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World news
Pfizer, Moderna COVID-19 vaccines under the lens as FDA adds heart inflammation warning
June 27, 2021 05:29 AM BST| By Mohammad ZaidSummary The US FDA has added a warning for Pfizer and Moderna COVID-19 vaccines to suggest an unusual risk of heart inflammation. Experts believe that the benefits of receiving vaccines outweigh the risks associated with them. WHO scientists h.....
Volkswagen shifts focus on EVs as it plans to move away from combustion engine sales
June 27, 2021 05:13 AM BST| By Mohammad ZaidSummary Growing concerns around sustainable modes of transportation are compelling leading automakers to take initiatives that are boosting electric vehicles demand. German auto giant Volkswagen is planning to focus more on electric vehicles an.....
Carbon-tracking startups sprout as climate action takes centerstage
June 26, 2021 11:16 PM BST| By Team Kalkine MediaAs climate change issues gain traction globally, many carbon-tracking startups are popping up across the world. And guess what? Their clients are ready to pay hefty amounts to get accurate forest data that can help determine carbon presence or seques...
How covid is changing our fitness habits
June 26, 2021 11:13 PM BST| By Team Kalkine MediaCovid has been an eye-opener for most people. It showed how a virus can wreak havoc in society, destroy lives and economies, but most importantly, it underscored the importance of health in life. Shaken and heartbroken by the daily deluge of disturb...
John McAfee found dead in jail: A peek into the software titan’s life
June 26, 2021 03:17 PM BST| By Furquan MoharkanJohn McAfee, the security software pioneer who seemed to live his life on the edge while mired in a gamut of legal woes, was found dead in his jail cell near Barcelona on Wednesday. Mr. McAfee reportedly died by suicide hours after a Spanish court a...
Why NATO sees climate change as a major threat?
June 26, 2021 11:08 AM BST| By Team Kalkine MediaClimate change has wreaked havoc across the world with heatwaves, droughts, floods, and icy weather conditions, killing millions of lives in these catastrophic events. While the EU already has an overarching framework to address the issue, its milita...
US stocks close week on positive note as financials lead
June 25, 2021 10:23 PM BST| By Sanjeeb BaruahBenchmark US indices closed the week on a positive note on Friday, June 25, as stocks saw broad gains led by financials despite some minor pushback from the tech segment. The S&P 500 was up 0.33% to 4,280.70. The Dow Jones gained 0.69% to 34,433...
Asia’s richest man moves to internationalise his company
June 25, 2021 07:23 AM BST| By Furquan MoharkanAsia’s richest man – billionaire Mukesh Ambani – has announced the appointment of Yasir Al-Rumayyan, Chairman of Saudi Aramco and Governor of Public Investment Fund (PIF), to the board of Reliance Industries Limited (RIL). "His joi...
APAC markets, except NZ, bask in a sea of green on US cues
June 25, 2021 06:02 AM BST| By Furquan MoharkanAll the equity markets in the Asia Pacific (APAC) region, save New Zealand, were trading in green on Friday, following in the footsteps of its peers in the US. In Japan, the benchmark Nikkei 225 was up 81 basis points at the time of filing this copy...
Why are policymakers averse to cryptocurrency?
June 25, 2021 05:59 AM BST| By Furquan MoharkanRarely do we find a situation when policymakers are averse to allow any new asset class in their domain. Policymakers usually treat an asset class as a new investment option. However, when it comes to cryptocurrency, policymakers seem to be singing...
COVID-19: What is Delta plus? Is it more dangerous than other strains?
June 25, 2021 04:08 AM BST| By Furquan MoharkanThe Delta plus variant of COVID-19 has been fast spreading across the globe. This has raised alarm bells among the policy makers – with some of them scared, while others adopting a wait and watch strategy. The three countries, which have seen...
NASDAQ, S&P 500 hit all-time highs after infra deal, labor recovery
June 24, 2021 11:25 PM BST| By Sanjeeb BaruahBlue-chip S&P 500 and NASDAQ Composite closed at all-time highs on Thursday, June 24, after markets responded positively to the news of President Biden’s US$1 trillion infrastructure deal and continued recovery of the US labor market, criti...
APAC markets end flat on mixed sentiments
June 24, 2021 09:33 AM BST| By Furquan MoharkanThe equity markets in the Asia Pacific (APAC) region closed mostly flat on a day when the sentiments across the geography seemed mixed. In Mainland China, shares closed mixed as the Shanghai Composite Index ended the trading day largely around the f...
Is Grayscale Bitcoin trust an ETF?
June 24, 2021 06:10 AM BST| By Furquan MoharkanThe world’s largest cryptocurrency, Bitcoin, has been one of the world’s most talked-about assets in 2021. Bitcoin prices, displaying a volatility worse than that of penny stocks, have had wild swings in last five months of this year. Sh...
Does investment maestro Warren Buffet trade in penny stocks?
June 24, 2021 04:08 AM BST| By Furquan MoharkanWarren Buffett, undoubtedly, has been the world’s most successful serial investor. With a net worth of over US$100 billion, Mr Buffett at one point in time, was the world’s richest man. He and Bill Gates of Microsoft Corporation used to s...
US markets close mixed as financials, energy stocks advance
June 23, 2021 11:26 PM BST| By Sanjeeb BaruahBenchmark US indices closed mixed on Wednesday, June 23, after financials and energy scrips advanced, while other stock segments remained subdued. The S&P 500 was down 0.11% to 4,241.84. The Dow Jones declined 0.21% to 33,874.24. The NASDAQ Comp...
COVID-19 a tailwind for pet care: What does the future hold?
June 22, 2021 09:36 AM BST| By Tripti JoshiSummary With pet owners spending more time with their pets, the animal health industry has witnessed a significant boost over the past 12 months. Amid the COVID-19 pandemic, pet therapy has become a popular medicine for humans. Several advance.....
What’s the link between ByteDance and TikTok?
June 22, 2021 07:37 AM BST| By Tripti JoshiByteDance, the most valuable start-up in the world, is the developer of social networking services and video-sharing apps such as TikTok and Douyin. Douyin is the Chinese-specific counterpart to TikTok. ByteDance was founded by Zhang Yiming in Marc.....
Bitcoin in a freefall as China doubles down on crypto crackdown
June 22, 2021 02:52 AM BST| By Furquan MoharkanBitcoin, Ethereum and Ripple coins - largest cryptocurrencies by market capitalisation. The price of the world’s largest cryptocurrency – Bitcoin – has now crashed more than 10% in the last 24 hours as China further tightened...
Rebound in energy, industrial stocks lift Wall Street
June 21, 2021 10:59 PM BST| By Sanjeeb BaruahBenchmark US indices closed higher on Monday, June 21, after the Dow Jones Industrial Average jumped 580 points as energy and industrial stocks rallied sharply amid a strong economic rebound. The S&P 500 was up 1.40% to 4,224.79. The Dow Jones r...
