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Bitcoin recoils 18% after slipping to $42,000
December 05, 2021 10:12 PM AEDT| By AbhijeetHighlights Bitcoin has turned extremely turbulent in the recent sessions The crypto-asset bounced back sharply to $49,699 on Sunday On Saturday, the cryptos encountered massive selling pressure Bitcoin has turned extremely turbulent.....
Can Omicron cause more damage than other COVID-19 variants? the latest findings
December 05, 2021 12:42 AM AEDT| By AshishOmicron is the latest buzzword worldwide after the World Health Organisation (WHO) recently flagged coronavirus strain B.1.1.529 (Omicron). Based on the preliminary evidence, scientists at the WHO are of the view that the people who previously cont.....
Growing club of Indian executives running global tech giants
December 04, 2021 01:06 AM AEDT| By ManishaHighlights Indian-origin persons are holding the top-most posts at several global tech companies. The latest addition to the long list of Indian CEOs is Parag Agrawal, Twitter’s new CEO. Some other names continue to inspire many In.....
Tennis Australia annual reports shows over AU$100M loss for FY20-21
December 03, 2021 09:13 PM AEDT| By Sonal GoyalHighlights Tennis Australia faced the loss of AU$100 million, as indicated in the 2021 annual report of the body. COVID-19 is the primary reason behind the loss. Tennis Australia's cash reserves of $80 million were depleted. Like the rest.....
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Didi: Why this Chinese ride-hailing giant wants to delist from NYSE?
December 03, 2021 08:18 PM AEDT| By Sreenivas D AjankarHighlights Chinese ride-hailing service provider Didi Chuxing said on Friday that it plans to delist its stock from the New York Stock Exchange. The company’s decision to delist its shares has come within six months of listing follo.....
US stocks rise, lifted by financial, energy stocks
December 02, 2021 01:33 PM PST| By Versha JainBenchmark US indices closed higher on Thursday, December 2, as stocks across all sectors, including financial, energy, healthcare, and technology, moved higher after Omicron concerns waned. The S&P 500 rose 1.42% to 4,577.10. The Dow Jones surge...
Tech giants under Morrison government scanner over user safety
December 02, 2021 08:36 PM AEDT| By SamtaHighlights Australia raises the possibility of more legislation on the tech giants with a new inquiry. The committee lawmakers will investigate the algorithms used by the social media platforms. Morrison said big tech companies have big questi.....
Australian healthcare startup Harrison.ai raises A$129M
December 02, 2021 01:21 PM AEDT| By Priyanka PayalHighlights Australian Healthcare startup Harrison.ai successfully raises AU$129 million to accelerate in one of the Country’s largest-ever Series B funding rounds. ai has also announced a fresh partnership with Sonic Healthcare (ASX:SHL) .....
US indices close lower, weighed down by tech, financial stocks
December 01, 2021 01:32 PM PST| By Versha JainAll key benchmark US indices closed in the red on Wednesday, December 1, weighed down by technology, basic materials, and financial stocks amid mixed global cues. The S&P 500 was down 0.42% to 4,547.63. The Dow Jones declined 0.69% to 34,246.34....
Virgin Australia reports A$3.7B profit; first in 10-years of history
December 01, 2021 07:16 PM AEDT| By Sukriti NairHighlights Virgin Australia reports billion-dollar profit in FY21. An unexpected profit is grabbing all the attention to its previously loss-making business. In its first since 2012, Virgin Australia has reported an AU$3.7 billion after-ta.....
Vinomofo buys Revel events to bring new food and wine shows
December 01, 2021 05:16 PM AEDT| By Sukriti NairHighlights Vinomofo acquires Revel events. Expectations are of a rise in food and wine events, with restriction easing. Online wine retailer Vinomofo has acquired Melbourne-based event company Revel. The acquisition decision builds on Vino.....
Aussie designer sues pop star Katy Perry over trademark infringement
December 01, 2021 02:10 PM AEDT| By Priyanka PayalHighlights A lawsuit has been filed against American Singer Katy Perry. Australian designer Katie Jane Taylor, with her maiden name Katie Perry, has alleged that the American pop star has infringed her trademark. The case will be heard in the .....
How can distributed cloud adoption support businesses in coming days?
December 01, 2021 01:58 PM AEDT| By Sonal SinhaHighlights Distributed cloud is an architecture where several clouds are used to meet compliance needs, performance requirements and support edge computing. Distributed cloud is cost-efficient, easy to implement, and has auto-update features. .....
EnGeneIC strikes historic deal with ImmunityBio
December 01, 2021 01:02 PM AEDT| By Priyanka PayalHighlights Australian biopharma firm EnGeneIC strikes a deal to grant US-based Biotech giant ImmunityBio, an exclusive license for nano cell technology for anti-cancer drugs and COVID-19 vaccines. Post this announcement, shares of ImmunityBio I.....
US stocks retreat on Omicron, inflation fears
November 30, 2021 01:30 PM PST| By Versha JainUS stocks slid on Tuesday, November 30, recording one of their worst performances in recent days as concerns over the new Covid-19 variant Omicron weighed on investors’ minds. The S&P 500 was down 1.90% to 4,567.00. The Dow Jones declined...
US stocks close higher as oil prices surge, Omicron worries ebb
November 29, 2021 01:31 PM PST| By Versha JainBenchmark US indices closed higher on Monday, November 29, after the major stock segments saw gains amid soaring oil prices and fading concerns around the Omicron variant of Covid-19. The S&P 500 climbed 1.32% to 4,655.12. The Dow Jones was up 0...
World in panic mode as Omicron arrives
November 28, 2021 11:18 PM AEDT| By AkshayHighlights Omicron has made its way to the UK, Germany, Italy, Israel, Belgium and Hong Kong. WHO has classified the new infection as a “variant of concern”. Omicron or B.1.1.529 strain was first confirmed from a sample collected o.....
US markets slip on new covid variant fears
November 26, 2021 01:28 PM PST| By Versha JainBenchmark US indices wrapped up the week on a gloomy note Friday, November 26, after concerns over a new covid variant in South Africa triggered bearish sentiments. The S&P 500 fell 2.27% to 4,594.62. The Dow Jones fell 2.53% to 34,899.34. The N...
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Australia’s depressing climate record comes under COP26 spotlight
November 26, 2021 09:43 PM AEDT| By SamtaHighlights Australia’s depressing climate record has grabbed COP26’ attention on the back of its negligible contribution to fighting the climate crisis. The country has come under the spotlight for not signing onto agreements like &.....
APRA issues final climate change policy guidelines
November 26, 2021 09:36 PM AEDT| By Priyanka PayalHighlights APRA issues final recommendations to help banks, insurers, and superannuation trustees in managing financial risks linked to climate change, without imposing any new rules. The move to a lower-emissions economy leads to financial ris.....
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