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World news
What causes an earthquake? All you should know
September 23, 2021 07:42 AM BST| By Furquan MoharkanOn Wednesday, a powerful earthquake rocked southeast Australia – a region consisting of some of the major Australian cities like Sydney, Melbourne and Adelaide. The US Geological Survey – which tracks seismic activities across the globe...
Why is UK running short of Carbon Dioxide?
September 23, 2021 05:43 AM BST| By SamtaIn a bid to address the ongoing Carbon Dioxide (CO2) shortage in the country, the UK Government has struck a deal with major Carbon dioxide suppliers. The Government has announced that it has made a deal with two UK factories to restart the CO2 pro.....
US stocks rebound on Fed's economic assessment
September 22, 2021 02:55 PM PDT| By Sanjeeb BaruahBenchmark US indices reclaimed grounds on Wednesday, September 22, after a steep selloff in the previous two sessions, boosted by the Federal Reserve’s positive economic assessment. The S&P 500 was up 0.95% to 4,395.64. The Dow Jones rose...
China’s Evergrande fiasco: Could it spill over to Australia?
September 22, 2021 01:05 PM BST| By Chitranjan KumarThe future of China’s largest property group Evergrande hangs in the balance as the real estate giant faces its worst liquidity crisis. The crisis has shaken the Chinese as well as global markets, reminding about the dramatic collapse of &ldq.....
The surge game: PKD prices soar by 20%
September 22, 2021 06:48 AM BST| By Team Kalkine MediaThe cryptocurrency prices are facing a huge selling pressure, which analysts believe is due to the uncertainty in the Chinese markets. Bitcoin dropped by over 6% in the last 24 hours trading at USD$40,835.76. Representative Image Source: © .....
What Trudeau’s win means for the global economy & Canada’s multilateralism
September 22, 2021 05:40 AM BST| By Ankit SethiHighlights From President Biden to PM Boris Johnson, world leaders have congratulated Justin Trudeau on his third election win The Liberals are looking to work with the US on issues like fight against climate change Tax on big tech compa...
Explained: What is Evergrande crisis all about?
September 22, 2021 04:37 AM BST| By Furquan MoharkanGlobal equity markets are witnessing a sort of meltdown at a time when they are flush with access liquidity. And guess what? It is not because of any macro factor or a probable new variant of coronavirus coming in. It is because of a crisis in just o...
Universal Music shares soar after Euronext debut
September 22, 2021 01:37 AM BST| By Sanjeeb BaruahHighlights The stock of Universal Music Group (UMG) jumped 35 percent on the first day at the Euronext Stock Exchange on Tuesday, Sep 21. Universal Music’s worth rose to US$53.27 billion after its stock market debut. Vivendi is the paren.....
US markets close mixed as defensive stocks lead gains
September 21, 2021 02:16 PM PDT| By Sanjeeb BaruahBenchmark US indices closed mixed on Tuesday, September 21, after healthcare, energy, and technology stocks led gains in intraday trading buoyed by positive income expectations. The S&P 500 fell 0.08% to 4,354.19. The Dow Jones fell 0.15% to 33,...
French reprisal on the trade front for Australia?
September 21, 2021 11:36 AM BST| By Rini ZachariahHighlights A week ago, Australia scrapped a US$90-billion contract for buying French submarines. Three nations - Australia, the UK and the US - have announced a new trilateral partnership for security. The signs of retaliation from Franc.....
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A video of Tesla’s Autopilot car that grabbed Musk’s eyeballs
September 21, 2021 10:14 AM BST| By Team Kalkine MediaWhile many people have been doubtful on the Tesla’s Autopilot feature, a Twitter video of Tesla’s Autopilot car has grabbed the company CEO Elon Musk’s attention. Recently a video of a man went viral on Twitter where he was enjoyi.....
Anti-lockdown protests erupt in Melbourne even as COVID-19 cases spike
September 21, 2021 09:37 AM BST| By Furquan MoharkanHighlights Protests against lockdown continue in Australia’s major cities. Cases in Victoria have spiked to a new high. The country reported 11 deaths on Monday. Anti-lockdown protests rocked Australia’s second most populous c.....
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Why is FreeRiver grabbing the spotlight?
September 21, 2021 08:09 AM BST| By Team Kalkine MediaChoosing the best cryptocurrency involves choosing an exchange or trading platform that supports deposit and withdrawal of the local fiat currency, hence it is important to consider all factors before starting our investment. The global cryptocurr.....
China holiday softens Evergrande crisis impact on investors
September 21, 2021 07:39 AM BST| By Furquan MoharkanHighlights Japanese Indices have crashed 1.5% after a long weekend. Chinese share markets are closed on account of holiday. The ASX has recovered by 26 basis points. Equities in the Asia-Pacific (APAC) region were mixed in Tuesday’.....
Will France retaliate by hampering EU-Australia FTA?
September 21, 2021 06:06 AM BST| By Team Kalkine MediaHighlights The Australian Trade Minister – Dan Tehan calls the ongoing diplomatic crisis between France and Australia a “business as usual”. Britain and Australia insisted the diplomatic crisis would not affect the French-Aus.....
Why should world worry about Evergrande collapse?
September 21, 2021 03:58 AM BST| By Furquan MoharkanHighlights Fears of default are looming large for China’s Evergrande Group. The property developer owes US$305 billion in debt across markets. This would be the biggest test for China’s financial system in years. In August of .....
US markets close in red, dragged down by energy, financial stocks
September 20, 2021 02:49 PM PDT| By Sanjeeb BaruahAll benchmark US indices closed in the red on Monday, Sep 20, after energy and financial stocks led broad losses across segments and China’s Evergrande default fears loomed. The S&P 500 fell 1.70% to 4,357.73. The Dow Jones fell 1.78% to 3...
Why has Biden’s approval rating fallen to the lowest?
September 20, 2021 08:00 PM BST| By Toshiva JainHighlights A recent poll magnified people’s attitude towards Biden’s government. It showed that most people are dissatisfied with Biden’s performance. The poll revealed that around 71% Americans believe that the USA&rsqu.....
China-Australia: The present and future
September 20, 2021 10:02 AM BST| By Furquan MoharkanAustralia has recently decided to buy nuclear submarines from the US, as part of a trilateral pact with the US and the UK – called AUKUS. The trigger: growing military influence of China in Indo-Pacific. How is China militarily growing in Indo...
Evergrande executives face “severe punishment” securing early redemptions
September 20, 2021 09:39 AM BST| By Team Kalkine MediaHighlights Six senior executives of a Chinese property group – Evergrande Real Estate Limited face severe punishment for securing early redemptions. The company owes an estimated US$300 billion to the other suppliers and creditors. Everg.....
