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World news
What exactly is London Hard Fork and how will it transform Ethereum?
August 05, 2021 07:16 PM PDT| By Furquan MoharkanThe world’s second largest cryptocurrency, Ether, is set to see an upgrade as open-source blockchain Ethereum has undergone a major revamp in the form of ‘London Hard Fork’. The upgrade was done on 5 August 2021 and since then the p...
Australia making strides in the adoption of AI in healthcare
August 05, 2021 06:34 PM PDT| By Tripti JoshiSummary Artificial intelligence (AI) has enormous potential in healthcare, from mobile education solutions to drug discovery. AI-based solutions can help clinicians to assist decision-making for the diagnosis and treatment of any disease. AI-b.....
Slaying it like a boss: Meet Australia's five female entrepreneurs
August 05, 2021 01:42 AM PDT| By Daniel Paul JohnsSummary In 2021, the demographics of the entrepreneur landscape has changed considerably, with a sizeable portion of women in the area. Melanie Perkins’ company – Canva - is worth over AU$8.5 billion and competes with the like.....
Robinhood fails to win investors on NASDAQ debut
August 04, 2021 11:45 PM PDT| By Team Kalkine MediaSummary The share price of Robinhood Markets Inc on its first day of trading closed at US$34.82, which is 8.36% less than the Company’s initial public offering price of US$38.00. Robinhood Market Inc shares are trading on Nasdaq under the.....
What’s happening in APAC markets today?
August 04, 2021 10:00 PM PDT| By Furquan MoharkanThe equity markets across the Asia Pacific (APAC) region were mixed on Thursday, with Japan and Australia basking in the green, China mixed and South Korea in the red. Investors were closely tracking the Hong Kong-listed shares of firms related to t...
Tencent CEO Pony Ma has US$14 billion wiped off his fortune; here’s why
August 04, 2021 07:48 PM PDT| By Furquan MoharkanMa Huateng, also known as Pony Ma, is the founder and Chief Executive of Asia tech major Tencent Holdings Ltd. Mr Huateng is among the top six richest Asians – just one rank below Jack Ma of Alibaba Holding Ltd. But he seem to be running out o...
Robinhood shares rally 100% this week
August 04, 2021 06:09 PM PDT| By Furquan MoharkanShares of California-based American financial services company Robinhood Markets Inc (NASDAQ:HOOD) have rallied 100% in the current week, as the stock surged by a whopping 50.41% overnight in Wall Street. During the day, the trading of the company&r...
These 10 European companies are taking business world by storm
August 04, 2021 05:02 PM PDT| By Jasmine AnandSummary Europe being a technically advanced continent, boasts some of the biggest companies across the globe, which are also leaders in their respective market segments. Nestle, a consumer goods company, has a huge variety of products liked by .....
APAC markets mixed: ASX200 tries to shed policy blues, China tech tumbles
August 03, 2021 09:30 PM PDT| By Furquan MoharkanSentiments in the equity markets across the Asia Pacific region were mixed on Monday as investors got mixed cues from different countries. Morgan Stanley Capital International’s broadest index of Asia-Pacific shares outside Japan traded 1.46%...
Deadlier than Spanish Flu? Global COVID-19 caseload tops 200 million mark
August 03, 2021 07:53 PM PDT| By Furquan MoharkanThe ongoing COVID-19 pandemic has breached yet another unwanted milestone in its one-and-a-half-year life: more than 200 million people have contracted the virus. Yes, on Tuesday, as the world reported 601,293 fresh daily cases and almost 10,000 dai...
What do we mean by medical billing and coding?
August 03, 2021 07:03 PM PDT| By Tripti JoshiSummary Medical billing and coding help healthcare facilities manage insurance claims, invoices, and payments. In medical coding, the billable information is extracted from clinical documentation, and medical billing uses those codes to generat.....
Three Young Kings: Who are Australia’s top entrepreneurs under 40?
August 03, 2021 01:56 AM PDT| By Daniel Paul JohnsSummary Shopping from home has become a necessity in these COVID-19 restricted times, and Ruslan Kogan – of Kogan.com - has wasted no time capitalising on this trend. Jack Bloomfield is publicly touted as Australia’s youngest .....
Australia’s biggest buyout: What you need to know about Square-Afterpay takeover deal
August 02, 2021 10:49 PM PDT| By Furquan MoharkanCalifornia-based financial services and digital payments company Square Inc (NYSE:SQ) has announced its acquisition of Australian Fintech major Afterpay Ltd (ASX:APT). With the transaction valued at US$29 billion (AU$39 billion), this is the biggest...
APAC markets open mixed ahead of RBA decision
August 02, 2021 06:34 PM PDT| By Furquan MoharkanThe equity markets in Asia-Pacific (APAC) region traded mixed on Tuesday morning as investors are keenly looking out for the Reserve Bank of Australia’s latest monetary policy decision. In Japan, the benchmark Nikkei 225 slipped 0.34% in early...
Reinventing the Facebook: What does Zuckerberg’s metaverse plan mean?
August 02, 2021 11:56 AM PDT| By Team Kalkine MediaSummary Facebook Inc. (Nasdaq: FB) has created a ‘reality lab’ where researchers are working to make Mark Zuckerberg’s metaverse dream a reality. Facebook’s vast resources, knowledge, and user base will help build the pl.....
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The burgeoning fame of "buy now, pay later" entices a US$29 billion deal between Square and Afterpay
August 02, 2021 05:09 AM PDT| By Team Kalkine MediaSummary In a US$29 billion agreement, Square will purchase Australia's Afterpay. Square and Afterpay had inked a Scheme Implementation Deed following the requirements of a court-approved Scheme of Arrangement. Afterpay will accelerate Square's.....
Why to keep an eye on the 6 global stocks in 2021?
August 01, 2021 11:22 PM PDT| By ManikaInvestors today prefer to build their portfolio by diversifying their risks. There are several opportunities for investing in stocks of other countries these days. Gone are the days when it was unthinkable to invest in stocks of foreign companies s.....
APAC markets in green; US ups the ante on Chinese firms’ IPOs
August 01, 2021 09:53 PM PDT| By Furquan MoharkanSummary Japan leads the APAC rally. ASX200 touches a new record level. Afterpay shares surge 19% after the acquisition announcement. The equity markets across the Asia Pacific region seemed to move past the gloom of last week, as they tra.....
A week when central banks meet
August 01, 2021 07:58 PM PDT| By Furquan MoharkanIf the economy and the financial system were a ship, the captain of that ship would be the central bank of that economy. That conveys the importance of central banks across economies. While central banks may not be hogging as much limelight as govern...
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China tightens its grip on tech-based firms, threatens compliance deadlines
August 01, 2021 04:03 AM PDT| By Kamalika GhoshSummary China has threatened that compliance deadlines would be imposed on companies like Didi Chuxing. The Chinese authorities would increase oversight of the on-demand trucking and ride-hailing companies such as Didi Global Inc and Full Truck.....
