The central bank of New Zealand has reportedly stated that one of its data systems has been breached by an unknown hacker who probably accessed personally as well as commercially sensitive information. According to the official statement of the Wellington-based bank, the third party file service used by the Reserve Bank of New Zealand to store as well as share sensitive information had been accessed unlawfully. Adrian Orr, Governor at Reserve Bank of New Zealand, stated that the breach has been controlled. The main functions of the bank c

U.S.-based multinational vaccine development organization Novavax Inc. has reportedly initiated an Advance Purchase Agreement with the Commonwealth of Australia for the supply of over 51 million doses of its COVID-19 vaccine, NVX-CoV2373. This contract trails an agreement in principle which was announced in November 2020, cited sources with relevant information. For the uninitiated, NVX-CoV2373 is a protein-based vaccine developed from the genetic sequence of SARS-CoV-2. The drug was engineered using Novavax’s recombinant nanoparticle technology and is adjuvant with th

Bluenet Technologies Inc., a leading provider of technology, testing, data & analytics, and managed services to businesses, has reportedly rebranded itself as Blue.cloud, altogether with a new website and logo. Sources with knowledge of the matter stated that the move comes along the heels of increasing demand for the firm’s cloud services from various Fortune 500 companies such as JLL, Charles Schwab, FedEx, and HSBC among others. Blue.cloud represents the "cloud-only" strategic focus of the organization and defines i

E-commerce giant Amazon has reportedly announced that it is planning to allocate over $2 billion for building and preserving 20,000 affordable houses in three of its prominent employment areas namely the Seattle region, Arlington, Virginia, and Nashville, Tennessee. According to the sources of knowledge, the Housing Equity Fund will provide capital at lesser rates than the market in terms of grants, low-cost loans, and lines of credit for supporting families earning between 30% and 80% of the median income across each area. In addition, this funding will provide $125 million

The NYSE (New York Stock Exchange) would reportedly delist three stocks of Chinese telecommunication companies from the exchange to obey an executive order given by the Trump administration, its second decision reversal of the week regarding this issue. In its latest decision, NYSE sated that on 11th January, it would end trading of shares in China Unicom (CHU), China Telecom (CHA), and China Mobile (CHL). The move comes after U.S. President Donald Trump prohibited Americans from investing in corporations that the United States Government alleged are either contro

Pokémon GO developer, Niantic, has reportedly purchased a small San Francisco gaming startup, creating a league and tournament organization platform to aid gamers form their own communities around famous titles. The gaming platform, Mayhem was in the 2018 winter batch of Y Combinator, and raised nearly $5.7 million in funding. Other sponsors include Accel, which led the Mayhem’s Series A in 2018, NextGen Venture Partners and Afore Capital. The focus of Mayhem has shifted since its early YC debut, when it unveiled a service na

Novel registrations for cars in UK have dropped down to their lowest level in around three decades for 2020. According to the Society for Motor Manufacturers and Traders, it was the biggest annual slump since the Second World War, when factories were being transformed to focus on military production.  Only 1.63 million new cars were registered in 2020, in comparison to 2019 where nearly 2.3 million cars were registered, showcasing a drop of 29%. Most of the lost sales happened during the first lockdown imposed in Spring, when car sho

In a bid to reverse a decision taken four days earlier, the New York Stock Exchange has reportedly announced that it will no longer delist three China-based telecom giants, China Unicom, China Telecom, and China Mobile. The stock exchange has apparently dropped its plans after consulting the regulatory authorities connected with the Office of Foreign Assets Control. While sources knowledgeable of the matter observed a recovery in the Hong Kong-listed shares of the three companies, prominent stock index giants such as FTSE Russell, MSCI, and S&P Dow Jones Indices, and the

Qantas, Australia’s largest airline, has reportedly brought forward the sale of international flight ticket by two months as there are emerging expectations that international travel would start sooner than projected. Qantas earlier suspended flights to the UK and the U.S. up till October, however it has brought forward the date to 1st July 2021 since production of various COVID-19 vaccines is increasing. Around $1.6 million of funding from Federal Government has been given to a Melbourne-based trial of a coronavirus vacc