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World news
Selected EU nations suspend Moderna’s vaccine for young adults
October 07, 2021 10:19 AM BST| By Tripti JoshiHighlights Moderna’s COVID-19 vaccine suspended in some counties for younger adults due to some rare side effects. Sweden, Norway, and Denmark paused Moderna’s COVID-19 vaccine and urged younger adults to take Pfizer/BioNTech .....
Hong Kong shares lead the Asia Pacific rally
October 07, 2021 08:13 AM BST| By Furquan MoharkanThe rally in equities of Asia Pacific region on Thursday was led by shares in Hong Kong – a geographical sub-region that has seen its markets get battered this year despite a global rally. The Hong Kong benchmark, Hang Seng index, was up 2.1.....
China, Taiwan relationship at worst in last four decades: Taiwan
October 07, 2021 08:09 AM BST| By SamtaHighlights China-Taiwan geopolitical tensions have dominated the headlines in the recent days. The cold war like rhetoric can worsen racism against Asian Australians. China sees Taiwan as the part of its territory, but Taiwan sees itself as a.....
France to redefine relationship with Australia
October 07, 2021 06:09 AM BST| By SamtaHighlights France is sending its ambassador back to Canberra as it tries to redefine future relations with Australia. French Foreign Minister said that this step will end the programme for the future submarines. Paris had entirely reviewed it.....
How does Ripple payment work?
October 07, 2021 05:57 AM BST| By Jasmine AnandHighlights Ripple, which is both crypto and a payment method, is much sought-after by larger financial organisations for settling their cross-border payments. Its transaction fees are very small when compared to banks and other cryptos, thus ma.....
Qantas performs longest ever flight of over 17 hours
October 07, 2021 03:48 AM BST| By SamtaHighlights Qantas successfully performed their longest-ever commercial flight of over 17 hours. QF14 flew entirely in the daylight experiencing average headwinds of up to 35 kilometers per hour. This was Qantas’s longest ever non-stop fl.....
US stocks edge higher after weak start in early trade
October 06, 2021 10:50 PM BST| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, October 6, as stocks recovered following a weak start to the trading day and bullish sentiments rose after lawmakers sealed a debt-ceiling deal. The S&P 500 was up 0.41% to 4,363.55. The Dow Jones...
Crude futures hit three-year high; what’s driving the rally?
October 06, 2021 08:48 AM BST| By Furquan MoharkanThe prices of crude oil in the international markets have surged by a whopping 27% in the past one and a half months as the world continues to face the energy crunch. The December 2021 Futures of benchmark crude were trading at US$83 a barrel, up .....
What is a DApp platform? Is it secure to use?
October 06, 2021 07:46 AM BST| By Jasmine AnandHighlights Decentralised applications, popularly known as DApps, are innovative open-source, P2P network, allowing developers to create online tools, which are of the interest to businesses. These new-age software ecosystems are both secu.....
World View to charge US$68,585 for Epic Balloon Rides to the space.
October 06, 2021 05:58 AM BST| By SamtaHighlights World View Enterprises is developing a balloon-based system to carry people to the stratosphere. Passengers will float above the stratosphere on Spaceship Neptune. company is planning to charge US$68,585 per person and is currently.....
US stocks edge higher as big tech firms reap gains
October 05, 2021 10:54 PM BST| By Sanjeeb BaruahBenchmark US indices bounced back strong to close higher on Tuesday, October 5, boosted by robust gains in the technology sector. Economy-linked stocks also saw significant gains. The S&P 500 was up 1.05% to 4,345.72. The Dow Jones rose 0.92% to...
Evergrande contagion spreads: Another Chinese developer defaults
October 05, 2021 10:08 AM BST| By Furquan MoharkanHighlights The China Evergrande fiasco seems to be spreading. Chinese developers Fantasia Holdings and Sinic Holdings are in soup over their strained cash flow situations. Fantasia has total liabilities of CNY82.9 billion. The stress eman.....
Why Musk’s tweet about his dog did wonders for Shiba Inu
October 05, 2021 04:58 AM BST| By Jasmine AnandHighlights Elon Musk can't let go his temptation of tweeting about cryptocurrencies, especially meme-themed crypto coins. Recently, he posted a picture of his pet Shiba Inu, Floki, which led to the price rise of the coin. Many opine that it in.....
Facebook restores services after nearly six-hours of outage
October 05, 2021 03:22 AM BST| By Furquan MoharkanHighlights All three social media services owned by the company– Facebook, Instagram and WhatsApp were functional only after a global outage of almost six hours. Outage detector Downdetector said that it was the largest failure with arou.....
What’s Pandora Papers all about?
October 05, 2021 02:38 AM BST| By Furquan MoharkanThe Pandora Papers – pegged as the world’s largest expose of hidden wealth – is a collection of almost 12 million leaked documents that reveal tax avoidance and, in some of the cases, money laundering. The names exposed in it includ...
US markets retreat as technology stocks dip
October 04, 2021 10:37 PM BST| By Sanjeeb BaruahBenchmark US indices retreated on Monday, October 4, dragged down by losses in technology and communication stocks amid mixed signals. The S&P 500 fell 1.30% to 4,300.46. The Dow Jones was down 0.94% to 34,002.92. The NASDAQ Composite fell 2.14%...
Which companies accept Dogecoin as payment?
October 04, 2021 05:35 AM BST| By Jasmine AnandEarlier, when somebody talked about making purchases through a QR scan, transferring cryptocurrency from one wallet to another, it sounded like a process related to sci-fi. But, in present times, it has become a reality, as more and more retail out.....
Tesla’s (TSLA) robust sales beat expectations despite chip shortage
October 03, 2021 07:01 AM BST| By Anam SiddiquiTesla, Inc. (NASDAQ: TSLA) continues to make a splash in the global automotive industry on the back of its growing sales and out-of-the-box plans. The Palo Alto, California-based Company reported the sales of 241,300 electric vehicles worldwide, ex.....
Uncertainty around economic recovery deepens amidst the global supply chain crisis
October 03, 2021 07:00 AM BST| By Anam SiddiquiHighlights The rise in demand in the past couple of months has resulted in a global supply chain crisis. The demand for energy, goods, labour and transportation has surged significantly across several economies. The energy crisis h.....
US markets close higher as tech, energy stocks gain
October 01, 2021 10:02 PM BST| By Sanjeeb BaruahBenchmark US indices edged higher on Friday, October 1, after technology, energy, and communication stocks registered handsome gains lifted by positive economic data. The S&P 500 was up 1.15% to 4,357.04. The Dow Jones gained 1.43% to 34,326.46....
