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World news
Will Evergrande debt bomb burst China’s housing bubble?
September 29, 2021 05:19 PM AEST| By Furquan MoharkanOne of the largest debt-laden realtors in the world, Chinese property giant Evergrande is saddled with a debt of nearly US$310 billion, which is 2.1% of the Chinese economy. The Evergrande debt crisis is no less than a ticking time bomb, which is lik...
Airline industry at standstill after COVID-19 delta variant breakout: ACCC
September 29, 2021 05:10 PM AEST| By Sonal GoyalHighlights The breakout of the COVID-19 delta variant resulted in travel restrictions, and it has blown the local airline industry. A significant decrease is reported in the passenger numbers. One of the three flights was cancelled in major Au.....
Australia Post to halt e-commerce parcel services again for five days
September 29, 2021 04:26 PM AEST| By Sonal GoyalHighlights Australia Post will be halting the business lodgements, pickups and collections for 5 days for e-commerce retailers in Melbourne. The firm has been facing a major backlog due to a reduced workforce. This is the second pause in a cou.....
How crypto assets are treated for tax purposes in NZ
September 29, 2021 04:19 PM AEST| By Jasmine AnandThe craze of owning and trading in cryptos is moving at an unprecedented pace. As per reports in 2019, the global cryptocurrency market stood at US$759.0 million and is forecasted to grow by 11.2% CAGR and reach US$1758.0 million by 2027. However,.....
Lukas Kamay – “The worst insider trading case”
September 29, 2021 01:03 PM AEST| By SamtaHighlights Lukas Kamay along with Christopher Hill, misused government data for their fortune. Kamay betrayed both the shareholders and his accomplice. Kamay and Hill used to communicate through burner phones registered to other people. .....
COVID-19 lockdowns hurt Australia retail sales, AU$1.9 billion wiped off in one month
September 29, 2021 12:47 PM AEST| By Furquan MoharkanHighlights Australia’s retail sales have declined for a third consecutive month in August. New South Wales is the worst-hit region in terms of retail sales decline. Experts fear yet another recession in the country Guess what is th.....
What is Amazon Games? Things to know about Amazon Glow, Echo Show 15, Astro
September 29, 2021 12:44 PM AEST| By AshishHighlights Amazon Games is a US video game company and a division of the online retailing company, Amazon. The company focuses on publishing video games developed within its development divisions. Amazon Games “develops games that harnes.....
What is Rapid Antigen Testing? All you should know about it
September 29, 2021 11:13 AM AEST| By Furquan MoharkanA Rapid Antigen Test (RAT) is one of the quickest ways to test if you have COVID-19 infection or not. It is mostly used in situations when a patient needs it for quick clarity. The test is being widely used in the US, European countries, and India. N...
Google dominated Australian online advertising: ACCC
September 28, 2021 08:23 PM AEST| By Sonal GoyalHighlights Australia’s Competition and Consumer Commission (ACCC) released a report on Tuesday which stated that Australia’s digital advertising market is dominated by Google. Advertisers, publishers and consumers are extremely affe.....
Phone Scam explosion in Australia report a loss of A$211 million
September 28, 2021 08:17 PM AEST| By Sonal GoyalHighlights A phone-based scam in which the users receive suspicious voicemails, texts and phone calls to steal personal data has fuelled this year in Australia. ACCC reported loss of AU$211 million this year. For the same period, AU$11,0.....
Aussie Scientists discover new way to save Great Barrier Reef
September 28, 2021 08:10 PM AEST| By Priyanka PayalHighlights In a significant development, Australian scientists have found an innovative way to slow the speed at which rising earth temperatures and warm waters result coral bleaching on the Great Barrier Reef. To form clouds artificially, Aust.....
Google’s dominance and irate watchdogs
September 28, 2021 07:33 PM AEST| By Rini ZachariahAs per the Australian Competition and Consumer Commission's report in Digital Advertising Services, Google was involved in over 90% of ad impressions. The company's dominance was around US$3 billion. What are the concerns pointed out by ACCC? Acc.....
COVID-19: Brisbane put under mandatory mask rule
September 28, 2021 05:32 PM AEST| By SamtaHighlights Queensland health minister announced mandatory rules across Moreton Bay areas and Brisbane. Local Government areas to restrict access to vulnerable facilities again. Health Minister of Queensland urged the Queenslanders to get imm.....
China faces double whammy as power crisis adds to Evergrande woes
September 28, 2021 04:56 PM AEST| By Furquan MoharkanIn a double whammy, the world’s second largest economy – China – has been grappling with a massive power crisis in its north-eastern region, besides battling the fallouts of an inevitable default by the embattled property develope.....
Australia’s COVID-19 curve flattens; total cases cross 100,000 mark
September 28, 2021 04:50 PM AEST| By Furquan MoharkanHighlights The total number of COVID-19 cases in Australia has crossed the 100,000 mark. The curve of fresh infections seems to be flattening across the country. Australia’s vaccination rate is picking up. Australia, which has been .....
Which industries saw a boom amid pandemic?
September 28, 2021 03:26 PM AEST| By SamtaThe lockdown restrictions witnessed a major shift in the consumer spending habits, shifting towards online shopping channels as household consumers in Melbourne and Sydney have spent a lot on gambling, electronic gadgets, and home deliveries during.....
How are Bitcoin, Ethereum’s prices moving amid the Chinese crackdown?
September 28, 2021 03:05 PM AEST| By Jasmine AnandFollowing the ban on all forms of crypto trading in China, which was announced on Friday, the cryptocurrency market witnessed a sharp dip on Friday, as well as on Saturday and then experienced a rise on Monday. Related Read: Binance, Houbi cease o.....
Germany election results denote a shift in global voting pattern
September 28, 2021 12:32 PM AEST| By Furquan MoharkanBallot paper of the German Bundestagswahl 2009 (Bundestag elections). The centre-left party in Germany seems to be set to form the next government. The centre-left Social Democrats (SPD) were on track for 26% of the vote, ahead of 24.5% for Christi...
What caused Sri Lanka to announce a food emergency?
September 28, 2021 05:00 AM AEST| By Toshiva JainHighlights The Sri Lankan government recently announced a food emergency as it ran out of its foreign exchange reserves. The country has been grinding in the loop of inefficient governance, excessive imports, and consistent borrowings. Now, th.....
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Why is Axion crypto grabbing limelight today?
September 27, 2021 06:43 PM AEST| By SamtaHighlights AXN is trading 144.94% higher in the last 24 hours with a trading volume of US$1.48 million. Bitcoin fell by 0.345% on Saturday, following a 4.54% drop on Friday, ending the day at $42,714.0. Buyer can purchase AXN at a discounted r.....
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