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APAC markets trading in green; Taiwan bounces back
May 18, 2021 04:44 PM AEST| By Furquan MoharkanThe equity markets in the Asia-Pacific (APAC) region were mostly trading in green on Tuesday as Taiwan led the pack with a sharp rebound. The Taiwan Weighted Index surged 4.90% on Tuesday, after a nearly 3% drop on Monday amid rising concerns over.....
COVID-19: WHO warns against ‘pandemic is over’ mindset, flags vaccine shortage
May 18, 2021 01:49 PM AEST| By Furquan MoharkanThe World Health Organisation (WHO) has warned that the COVID-19 pandemic is far from over despite decline in the global numbers in the past two weeks. “There’s a huge disconnect growing where in some countries with the highest vaccina.....
Here’s What You Need To Know About Commodity Supercycle
May 18, 2021 01:31 PM AEST| By Team Kalkine MediaSummary A commodity supercycle is a prolonged period of price increase of a commodity, usually due to a demand shock. Most supercycles have an underlying structural shift leading the prices to break their long-run levels. The first known commo.....
Michael Burry of ‘The Big Short’ fame has bet US$534 million against Tesla
May 18, 2021 11:07 AM AEST| By Furquan MoharkanMicheal Burry, the investor famous for foreseeing the subprime mortgage crisis and profiting from it, has a short position worth US$534 million against the electric vehicle maker Tesla Inc (NASDAQ:TSLA), a regulatory filing has revealed. According.....
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Crude Oil & Gold Prices Traded Higher; FTSE 100 Down 0.15%
May 18, 2021 04:29 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 23.38 points or 0.56 per cent lower at 4,150.44, Dow Jones Industrial Average Index dipped by 170.67 points or 0.50 per cent lower at 34,211.4...
Crypto Market Down: Is Elon Musk ‘Pumping & Dumping’?
May 18, 2021 02:05 AM AEST| By AnujTesla’s (US:TSLA, NASDAQ:TSLA) decision to stop accepting bitcoins as payment has worsened an already bear crypto market. Its impact was captured over the weekend as the overall crypto market tumbled more than 10 per cent, led by the heavy sell...
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AT&T-Discovery merger announced: 10 highlights of the deal
May 18, 2021 01:05 AM AEST| By AbhijeetSummary AT&T on Monday announced the anticipated amalgamation of WarnerMedia with Discovery Reacting to the development, AT&T shares rose as much as 5.09 per cent to 52-week high While Discovery shares fell into negative territory afte.....
Why UK Government Is Denying Support to Biden’s Minimum Global Business Tax
May 17, 2021 11:05 PM AEST| By Suhita PoddarSummary The UK wants the US and others to focus on bringing in provisions that make large MNCs pay more tax in the nation where they are operating. Biden’s plan could put a brake on shifting out of multinational companies out of the US wi.....
FTSE 100 retracts from day’s high as heavyweights crack
May 17, 2021 10:28 PM AEST| By AbhijeetSummary UK turned red in early, while FTSE 100 slipped over 1 per cent from day’s high Persisting Wall Street weakness continued to weigh on the London equities European markets also traded lower with France’s CAC 40 leading the lo.....
Will environmental concerns pave the way for Bitcoin to get greener?
May 17, 2021 09:31 PM AEST| By AayushSummary Environmentalists have been criticising bitcoin's energy consumption and its reliance on fossil fuels for a long time. Tesla could take an active role in helping make Bitcoin mining greener by investing in new technologies. Despite a f.....
WhatsApp’s New Privacy Policy Goes Live: Here’s What You Can Lose Out If You Don’t Accept the Rules
May 17, 2021 05:34 PM AEST| By Suhita PoddarSummary WhatsApp’s new privacy policy is set to go live on 15 May, it would now start forcing users to accept the new Terms of Service. The company had earlier said that it would be deleting users if they did not accept the new terms. .....
China’s retail sales numbers paint a dismal picture
May 17, 2021 04:34 PM AEST| By Furquan MoharkanThe world’s second largest economy, China, seems to be grappling with a sluggish economic recovery as consumer spending grew far lesser than expected. According to the data released by the National Bureau of Statistics, the retail sales in t.....
APAC markets open mixed as investors await Chinese datasets
May 17, 2021 12:54 PM AEST| By Furquan MoharkanSummary Monday morning was a mixed bag for APAC markets. Taiwan weighted index is down 1.63% -- the worst performer. Dow Jones New Zealand is up 1% -- the best performer. The Asia Pacific share markets opened on a mixed note on Monday, as.....
Is COVID-19 wave on the ebb? Signs of relief as cases decline
May 17, 2021 11:51 AM AEST| By Furquan MoharkanThe COVID-19 pandemic is seen easing out across the globe, as fresh infections in India have been dwindling for four days on the trot now. On Sunday, the world reported 529,851 fresh cases of the highly contagious virus – its lowest level in.....
Has Tesla dumped Bitcoin holdings? Elon Musk drops a hint
May 17, 2021 10:39 AM AEST| By Furquan MoharkanBillionaire Elon Musk on Sunday night hinted that Tesla Inc (NASDAQ:TSLA) might have dumped its holdings in the world’s largest cryptocurrency – Bitcoin. This triggered a 12% crash in Bitcoin prices from the 24-hour high. Musk’s .....
Israel-Palestine Conflict: Biden Calls For De-Escalation
May 16, 2021 05:41 PM AEST| By Kiran MuraliAmid the rising conflict between Israel and Palestine, the US President, Joe Biden, spoke to Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas on May 15. President Biden supported Israel’s right to defend itself...
Violators Under Watch as Government Plans to Resume International Holidays
May 16, 2021 12:57 AM AEST| By AbhijeetSummary The Department for Transport and the Civil Aviation Authority have been working closely to resume the international holidays on or after Monday, 17 May Between 11 February and 27 April 2021, the Civil Aviation Authority has issued as ma.....
Brexit has messed up UK’s geo-political relations with EU, US
May 16, 2021 12:46 AM AEST| By Suhita PoddarSummary The Brexit has complicated UK’s bilateral relations with many countries. France threatened that it would withdraw electric supply to self-governing Jersey After Trump’s tenure, Joe Biden is keen on renegotiating and rebuildi.....
Dogecoin explained: All you need to know about the meme currency
May 16, 2021 12:16 AM AEST| By AayushSummary Dogecoin is a meme currency, initially created as a joke. It is significantly faster than its peers where it takes just a minute for completing one Dogecoin transaction. Dogecoin uses a proof-of-work algorithm which is similar to that .....
Energy Shares Pushed FTSE 100 Higher; Sanne Group Stock up 21.23%
May 15, 2021 04:45 AM AEST| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 49.67 points or 1.21 per cent higher at 4,162.17, Dow Jones Industrial Average Index surged by 264.31 points or 0.78 per cent higher at 34,2...
