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Afterpay fiasco: What is a class action lawsuit and what is its significance?
June 08, 2021 03:45 PM AEST| By Furquan MoharkanOn Tuesday, it was reported that Australian fintech giant Afterpay Ltd (ASX:APT) is facing a proposed class action complaint filed in the US Northern District Court of California by two US law firms. The claim alleges that the company’s marketi...
Historic! Biogen’s aducanumab becomes the first FDA-approved Alzheimer’s drug in ~20 years
June 08, 2021 03:14 PM AEST| By Tripti JoshiSummary Biogen has received accelerated approval from the Food and Drug Administration (FDA) for its Alzheimer’s disease (AD) treatment, aducanumab. The clinical trials results demonstrate that aducanumab reduced amyloid-beta plaques by 5.....
Money For Nothing? The Economic Marketplace of Art
June 08, 2021 02:28 PM AEST| By Daniel Paul JohnsSummary The world of art has always encompassed a society often mocked for its pretentiousness, paying through the nose for works that on the surface could’ve been done by a blindfolded kindergartener. And yet, some of these so-called work.....
APAC shares in green, ASX 200 the best performer; Japanese GDP beats estimates
June 08, 2021 11:58 AM AEST| By Furquan MoharkanSummary APAC markets are in the green after the Japanese economy performed better than the estimates. China is trading in the red. The ASX 200 is the best performer in the region. The equity markets in the Asia Pacific region were mostly .....
India offers free COVID-19 vaccines to all as daily cases hit 68-day low
June 08, 2021 11:12 AM AEST| By Furquan MoharkanSummary India has declared to offer free vaccines to all adults. The move comes a week after the top court lashed out at the central government for botched-up vaccine rollout. The daily cases in the country have slipped to a 68-day low. I.....
Second high-profile exit: Another Tesla veteran quits
June 08, 2021 10:58 AM AEST| By Furquan MoharkanSummary Tesla veteran Jerome Guillen quits the EV maker. Move comes just three months after he was appointed the head of trucking business. He is the second top executive to quit in less than two months. Jerome Guillen – a veteran a.....
US Stocks Start Week On Hesitant Note As Blue-Chips Retreat
June 08, 2021 08:30 AM AEST| By Sanjeeb BaruahBenchmark US indices began the week with a subdued note on Monday as investors returned to a new trading session following their weekend break. The S&P 500 was down 0.08% to 4,226.52. The Dow Jones Industrial Average declined 0.36% to 34,630.24....
Real Estate & Technology Shares Pushed British Equities Marginally Higher
June 08, 2021 03:59 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 7.61 points or 0.18 per cent lower at 4,222.28, Dow Jones Industrial Average Index dipped by 115.70 points or 0.33 per cent lower at...
Eyeing tax credits in 2021? All about frauds & renewals
June 08, 2021 02:41 AM AEST| By AbhijeetSummary Tax credits are typically extra payouts from the government Mostly, the low-income individuals are eligible claimants In 12 months to 30 April 2021, phone scams rose 135 per cent The personal earnings of individuals have taken a n.....
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Why are these FTSE Stocks Trending Today-Rolls Royce, Lloyds, and Argo Blockchain?
June 07, 2021 10:17 PM AEST| By Kamalika GhoshSummary Shares of Lloyds Banking Group moved up after the bank said it would focus on a home, hybrid, hub structure of working. News that the aviation industry is set to see strong recovery supported Shares of Rolls Royce. Housebuilding stocks.....
UK’s Business Confidence At 7-Year High in May but Delta Variant Can Play Party Pooper
June 07, 2021 07:22 PM AEST| By Kamalika GhoshSummary UK’s business confidence soared to a seven-year high in May, according to the latest Business Trends by BDO. The easing of restrictions under the exit roadmap has played a part in upping sentiments. Services sector index included.....
Government Reportedly Mulling Over Delaying Exit from Lockdown in England
June 07, 2021 07:11 PM AEST| By Kamalika GhoshSummary Wearing of masks and social distancing restrictions are likely to remain in place until 5. The number of people with Covid-19 cases has risen by 75 per cent in England for the week ending 4 June. The Delta variant was said to be 40 per.....
Role of mRNA vaccines in combating COVID-19: Pros & Cons
June 07, 2021 03:29 PM AEST| By Tripti JoshiSummary Scientists have been examining messenger RNA (mRNA) vaccines for decades and have gained attention as an important way to tackle COVID-19. mRNA is a type of ribonucleic acid (RNA) necessary for protein production in the body. Despite t.....
Tesla pulls the plug on Model S Plaid Plus plan
June 07, 2021 02:57 PM AEST| By Furquan MoharkanAmerican electric vehicle maker Tesla Inc (NASDAQ:TSLA) has officially cancelled the most expensive variant of its flagship sedan – the Model S Plaid Plus. “Plaid+ is canceled. No need, as Plaid is just so good,” tweeted Tesla CEO...
APAC markets mixed as China trade data misses estimates
June 07, 2021 02:15 PM AEST| By Furquan MoharkanSummary APAC markets are a mixed bag after China trade numbers missed the estimates. China and Australia are trading in the red. Japan and Korea are in the green. The markets across the Asia Pacific (APAC) region were mixed on Monday morn.....
How is virtual reality transforming the healthcare sector?
June 07, 2021 12:19 PM AEST| By Tripti JoshiSummary Virtual reality (VR) in the healthcare sector is in a nascent stage. However, it is gaining popularity as many healthcare organizations have started implementing virtual reality. VR solutions allow both patients and healthcare professio.....
What is PMI and why is it important?
June 07, 2021 11:03 AM AEST| By Furquan MoharkanThe Purchasing Managers’ Index (PMI) has been in news all through the last two weeks. Many countries across the world released their PMI numbers for the month of May – which determined the trend in their stock markets. So, what is PMI?...
Bitcoin As Legal Tender: El Salvador First Nation To Back Cryptocurrency
June 06, 2021 07:02 PM AEST| By Raza NaqviSummary This move could change the course of the crypto industry globally. Cryptocurrencies are not accepted as legal tender and El Salvador's move may set a new benchmark. President Bukele’s political party Nuevas Ideas controls the El .....
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Will China’s Crackdown On Bitcoin Mining Start An Exodus?
June 06, 2021 05:48 PM AEST| By Raza NaqviChina is a leader in many aspects, including crypto mining – a process that consumes massive electricity to generate new coins through specialized power-hungry machines known as mining rigs. Based on the study of the University of Cambridge's...
G7 Group Strikes Deal On Taxing Multinationals
June 06, 2021 05:33 PM AEST| By Raza NaqviIn an unprecedented move on Saturday, June 5, the Group of Seven (G7) countries struck a historic deal to overhaul international laws stopping corporate tax avoidance by large multinational companies.Under the new agreement put forward by the Finan.....
