World news
Tritium to get listed on NASDAQ this month, ASX-listing uncertain
January 10, 2022 05:18 PM AEDT| By Priyanka PayalHighlights Tritium is likely to get listed on NASDAQ soon. There are no indications of the EV charging player to appear on ASX despite the Company’s headquarters Australia. The last step for Tritium’s public debut involves a .....
Novak Djokovic fighting to defend Australian Open legacy
January 10, 2022 05:15 PM AEDT| By Daniel Paul JohnsHighlights The Novak Djokovic situation has frankly been an embarrassment for Australia who had perhaps been determined to display their tough stance on Covid vaccinations Judge Kelly admitted his own agitation this morning, telling the c.....
Australia to buy tanks and other armoured vehicles from US for A$3.5B
January 10, 2022 01:01 PM AEDT| By Priyanka PayalHighlights Australia is all set to upgrade the Country’s army fleet with the acquisition of over 120 tanks along with other armoured vehicles from the US for AU$3.5 billion. Last year, the US, UK and Australia forged an alliance in what i.....
How can the metaverse change real-estate sector?
January 10, 2022 11:12 AM AEDT| By Akanksha VashishtHighlights Property within the digital world is up for grabs, and investors are still speculating if the risk is worth taking. The metaverse is in the pre-boom phase, where investments could shoot up exponentially once traction builds. As more.....
What does European energy crisis mean for Australian energy players
January 09, 2022 01:34 AM AEDT| By Team Kalkine MediaHighlights Household energy bills in Europe spiked as much as 54% relative to the bills consumers paid in 2020. Gas prices in the region soared about 10 times higher relative to the prices a year earlier. Policymakers are under int.....
What's panning out in Australian battery recycling space?
January 08, 2022 12:33 AM AEDT| By Anam SiddiquiHighlights The demand for lithium-ion batteries has increased significantly, driven by rising vehicle electrification and growing focus on renewable energy generation. Around 18,600 tonnes of batteries are discarded to landfill in Australia eac.....
Global semiconductor shortage continues to hurt car buyers in 2022
January 07, 2022 09:03 PM AEDT| By SamtaHighlights Due to ongoing supply chain disruptions and semiconductor shortages, new car buyers will have to suffer more in 2022. Covid-19 has slowed down the demand for new vehicles since early 2020. Global chip shortage will likely c.....
Hong Kong’s Disneyland closes temporarily amid Covid-19 outbreak
January 07, 2022 07:11 PM AEDT| By SamtaHighlights Hong Kong’s Disneyland will remain close for at least two weeks amid the Covid-19 outbreak. Depending on the rising cases, the theme park can remain closed beyond two weeks. Hong Kong’s Disneyland is set to remain cl.....
Nasdaq tech stocks plunge 50% or more, echoing dot-com crash
January 07, 2022 04:09 PM AEDT| By Sukriti NairOn Thursday, a near-record number of US Nasdaq listed tech stocks plunged by 50% or more, echoing the dot-com crash. Around 4 in every 10 companies on the Nasdaq composite index saw market values getting halved from their 52-week highs. Why are US.....
US stocks drift to a mixed close amid Omicron, rate concerns
January 06, 2022 03:27 PM PST| By Versha JainBenchmark US indices closed missed on Thursday, January 6, after a choppy trading session amid concerns over rising cases of Omicron and Fed’s earlier-than-expected rate hike. The S&P 500 declined 0.10% to 4,696.05. The Dow Jones decreased...
APRA updates on aggregate Committed Liquidity Facility
January 06, 2022 06:57 PM AEDT| By SamtaHighlights APRA announced to reduce the aggregate Committed Liquidity Facility to AU$102 billion. The CLF scheduled on 1 January has occurred as per the schedule. ADI’s CLF allocation would drop to zero through equal reductions on .....
Toyota unseats General Motors to become top car seller in US
January 06, 2022 06:16 PM AEDT| By Priyanka PayalHighlights Japanese Carmaker Toyota surpasses General Motors to grab the title of top car seller in the US. GM has said that its total sales were down about 13% due to semiconductor supply chain constraints. Both companies have reported .....
Australian flights banned in Hong Kong amidst COVID-19 concerns
January 06, 2022 05:38 PM AEDT| By Sukriti NairHighlights Hong Kong has banned inbound flights from Australia and eight other countries. The ban has emerged as a new challenge for Australian Airline companies. The stricter COVID-19 restrictions are a step to curd the surging COVID-19 infec.....
Why AdBlue prices are on rise?
January 06, 2022 04:57 PM AEDT| By Sonal GoyalHighlights Prices of AdBlue have quadrupled and is a significant cause of concern for the logistics and supply chain. It has been estimated that Australia can run out of AdBlue supplies by mid-February. The product that can wipe off Austra.....
Australia cancels tennis player Novak Djokovic's visa
January 06, 2022 03:55 PM AEDT| By Sonal GoyalHighlights Novak Djokovic was not allowed to enter Australia as he could not fulfil the requirements to enter the country. Djokovic's Australian visa got cancelled. The decision of whether he will enter Australia or not is still pending. .....
Foresight acquires further 51% of two solar farms in Queensland
January 06, 2022 03:51 PM AEDT| By Priyanka PayalHighlights UK-based Foresight Solar Fund Ltd acquires the remaining 51% stakes in Australia’s Oakley and Longreach solar farms. The company has gained 100% ownership in both solar farms with this acquisition. It is believed that mergers .....
Aussie auto sales surpass the million mark
January 06, 2022 03:49 PM AEDT| By Sukriti NairHighlights Aussie demand for cars and trucks jumped over 14% last year. Sales of new automobiles in Australia have crossed one million. In 2022, Auto manufacturers are working to strengthen supply chains. Australian automobile sales.....
US stocks slip after Fed’s minutes
January 05, 2022 02:07 PM PST| By Versha JainBenchmark US indices closed in the red on Wednesday, January 5, after minutes of Fed’s December meeting revealed unease among economists over the current high inflation. The S&P 500 fell 1.94% to 4,700.58. The Dow Jones declined 1.07% to 3...
Google acquires Israeli start up Siemplify to boost security
January 05, 2022 07:17 PM AEDT| By Sonal GoyalHighlights Google has bought Siemplify to boost its security operations. The acquisition follows the pledge taken by Alphabet Inc-owned Google in the presence of US president Joe Biden. Alphabet Inc will invest $10 billion in cybersecurity ove.....
Will Australia and Japan’s military treaty emerge as a threat to China?
January 05, 2022 06:40 PM AEDT| By Aditi SahaHighlights Australia's military fortunes are expected to shine brighter following the signing of a significant defence treaty between Australia and Japan. According to Tokyo's top diplomat in Canberra, both Australia and Japan are ready to send.....
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