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Why Is Goldman Sachs Calling Cryptocurrencies A New Asset Class?
May 25, 2021 03:48 PM AEST| By AbhijeetSummary Investment bank Goldman Sachs in a note suggested that cryptocurrencies could become a new asset class. Cryptocurrencies suffered a free fall over the weekend, after the earlier rally it saw. The market recovered slightly on Monday mor.....
A Piece of YouTube History Sells as an NFT for Over Three-Quarter of a Million Dollars
May 25, 2021 03:14 PM AEST| By Team Kalkine MediaSummary One of YouTube’s most viewed videos – “Charlie Bit My Finger” – has sold at auction as an NFT for US$761,000. A Non-Fungible Token (NFT) is a digital asset that can hold valuables such as art and cryptocurr.....
COVID-19: The two months that took away 135K Indian lives
May 25, 2021 12:37 PM AEST| By Furquan MoharkanSummary India reports the lowest caseload in 73 days. Deaths continue unabated. Of every three global COVID-19 deaths reported last week, one was Indian. India on Monday reported less than 200,000 fresh COVID-19 cases, the lowest case tal.....
Why are iron ore prices volatile of late?
May 25, 2021 11:31 AM AEST| By Team Kalkine MediaIron ore prices have been on a dramatic journey starting the second half of the last year. The prices reached a record high of US$237.57 per tonne on 12 May 2021. This rally could be attributed to a robust demand in Chinese steelmaking industries p.....
Musk’s tweet sways cryptocurrencies again, Bitcoin leaps 10%
May 25, 2021 10:43 AM AEST| By Furquan MoharkanThe prices of various cryptocurrencies went soaring after a tweet from billionaire CEO of Tesla Inc (NYSE:TSLA)– Elon Musk. Overnight, Mr Musk tweeted about sustainability of the digital coin. “Spoke with North American Bitcoin miners......
Breathonix’s COVID-19 breath test obtains conditional approval in Singapore
May 25, 2021 10:08 AM AEST| By Team Kalkine MediaSummary Singapore health authority has given provisional approval for the COVID-19 breath test developed by Breathonix. The COVID-19 breathalyzer detects the volatile organic compounds (VOCs) biomarkers and can generate findings within sixty se.....
US Markets Close Higher As Tech, Cyclical Stocks Shine
May 25, 2021 08:38 AM AEST| By Team Kalkine MediaAll benchmark US indices closed higher on Monday, May 24, lifted by technology and cyclical stocks as investors kept their inflation worries aside to focus on opportunities from the reopening of the economy. The S&P 500 gained 0.99% to 4197.05....
The business of podcasting: How do podcasters rake in revenue?
May 24, 2021 07:44 PM AEST| By Team Kalkine MediaSummary Podcasting is the fastest growing medium in the world, but it hasn’t yet realised its monetary potential. A meagre one per cent of podcasts accounts for the lion’s share of revenue despite there being over 1.7 million podcas.....
Cryptocurrencies Across the World Experience a Free-Fall over the Weekend
May 24, 2021 03:10 PM AEST| By Team Kalkine MediaThe global cryptocurrency market has suffered considerable losses in the past 24 hours as several of the most prominent digital currencies struggle to maintain the record highs achieved one month ago. The price of the world’s largest cryptoc.....
How can a shift in clean energy initiatives spark job creation in Australia?
May 24, 2021 11:06 AM AEST| By Team Kalkine MediaSummary Australia has been observing significant progress in renewable energy resources. The transition to renewables will create jobs in the local manufacturing industry and create new opportunities for an array of Australians. Australia&rsqu.....
Virgin Galactic Completes Third Spaceflight
May 23, 2021 06:55 PM AEST| By Kiran MuraliSummary VSS Unity reached space at an altitude of 55.45 miles before gliding back. The flight marks the company’s third spaceflight and the first from New Mexico. Jeff Bezos’ space company Blue Origin will launch its first space to.....
How protective are COVID-19 vaccines against new variants?
May 23, 2021 06:51 PM AEST| By Kiran MuraliSummary A study by Public Health England says two doses of Pfizer-BioNTech and AstraZeneca vaccines are effective against the B.1.617.2 variant. Both the vaccines give similar protection against the strain first found in India and the one domin.....
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IMF Estimates US$50B Cost To End Pandemic In 2022
May 23, 2021 06:46 PM AEST| By Kiran MuraliA probable end to the COVID-19 pandemic could cost US$50 billion, according to the latest report by the International Monetary Fund. The international financial institution believes that vaccinating at least 40 percent of the global population by .....
Carbon Prices at an All-Time High; What’s Ahead?
May 23, 2021 12:40 AM AEST| By Nitish KumarSummary The prices of carbon have touched an all-time high during this week. The trend is expected to continue, on the back of implementation of more reforms to reduce greenhouse gas emissions in the near future. The European Union (EU) is hom.....
“Pied Piper”: the curious case of Elon Musk
May 23, 2021 12:37 AM AEST| By Furquan MoharkanBillionaire Elon Musk, the CEO of Tesla Inc (NYSE:TSLA), has a habit of staying in headlines – from his off-the-cuff tweets to ideas that seem irrational. This time, he is again in news, but a large section of people is angry at him, calling hi...
Volatility on rise; markets gripped with fear
May 23, 2021 12:33 AM AEST| By Furquan MoharkanThe volatility in Wall Street has shown a massive spike in the past one month, while the fear has been visible – a trend which may lead to further downside in the shares. The volatility index – represented by Chicago Board Options Exchan...
Okotoks Eases Burden of High Upfront Costs in Solar Panel Installation
May 23, 2021 12:26 AM AEST| By Team Kalkine MediaHundred per cent adoption of clean sources in electricity generation is costly. On the macro level, Canada needs to have zero electricity generation from power plants that use coal and coke as fuel. On the micro level, more homes and workplaces shoul...
What Are The Risks Of Vaccine Passports?
May 22, 2021 02:06 PM AEST| By Team Kalkine MediaCountries around the world are contemplating a vaccine passport regime, which is a document in physical or digital format, proving that a person is vaccinated against COVID-19. However, the World Health Organization (WHO) has disapproved the concept...
US Proposes 15% Tax On Global Corporate Profits
May 22, 2021 01:34 PM AEST| By Team Kalkine MediaSummary Treasury Department eyes 15% minimum corporate tax on overseas profits of US companies. OECD estimates that countries lose US$240 billion to companies that shift their earnings to countries having lower tax base. The Treasury D.....
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US Markets End Mixed As Stocks Retreat
May 22, 2021 01:02 PM AEST| By Team Kalkine MediaThe S&P 500 and the tech-heavy NASDAQ Composite Index closed lower, while the Dow Jones Industrial Average saw muted gains on Friday, May 21, as investors moved away from risker assets. The S&P 500 was down 0.08% to 4,155.86. Dow Jones rose...
