World News

Phone Scam explosion in Australia report a loss of A$211 million

Phone Scam, Australia, ACCC

Highlights  A phone-based scam in which the users receive suspicious voicemails, texts and phone calls to steal personal data has fuelled this year in Australia. ACCC reported loss of AU$211 million this year. For the same period, AU$11,0...

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Dow Jones closes higher, S&P 500, Nasdaq drift after tech losses

Dow Jones closes higher, S&P 500, Nasdaq drift after tech losses

Dow 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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Now, Facebook wades into Instagram Kids row, halts project: Know more

Now, Facebook wades into Instagram Kids row, halts project: Know more

Highlights Facebook halts planned development of a new Instagram Kids feature for children below 13 years. The decision comes ahead of the US Senate’s discussion on the risks posed by social media platforms to children’s mental heal...

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Ethereum developer Griffith enters plea-bargain to evade long jail term

Ethereum developer Griffith enters plea-bargain to evade long jail term

Highlights Griffith faces a 20-year prison term for violating the Emergency Economy Powers Act. His sentence could be reduced to a maximum of six-and-a-half years under the plea-bargain. Griffith’s sentencing is expected to take place in ...

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Why is Axion crypto grabbing limelight today?

Why is Axion crypto grabbing limelight today?

  • September 27, 2021 01:43 AM PDT
  • Samta

Highlights 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...

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Should pharmaceutical companies waive IP rights on COVID vaccines

Should pharmaceutical companies waive IP rights on COVID vaccines

Highlights  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...

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China pumping billions into system to soften Evergrande blow

China pumping billions into system to soften Evergrande blow

The 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...

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Asia Pacific markets try to navigate out of Evergrande blues

Asia Pacific markets try to navigate out of Evergrande blues

Highlights 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 ...

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Evergrande crisis: China’s debt trap comes home to roost

Evergrande crisis: China’s debt trap comes home to roost

In 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

UK mulls ban on China’s investment in the nuclear energy sector

The 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...

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German general election 2021: Who could replace chancellor Merkel?

German general election 2021: Who could replace chancellor Merkel?

Highlights  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...

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