World news

COVID-19: A week that wreaked havoc in Australia

September 10, 2021 05:36 PM AEST| By Furquan Moharkan

Highlights The country saw 32% jump in the weekly cases. Thursday witnessed the highest number of cases reported by the country since the pandemic’s onset. Almost two-thirds of the country have now been vaccinated – at least with o.....

What took Elon Musk a step closer to supervillain status?

September 10, 2021 05:03 PM AEST| By Team Kalkine Media

Tesla Inc (NASDAQ:TSLA) has been granted a new patent right that can drastically change the previous way of cleaning off debris and water from the windshield. The electric car has introduced a new laser beam technology that not only cleans windshie.....

Joe Biden moves to vaccinate millions, as his ‘patience wears thin’

September 10, 2021 12:54 PM AEST| By Furquan Moharkan

Covid-19 vaccine jab administered by a doctor Highlights US President passes executive orders on vaccinating federal workers Biden says his patience is wearing thin with the unvaccinated. Meanwhile, a study hints that COVID-19 may have origin...

US stocks retreat after jobless claims data

September 09, 2021 03:10 PM PDT| By Sanjeeb Baruah

Benchmark US indices closed in red on Thursday, September 9, after the latest labor data showed the number of jobless benefits claims dropped to the lowest level in 18 months. The S&P 500 was down 0.46% to 4,493.28. The Dow Jones fell 0.43% to 3...

Trends unfolding as biotechnology eyes beyond medicinal applications

September 10, 2021 06:00 AM AEST| By Tripti Joshi

Highlights For the last 20 months, the biotechnology sector has been dominated by ongoing COVID-19 pandemic, which provoked an increase in research and business activity. The emerging technologies in the biotech sector are offering the potentia.....

Lockdown to end soon? NSW inching closer to 70% vaccination milestone

September 09, 2021 06:35 PM AEST| By Furquan Moharkan

Highlights NSW will start reopening the state after three months of COVID-19 lockdown. Australia is set to start vaccine passport services within weeks. Airline stocks continue to be battered. Australia’s most populous provinc.....

Victoria reports worrying spike in COVID-19 infection

September 09, 2021 11:10 AM AEST| By Furquan Moharkan

Highlights The state of Victoria reported fresh 324 cases on Wednesday, including one coming in from abroad. The state has administered over 37,000 doses of vaccine so far. Melbourne is facing its sixth consecutive lockdown. The state of .....

Doha negotiators sidelined in new Taliban regime

September 09, 2021 10:12 AM AEST| By Furquan Moharkan

Highlights Mullah Hassan Akhund has been appointed as Afghanistan’s Prime Minister. Mullah Baradar – a comrade of Mullah Omar – has been appointed as his deputy. India fears Pakistan hand in Taliban’s government formati.....

US markets close in red as delta variant spells trouble

September 08, 2021 03:04 PM PDT| By Sanjeeb Baruah

Benchmark US indices retreated on Wednesday, September 8, as the delta variant stalked the country prompting investors to withdraw from growth stocks. The S&P 500 was down 0.13% to 4,514.07. The Dow Jones fell 0.20% to 35,031.07. The NASDAQ Comp...

Employees are resigning in droves: What’s fuelling the Big Quit?

September 08, 2021 05:57 PM AEST| By Furquan Moharkan

One of my favourite mentees, Sonal Gupta (name changed), who has turned out to be a competitive journalist, was recently talking to me about her professional career. She suddenly sprung a surprise, saying she might quit journalism. When I prodded f.....

Asia Pacific: Closed borders, porous markets

September 08, 2021 04:35 PM AEST| By Furquan Moharkan

Highlights Other than India and Vietnam, not many equity markets have seen abnormal returns in 2021 Lot of major economies in the region have shut their borders to foreigners. The reopening of borders is still shrouded in ambiguity. The A.....

EI Salvador grabs the spotlight adopting Bitcoin as its official currency

September 08, 2021 10:21 AM AEST| By Team Kalkine Media

Highlights EI Salvador became world’s first country to make Bitcoin its official currency. The country bought 400 bitcoins running ahead of the roll-out, planning to buy a lot more of them. Salvadoran Government launched its wallet app.....

US stocks drift on slow pace of economic recovery

September 07, 2021 03:00 PM PDT| By Sanjeeb Baruah

S&P 500 and Dow Jones slipped on Tuesday, September 7, dragged down by fears of a slowdown in economic recovery, while Nasdaq was marginally up after firms like Apple and Facebook saw gains. The S&P 500 was down 0.34% to 4,520.03. The Dow Jo...

After space mission, Jeff Bezos eyes age reversal solutions

September 07, 2021 06:17 PM AEST| By Nidhi Gupta

Altos Labs, a startup that works on reversing biological aging, plans to open a Cambridge UK-based research lab. The company is funded by Amazon’s founder Jeff Bezos and has raised about £231 million ($270 million) to develop biological.....

New ACCC plan laws spells tough times for big tech

September 07, 2021 06:09 PM AEST| By Team Kalkine Media

Highlights Big tech companies are facing hard time due to the new tough regulations under the ACCC plan. The Australian government has been considering new laws for Apple, Google, and other tech giants. New reforms are expected to incl.....

Neobank- BTCM partnership: a new ray of hope for Australia’s crypto habitat

September 07, 2021 05:57 PM AEST| By Rini Zachariah

The lackadaisical attitude of banks towards the crypto ecosystem has become an opportunity fintech companies want to grab. Neobank Volt, a licensed institution for authorised deposit-taking, is now partnering with BTC Markets (BTCM), Australia's la.....