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World news
Aurizon’s (ASX:AZJ) A$2.35B One Rail acquisition under ACCC scanner
December 07, 2021 05:50 PM AEDT| By Priyanka PayalHighlights Australian Competition and Consumer Commission (ACCC) seeks answer to a list of 21 questions concerning the AU$2.35 billion acquisition of One Rail Australia (ORA) by rail freight giant Aurizon. The competition regulator asks whether.....
China’s Evergrande hits 11-year low failing to repay creditors
December 07, 2021 04:49 PM AEDT| By SamtaHighlights Chinese real estate firm Evergrande Group fails to repay creditors. Evergrande shares fell 20% on Monday after the Company announced it cannot guarantee enough funds to meet its financial obligations. The ailing Chinese develo.....
Will the Wuhan-born coronavirus continue to impact our lives in 2022?
December 07, 2021 04:36 PM AEDT| By Kiara KhannaWhen will Covid-19 end? When will life come back to normal? Will we ever get rid of the masks and the fear that this pandemic has induced upon us in the last two years? There are numerable questions around coronavirus with no definite answer insight....
Growing club of Indian executives running global tech giants
December 04, 2021 01:06 AM AEDT| By ManishaHighlights Indian-origin persons are holding the top-most posts at several global tech companies. The latest addition to the long list of Indian CEOs is Parag Agrawal, Twitter’s new CEO. Some other names continue to inspire many In.....
Tennis Australia annual reports shows over AU$100M loss for FY20-21
December 03, 2021 09:13 PM AEDT| By Sonal GoyalHighlights Tennis Australia faced the loss of AU$100 million, as indicated in the 2021 annual report of the body. COVID-19 is the primary reason behind the loss. Tennis Australia's cash reserves of $80 million were depleted. Like the rest.....
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Didi: Why this Chinese ride-hailing giant wants to delist from NYSE?
December 03, 2021 08:18 PM AEDT| By Sreenivas D AjankarHighlights Chinese ride-hailing service provider Didi Chuxing said on Friday that it plans to delist its stock from the New York Stock Exchange. The company’s decision to delist its shares has come within six months of listing follo.....
Tech giants under Morrison government scanner over user safety
December 02, 2021 08:36 PM AEDT| By SamtaHighlights Australia raises the possibility of more legislation on the tech giants with a new inquiry. The committee lawmakers will investigate the algorithms used by the social media platforms. Morrison said big tech companies have big questi.....
Australian healthcare startup Harrison.ai raises A$129M
December 02, 2021 01:21 PM AEDT| By Priyanka PayalHighlights Australian Healthcare startup Harrison.ai successfully raises AU$129 million to accelerate in one of the Country’s largest-ever Series B funding rounds. ai has also announced a fresh partnership with Sonic Healthcare (ASX:SHL) .....
Virgin Australia reports A$3.7B profit; first in 10-years of history
December 01, 2021 07:16 PM AEDT| By Sukriti NairHighlights Virgin Australia reports billion-dollar profit in FY21. An unexpected profit is grabbing all the attention to its previously loss-making business. In its first since 2012, Virgin Australia has reported an AU$3.7 billion after-ta.....
Vinomofo buys Revel events to bring new food and wine shows
December 01, 2021 05:16 PM AEDT| By Sukriti NairHighlights Vinomofo acquires Revel events. Expectations are of a rise in food and wine events, with restriction easing. Online wine retailer Vinomofo has acquired Melbourne-based event company Revel. The acquisition decision builds on Vino.....
Aussie designer sues pop star Katy Perry over trademark infringement
December 01, 2021 02:10 PM AEDT| By Priyanka PayalHighlights A lawsuit has been filed against American Singer Katy Perry. Australian designer Katie Jane Taylor, with her maiden name Katie Perry, has alleged that the American pop star has infringed her trademark. The case will be heard in the .....
How can distributed cloud adoption support businesses in coming days?
December 01, 2021 01:58 PM AEDT| By Sonal SinhaHighlights Distributed cloud is an architecture where several clouds are used to meet compliance needs, performance requirements and support edge computing. Distributed cloud is cost-efficient, easy to implement, and has auto-update features. .....
EnGeneIC strikes historic deal with ImmunityBio
December 01, 2021 01:02 PM AEDT| By Priyanka PayalHighlights Australian biopharma firm EnGeneIC strikes a deal to grant US-based Biotech giant ImmunityBio, an exclusive license for nano cell technology for anti-cancer drugs and COVID-19 vaccines. Post this announcement, shares of ImmunityBio I.....
World in panic mode as Omicron arrives
November 28, 2021 11:18 PM AEDT| By AkshayHighlights Omicron has made its way to the UK, Germany, Italy, Israel, Belgium and Hong Kong. WHO has classified the new infection as a “variant of concern”. Omicron or B.1.1.529 strain was first confirmed from a sample collected o.....
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Australia’s depressing climate record comes under COP26 spotlight
November 26, 2021 09:43 PM AEDT| By SamtaHighlights Australia’s depressing climate record has grabbed COP26’ attention on the back of its negligible contribution to fighting the climate crisis. The country has come under the spotlight for not signing onto agreements like &.....
APRA issues final climate change policy guidelines
November 26, 2021 09:36 PM AEDT| By Priyanka PayalHighlights APRA issues final recommendations to help banks, insurers, and superannuation trustees in managing financial risks linked to climate change, without imposing any new rules. The move to a lower-emissions economy leads to financial ris.....
Want to buy a house? Here's a look at the housing market in Australia
November 26, 2021 07:22 PM AEDT| By Priyanka PayalHousing sector is booming in Australia. Who doesn’t want to have a home of their own? However, this seems to be an arduous task in Australia in days to come, given the current rise in property prices. Recently published, ANZ CoreLogic Housing.....
What can threaten Black Friday sales in Australia?
November 26, 2021 12:26 PM AEDT| By Priyanka PayalAt a time when the Country is in the grip of festive fervour and Aussies are busy shopping Christmas presents for their close ones, there appears to be a hiccup amidst this celebratory atmosphere. This is because threats of ad hoc strike at major d.....
Most expensive goat – Marrakesh fetches record $21K in Australia
November 25, 2021 09:22 PM AEDT| By SamtaHighlights The most expensive goat – Marrakesh, hits AU$21,000 record in Australia. Marrakesh went on sale in NSW on Wednesday. Megan Mosley and her partner Andrew purchased the 79-kilogram breeding buck. Marrakesh- a goat in.....
Festive fervour likely to boost Black Friday sales in Australia
November 25, 2021 08:36 PM AEDT| By Priyanka PayalHighlights This year’s Black Friday shopping sales are likely to be the biggest one ever. Aussies spent over AU$5.57 billion in November last year, and this record-breaking number is anticipated to be crossed this time. Australia&r.....
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