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Want to pay off your student loan faster? Here’s how, when to start
September 19, 2021 12:01 AM AEST| By Sanjeeb BaruahStudent loan debt in the US stood at a staggering US$1.54 trillion last year, an all-time high. So, if you are worried about your loan repayment, you are not alone. Millions of students are currently facing such challenges, with the covid pandemic .....
China’s Evergrande debt bomb: Here’re key developments
September 18, 2021 12:38 PM AEST| By Sanjeeb BaruahHighlights Chinese real estate giant Evergrande Group has a debt of US$300 billion. It is under a severe cash crunch and signaled it out this week, worrying investors. Evergrande’s rating has been downgraded by Fitch, Moody last week, an.....
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World Bank to discontinue ‘Doing Business’ report after data row
September 18, 2021 12:32 PM AEST| By Team Kalkine MediaHighlights The World bank on Thursday said it will discontinue its Doing Business report. The report ranks countries based on ease of doing-business and other parameters. IMF chief Kristalina Georgieva is accused of pressuring staff to improve.....
A week when APAC markets were in mostly in red
September 17, 2021 09:44 PM AEST| By Furquan MoharkanThe Asia Pacific markets were mostly in red during the week amid regulatory concerns surrounding sectors such as technology and casinos in China and the COVID-19 pandemic in Australia. The Morgan Stanley Capital International (MSCI), which is the .....
China requests to join Pacific trade pact with eyes on boosting economic clout
September 17, 2021 07:52 PM AEST| By Team Kalkine MediaHighlights China applies to join Asia - Pacific trade pact to boost economic position. Created by the US to counter Chinese influence, the pact eventually became the Comprehensive and Progressive Agreement for Trans-Pacific Partnership or the .....
Has Australia’s third COVID-19 wave plateaued? Growth of fresh cases dips
September 17, 2021 07:42 PM AEST| By Furquan MoharkanHighlights In the last seven days, fresh cases have grown 8%. The third wave of the pandemic seems to be plateauing. One million doses of Moderna set to be rolled out next week. The growth in fresh COVID-19 cases has slowed down in Austra.....
Sigh of relief for Aussie farmers as adequate rainfall improves farm produce
September 17, 2021 07:33 PM AEST| By Priyanka PayalHighlights The report released by the Agriculture Department’s research branch Tuesday revealed that the farmers in the country are likely to sell AU$73 billion farms produce in the current fiscal year. Poor yields from drought-hit countr.....
There is one cyber-attack every 8 minutes in Australia: ACSC
September 17, 2021 06:11 PM AEST| By Priyanka PayalIn a startling revelation, the Australian Cyber Security Centre (ACSC) stated in its Annual Cyber Threat Report 2020–21 that Australia is reporting a cyber-attack in every 7.8 minutes. The report also disclosed that close to a quarter of cybe.....
Here’s how AI can help treat COVID-19 patients
September 17, 2021 06:11 PM AEST| By Tripti JoshiHighlights Artificial intelligence and machine learning in healthcare can help in disease prevention, diagnosis, as well as in developing customised treatments. The current COVID-19 pandemic has sparked new research to use artificial inte.....
NFT trader OpenSea admits insider trading, Head of Product resigns
September 17, 2021 04:43 PM AEST| By Sukriti NairHighlights OpenSea admits insider trading claims. Twitterati had accused Nate Chastain of holding secret wallets and gains. The Company, ‘incredibly disappointed’, asked Chastain to resign. Peer-to-peer marketplace for NFTs, r.....
Australian farmers are on track to achieve record production in 2021-2022
September 17, 2021 03:45 PM AEST| By Sonal SinhaWhile due to extreme weather conditions in Canada and Russia, wheat production is projected to decline in 2021-22, Australia expects to winter crop production in 2021–22 is forecast to be well above average. Winter crops include: Cereals .....
Decoding inflation: What is it and how does it impact economy of a country?
September 17, 2021 01:18 PM AEST| By Furquan MoharkanGovernments across the world bother about mostly two economic indicators – inflation and gross domestic product (GDP). The latter shows the economic might of the country; higher the GDP growth of the country, the better positioned its governmen...
‘Fuming over Australia's submarine deal, France cancels US gala’
September 17, 2021 12:52 PM AEST| By Team Kalkine MediaFrance has moved to cancel the gala to commemorate the “240th Anniversary of the Battle of the Capes,” after Australia abruptly cancelled submarine contract with the European nation and opted for a one with the US. Representative Ima.....
SpaceX makes history as all-civilian crew zooms into space
September 17, 2021 08:25 AM AEST| By Team Kalkine MediaHighlights The Falcon 9 blasted off from Kennedy Space Center in Florida on Wednesday. Jared Issacman commanded the space orbit mission. The crew capsule is expected to touch down off the Florida coast after three days. SpaceX marked a ne.....
AUKUS: Australia, UK, US join forces to stave off Chinese threat
September 16, 2021 08:15 PM AEST| By Furquan MoharkanHighlights US, UK and Australia have joined hands to thwart the Chinese influence in Indo Pacific The partnership has been named as AUKUS. This follows up Quad – a partnership between US, Australia, Japan and India &ndash.....
Staffing shortage: a glaring concern in the healthcare service sector
September 16, 2021 08:13 PM AEST| By Tripti JoshiHighlights Some countries are facing a shortage of healthcare service providers with the newest rise in the cases of COVID-19. The shortage of the healthcare workforce is affecting the working capacity of medical centers. Australian Health Min.....
Healthcare giants on track to develop COVID-19 booster shot over waning post-vaccine immunity
September 16, 2021 06:50 PM AEST| By Tripti JoshiA COVID-19 booster shot is an additional dose administered after the protection obtained from the original doses starts to drop. The booster or a third dose is meant to help people maintain their immunity level for a longer period. RELATED ARTICLE.....
Australia to get nuclear submarines amidst growing tension in South-China Sea
September 16, 2021 02:31 PM AEST| By Priyanka PayalHighlights US President Joe Biden has said that the US will share secret nuclear technology to assist Australia in shifting to nuclear-powered boats. A trilateral partnership was unveiled Wednesday between US, UK and Australia. The new partner.....
Confused about crypto jargons? Here are 10 basic terms to know
September 16, 2021 11:11 AM AEST| By Furquan MoharkanWith the cryptocurrency mania gripping the world, the digital asset is attracting more and more investors with time. With the increasing investor base, there has to be an increase in investor awareness. While most people have heard of cryptocurrency,...
Five company deals that grabbed the headlines this week
September 16, 2021 10:56 AM AEST| By Ipsita SarkarHighlights Goldman Sachs Group, Inc. is acquiring GreenSky for US$2.2 Bn. Pagaya Technologies Ltd. to go public through a SPAC deal worth US$9 Bn. Intuit is acquiring Mailchimp for US$12 Bn. A series of deals involving companies from vari.....
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