News

Why has IEA slashed 2021 oil demand forecast?

The oil industry has been on a roller coaster ride since last year. Experiencing gloomy days, the prices of WTI crude oil dipped to negative levels in...

Doge Vs Shiba: A Meme War Is Underway In Crypto Space

While Dogecoin investors, aka Dogearmy, stand divided on Elon Musk describing the token as a “hustle” during his performance in the Saturd...

How could the red-hot iron ore rally benefit investors?

Summary Iron ore prices have registered a record rally in recent weeks, with prices surging to record high levels. A robust economic recovery in t...

Bears grip APAC markets on inflation woes

The bears seem to have gripped the Asia Pacific (APAC) markets for the second day on the trot, driven by the fears of rate hikes by the central banks....

Wright or Wrong? The Curious Case of The Self-Proclaimed Bitcoin Cre...

Summary Australian computer programmer and entrepreneur Dr Craig Wright has once again had a court case postponed to November. In one of several l...

Bitcoin crashes as Tesla does a U-turn on the largest crypto

The Palo Alto-headquartered electric vehicle maker Tesla Inc (NASDAQ: TSLA) will stop using Bitcoin as payment mode for car purchases, CEO Elon Musk h...

COVID-19 continues to hammer India; global cases decline

The spread of the COVID-19 pandemic in India continues to test the limits of the country’s healthcare system, even as the global situation has v...

Amazon Dodges US$300 Million EU Tax Order

Summary European judges noted that the European Commission failed to show proof of preferential treatment to Amazon by Luxembourg. European Commis...

US Consumer Prices Rise By 4.2%, The Fastest Pace Since 2008

The US Consumer Price Index (CPI), a key gauge for changes in commodity and services prices, rose 4.2% in April, compared to the same period a year ag...

SoftBank Posts US$46bn Annual Profit, Highest By A Japanese Company

Summary SoftBank's full-year net profit soared to 4.99 trillion yen or US$46 billion, the highest for any Japanese company to date. SoftBank's pro...

Now Google Pay Users In US Can Send Money To India, Singapore

Summary It is Google’s first foray into the US$470 billion global remittance market. The payment can only be made between two individuals, a...

Metcash! Australia Spares Tobacco Tax Hike in Federal Budget

Food & Staples Retailing Metcash Limited (ASX: MTS) reported on Wednesday that its FY22 EBIT is hit by $10 million because the Australian governme...

Bharat Biotech to commence Phase 2/3 trial of its COVID-19 vaccine o...

India-based Bharat Biotech will evaluate its COVID-19 vaccine in a Phase 2/3 clinical trial on children in the 2-18 age group. According to PTI report...

Ether Hits Fresh All-Time High, Up 12%

Ethereum’s crypto token surpassed the US$ 4.3K-mark for the first time on Wednesday (2:45AM EST), May 12, days after achieving the US$ 4K milest...

The New Crypto on the Block Bursts onto the Scene

Summary A new cryptocurrency, called Internet Computer, debuted on Monday, achieving a market value of US$45 billion, making it the eighth-largest...

Federal Budget 2021-22: An Attempt to Uplift Australian Women

Summary Federal Government's 2021-22 Budget holds special significance for women, aimed at improving their safety, living standards and career pros...

Why is oil & gas industry seeing red over federal budget?

Summary The Australian government has allocated A$1.8 billion in the federal budget towards energy sector development. The budget is primarily foc...

APAC markets in red; Nissan shares crash 13%

All the share markets in the Asia-Pacific (APAC) region were trading in red on Wednesday, as concerns over growing inflation spooked investors. The s...

Why is Clean Energy Council not pleased with federal budget?

Summary The Clean Energy Council has highlighted the Federal Budget allocation to the renewable energy sector as a missed opportunity. Allocation...

Federal Budget: Tech shares roar as Govt moves to bridge skills gap

In his Federal Budget speech, Australian Treasurer Josh Frydenberg said that the Scott Morrison-led Liberal Party government would be investing AU$1.2...