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Chinese suspension of Didi app weighs on APAC markets
July 05, 2021 03:26 PM AEST| By Furquan MoharkanThe equity markets in Asia Pacific (APAC) region started the week on a mixed note as investors eagerly awaited the outcome of the OPEC+ meeting. The markets in APAC were also hit after China suspended Softbank-backed Didi app from play stores allegin...
ATO warns Aussie crypto investors it won’t play “Hide and Seek”
July 05, 2021 02:37 PM AEST| By Daniel Paul JohnsSummary The Australian Tax Office (ATO) has revealed they have an extended partnership, until 2023, with cryptocurrency exchanges, requiring them to submit all their trading data. ATO assistant commissioner Tim Loh disclosed that over 550,000 A.....
India’s youngest telco is making it big globally
July 05, 2021 11:57 AM AEST| By Furquan MoharkanIn mid-2016, the Indian telecom sector was taken by storm as Reliance Industries Ltd (RIL) had launched its telecom service nationwide, and the charges were cheap, rather very cheap. To add to it, the company, using its well-established infrastructur...
Semiconductor chips shortages impact June’s sales figure of Ford Motors
July 04, 2021 06:16 PM AEST| By Nitish KumarSummary Ford Motor reported sales of 475,327 vehicles during the June quarter, up by 9.6% from PCP. The U.S automaker had set a sales target of 519,007 vehicles for the second quarter. The global semiconductor chip shortage led to significant .....
‘Fire in the Ocean’- a major fire breakout in GOM after an underwater pipeline leak
July 04, 2021 06:05 PM AEST| By Nitish KumarSummary An ‘eye of fire’ video goes viral on social media, arouses creativity among the memers who spewed hundreds of memes within a few hours. Gas leakage in the underwater pipeline of PEMEX leads to a massive fire on the ocean wat.....
After Colonial, Another U.S Tech giant hit by ransomware; Kaseya forced to shut
July 04, 2021 03:50 PM AEST| By Nitish KumarSummary On Saturday, the world witnessed one of the largest cyber-attacks on a U.S tech service provider. The U.S service provider Kaseya was hit by ransomware which infected the desktop management system of the company. Kaseya in its statemen.....
Emotional health is paramount to your overall happiness: Here’s why
July 04, 2021 12:15 PM AEST| By Team Kalkine MediaSummary Symptoms of emotional health crisis may include sleep disorders, avoidance of friends and family, conflicts in relationships, substance abuse, and eating disorders. Thus, mental illness is closely tied to an individual’s emotional.....
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Why UN thinks blockchain technology can help fight climate change?
July 04, 2021 11:10 AM AEST| By Team Kalkine MediaSummary Recognizing its immense disruptive potential and benefits to society in a recent article, the UN revealed how blockchain helped the organization fast-track delivery of emergency funds. Blockchain can expedite climate action in three way.....
What does Sustainable Fashion and Clothing mean?
July 04, 2021 09:16 AM AEST| By Kamalika GhoshSummary Sustainable fashion can be defined as clothing designed, manufactured, distributed, and used in ways that are environmentally friendly. The fashion industry follows a linear model: take, make, dispose, which is very much against the co.....
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UK on course to strengthen international trade as an independent nation
July 04, 2021 12:19 AM AEST| By Suhita PoddarSummary Of late, the government has been apparently working on a slew of measures that can bolster the trade prospects of the UK as an independent nation. The government, alongside the trade bodies and respective departments, have duly supporte.....
Famous five of business this week (June 28- July 2)
July 03, 2021 09:27 AM AEST| By Suhita PoddarBinance The UK’s Financial Conduct Authority (FCA) banned the major Cryptocurrency exchange Binance for conducting its regular activities in the UK. The UK’s watchdog did not clarify the exact reason for banning Binance but said that.....
Weekly roundup of FTSE 100 risers and fallers (June 28 - 2 July)
July 03, 2021 09:12 AM AEST| By Kamalika GhoshFTSE 100 remained range-bound in the week ended 2 July. Here we are giving the roundup of gainers and losers of every day during the passing week. 28 June 2021: MONDAY Top riser: AstraZeneca Plc (LON: AZN): Pharmaceutical giant closed at GBX 8,6...
US stocks close higher on June employment data
July 03, 2021 07:28 AM AEST| By Sanjeeb BaruahAll major US stock markets closed the week on a positive note on Friday, July 2, as investor sentiments were boosted by the Labor Department’s June employment data. The S&P 500 was up 0.75% to 4,352.34. The Dow Jones gained 0.44% to 34,786...
US equities inched higher after 850,000 jobs were added in June; FTSE 100 down 0.03%
July 03, 2021 04:34 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 19.01 points or 0.44 per cent higher at 4,338.95, Dow Jones Industrial Average Index surged by 114.79 points or 0.33 per cent higher at 34,7...
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FTSE 100 stumbles as PHE reports weekly rise of 46% in Delta variant cases
July 03, 2021 01:25 AM AEST| By AbhijeetSummary FTSE 100 lacklustre after PHE reported an increase of 46% in Delta variant cases Further, the subdued start to the Wall Street dampened the sentiments The total Delta variant cases now stand at 161,981 UK shares were the vic.....
New Right-to-Repair Standard for the UK in Action
July 03, 2021 01:19 AM AEST| By Kamalika GhoshSummary UK’s new right-to-repair standard came into force from 1 July. As per the new rules, now manufacturers of white goods are required to make spare parts of electrical appliances available. These rules will increase the life span of.....
What are technically advanced cryptocurrencies? Which is the most prominent digital currency?
July 03, 2021 12:56 AM AEST| By Jasmine AnandSummary Cryptocurrencies are the latest addition in the world of digitisation and are changing the payment methods across the globe. Some of the most technologically advanced cryptocurrencies are equipped with the latest innovative features, wh.....
What are Stablecoins? Are they more stable than Bitcoins?
July 03, 2021 12:25 AM AEST| By AayushSummary The main purpose of introducing stablecoins is to manage the extreme price volatility by tracking the issues of relatively more stable asset classes. Being backed by real assets, their price volatility is quite subdued, making them cons.....
How is AI lifting mental well- being?
July 03, 2021 12:15 AM AEST| By Team Kalkine MediaSummary Artificial Intelligence has become the buzzword in all facets of life. Its use in the fitness space is increasing day by day. It is not just helping track physical fitness but uses for mental well-being are also getting explored....
Global minimum corporate tax of 15% to give countries right to tax profits over $100 billion
July 02, 2021 08:27 PM AEST| By Kamalika GhoshSummary The US’ proposal for a minimum level of global corporate tax has found the backing of 130 nations. A proposal for charging a 15% minimum corporate tax has been backed by these nations. The US has been trying to tighten the noose .....
