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GM Expects Strong First Half; Uber Cuts Q1 Loss On Food Delivery Growth
May 06, 2021 10:44 AM AEST| By Team Kalkine MediaSummary GM CEO Mary Barra said the company anticipates a strong first half with adjusted EBIT around US$5.5 billion. Uber’s gross booking in food delivery jumped 166 percent year over year to US$12.5 billion. General Motors Company (.....
Uber, Lyft Stocks Tumble As Biden Scraps Trump-Era Gig Worker Rule
May 06, 2021 09:48 AM AEST| By Team Kalkine MediaSummary Defending the decision, Labor Secretary Marty Walsh said the new policy would help protect essential workers' rights. Uber was down 3.42% to US$51.18, Lyft tumbled 6.34% to US$52.63, and DoorDash declined 5.05% to US$128.39 at the marke.....
ANTG Becomes The First Aussie Company To Export Medicinal Cannabis To NZ
May 06, 2021 06:00 AM AEST| By Team Kalkine MediaSummary Australian Natural Therapeutics Group enters a partnership with NUBU Pharmaceuticals to ship medicinal cannabis flower to New Zealand. The agreement would boost the Trans-Tasman relationship. ANTG's products confirm the global norms of.....
Hang Seng, ASX 200 top gainers in APAC; Taiwan indices tumble
May 05, 2021 01:28 PM AEST| By Furquan MoharkanSummary Hang Seng, ASX outperform APAC. Taiwan indices are the worst-hit. China, Japan markets remain closed on Wednesday. Australian benchmark index ASX200 and Hong Kong’s Hang Seng Index were the largest gainers in the Asia-Pacifi.....
High-decibel chorus for national lockdown fails to sway Modi
May 05, 2021 01:23 PM AEST| By Furquan MoharkanThe calls for nationwide lockdown in India have gained momentum as surging COVID-19 cases and deaths have shattered the country and crippled its health care system. However, Indian Prime Minister Narendra Modi seems to be looking the other way and .....
BNPL Giant Klarna Enters New Zealand Market, Promises Smooth Customer Shopping Experience
May 05, 2021 09:41 AM AEST| By Team Kalkine MediaSummary Buy-Now-Pay-Later schemes are booming amid the coronavirus pandemic. With varied payment options, customers can now even make big purchases. Klarna, BNPL company has launched its services in the New Zealand market. Amid the corona.....
10 Things to Know About Digital Artwork and NFTs
May 05, 2021 03:00 AM AEST| By Team Kalkine MediaSummary NFTs are the latest craze in the investment sphere with many turning to the unconventional tool to keep as a collectible. Big brands have associated themselves with the investment tool, more so to use it as a marketing device. NFTs may.....
Why Commodities Index Hit at A Nine-Year High
May 04, 2021 05:07 PM AEST| By Team Kalkine MediaSummary The Bloomberg commodity spot index surged to nine-year high levels amid robust economic recovery. Almost all the commodities are rallying as the economic rebound bolstered their demand. The commodity prices recovered significantly from.....
Unemployment In Urban India Nearing Hit Double-Digit Mark As COVID-19 Crisis Deepens
May 04, 2021 04:16 PM AEST| By Furquan MoharkanThe chances of economic recovery in the world’s second-most populous country – India – look bleak as the unemployment rate in the urban centres in India has touched its highest level in almost eight months – nearing a double.....
New Zealand’s Sauvignon Blanc Wine Has Upped The Game A Few Notches
May 04, 2021 01:36 PM AEST| By RomaSummary Sauvignon Blanc has witnessed a global surge. Wine has performed well through a tumultuous last year. Have a look at what are the best blends this season. Amongst the many sectors that fared well in the past year, wine has done ex.....
It’s splitsville for the Gates: Bill, Melinda end 27-year marriage
May 04, 2021 01:30 PM AEST| By Team Kalkine MediaMicrosoft co-founder and the world's fourth wealthiest person, Bill Gates and his wife Melinda have mutually decided to end their 27-year-long marriage. On Monday, they announced their split on Twitter through identical tweets. A glimpse into what.....
Mixed opening for APAC markets; Japan, China and Thailand on holidays
May 04, 2021 01:06 PM AEST| By Furquan MoharkanThe Asia-Pacific markets were showing mixed trends on Tuesday, even as three major markets – China, Japan, and Thailand – are closed on account of respective national holidays. South Korea’s KOSPI was down 14 basis points despite.....
NZ Productivity Commission to probe immigration policy
May 04, 2021 11:43 AM AEST| By Team Kalkine MediaSummary The Productivity Commission has initiated an investigation into immigration policy settings. The system-wide review will focus on immigration policy as a means of improving productivity in a way that is targeted to aid the overall well-.....
Warren Buffett Names Greg Abel As His Successor at Berkshire Hathaway
May 04, 2021 09:55 AM AEST| By Team Kalkine MediaSummary The 90-year-old business mogul said in a TV interview that if he were to step down, Mr. Greg Abel would take over reins. Buffett, who has been the CEO of the company since 1965, had first discussed the succession plan in a letter to sha.....
Verizon To Sell Media Businesses Including Yahoo, AOL To Apollo For US$5B
May 04, 2021 06:12 AM AEST| By Team Kalkine MediaVerizon Communications Inc. (NYSE: VZ) said May 3 it agreed to sell the company’s media business including Yahoo and AOL to private equity firm Apollo Global Management, Inc. (NYSE: APO) for US$5 billion. The New York-based telecommunication.....
Ardern Announces Two-Way Travel Bubble Between New Zealand, Cook Islands
May 04, 2021 06:00 AM AEST| By Team Kalkine MediaSummary Two-way travel bubble to commence between New Zealand and the Cook Islands from 17 May 2021. The Cook Islands has remained COVID-19-free during the entire coronavirus pandemic. In case of any detection of virus, Kiwis would be repatria.....
Pressure to waive off vaccine IP rights increases as COVID-19 cases continue to rise
May 03, 2021 04:29 PM AEST| By Team Kalkine MediaSummary With the surmounting COVID-19 cases, the developing countries are demanding patent exemptions on items, including vaccines, diagnostic kits, and ventilators, to fight the COVID-19 pandemic. The patent waiver will help emerging nations m.....
Hot EV Stocks: How have they fared in the past year?
May 03, 2021 03:04 PM AEST| By Team Kalkine MediaSummary Electric Vehicle (EV) is the booming sector and offers a huge opportunity for the investors. The shift towards sustainable development is pushing the EV sector. The companies across the globe EV and allied sectors have grown tremendous.....
COVID-19’s deadliest week kills over 93K globally, India remains worst-hit
May 03, 2021 03:02 PM AEST| By Furquan MoharkanThe COVID-19 pandemic has claimed 93,537 lives in last seven days – in what has been the deadliest week since the onset of the pandemic. The weekly fatalities grew by paltry 5%, as COVID-19 took away nine lives every minute across the world .....
NZ PM Hints At Disagreements With China At The China Business Summit
May 03, 2021 02:05 PM AEST| By Team Kalkine MediaSummary Jacinda Ardern at the China Business Summit highlighted the strong trading relationships of China with New Zealand despite disagreement on few issues. NZ maintains an independent foreign policy and works on national interest. Both Arde.....
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