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Crypto crash & Murphy’s law: The recent dip shows correlation
September 08, 2021 06:30 PM AEST| By Manu ShankarSoon after El Salvador made Bitcoin its legal tender, the cryptocurrency market had once again reminded us of the Murphy’s law, which states that ‘anything that can go wrong will go wrong’. That’s what happened on Tuesday an.....
Employees are resigning in droves: What’s fuelling the Big Quit?
September 08, 2021 08:57 AM BST| By Furquan MoharkanOne of my favourite mentees, Sonal Gupta (name changed), who has turned out to be a competitive journalist, was recently talking to me about her professional career. She suddenly sprung a surprise, saying she might quit journalism. When I prodded f.....
7 new crypto scams that investors should watch out for
September 08, 2021 05:24 PM AEST| By Rishika RainaCryptocurrency investments are one the latest rage worldwide, and so are crypto scams, which are hitting an all-time high in 2021. According to FTC, crypto scams were 12 times higher in 2020 as compared to 2019. Cryptocurrency exchanges, such as Co.....
Panama Introduces Crypto Bill
September 08, 2021 05:16 PM AEST| By Daniel Paul JohnsHighlights Independent Panamanian Congressman, Gabriel Silva, introduced a bill on Monday proposing the regulated use of cryptocurrencies throughout the country. One of the key differences between Panama’s crypto bill and El Salvador&rsqu.....
Asia Pacific: Closed borders, porous markets
September 08, 2021 07:35 AM BST| By Furquan MoharkanHighlights Other than India and Vietnam, not many equity markets have seen abnormal returns in 2021 Lot of major economies in the region have shut their borders to foreigners. The reopening of borders is still shrouded in ambiguity. The A.....
Is the UK staring at another lockdown in October?
September 08, 2021 07:26 AM BST| By Priya BhandariHighlights Sage member reported that the Government is planning ‘firebreak’ lockdown in October, if the infection rates and hospital admission keeps on increasing. However, some members feel the decision will depend on the success o.....
China coal futures hit record highs on strong electricity demand
September 08, 2021 02:55 AM BST| By Team Kalkine MediaCoal Ore Price Going Up High Increase in International Trading Export Import Market Highlights Thermal coal prices rose on Tuesday. China wants to reduce its reliance on coal-fired power plants for electricity. Coal production in China in 202...
Solana Jumps to Seventh Largest Crypto
September 08, 2021 11:43 AM AEST| By Daniel Paul JohnsThe Solana platform’s native token – SOL – has leapfrogged Dogecoin to become the seventh largest cryptocurrency by market capitalisation. Solana has a market cap of US$50.03 billion according to CoinMarketCap, which is approxima.....
Oil slips on demand concerns in the US and Asia
September 08, 2021 02:41 AM BST| By Team Kalkine MediaCrude Oil Price Fall Down with Refinery Plant and Currency Highlights Crude oil prices inched lower on Tuesday. Saudi Arabia has cut the rates of crude oil for Asian markets. Oil prices got support from supply disruptions in the US. Crud...
EI Salvador grabs the spotlight adopting Bitcoin as its official currency
September 08, 2021 01:21 AM BST| By Team Kalkine MediaHighlights EI Salvador became world’s first country to make Bitcoin its official currency. The country bought 400 bitcoins running ahead of the roll-out, planning to buy a lot more of them. Salvadoran Government launched its wallet app.....
US stocks drift on slow pace of economic recovery
September 07, 2021 03:00 PM PDT| By Sanjeeb BaruahS&P 500 and Dow Jones slipped on Tuesday, September 7, dragged down by fears of a slowdown in economic recovery, while Nasdaq was marginally up after firms like Apple and Facebook saw gains. The S&P 500 was down 0.34% to 4,520.03. The Dow Jo...
British & European Equities Inched Lower; Shares of Esken Jumped 12.94%
September 07, 2021 07:26 PM BST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 16.83 points or 0.37 per cent lower at 4,518.60, Dow Jones Industrial Average Index dipped by 250.92 points or 0.71 per cent lower at...
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PM Johnson raises taxes to fund social care, NHS
September 07, 2021 04:19 PM BST| By Rishika RainaHighlights PM Boris Johnson declared that his government would raise taxes for funding social care reforms and the National Health Service. Johnson plans to increase the UK’s National Insurance levy by 1.25%, with taxes on shareholders al.....
FTSE100 trades lower, dragged by tax hike announcement
September 07, 2021 04:10 PM BST| By Sreenivas D AjankarFTSE100 traded modestly in the negative zone, down by 0.18% at 7,174 in the afternoon trades, while the mid-cap focused FTSE 250 index trades at 24,177, down by 0.29%. The UK government today announced a tax hike of 1.25% on shareholders profits al.....
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El Salvador Adopts Bitcoin – 5 Knock on Effects
September 07, 2021 10:43 PM AEST| By Daniel Paul JohnsEl Salvador has officially become the first country in the world to adopt Bitcoin as legal tender alongside the dollar. This makes El Salvador somewhat of an experiment as other countries watch closely to see if the people of El Salvador will choo.....
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What is the actual cost of buying a home in Australia?
September 07, 2021 10:11 AM BST| By Sonal SinhaHighlights Purchasing a home is a life changing experience in one’s life. The cost of the property depends on the location and value of the property. Property price includes other fees along with the actual property price. Pur.....
After space mission, Jeff Bezos eyes age reversal solutions
September 07, 2021 09:17 AM BST| By Nidhi GuptaAltos Labs, a startup that works on reversing biological aging, plans to open a Cambridge UK-based research lab. The company is funded by Amazon’s founder Jeff Bezos and has raised about £231 million ($270 million) to develop biological.....
New ACCC plan laws spells tough times for big tech
September 07, 2021 09:09 AM BST| By Team Kalkine MediaHighlights Big tech companies are facing hard time due to the new tough regulations under the ACCC plan. The Australian government has been considering new laws for Apple, Google, and other tech giants. New reforms are expected to incl.....
RBA monetary policy: Going ahead with truncated bond buying; 130th month without rate hike
September 07, 2021 09:02 AM BST| By Furquan MoharkanHighlights Central bank to press ahead with plans to truncate bond-buying spree Cash rate maintained as it is – for 131st month a trot. RBA Chief calls COVID-19 hit as ‘‘temporary.’ Overall, Australia is not as bad.....
Neobank- BTCM partnership: a new ray of hope for Australia’s crypto habitat
September 07, 2021 08:57 AM BST| By Rini ZachariahThe lackadaisical attitude of banks towards the crypto ecosystem has become an opportunity fintech companies want to grab. Neobank Volt, a licensed institution for authorised deposit-taking, is now partnering with BTC Markets (BTCM), Australia's la.....
