Investments hav...
US Markets Edge Higher After Tech, Cyclical Stocks Rally
March 23, 2021 08:43 AM AEDT| By Team Kalkine MediaSource:violetkaipa, Shutterstock Summary S&P 500 gained 0.70%, Dow Jones rose 0.32% and NASDAQ surged 1.23%. Canadian Pacific seals deal to acquire US cargo rail company Kansas City for US$25 billion. The 10-year Treasury bond yields drop...
Auto industry back on track? Detroit 3 posts robust Q4 results
March 22, 2021 07:07 PM AEDT| By Team Kalkine MediaSource:Jenson, Shutterstock Summary The Detroit 3 automakers - Ford Motor, General Motors, and Fiat Chrysler Automobiles - posted robust earnings in their fourth quarter ended 31 December 2020. Ford’s adjusted EPS during the three months...
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Is US FED Also Slipping Into a Liquidity Trap Like the Bank of Japan?
March 22, 2021 07:01 PM AEDT| By ManikaSource: Freedomz, Shutterstock Summary Federal Reserve (Fed) could be getting into a liquidity trap Fed Chairman, Jerome Powell said last week that America is officially trapped below zero After making all the efforts to keep the businesses a...
Railsbank forays into the Australian market with Volt Bank partnership
March 22, 2021 02:22 PM AEDT| By Team Kalkine MediaSource: Dilok Klaisataporn, Shutterstock Summary Banking as a service platform, Railsbank has partnered with Australian Volt Bank to target the country’s embedded finance market. Railsbank would leverage Volt Bank’s BaaS platf...
4 Drone Stocks From Across The World To Watch In 2021
March 22, 2021 01:55 PM AEDT| By Mark O'Donnellwing article details four drone companies working across the breadth of the industry. Drone technology has advanced to the point that serious consideration is being given to its commercial and industrial application. The drone industry is expect...
New Zealand government’s aid to be extended for COVID-19-hit aviation sector
March 22, 2021 01:27 PM AEDT| By SonalSource:Svitlana Hulko, Shutterstock Summary Government has put down an additional NZ$170 million for the aviation sector. The extended support is to maintain international passenger service and keep NZ connected with trade partners. The aviat...
Is Nokia Due For A Comeback In 2021?
March 22, 2021 01:23 PM AEDT| By Mark O'DonnellSource: Arnold O. A. Pinto, Shutterstock Summary Nokia was once a leading technology company that has largely fallen from favour. However, the Finnish technology Company generated €6.568 billion in Q4 2020. Nokia is vying to be a ma...
FedEx Q3 Income Soars 153% As E-Commerce Deliveries Surge
March 21, 2021 07:15 PM AEDT| By Team Kalkine MediaSource: Carlos Yudica, Shutterstock Summary FedEx stocks jumped nearly 133 percent over the past year as the company’s profits grew. Its revenues for Q3 ended February 28, 2021, grew 23 percent to US$21.5 billion. Its average daily pack...
Coinbase Pays US$6.5 Mn Penalty Over False Data Amid IPO Talks
March 21, 2021 07:10 PM AEDT| By Team Kalkine Medialeading data potentially inflated the volume of its digital assets, it noted. Coinbase Global Inc., the world’s largest crypto exchange, has paid a US$6.5 million penalty on charges of falsifying transaction data that may have possibly inf...
Elon Musk Says Tesla May Be Shut Down If Its Cars Spied In China
March 21, 2021 07:05 PM AEDT| By Team Kalkine MediaSource: canadianPhotographer56, Shutterstock Summary Military restricted the use of Tesla cars on military compounds over security concerns. Ban was triggered by fears that Tesla cars might be used to collect military data. China accounted fo...
China's Geely To Launch Premium EV brand To Take On Tesla
March 20, 2021 03:53 PM AEDT| By Team Kalkine MediaSource: Mike Flippo, Shutterstock Summary Geely to roll out premium EV brand Zeekr to compete with Tesla and others. The company to shun dealership model, build own showrooms to sell cars. Its competitors include Tesla, NIO, Volkswagen, Toyot...
WhatsApp, Instagram, Messenger Resume After Brief Global Outage
March 20, 2021 01:48 PM AEDT| By Team Kalkine MediaSource: Rawpixel.com, Shutterstock WhatsApp, Facebook Messenger, and Instagram suffered a brief global outage on Friday, leading to many users resorting to Twitter to air their frustrations. However, the services were resumed shortly after 11:00 pm...
US Stocks Notch Modest Weekly Loss As Bond Yield Retreats
March 20, 2021 01:12 PM AEDT| By Team Kalkine MediaSource: jo.pix, Shutterstock Summary S&P 500 dropped 0.06%, Dow Jones fell 0.71%, and NASDAQ gained 0.76%. Google to spend US$7 billion on offices and data centers, hire 10,000 staff. JPMorgan to purchase US$410 million stake in China Mer...
Will QSuper and Sunsuper’s A$200b Superannuation Fund save money for its members?
March 20, 2021 02:46 AM AEDT| By Team Kalkine MediaSource: simez78, Shutterstock Summary The two funds initiated formal talks regarding the merger in the month of March 2020. The proceedings will commence from September 2021. QSuper is coming up with A$120-billion assets while Sunsuper has A$...
Why Companies Are Opting for Flexible Work Models in The Post-Pandemic World
March 19, 2021 11:24 PM AEDT| By Suhita PoddarSource: SFIO CRACHO, Shutterstock Summary Airline major British Airways said it would continue its flexible remote working structure after lockdown restrictions are eased. The airline is also exploring selling its Waterside HQ as part of...
New Zealand Band Six60 Set to Open Dubai Expo 2020
March 19, 2021 03:33 PM AEDT| By Romaomoting trade and economic recovery are the prime concerns through this endeavour. New Zealand’s top-notch band Six60 will perform at the prestigious Dubai Expo-2020 trade show, a 6-month-long fair. This announcement came from the New Zeal...
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