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World news
Amazon Forecast to Hold Leading Ecommerce Position with Prime Day
June 20, 2021 07:01 PM AEST| By Suhita PoddarSummary E-commerce retail giant Amazon is holding its annual prime day online shopping sale event on June 21. The event is expected to help the company capture over 40 per cent of total US digital sales by the end of 2021, thus retaining its le.....
EU Loses Legal Battle Against AstraZeneca to Speed Up Vaccine Deliveries
June 20, 2021 06:59 PM AEST| By Suhita PoddarSummary Pharma giant AstraZeneca won a legal battle against the EU in Brussels, which would have forced the company to supply up to 120 million covid-19 vaccine doses by the end of June. The court ruled AstraZeneca can supply up to 80.2 million.....
Why is it important to understand the mechanism of the Internet of Things?
June 19, 2021 12:54 AM AEST| By Mohammad ZaidSummary Internet of Things is a breakthrough technology composed of various layers that facilitate interaction to produce output to enhance productivity. The industry, as well as domestic applications of IoT, have increased significantly over t.....
Global IPO market is on fire; Q1 proceeds surge 529%
June 19, 2021 12:05 AM AEST| By Furquan MoharkanSummary Global IPO proceeds in Q1 surged by a whopping 529%. The total ECM activity picked up by 229%. SPAC deals have helped the cause of equity markets. The equity capital market (ECM) activity in quarter ended March 2021 touched an unp.....
APAC markets a mixed bag; commodity price swings in focus
June 18, 2021 04:59 PM AEST| By Furquan MoharkanThe equity markets in Asia-Pacific (APAC) region were a mixed bag on Friday, as Bank of Japan maintained status quo over the monetary policy and investors tracked moves in the commodities space. In Japan, the Nikkei 225 closed near the flatline at t...
Is New Zealand-UK trade deal in the offing?
June 18, 2021 04:56 PM AEST| By RomaSummary Speculation strong on the UK-NZ dairy trade deal. Could mean trade benefits for both the countries. Complete tariffs phase out being talked about. In a recent report, it has been announced that New Zealand and the UK were looking .....
Why are commodity prices rising and what is its impact on inflation?
June 18, 2021 04:15 PM AEST| By Furquan MoharkanThe rise in the prices in any economy gets one and all unnerved – from the government to the masses. Price rises bring down the purchasing power parity of the buyer. Simply put, it makes common man poorer in the real terms – he can now bu...
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...
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