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World news
What is blockchain technology? Why is there an unbelievable hype?
June 18, 2021 01:11 PM AEST| By Furquan MoharkanAs the concept of cryptocurrencies continues to gain traction across the globe, so does the talk around the blockchain technology. For some, especially the not-so-tech-savvy lot, the blockchain technology and cryptocurrency were the same. However, i...
After EU, US resolves aviation tariff dispute with Britain
June 18, 2021 06:32 AM AEST| By Team Kalkine MediaSummary US Trade representative Katherine Tai said the deal could serve as a model to counter common challenges from China and other “non-market” economies. The US-UK tariff war had hit businesses hard on both sides of the Atlantic......
JPMorgan Chase clinches deal to acquire UK’s roboadviser Nutmeg
June 18, 2021 02:59 AM AEST| By Team Kalkine MediaSummary JPMorgan Chase said the agreement with the London-based company would complement its forthcoming online retail banking operations in the UK. The JPM stock was trading at US$152.08 at 11:24 am ET on Thursday, June 17, down 2.68%. Nutmeg.....
APAC shares in red after Fed signals rate hikes in 2023
June 17, 2021 12:43 PM AEST| By Furquan MoharkanThe equity markets in the Asia Pacific (APAC) region were trading in red on Thursday after the US Federal Reserve signalled at preponing the hike in interest rates to 2023. The move by the Fed has cut short the record run of the benchmark Australi.....
Why ASB is slapped with a $8.9 million penalty
June 17, 2021 11:47 AM AEST| By SonalAfter the Commerce Commission’s warnings to one of the largest banks in New Zealand, ASB bank, of overcharging borrowers on early repayment adjustment (ERA) fees, the bank will pay back roughly $9 million to its customers. The bank failed to.....
US Federal Reserve shifts its rate hike timeline to 2023
June 17, 2021 11:38 AM AEST| By Furquan MoharkanSummary The US Fed has raised the inflation expectations for this year. The central bank has brought forward the timeline for rate hikes. The Dow30 slipped in the red after the announcement. Raising the estimates for the inflation this ye.....
Golden Mile to be a car free zone soon?
June 17, 2021 10:08 AM AEST| By RomaSummary Golden Mile envisioned to be car-emission free in the next three years. Affordable housing instead of pre-1930 homes proposed as a solution to the growing housing concern. Resistance being faced by retailers who believe this move will .....
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US stocks dip on Fed's rate-hike plan for 2023
June 17, 2021 08:10 AM AEST| By Sanjeeb BaruahBenchmark US indices closed lower on Wednesday, June 16, after the Federal Reserve signalled that it might consider increasing the interest rates in 2023 if the inflationary pressures do not ease. The S&P 500 was down 0.54% to 4,223.70. The Dow...
Crude oil rises 44% YTD, stoking up inflationary pressure
June 16, 2021 05:10 PM AEST| By Furquan MoharkanThe prices of brent crude have surged by 44% in the calendar year 2021, which has been adding to the inflationary pressure across the economy. Brent crude oil prices, as on date, stand at US$74.62 a barrel, compared with US$51.8 a barrel on close of...
Rocket Lab gains NASA contract for the Martian mission 2024
June 16, 2021 03:45 PM AEST| By Jasmine AnandSummary Rocket Lab wins NASA contract to build two small Photon spacecraft for the Mars mission, set to be launched in 2024. The low-cost inter-planetary mission would give better insights into the solar system. Rocket Lab pushes its NASDAQ li.....
Is virtual reality the future of eSports?
June 16, 2021 03:06 PM AEST| By Sonal SinhaSummary The eSports industry grew massively in 2020 as gaming became the main source of entertainment for people restricted to their homes during the pandemic. The global digital PC games market is likely to grow at a double-digit CAGR and cros.....
APAC markets mixed as Japan export data misses estimates
June 16, 2021 01:08 PM AEST| By Furquan MoharkanSummary APAC markets mixed ahead of the US Fed’s policy decision announcement. Japan’s export data for May has missed estimates. China is set to release retail sales numbers. The shares across the Asia Pacific (APAC) region we.....
When will COVID-19 be over?
June 16, 2021 12:50 PM AEST| By Furquan MoharkanIn January 2020, I had a bout of cold. As a precautionary measure I wore a mask to the office. It was before COVID-19 became the monster it is known as now. One of my colleagues joked: “do you have Corona?”. That day, the number of globa...
How are medical chatbots transforming patient care?
June 16, 2021 12:27 PM AEST| By Tripti JoshiChatbots are software developed with machine learning (ML) algorithms for stimulating and engaging in a conversation with a user to provide real-time assistance to patients. Chatbots have applications across multiple industries including retail, ba.....
How one gesture by Ronaldo cost Coca Cola US$4 billion
June 16, 2021 12:16 PM AEST| By Furquan MoharkanCristiano Ronaldo of Real Madrid celebrating a goal during a Spanish League match against RCD Espanyol at the Power8 stadium on Maig 17 2015 in Barcelona Spain. Football star Cristiano Ronaldo’s snub to carbonated drink Coca Cola has taken a t...
Can New Zealand make a complete switch to biofuels?
June 16, 2021 08:51 AM AEST| By Team Kalkine MediaSummary Biofuels discussion activated by the Climate Change Commission Is it time for New Zealand to make the leap? Is it feasible for Biofuels to replace Fossil fuels completely? Biofuels are the ones that are created using biomass and n.....
Wall Street stocks drift on weak retail-sales data
June 16, 2021 07:48 AM AEST| By Sanjeeb BaruahBenchmark US indices edged lower on Tuesday, June 15, in mixed trading after the latest government data showed retail sales fell by 1.3% in May compared to figures in the previous month. The S&P 500 shed 0.20% to 4,246.59. The Dow Jones declined...
APAC markets mixed; ASX 200 rallies to record high
June 15, 2021 03:54 PM AEST| By Furquan MoharkanThe equity markets across the Asia Pacific (APAC) region were a mixed bag on Tuesday, with Australian shares outperforming peers. The Australian benchmark ASX200 was up 1.06% in the day’s trade and trading at its record high levels, as it op.....
Which countries comprise G7? What is its significance?
June 15, 2021 01:59 PM AEST| By Furquan MoharkanThe Group of Seven, popularly known as G7, is a group of seven countries – the US, the UK, Canada, France, Germany, Japan and Italy – the heads of which hold an annual summit to address the issues of mutual concern. As on date, there is a...
Is inflation here to stay? Read what Jamie Dimon of JP Morgan says
June 15, 2021 12:21 PM AEST| By Furquan MoharkanAs nations continue to recover from the COVID-19-induced recession, the highest inflation levels seen across the economies in more than a decade are roiling the markets. In China, which happens to be the world’s second largest economy, factory...
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