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World news
China Leading The World In Wind Energy Market
March 19, 2021 02:39 PM AEDT| By Mark O'Donnelli> Total worldwide wind-energy capacity is set to touch 1000 Gigawatts by 2024. Wind farms were one of the most popular renewable energy projects in 2020. The country building the most wind farm capacity is China. In 2020, China alone managed t...
GameStop Quarterly Earnings Report Due. What Is Next For The Meme Stock?
March 19, 2021 11:31 AM AEDT| By Mark O'DonnellSource: rarrarorro ,Shutterstock Summary GameStop stock has fallen 23.8% since the close of last week Friday’s market session. The gaming retailer’s earnings report for quarter ended January 2021 is due to hit the market next...
US Stocks Tumble Amid Supply Chain Woes, Bond Rally
March 19, 2021 08:25 AM AEDT| By Team Kalkine MediaSource: Creative Stock Studio Shutterstock Summary S&P 500 rose 0.29%, Dow Jones was up 0.58%, and NASDAQ gained 0.40%. HSBC to sell its lossmaking French retail bank to US equity research firm Cerberus Capital. China to invest US$2....
EU Drug Regulator Rules Astra Vaccine Safe After Blood Clot Fears
March 19, 2021 07:58 AM AEDT| By Team Kalkine MediaSource: Juan Roballo, Shutterstock Summary EU drug regulator EMA has ruled the AstraZeneca vaccine safe for use. Several countries, including Germany and France, stopped Astra shots after blood clot fears. The World Health Organization (...
Fintech player SumUp raises capital worth €750m to fund global expansion
March 18, 2021 08:07 PM AEDT| By Team Kalkine MediaSource: Olena Yakobchuk, Shutterstock Summary London-based SumUp has raised a debt of €750 million from existing and new investors. Goldman Sachs, Bain Capital, Temasek and Crestline were the primary investors along with funds managed by...
NHTSA To Investigate Another Tesla Crash Involving Autopilot
March 18, 2021 07:02 PM AEDT| By Suhita PoddarSource: TierneyMJ, Shutterstock Summary The US National Highway Traffic Safety Administration has formed a special crash investigation team to investigate a crash involving Tesla’s Model Y. The car was running on Autopilot in Michigan an...
New Zealand Retains America's Cup Title, What's Next?
March 18, 2021 05:18 PM AEDT| By RomaSource: Steve Todd, Shutterstock Summary Team NZ holds fort at the America’s Cup for the 4th consecutive year. The UK team has been confirmed as a challenger for the next leg of the event. Team NZ to be awarded NZ$5M, talks about the ev...
US Banks’ Increasing Exposure To Chinese Market
March 18, 2021 02:58 PM AEDT| By Mark O'DonnellSource: Mike Flippo ,Shutterstock Summary The Chinese Market is increasingly alluring the world biggest banks. The US and European banks are increasing their exposure to the world’s second-biggest economy. While the Chinese market i...
Carbon Neutral Goal Setting By Multinational Brands
March 18, 2021 01:20 PM AEDT| By Mark O'DonnellSource: PH.MarkoStanojevic ,Shutterstock Several big multinational brands have announced plans to transform their businesses and go carbon neutral. Big brands are beginning to recognise their environmental responsibility and plan to cater to co...
How oil trader Vitol cashed in on 2020 oil glut to score record profit
March 18, 2021 01:15 PM AEDT| By Team Kalkine MediaSource: Oil and Gas Photographer, Shutterstock Summary Commodity trading behemoth Vitol has registered a record profit in 2020. Most of the oil traders booked huge profits in the second half of 2020, capitalising on the market volatility...
Luxury Retail Stocks Paying Off In 2021
March 18, 2021 11:54 AM AEDT| By Mark O'DonnellSource: Mihai_Andritoiu, Shutterstock Summary Luxury retailers have performed surprisingly well over the past year and a half, attracting customers and investors. LVMH has a wide range of products and customer base to weather downturns in...
US Markets End Higher After Fed Statement, Stocks Trim Losses
March 18, 2021 08:40 AM AEDT| By Team Kalkine Mediacan Airlines Group secures $10 billion loan to pay-off its government debts. US stocks edged higher on Wednesday after the Federal Reserve highlighted the growth momentum in the economy and kept the interest rates steady, and tech, consumer cycl...
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Australia sends 8000 vaccines to PNG, requests AstraZeneca to send 1 million more jabs
March 17, 2021 09:05 PM AEDT| By Team Kalkine MediaSource: insta_photos, Shutterstock Summary: Australia has requested AstraZeneca to send one million doses of vaccine to PNG. It will also provide masks, sanitiser, ventilators, gowns, and other essentials. The island has 2,351 confirmed cases,...
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Kiwis Rejoiced St. Patrick’s Day With Policemen On Guard
March 17, 2021 06:53 PM AEDT| By Team Kalkine MediaSource: Ryan McCarrel, Shutterstock Commonly known as the Feast of Saint Patrick, St. Patrick’s Day was celebrated in New Zealand on 17 March. Source: © Shootalot | Megapixl.com St. Patrick’s Day marks the celebration of St. Pat...
New Zealand’s first carbon auction receives massive response
March 17, 2021 06:05 PM AEDT| By SonalSource: Kodda ,Shutterstock Summary NZ’s first auction of emission allowances happened on 17 March. 7 million units were sold in NZ’s first carbon auction. The NZ government made changes to auction process in 2020 as it intro...
Would The Rise In NZ Coal Imports Pose A Threat To Its Low Emissions Goal?
March 17, 2021 12:51 PM AEDT| By Team Kalkine MediaSource:Wojciech Wrzesien, Shutterstock Established in 1993 as the Association of Consumers and Taxpayers, ACT’s representative Simon Court opined that the agency feels mocked every time when the NZ government claims of working towards a carbon...
Electric Revolution For European Automakers In The Next Decade
March 17, 2021 11:55 AM AEDT| By Mark O'DonnellSource: temp-64GTX, Shutterstock Summary Public and investor sentiment indicates that EVs would be the future of private transport. Government regulations coming into force worldwide is helping to accelerate the adoption of EVs and forcin...
US Stocks End Mixed Ahead Of Key Fed Meeting
March 17, 2021 08:57 AM AEDT| By Team Kalkine MediaSource:Chaiyapak Mankannan, Shutterstock Summary S&P 500 dropped 0.16%, Dow Jones ticked down 0.39%, and NASDAQ gained 0.09%. Technology, utilities, and real estate stocks edged higher amid a lacklustre session. Nokia to layoff at least 1...
Australian & NZ Dollars Hold Up Ahead of Fed’s Monetary Policy Meeting
March 16, 2021 06:23 PM AEDT| By ManikaSource: wutzkohphoto, Shutterstock Summary Fed’s monetary policy stance to have an influence on the currency market. Currency market investors are on the wait-and-watch mode. In the past weeks, several currencies have shown weakness aga...
Australian farmers get a boost as Asahi set to buy barley directly
March 16, 2021 05:57 PM AEDT| By Team Kalkine MediaSource: Stef Oostvogels, Shutterstock Summary More than 90 percent of Asahi's barley will be supplied directly by Australian farmers to meet quality and sustainability requirements of the company. Asahi will set some quality parameters for bar...
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