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World news
Who is the new CEO of Amazon after Bezos?
July 07, 2021 08:08 PM AEST| By Kamalika GhoshSummary Andy Jassy, who has spent 24 years at Amazon, will be Jeff Bezos successor. Before stepping into Bezos’ shoes, Jassy was the CEO of Amazon Web Services. US multinational technology and e-commerce giant Amazon recently got a n.....
Wise to go public via direct listing: All you need to know about the process
July 07, 2021 07:03 PM AEST| By Furquan MoharkanOn 2 July 2021, the UK-based fintech company Wise PLC approved the plan to get listed on 7 July 2021. The company’s prospectus said, “Application has been made to the FCA for all of the Class A Shares to be admitted to the standard listi...
From online bookseller to world’s richest man: Amazon’s Jeff Bezos hangs up his boots
July 07, 2021 02:45 PM AEST| By Furquan MoharkanIn 2014, Amazon founder Jeff Bezos visited the South Indian city of Bengaluru – popularly known as Silicon Valley of India – owing its reputation for acumen towards tech innovations. It was the time when India’s domestic e-tailer Fl...
Why did DiDi stock nosedive more than 20% today?
July 07, 2021 04:53 AM AEST| By Team Kalkine MediaDiDi Global Inc. (DIDI) stock fell more than 20% on Tuesday, July 6, after the Chinese regulators ordered the company to remove its app from the app store. The development comes just days after the ride-hailing company made a mega IPO debut on the NY...
OPEC+ crisis: Oil shoots to 6-yr high. What to expect?
July 07, 2021 02:11 AM AEST| By Team Kalkine MediaOil prices in the US surged to six years high following the failure of the OPEC countries to decide on how much oil to be produced. US benchmark West Texas Intermediate hit a six-year high to US$76.98 a barrel this week, and global benchmark Brent .....
Will crude oil touch US$100 a barrel? All you need to know about oil prices
July 06, 2021 05:35 PM AEST| By Furquan MoharkanFortunes do turn around. And at times, they turn around fast. Nothing exemplifies it better than crude oil prices. A year ago, crude oil prices were at the historical lows. The prices of brent crude oil were hovering near the zero level, while the We...
Can faster vaccination help Australia crush the new virus strain?
July 06, 2021 02:43 PM AEST| By Furquan MoharkanThe new Delta variant of COVID-19 seems to be spreading fast. And it is causing bumps in the fight against the global pandemic, that has consumed the lives of four million people till now. Australia, which has been able to contain the virus very wel...
From India’s girl next door to IMF chief economist: The journey of Gita Gopinath
July 06, 2021 11:17 AM AEST| By Furquan MoharkanDays before the US Independence Day, on 2 July 2021, International Monetary Fund (IMF) Chief Economist Gita Gopinath was among the 34 immigrants honoured by a prestigious American foundation Carnegie Corporation – as a person "who has enriched...
From bumper IPO debut to 11% slump: What hurt Didi’s share price?
July 05, 2021 08:17 PM AEST| By Team Kalkine MediaSummary Ride hailing firm Didi Global Inc’s shares dropped 5.3% to USD$15.53 on Friday. The stock declined after China ordered removal of “DiDi Chuxing” app from the country’s smartphone app stores. The development came.....
Done with recession? What are the different kinds of economic recoveries?
July 05, 2021 04:52 PM AEST| By Furquan MoharkanThe COVID-19 pandemic and the subsequent bouts of lockdowns imposed to counter it, triggered one of the most severe recessions in the history of the world economy. As consumption across the globe fell drastically, so did the employment levels. The w...
Chinese suspension of Didi app weighs on APAC markets
July 05, 2021 03:26 PM AEST| By Furquan MoharkanThe equity markets in Asia Pacific (APAC) region started the week on a mixed note as investors eagerly awaited the outcome of the OPEC+ meeting. The markets in APAC were also hit after China suspended Softbank-backed Didi app from play stores allegin...
India’s youngest telco is making it big globally
July 05, 2021 11:57 AM AEST| By Furquan MoharkanIn mid-2016, the Indian telecom sector was taken by storm as Reliance Industries Ltd (RIL) had launched its telecom service nationwide, and the charges were cheap, rather very cheap. To add to it, the company, using its well-established infrastructur...
How really safe is your data? REvil latest attack raises concerns
July 05, 2021 09:36 AM AEST| By RomaSummary REvil back at it again, targeted Miami Based IT Company this time Several users of the software under attack at the risk of losing data FBI and US Cybersecurity working closely to bust the miscreants The recently increased frequen.....
Semiconductor chips shortages impact June’s sales figure of Ford Motors
July 04, 2021 06:16 PM AEST| By Nitish KumarSummary Ford Motor reported sales of 475,327 vehicles during the June quarter, up by 9.6% from PCP. The U.S automaker had set a sales target of 519,007 vehicles for the second quarter. The global semiconductor chip shortage led to significant .....
‘Fire in the Ocean’- a major fire breakout in GOM after an underwater pipeline leak
July 04, 2021 06:05 PM AEST| By Nitish KumarSummary An ‘eye of fire’ video goes viral on social media, arouses creativity among the memers who spewed hundreds of memes within a few hours. Gas leakage in the underwater pipeline of PEMEX leads to a massive fire on the ocean wat.....
After Colonial, Another U.S Tech giant hit by ransomware; Kaseya forced to shut
July 04, 2021 03:50 PM AEST| By Nitish KumarSummary On Saturday, the world witnessed one of the largest cyber-attacks on a U.S tech service provider. The U.S service provider Kaseya was hit by ransomware which infected the desktop management system of the company. Kaseya in its statemen.....
Emotional health is paramount to your overall happiness: Here’s why
July 04, 2021 12:15 PM AEST| By Team Kalkine MediaSummary Symptoms of emotional health crisis may include sleep disorders, avoidance of friends and family, conflicts in relationships, substance abuse, and eating disorders. Thus, mental illness is closely tied to an individual’s emotional.....
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Why UN thinks blockchain technology can help fight climate change?
July 04, 2021 11:10 AM AEST| By Team Kalkine MediaSummary Recognizing its immense disruptive potential and benefits to society in a recent article, the UN revealed how blockchain helped the organization fast-track delivery of emergency funds. Blockchain can expedite climate action in three way.....
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DiDi stock dives 5% after China regulators open cybersecurity probe
July 03, 2021 11:19 AM AEST| By Team Kalkine MediaSummary DiDi made its US debut on the New York Stock Exchange under the symbol DIDI on Wednesday. The stock opened 11% down after the Chinese probe announcement on Friday. The company gathers user data on trips, locations, and audio records du.....
How is the Solar Energy industry placed amid post pandemic recovery?
July 03, 2021 01:03 AM AEST| By Team Kalkine MediaDuring the post pandemic recovery, the necessity of a reliable, inexpensive, and secure power supply that can boost economic activity is the need of the hour. Solar energy and other technologies such as wind power can help a country move to a c...
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