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World news
Has COVID-19 pandemic proven more hostile to developing economies?
January 14, 2022 06:35 AM PST| By Anam SiddiquiHighlights Unlike advanced economies, developing countries would not be able to achieve pre-pandemic economic levels by 2023. As per the WHO, 85% of people in Africa have not received a single COVID-19 vaccine dose, while 36 countries hav.....
From Toyota to Audi: How leading carmakers are planning to go 100% electric
January 13, 2022 11:24 PM PST| By Priyabrata PrustyHighlights Of late, demand for electric vehicles (EV) have been rising with higher fossil fuel price being one of the prime reasons. Global EV sales were expected to cross 6.4 million in 2021, up 26% over 2020. Volkswagen in its bid to challen.....
US stocks retreated after jobless claims, PPI data
January 13, 2022 01:30 PM PST| By Versha JainBenchmark US indices fell on Thursday, January 13, over the increased jobless claims and inflation worries. The technology stocks plummeted while investors remained alert about any update on monetary policy tightening by Federal Reserve. ...
Are there foreign policy challenges looming for NZ in 2022?
January 12, 2022 08:57 PM PST| By ManikaHighlights New Zealand faces several foreign policy challenges in 2022. The country’s top priority is its relations with China and how to balance it. Emerging as a major voice for climate change is another one. The COVID-19 pandemic.....
US stocks edge higher after inflation data
January 12, 2022 02:05 PM PST| By Rupam RoyBenchmark US indices closed higher on Wednesday, January 12, despite the consumer prices data showing that inflation is at its highest level in nearly four decades. However, the gains in the technology stocks helped the market to maintain a steady mo...
World Bank slashes China’s growth figures
January 12, 2022 12:13 AM PST| By Priyanka PayalCoronavirus pandemic has played havoc on world economies. As the new year began, people globally were optimistic and had high hopes that their lives would be restored to normal, and their Country’s economy would come on track. However, it doe.....
US stocks bounced back on Tuesday, led by technology stocks
January 11, 2022 01:28 PM PST| By Versha JainBenchmark US indices rebounded on Tuesday, January 11, after the Federal Reserve chairman Jerome Powell said to take aggressive measures to keep the inflation in check during his confirmation hearing today. The S&P 500 rose 0.92% to 4,713.07. Th...
Fujitsu wins iSAFE deal with SA’s Department for Correctional Services
January 11, 2022 01:11 AM PST| By Sonal GoyalHighlights Fujitsu has won the iSAFE contract with the South Australian Department for Correctional Services (DSC). Under the contract, Fujitsu will refresh some of its software systems. Fujitsu has announced that it has won the iSAF.....
US stocks edge lower as tech stock slips
January 10, 2022 01:10 PM PST| By Rupam RoyBenchmark US indices drifted on Monday, January 10, on concerns over sooner than anticipated interest rate hikes, that have pushed the US treasury yields higher. The US treasury yields hit the highest level in two years on Monday. The S&P 500 wa...
Rapid Antigen Tests for COVID-19: Savior in times of need
January 10, 2022 12:57 AM PST| By Team Kalkine MediaHighlights Rapid antigen tests are relatively easier to use and less time consuming than PCR tests. 15 different rapid antigen testing kits have been allowed for use by The Therapeutic Goods Administration (TGA) of Australia The National Cabin.....
Global semiconductor shortage continues to hurt car buyers in 2022
January 07, 2022 02:03 AM PST| By SamtaHighlights Due to ongoing supply chain disruptions and semiconductor shortages, new car buyers will have to suffer more in 2022. Covid-19 has slowed down the demand for new vehicles since early 2020. Global chip shortage will likely c.....
Nasdaq tech stocks plunge 50% or more, echoing dot-com crash
January 06, 2022 09:09 PM PST| By Sukriti NairOn Thursday, a near-record number of US Nasdaq listed tech stocks plunged by 50% or more, echoing the dot-com crash. Around 4 in every 10 companies on the Nasdaq composite index saw market values getting halved from their 52-week highs. Why are US.....
US stocks drift to a mixed close amid Omicron, rate concerns
January 06, 2022 03:27 PM PST| By Versha JainBenchmark US indices closed missed on Thursday, January 6, after a choppy trading session amid concerns over rising cases of Omicron and Fed’s earlier-than-expected rate hike. The S&P 500 declined 0.10% to 4,696.05. The Dow Jones decreased...
France’s privacy watchdog fines Google, Facebook over ‘cookies’
January 06, 2022 02:25 PM PST| By Sanjeeb BaruahHighlights Facebook and Google did not allow the refusal of cookies easily, the privacy watchdog said. It warned that failing to honor its decision would attract much harsher punishment, an additional daily fine of 100,000 euros. The EU regul.....
Toyota unseats General Motors to become top car seller in US
January 05, 2022 11:16 PM PST| By Priyanka PayalHighlights Japanese Carmaker Toyota surpasses General Motors to grab the title of top car seller in the US. GM has said that its total sales were down about 13% due to semiconductor supply chain constraints. Both companies have reported .....
Australia cancels tennis player Novak Djokovic's visa
January 05, 2022 08:55 PM PST| By Sonal GoyalHighlights Novak Djokovic was not allowed to enter Australia as he could not fulfil the requirements to enter the country. Djokovic's Australian visa got cancelled. The decision of whether he will enter Australia or not is still pending. .....
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US stocks slip after Fed’s minutes
January 05, 2022 02:07 PM PST| By Versha JainBenchmark US indices closed in the red on Wednesday, January 5, after minutes of Fed’s December meeting revealed unease among economists over the current high inflation. The S&P 500 fell 1.94% to 4,700.58. The Dow Jones declined 1.07% to 3...
GM unveils electric version of its top-selling pickup Chevy Silverado
January 05, 2022 01:20 PM PST| By Sanjeeb BaruahHighlights Silverado EV, the electric version of GM’s top-selling car by the same name, is expected to hit the dealers next year. The company had earlier said that Silverado will have more high-tech features and driving range compared to.....
Australia loses ‘unprecedented’ number of foreign diplomats in pandemic
January 04, 2022 10:04 PM PST| By Sukriti NairA 51-page incoming operational transient for Dfat’s (Department of Foreign Affairs and Trade) new secretary, Kathryn Campbell, reveals a fall in the number of positions at Australian embassies and diplomats on overseas postings, during the pa.....
Melania Trump, others pay rich tribute on Bitcoin’s 13th anniversary
January 04, 2022 02:32 PM PST| By Sanjeeb BaruahHighlights Bitcoin (BTC) was up 0.79% to US$46,287.06 on Tuesday evening, a day after its anniversary celebrations. Melania used the Twitter hashtag: "Happy Anniversary, #SatoshiNakamoto #MelaniaNFT" to celebrate the occasion on Monday. El S.....
