World news

Elon Musk to defend Tesla’s US$2.6B acquisition of SolarCity on Monday

July 11, 2021 04:40 PM AEST| By Tripti Joshi

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk is expected in court on Monday, 12 July, for defending his role in the Company’s US$2.6 billion acquisition of SolarCity in 2016. If Musk loses the case, he might have to pay US$2+ billion from his weal.....

Another blow for tech players as China stiffens rules on overseas IPOs

July 11, 2021 01:49 PM AEST| By Tripti Joshi

Summary China’s internet regulator has planned new cybersecurity review rules for the companies looking for an international listing. With the new rule, companies holding data of over 1 million users must seek cybersecurity approval if th.....

Which are the world’s happiest countries?

July 11, 2021 11:02 AM AEST| By Team Kalkine Media

Summary Countries with smaller populations are happier. The top 20 ranks were almost identical to the previous year. Interestingly, life evaluation scores in the top 10 countries are more than twice those in the bottom 10. Positive emotions ma.....

How have the top 20 banks in the world fared in last one year?

July 11, 2021 01:55 AM AEST| By Furquan Moharkan

Global banking is at a crossroads – a kind of situation where a prudent investor would think twice before investing in banks owing to the stress in the asset quality down the line. On the other hand, banking stocks promise a great future owing...

Who is Zeng Yuqun? Meet the man who dethroned Jack Ma as China’s richest

July 11, 2021 12:57 AM AEST| By Furquan Moharkan

For a significant period of time, e-tailing behemoth Alibaba Group Holding Ltd’s founder Jack Ma managed to hold on to the crown of Asia’s richest person. However, after the advent of Reliance Jio – the telecom business of Indian bi...

What does payroll jobs, retail sales & dwelling indicators mean for Australian economy?

July 11, 2021 12:51 AM AEST| By Team Kalkine Media

Summary The number of payroll jobs increased by 0.3% nationally over the first half of June till 19-June 2021. In May, the number of housing allowed fell 7.1% y-o-y. The retail turnover increased by 0.4% m-o-m in May, quicker than expected. .....

When stress is good for you

July 11, 2021 12:13 AM AEST| By Team Kalkine Media

Is stress all bad? Perhaps not! We feel negative when we hear the word, but studies show that some stress now and then could be good for your health. We feel stressed when challenges are bigger than the resources we have in hand to cope with. Exper...

US markets draw the curtain on a topsy-turvy week with positive note

July 10, 2021 07:06 AM AEST| By Sanjeeb Baruah

Benchmark US indices recovered the previous day’s losses to end the week on a high note on Friday, July 9, with the S&P 500 notching another record close amid a grim outlook on the pandemic front. The S&P 500 was up 1.13% to 4,369.55....

What is the COVID-19 lambda variant, and how fast is it spreading?

July 10, 2021 12:44 AM AEST| By Tripti Joshi

Summary The lambda variant of the novel coronavirus originated in Peru, South America, and has spread to 30 countries so far. On 14 June 2021, the WHO had declared the lambda strain as a variant of interest. However, the research is still going.....

Third shot of COVID-19 vaccine: Pfizer to seek US authorization

July 09, 2021 06:15 PM AEST| By Tripti Joshi

Summary Researchers are investigating the third dose of the COVID-19 vaccine to provide better protection against the emerging variants of the coronavirus. Pfizer disclosed that the Company would seek US authorization for a third dose of its CO.....

Why APAC indices are in choppy waters today

July 09, 2021 03:50 PM AEST| By Furquan Moharkan

The benchmark indices of equities across the Asia Pacific (APAC) region slumped on Friday following an overnight sell-off on Wall Street. But in the APAC region, COVID-19 seems to be resurfacing, leading to a panic sell-off across the region. Morgan...

Know the 10 biggest retail companies around the world in 2021

July 09, 2021 03:41 PM AEST| By Manika

The year 2020 was the best and the worst year for the retail sector. It was the best year as shoppers who were working from home had a new set of needs, especially the need for online shopping. Retailers had to reinvent themselves to develop online.....

No spectators at Tokyo Olympics as COVID-19 is rearing its ugly head again

July 09, 2021 02:42 PM AEST| By Furquan Moharkan

Last year, when the Tokyo Organising Committee (TOCOG) and the International Olympic Committee (IOC), despite their initial resentment, postponed the Tokyo Summer Olympics 2020 to a rescheduled date “beyond 2020 but not later than summer 2021&r...

Where do major auto companies get their lithium from?

July 09, 2021 02:39 PM AEST| By Team Kalkine Media

The demand for lithium is heating up, sparking concerns about tight supplies of the metal. Lithium is the main component of chargeable batteries, which are crucial for the electric vehicle (EV) revolution. The prices of lithium carbonate recently .....

QUAD needs to think economics. Here is why

July 09, 2021 01:29 PM AEST| By Furquan Moharkan

As the world is trying to battle its way out of the COVID-19 pandemic, the skepticism towards China has multiplied manifold in the past one and half year. Whether this skepticism is diplomatically right or wrong, is a question of debate. Many have a...

Wall Street stocks retreat on economic concerns

July 09, 2021 07:46 AM AEST| By Sanjeeb Baruah

All major US stock markets closed their sessions in red on Thursday, July 8, as a continued demand and supply imbalance raised concerns about the health of the American economy, and investors pulled back from risky bets. The S&P 500 was down 0.8...

Which were the hottest global tech IPOs in 2021?

July 08, 2021 07:03 PM AEST| By Sonal

Companies are compelled to employ technology to rethink virtually every aspect of their business as a result of the COVID-19 outbreak. The adoption of digital technologies has sped up with changes in the ways businesses operate. Subsequently, funding...