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World news
Major events to watch in 2022
January 04, 2022 05:21 PM AEDT| By Akanksha VashishtHighlights Some pathbreaking developments occurred in 2021, including the metaverse and booming cryptocurrency investments. Higher regulation can be expected in the crypto and BNPL payment segments, while energy prices could rise further. Auth.....
Will Metaverse change the travel industry in 2022?
January 04, 2022 02:59 PM AEDT| By Toshiva JainThe world is transforming at a fast pace. The work culture, social gatherings, business trips, everything has drastically changed; thanks to the COVID-19 pandemic. Humans are in the process of building a great civilisation and in this journey, the .....
Five books every investor should read in 2022!
January 04, 2022 02:41 PM AEDT| By Toshiva JainHighlights There is one thing common among the top investors of today: the habit of reading. People aspiring to make progress in the investment world in 2022 should know the books to pick to frame the right mindset to embark on a beautiful inve.....
Household savings led to a strong housing market: Corelogic
December 31, 2021 05:33 PM AEDT| By Priyanka PayalHighlights Home values in Melbourne have declined by 0.10%. According to CoreLogic, in just 12 months starting from November end of 2020, residential real estate's estimated value in Australia had pushed from AU$7.2 trillion to AU$9.4 tri.....
China hikes import quota for Australian wool
December 31, 2021 03:52 PM AEDT| By Priyanka PayalHighlights Beijing has fixed its import quota for Australian wool at 40,203 tonnes for 2022, increasing from 38,288 tonnes a year earlier. Beijing has imposed a ban on certain Australian products like coal, log timber, lobsters, and cotton and .....
Apple vs Meta
December 31, 2021 01:02 PM AEDT| By Daniel Paul JohnsHighlights Apple have incentivised their top engineers in silicon design, hardware and software by offering them restricted stock units While Meta has nabbed some one hundred employees directly from Apple, Apple have also enticed several Meta e.....
US stocks retreat after jobless claims data
December 31, 2021 09:46 AM AEDT| By Versha JainBenchmark US indices closed in the red on Thursday, December 30, after the latest labor data showed the first-time unemployment benefits claims declined last week. The S&P 500 declined 0.30% to 4,778.73. The Dow Jones fell 0.25% to 36,398...
South-Australia's govt approves A$2.3B power interconnector between NSW and SA
December 31, 2021 05:39 AM AEDT| By Sonal GoyalHighlights South Australian government has granted environmental approval to the AU$2.3 billion power cable between SA and NSW. The Project Energy Connect will empower AU$20 billion renewable projects. Approval from Commonwealth is pending to .....
Elon Musk quotes William Shakespeare when asked about Bitcoin’s creator
December 31, 2021 05:00 AM AEDT| By Priyanka PayalHighlights Elon Musk stated that he agrees with the widespread belief that cryptocurrency expert Nick Szabo, the man behind Bitgold, might be Satoshi Nakamoto, the mysterious creator of bitcoin. In the year 2014, few linguistic researchers care.....
Russia says its Nord Stream 2 pipelines will stabilise gas prices
December 31, 2021 12:21 AM AEDT| By Priyanka PayalHighlights Russia says that its Nord Stream 2 pipelines are on track with the completion of filling the second pipe with gas. It is alleged that the project is not complying with European law. The Nord Stream 2 gas pipeline is seen as a danger.....
What is Elon Musk's plan for paying A$11 billion in taxes?
December 30, 2021 09:55 PM AEDT| By Aditi SahaHighlights Elon Musk, world's richest person with a fortune estimated at US$243 billion, recently tweeted that he will pay US$11 billion in taxes this year. Musk's tax declaration came after a series of spats with Democratic lawmakers, no.....
Thousands of flights cancelled globally as omicron spreads its tentacles
December 30, 2021 04:52 PM AEDT| By Toshiva JainHighlights As Christmas hit, thousands of flights have been cancelled globally. Because of the sudden surge in the COVID-19 cases globally, inflicted by the new variant: Omicron, the aviation industry is facing a workforce shortage. Various US.....
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Adani heads for coal export from controversial Carmichael mine
December 30, 2021 04:14 PM AEDT| By Sukriti NairHighlights Adani’s Australian mining arm will soon ship coal from North Queensland export terminal. The clearance comes amid continuing protests and years of fierce campaigning from environmental and native g.....
Is Dovetail one of Australia’s hottest startups?
December 30, 2021 02:29 PM AEDT| By Priyanka PayalHighlights Customer analytics startup, Dovetail is viewed as one of the hottest startups in the Country. It is anticipated that the Company has raised a significant new funding round of approximately AU$86 million in just over four years of its.....
Omicron dominates news buzz, how are Aussie, NZ dollars doing?
December 29, 2021 05:39 PM AEDT| By Sukriti NairHighlights Lack of trading activity and economic data is making Omicron the market influencer. The fast-spreading virus and global restrictions are clouding the Australian economic outlook at present. Coronavirus cases are peaking all arou.....
New Year’s Eve weather forecast delivers mixed bag across Australia
December 29, 2021 04:54 PM AEDT| By SamtaHighlights BOM issued critical weather warnings for Eastern Asia at New Year’s Eve. Melbourne can hit 38C, making it the second hottest day in 2021. Fire services will work as per events following the severe heatwave warnings .....
10 biggest scientific breakthroughs in 2021
December 26, 2021 12:52 AM AEDT| By Sanjeeb BaruahHighlights Researchers have made a ground-breaking discovery that can help people with paralysis to control their robotic limbs and wheelchair just by thinking about moving their bodies. On Nov 21, NASA’s Parker Solar Probe completed a re.....
Morrison Govt announces A$100M funds for energy storage projects
December 24, 2021 07:30 PM AEDT| By SamtaHighlights The Australian Renewable Energy Agency will be allocating AU$100 million to support large scale energy storage projects in Australia. Federal Government is working along with the private sector to keep the energy projects. The fundi.....
Omicron fears get flights cancelled
December 24, 2021 05:18 PM AEDT| By Aditi SahaHighlights Thousands of Australians' Christmas eve travel plans are in shambles, and many will be unable to fly to their destinations to celebrate the holiday. Airline staff Covid exposures and close contact rules resulted in the cancellation o.....
Aussies to shop worth A$8.2B via online platforms this Christmas
December 24, 2021 04:16 PM AEDT| By Sonal GoyalHighlights The National Retail Association predicts that AU$8.2 billion worth sales will be done this Christmas season through online platforms. The total value of sales will be around AU$60.8 billion from 15 November till Christmas. The sales.....
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