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Freight trains up & running in South Australia again!
February 15, 2022 07:29 PM AEDT| By Sonal GoyalHighlights The railway line connecting Northern Territory, Adelaide, and Western Australia was closed for more than three weeks. Now, the railway line finally reopened today. The Stuart Highway is open for emergency vehicles, heavy vehicles, l.....
New budget carrier Bonza reveals 25 routes, connecting 16 destinations
February 15, 2022 06:25 PM AEDT| By Bhawna GuptaHighlights Bonza will offer ultra-low-cost fares to major holiday spots and rural communities. The aviation start-up will launch eight aircraft in the first year of its operations. Bonza's first five aircraft will touch 25 routes. Aus.....
Top US official taunts China on trade war with Australia
February 15, 2022 02:30 PM AEDT| By Sonal GoyalHighlights Harsh trade restrictions were introduced by China, with the aim to weaken the Australian economy. However, the trade restrictions backfired on China. US Secretary of State Antony Blinken taunted China in a conversation about a trade.....
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US stocks plunge amid Ukraine fears; SU, MRNA among top losers
February 14, 2022 02:16 PM PST| By Versha JainBenchmark US indices were down for the second consecutive session on Monday, February 14, amid rising Russia-Ukraine tension and lingering fears over Fed’s possible interest rate hikes. The S&P 500 declined 0.38% to 4,401.65. The Dow Jones...
Novavax vaccine now available in Australia - here's how to get it
February 14, 2022 08:13 PM AEDT| By Priyanka PayalHighlights Novavax, a protein vaccine, is now available for Aussies. The vaccine is 90% effective against mild, moderate, and severe illnesses. The Australian government has secured 51 million doses of Novavax. Novavax, the first protein .....
Supply chain issues hurting florists this Valentine’s Day, here’s how
February 14, 2022 06:29 PM AEDT| By Bhawna GuptaHighlights The supply chain industry failed to recover much after the COVID-19 pandemic. Due to the shortage of staff and a lack of raw materials, manufacturers could not record gains. COVID-19 restrictions have impacted the florists all over .....
Ford Motor Co (F) mulls setting up EV manufacturing hub in India
February 12, 2022 10:00 AM AEDT| By Sanjeeb BaruahFord Motor Co (NASDAQ: F) may produce electric vehicles in India for exports, the company said on Friday, months after it announced the closing of operations in the country due to lack of profitability. In a statement on Friday, cited by Reuters, .....
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US stocks slip as oil prices rise to 8-year high; KOS, XOM top gainers
February 11, 2022 02:43 PM PST| By Versha JainBenchmark US indices slipped into the red on Friday, February 11, as oil prices surged to an eight-year high, further adding to the inflationary pressure a day after the crushing CPI data. The S&P 500 fell 1.90% to 4,418.49. The Dow Jones declin...
Uber (UBER) to accept cryptos if exchange costs, climate issues resolve
February 12, 2022 07:56 AM AEDT| By Versha JainHighlights Uber said it will accept cryptocurrency in the future. It said the high transaction cost in the exchange makes it unviable for adoption now. Uber Technologies (UBER) stock fell 37.8% in one year. Ride-hailin.....
Latest on Novavax- vaccine to roll out from next week in Australia
February 11, 2022 09:08 PM AEDT| By Sukriti NairHighlights Greg Hunt announces Novavax roll out date, will be available from Monday (14 February 2022). A ‘three million dose’ shipment of the protein-based Covid vaccine has arrived in Australia already. Novavax Inc.&rsq.....
Ex-NSW premier Gladys Berejiklian says 'yes' to new position at Optus
February 11, 2022 01:26 PM AEDT| By Sukriti NairHighlights Former NSW premier Gladys Berejiklian to join executive team of telco major Optus. Berejiklian will join Optus as Managing Director, Enterprise, Business and Institutional. Berejiklian, before entering politics, held senior executiv.....
Link REIT and Oxford secure office portfolios in Australia
February 10, 2022 08:35 PM AEDT| By RitwikaHighlights Link and Oxford enters a joint venture - Investa Gateway Office venture. The joint venture allows Link and Oxford to acquire five office portfolios in Australia. The acquisition will cost AU$2.3 billion in total to Link and Oxford. .....
Australia to export green hydrogen to Asian markets?
February 10, 2022 08:35 PM AEDT| By Bhawna GuptaThe global campaign to decrease carbon emissions to net-zero by 2050 is moving quickly, with targets and concentration increasing in every area of the economy. Countries plan to transition away from fossil fuels after vowing to achieve net-zero emi.....
Omnicom (NYSE:OMC) shares close 14% high on Q4 2021 earnings report
February 10, 2022 03:23 PM AEDT| By RitwikaHighlights Omnicom outperforms the expectations during Q4 2021. OMC’s revenue increased by 2.6% to US$3,855.9 million in the given period. As a result, OMC’s diluted EPS grew by 6% in Q4 2021. Omnicom Group (NYSE:OMC) shares g.....
Space storm gobbles up 40 Elon Musk's SpaceX satellites
February 10, 2022 10:28 AM AEDT| By Sanjeeb BaruahHighlights SpaceX’s Starlink satellites were launched on February 3 from Florida’s Kennedy Space Center. According to scientists, the geomagnetic storm was caused by a solar flare over the weekend. On Monday, Astra Space, Inc. (A.....
Salesforce to open Adelaide hub along with SA govt
February 09, 2022 08:54 PM AEDT| By Bhawna GuptaHighlights This is the first global collaboration for Salesforce Net Zero Cloud. Net Zero Cloud uses global emission factors to calculate greenhouse gas emissions. South Australia's green economy has the potential to create thousands of jobs. .....
Biden backs Australian Tritium's move to build EV charging plant in US
February 09, 2022 08:51 PM AEDT| By Sukriti NairAustralian EV startup Tritium is set to build a new production plant in Tennessee, US in the upcoming months. Tritium’s new plant in the US will make approximately 30,000 electric-vehicle (EV) fast chargers a year and create roughly 500 local.....
Tritium (NASDAQ:DCFC) shares zoom 40% on US expansion plans
February 09, 2022 07:44 PM AEDT| By Bhawna GuptaHighlights DCFC plans to launch a new manufacturing facility in the US. Tritium stocks closed at US$9.54 each on Tuesday. The news came within a fortnight when DCFC announced a deal with Electromin. Tritium DCFC Limited's (NASDAQ:DCFC) sh.....
US seizes US$4.5 bn in Bitcoin stolen from Bitfinex in 2016
February 09, 2022 02:19 PM AEDT| By Team Kalkine MediaThe Justice Department on Tuesday said that it seized more than US$4.5 billion worth of Bitcoins stolen in a hacking attack on a cryptocurrency exchange in 2016. It is the largest cryptocurrency seizure ever made by the Justice Department, it said.....
Why are athletes complaining at Beijing Olympics 2022?
February 09, 2022 02:12 PM AEDT| By Toshiva JainThe Winter Olympics are supposed to celebrate happy evenings that lay a path for the most exciting winter sports. The 2022 Winter Olympics is organised in Beijing, China. The sports event began on January 4 and will go on till 20 January. However, .....
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