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Why Inflation right now could add fuel to income inequality
June 14, 2021 12:23 AM AEST| By Furquan MoharkanAs countries across the globe – from China to the US – have been reporting record inflation numbers, it could be having greater consequences than we can think about. There are four types of inflation that exist: creeping inflation (when...
G7 Nations Take Aim At China’s Belt & Road With B3W Project
June 13, 2021 04:18 PM AEST| By Raza NaqviSummary The Group of Seven countries have come up with a 'Build Back Better World' (B3W) project to counter China's Belt and Road Initiative (BRI). The BRI was launched in 2013 by President Xi Jinping to increase China's influence and make it e.....
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US Lawmakers Introduce 5 Bills To Undercut Big Tech Giants' Monopoly
June 13, 2021 03:57 PM AEST| By Raza NaqviSummary The bills come after a 16-month long investigation into the economic dominance of big tech companies. The five bills now need passage from the House of Representatives, the Senate and US President Joe Biden. Big tech companies have oft.....
Climate Investments Must Triple By 2030 To Save Nature: UN
June 13, 2021 12:26 AM AEST| By Team Kalkine MediaSummary Currently, 86 percent of fund come from the governments, financial institutions, or climate protection groups, and the rest, 14 percent, are infused by the private sector. In 2018, private sector contribution was US$18 billion, mobilize.....
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Is cloud computing the future of all businesses?
June 13, 2021 12:26 AM AEST| By Team Kalkine MediaSummary With the onset of an ongoing pandemic, every business is looking towards cloud technologies for survival and growth. Cloud service is getting deployed fast across several markets and geographies. Major cloud service providers are alrea.....
Burger Chain McDonald’s Becomes Latest Victim Of Cyberattack
June 12, 2021 01:19 PM AEST| By Team Kalkine MediaSummary Cyber criminals hack into McDonald’s employee and customer data in South Korea and Taiwan. Meat company JBS and energy firm Colonial Pipeline also have been the target of cyberattacks. JBS and Colonial Pipeline were forced to pay.....
Virginia Joins Global Fight Against Plastic Pollution
June 12, 2021 10:34 AM AEST| By Team Kalkine MediaSummary As per the law, anyone above the age of 16 who intentionally litter plastic outdoors will be fined US$25. It also prohibits the release of 50 gas balloons or more in the air within an hour. The goal is also to reduce single-use plastics.....
US Markets Close Higher Ahead of Fed Meet Next Week
June 12, 2021 07:46 AM AEST| By Sanjeeb BaruahBenchmark US indices closed the week higher on Friday, June 11, ahead of a crucial meeting of the Federal Reserve that may deliberate on the recent spike in inflation and other developments. The S&P 500 was up 0.19% to 4,247.44. The Dow Jones ro...
Crackdown on fake medicines trade: Thousands of counterfeit online pharmacies shut worldwide
June 12, 2021 12:48 AM AEST| By Tripti JoshiSummary A record number of web links, including websites and online pharmacies, have been closed under an Interpol-led Operation. Fake COVID-19 tests, face masks and sanitizers made a significant proportion of the counterfeit products. The cou.....
APAC market mixed; ASX200 up 0.12%
June 11, 2021 01:49 PM AEST| By Furquan MoharkanSummary Asia markets opened on a mixed note on Friday. Chinese shares were in the red. Overnight, the S&P 500 closed at a record high. The equity markets in the Asia-Pacific (APAC) were mixed in Friday trade, after overnight gains on .....
What are signs of a stagflation? Are we headed there?
June 11, 2021 12:57 PM AEST| By Furquan MoharkanIn economics, a higher gross domestic product (GDP) growth means that people in that country have more income. A higher income leads to more spending, which in turn, increase the prices of products and that leads to a spike in inflation. In contrast...
COVID-19: Are Intranasal vaccines better than the traditional vaccine shots?
June 11, 2021 10:47 AM AEST| By Tripti JoshiSummary The intranasal route of vaccine administration has enormous potential because of the organized immune system of the nasal mucosa, high compliance, and low cost. Scientists believe that intranasal vaccines will reduce the virus load in t.....
US Stocks Advance After Mixed Cues From Economy
June 11, 2021 08:28 AM AEST| By Sanjeeb BaruahAll benchmark US indices closed higher on Thursday, June 10, after investors appeared to have ignored new labor data, which showed that consumer prices surged to a record 13-year high in May. The S&P 500 rose 0.47% to 4,239.18. The Dow Jones gai...
Electronic Medical Records (EMR): What are they, and why do we need them?
June 10, 2021 04:39 PM AEST| By Tripti JoshiSummary Electronic Medical Records (EMR) are real-time patient records that provide medical information immediately and securely to authorized users. EMRs are developed to share information with other health care providers (HCPs) and organizati.....
What is BNPL and why is it important?
June 10, 2021 03:04 PM AEST| By Furquan MoharkanThe buy now pay later (BNPL) is an age-old concept, revived in a trendy way by Fintech companies across the world. To put it simply, it means a customer taking home their purchase but paying for it on a later date. In BNPL, a customer buys the produ...
UN urges countries to focus on quick COVID-19 vaccination
June 10, 2021 02:46 PM AEST| By RomaSummary The UN urges countries for the prioritisation of quick vaccine delivery. The UN says monetary gains should be left secondary. Why is there a need to expedite the process of vaccination? With the vaccine roll-out underway in differ.....
APAC markets in green; ASX200 up 0.44%
June 10, 2021 12:49 PM AEST| By Furquan MoharkanThe equity markets in the Asia-Pacific (APAC) region were trading in the green, even as the Dow Jones Industrial Average continued its losses for the third consecutive day. Japan’s Nikkei 225 was trading 29 basis points (bps) higher while th.....
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US Stocks Edge Lower As Financials, Industrials Slip
June 10, 2021 08:13 AM AEST| By Sanjeeb BaruahBenchmark US indices closed lower on Wednesday after financials, industrials, and consumer stocks led a broad retreat in the markets amid mixed global and domestic cues. The S&P 500 was down 0.18% to 4,219.55. The Dow Jones shed 0.44% to 34,447....
What China’s record factory-gate prices mean for global economy
June 09, 2021 07:34 PM AEST| By Chitranjan KumarSummary China’s factory-gate prices hit a 12-year high in May on higher commodity prices. The producer price index (PPI) rose to 9% in May, up from 6.8% reported in April 2021. The consumer price index surged to 1.3% in May, compared to .....
COVID-19 vaccine booster shots: do we really need them?
June 09, 2021 03:00 PM AEST| By Tripti JoshiSummary There’s been a lot of discussion around COVID-19 booster shots, considering the emergence of new variants in recent months. Experts highlight that people will likely need a third dose, or a booster shot, of the COVID-19 vaccine af.....
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