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How are Bitcoin, Ethereum’s prices moving amid the Chinese crackdown?
September 28, 2021 06:05 AM BST| 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 03:32 AM BST| 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...
Dow Jones closes higher, S&P 500, Nasdaq drift after tech losses
September 27, 2021 02:15 PM PDT| By Sanjeeb BaruahDow Jones closed higher on Monday, September 27, pulled up by gains in financial and energy stocks, while Nasdaq Composite and S&P 500 retreated as losses in technology shares deepened. The S&P 500 fell 0.28% to 4,443.11. The Dow Jones rose...
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Why is Axion crypto grabbing limelight today?
September 27, 2021 09:43 AM BST| 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.....
Should pharmaceutical companies waive IP rights on COVID vaccines
September 27, 2021 09:10 AM BST| By Tripti JoshiHighlights Waiving intellectual property (IP) rights would allow additional manufacturers to bypass the IP barriers and manufacture the COVID-19 vaccine. The patent protection waiver can provide some immediate relief in terms of the produ.....
China pumping billions into system to soften Evergrande blow
September 27, 2021 08:04 AM BST| By Furquan MoharkanThe Chinese central bank – People’s Bank of China – has been pumping lot of cash into the system, as property developer China Evergrande’s default looms large on the world’s second largest economy. According to data c.....
Asia Pacific markets try to navigate out of Evergrande blues
September 27, 2021 05:05 AM BST| By Furquan MoharkanHighlights Australia is today’s best performer in the region with 0.94% gain. Shares of Evergrande’s EV arm tanked in Hong Kong. APAC markets are in the green. The equity markets in the Asia Pacific region started the week on .....
Evergrande crisis: China’s debt trap comes home to roost
September 27, 2021 05:04 AM BST| By Furquan MoharkanIn 2017, when Indian academic Brahma Chellaney coined the term debt-trap diplomacy – a situation where a powerful lending country seeks to saddle a nation with debt so as to increase its leverage over the borrowing nation – it did not hav...
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UK mulls ban on China’s investment in the nuclear energy sector
September 26, 2021 10:13 AM BST| By Sreenivas D AjankarThe UK government plans to bring guidelines for the nuclear power stations that would ban the Chinese firms’ investments in the UK nuclear energy sector. The government’s plan to restrict investment from China is because of security con.....
German general election 2021: Who could replace chancellor Merkel?
September 26, 2021 09:29 AM BST| By Sreenivas D AjankarHighlights Germany is voting today to elect a new chancellor. Eligible voters will cast their votes to elect members for 598 seats across 299 districts. The new government’s biggest challenge will be bringing Germany back on a growt.....
US indices close week mixed, weighed down by tech stocks
September 24, 2021 02:44 PM PDT| By Sanjeeb BaruahBenchmark US indices closed the trading week mixed on Friday, September 24, pulled down by losses in technology and healthcare sectors amid mixed global cues. The S&P 500 was up 0.15% to 4,455.48. The Dow Jones rose 0.10% to 34,798.00. The NASDA...
7 Roadblocks every EV customer is facing
September 24, 2021 10:12 AM BST| By Mohammad ZaidHighlights Electric car sales touched 2.1 million worldwide, surpassing the numbers in 2018. EV adoption is gaining pace across the globe, but there are numerous roadblocks to the adoption of EVs by customers. Overcoming these challenges.....
Why China Evergrande Group shares sank 12% today
September 24, 2021 09:30 AM BST| By Chitranjan KumarHighlights China Evergrande Group shares nosedived over 12% on Friday. The stock has tumbled 46% in past one month and 83% since the beginning of this year. The real estate giant’s debt deadline for US$83.5 million interest payment elaps.....
How soaring inflation might sway interest rates
September 24, 2021 09:19 AM BST| By Furquan MoharkanHighlights The BoE and Fed have indicated rate hikes and taper early next year. The RBA has already truncated its bond buying programme. Inflation is pushing central banks to adopt hawkish policy. Inflation is running hot and it may drive.....
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Internet sensation Chloe Clem to sell her iconic meme as NFT
September 24, 2021 04:51 PM AEST| By SamtaThe famous meme girl “Side-eyeing Chloe’’ is selling her “disapproving look” meme – an iconic reaction photo used as meme over the internet -- as an NFT. Representative Image Source: © Jirsak | Megapixl.c.....
Debt, mortgage and collateral: Decoding the jargons
September 24, 2021 05:55 AM BST| By Furquan MoharkanThe Evergrande fiasco has brought back the focus on debt, a term that motivates as well as scares people. The Chinese property developer, hit by a severe liquidity crunch, sits on a pile of debt worth US$305 billion – 2.1% of the country&rsquo...
US stocks march on, lifted by business optimism
September 23, 2021 02:52 PM PDT| By Sanjeeb BaruahBenchmark US indices closed higher for the second consecutive day on Thursday, September 23, lifted by positive sentiments from Fed’s economic outlook. The S&P 500 was up 1.21% to 4,448.98. The Dow Jones rose 1.48% to 34,764.82. The NASDAQ...
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Why is Blizzard Network in limelight today?
September 23, 2021 11:18 AM BST| By SamtaHighlights Global industries are continuously looking out to adapt with cryptocurrency as the prices of digital currencies continue to surge across the globe. Reimagined yield farming surged in the cryptocurrency market with Blizzard net.....
Unique Crypto asset – CAGE in spotlight today
September 23, 2021 10:25 AM BST| By SamtaHundreds of new meme coins are launched in cryptocurrency market everyday, where most of them tend to be just joke-asset. However, some of these meme coins significantly grow in the price and gain the spotlight. Hence, many traders often look out t.....
Evergrande’s second largest shareholder to sell its entire stake
September 23, 2021 08:50 AM BST| By Furquan MoharkanHighlights China Evergrande’s second largest shareholder will sell its entire stake in the company. Chinese Estates has already sold 108 million shares of Evergrande in September. Evergrande shares soared after it made coupon payment on .....
