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World news
Should pharmaceutical companies waive IP rights on COVID vaccines
September 27, 2021 06:10 PM AEST| By Tripti JoshiHighlights Waiving intellectual property (IP) rights would allow additional manufacturers to bypass the IP barriers and manufacture the COVID-19 vaccine. The patent protection waiver can provide some immediate relief in terms of the produ.....
China pumping billions into system to soften Evergrande blow
September 27, 2021 05:04 PM AEST| By Furquan MoharkanThe Chinese central bank – People’s Bank of China – has been pumping lot of cash into the system, as property developer China Evergrande’s default looms large on the world’s second largest economy. According to data c.....
Asia Pacific markets try to navigate out of Evergrande blues
September 27, 2021 02:05 PM AEST| By Furquan MoharkanHighlights Australia is today’s best performer in the region with 0.94% gain. Shares of Evergrande’s EV arm tanked in Hong Kong. APAC markets are in the green. The equity markets in the Asia Pacific region started the week on .....
Evergrande crisis: China’s debt trap comes home to roost
September 27, 2021 02:04 PM AEST| By Furquan MoharkanIn 2017, when Indian academic Brahma Chellaney coined the term debt-trap diplomacy – a situation where a powerful lending country seeks to saddle a nation with debt so as to increase its leverage over the borrowing nation – it did not hav...
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UK mulls ban on China’s investment in the nuclear energy sector
September 26, 2021 07:13 PM AEST| By Sreenivas D AjankarThe UK government plans to bring guidelines for the nuclear power stations that would ban the Chinese firms’ investments in the UK nuclear energy sector. The government’s plan to restrict investment from China is because of security con.....
German general election 2021: Who could replace chancellor Merkel?
September 26, 2021 06:29 PM AEST| By Sreenivas D AjankarHighlights Germany is voting today to elect a new chancellor. Eligible voters will cast their votes to elect members for 598 seats across 299 districts. The new government’s biggest challenge will be bringing Germany back on a growt.....
7 Roadblocks every EV customer is facing
September 24, 2021 07:12 PM AEST| By Mohammad ZaidHighlights Electric car sales touched 2.1 million worldwide, surpassing the numbers in 2018. EV adoption is gaining pace across the globe, but there are numerous roadblocks to the adoption of EVs by customers. Overcoming these challenges.....
Why China Evergrande Group shares sank 12% today
September 24, 2021 06:30 PM AEST| By Chitranjan KumarHighlights China Evergrande Group shares nosedived over 12% on Friday. The stock has tumbled 46% in past one month and 83% since the beginning of this year. The real estate giant’s debt deadline for US$83.5 million interest payment elaps.....
How soaring inflation might sway interest rates
September 24, 2021 06:19 PM AEST| By Furquan MoharkanHighlights The BoE and Fed have indicated rate hikes and taper early next year. The RBA has already truncated its bond buying programme. Inflation is pushing central banks to adopt hawkish policy. Inflation is running hot and it may drive.....
Debt, mortgage and collateral: Decoding the jargons
September 24, 2021 02:55 PM AEST| By Furquan MoharkanThe Evergrande fiasco has brought back the focus on debt, a term that motivates as well as scares people. The Chinese property developer, hit by a severe liquidity crunch, sits on a pile of debt worth US$305 billion – 2.1% of the country&rsquo...
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Why is Blizzard Network in limelight today?
September 23, 2021 08:18 PM AEST| By SamtaHighlights Global industries are continuously looking out to adapt with cryptocurrency as the prices of digital currencies continue to surge across the globe. Reimagined yield farming surged in the cryptocurrency market with Blizzard net.....
Unique Crypto asset – CAGE in spotlight today
September 23, 2021 07:25 PM AEST| By SamtaHundreds of new meme coins are launched in cryptocurrency market everyday, where most of them tend to be just joke-asset. However, some of these meme coins significantly grow in the price and gain the spotlight. Hence, many traders often look out t.....
Evergrande’s second largest shareholder to sell its entire stake
September 23, 2021 05:50 PM AEST| By Furquan MoharkanHighlights China Evergrande’s second largest shareholder will sell its entire stake in the company. Chinese Estates has already sold 108 million shares of Evergrande in September. Evergrande shares soared after it made coupon payment on .....
What causes an earthquake? All you should know
September 23, 2021 04:42 PM AEST| By Furquan MoharkanOn Wednesday, a powerful earthquake rocked southeast Australia – a region consisting of some of the major Australian cities like Sydney, Melbourne and Adelaide. The US Geological Survey – which tracks seismic activities across the globe...
Why is UK running short of Carbon Dioxide?
September 23, 2021 02:43 PM AEST| By SamtaIn a bid to address the ongoing Carbon Dioxide (CO2) shortage in the country, the UK Government has struck a deal with major Carbon dioxide suppliers. The Government has announced that it has made a deal with two UK factories to restart the CO2 pro.....
In the Spotlight: Top 50 US startups in 2021
September 23, 2021 08:41 AM AEST| By Team Kalkine MediaHighlights This year saw a record number of deals and funds raised. The average seed funding amount in the first half of 2021 was US$2.5 million, a 47% jump from the same period a year ago. According to Startup Genome’s Global Ecosystem .....
China’s Evergrande fiasco: Could it spill over to Australia?
September 22, 2021 10:05 PM AEST| By Chitranjan KumarThe future of China’s largest property group Evergrande hangs in the balance as the real estate giant faces its worst liquidity crisis. The crisis has shaken the Chinese as well as global markets, reminding about the dramatic collapse of &ldq.....
The surge game: PKD prices soar by 20%
September 22, 2021 03:48 PM AEST| By Team Kalkine MediaThe cryptocurrency prices are facing a huge selling pressure, which analysts believe is due to the uncertainty in the Chinese markets. Bitcoin dropped by over 6% in the last 24 hours trading at USD$40,835.76. Representative Image Source: © .....
What Trudeau’s win means for the global economy & Canada’s multilateralism
September 22, 2021 02:40 PM AEST| By Ankit SethiHighlights From President Biden to PM Boris Johnson, world leaders have congratulated Justin Trudeau on his third election win The Liberals are looking to work with the US on issues like fight against climate change Tax on big tech compa...
Explained: What is Evergrande crisis all about?
September 22, 2021 01:37 PM AEST| By Furquan MoharkanGlobal equity markets are witnessing a sort of meltdown at a time when they are flush with access liquidity. And guess what? It is not because of any macro factor or a probable new variant of coronavirus coming in. It is because of a crisis in just o...
