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World news
Google plans to buy one of New York’s costliest office buildings
September 21, 2021 02:05 PM PDT| By Team Kalkine MediaTechnology giant Google Inc (Nasdaq: GOOGL) plans to buy a new swanky office building in Manhattan, New York, for US$2.1 billion in one of the priciest deals in US history. It is also one of the most expensive sales of a single building since the .....
Will Trudeau's return as PM boost US-Canada ties?
September 21, 2021 10:46 AM PDT| By Ipsita SarkarHighlights Canada’s Liberal Party bagged 158 seats after 99% of votes counted. Trudeau was set to swear in as 23rd PM, his third term in office. However, his Liberal Party did not get an absolute majority in the House of Commons this time.....
French reprisal on the trade front for Australia?
September 21, 2021 03:36 AM PDT| By Rini ZachariahHighlights A week ago, Australia scrapped a US$90-billion contract for buying French submarines. Three nations - Australia, the UK and the US - have announced a new trilateral partnership for security. The signs of retaliation from Franc.....
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A video of Tesla’s Autopilot car that grabbed Musk’s eyeballs
September 21, 2021 02:14 AM PDT| By Team Kalkine MediaWhile many people have been doubtful on the Tesla’s Autopilot feature, a Twitter video of Tesla’s Autopilot car has grabbed the company CEO Elon Musk’s attention. Recently a video of a man went viral on Twitter where he was enjoyi.....
Anti-lockdown protests erupt in Melbourne even as COVID-19 cases spike
September 21, 2021 01:37 AM PDT| By Furquan MoharkanHighlights Protests against lockdown continue in Australia’s major cities. Cases in Victoria have spiked to a new high. The country reported 11 deaths on Monday. Anti-lockdown protests rocked Australia’s second most populous c.....
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Why is FreeRiver grabbing the spotlight?
September 21, 2021 12:09 AM PDT| By Team Kalkine MediaChoosing the best cryptocurrency involves choosing an exchange or trading platform that supports deposit and withdrawal of the local fiat currency, hence it is important to consider all factors before starting our investment. The global cryptocurr.....
China holiday softens Evergrande crisis impact on investors
September 20, 2021 11:39 PM PDT| By Furquan MoharkanHighlights Japanese Indices have crashed 1.5% after a long weekend. Chinese share markets are closed on account of holiday. The ASX has recovered by 26 basis points. Equities in the Asia-Pacific (APAC) region were mixed in Tuesday’.....
Will France retaliate by hampering EU-Australia FTA?
September 20, 2021 10:06 PM PDT| By Team Kalkine MediaHighlights The Australian Trade Minister – Dan Tehan calls the ongoing diplomatic crisis between France and Australia a “business as usual”. Britain and Australia insisted the diplomatic crisis would not affect the French-Aus.....
Why should world worry about Evergrande collapse?
September 20, 2021 07:58 PM PDT| By Furquan MoharkanHighlights Fears of default are looming large for China’s Evergrande Group. The property developer owes US$305 billion in debt across markets. This would be the biggest test for China’s financial system in years. In August of .....
Buy cheap, be a winner, says El Salvador’s Bukele as Bitcoin prices dip
September 20, 2021 05:21 PM PDT| By Sanjeeb BaruahEl Salvadorian President Nayib Bukele has doubled his bets on Bitcoin as the cryptocurrency prices fell in recent days, asserting that one can never lose by buying them cheap. "This can never beat you if you buy the dips," Bukele tweeted. Althoug.....
US markets close in red, dragged down by energy, financial stocks
September 20, 2021 02:49 PM PDT| By Sanjeeb BaruahAll benchmark US indices closed in the red on Monday, Sep 20, after energy and financial stocks led broad losses across segments and China’s Evergrande default fears loomed. The S&P 500 fell 1.70% to 4,357.73. The Dow Jones fell 1.78% to 3...
Why has Biden’s approval rating fallen to the lowest?
September 20, 2021 12:00 PM PDT| By Toshiva JainHighlights A recent poll magnified people’s attitude towards Biden’s government. It showed that most people are dissatisfied with Biden’s performance. The poll revealed that around 71% Americans believe that the USA&rsqu.....
China’s Evergrande isn’t a Lehman Brothers type of crisis: Experts
September 20, 2021 11:49 AM PDT| By Team Kalkine MediaHighlights China’s second-largest real estate firm Evergrande has a debt of US$300 billion. The sharp fall of the company’s stocks dragged down the Hang Seng Index. The investors might opt for the American real estate market over .....
China-Australia: The present and future
September 20, 2021 02:02 AM PDT| By Furquan MoharkanAustralia has recently decided to buy nuclear submarines from the US, as part of a trilateral pact with the US and the UK – called AUKUS. The trigger: growing military influence of China in Indo-Pacific. How is China militarily growing in Indo...
Evergrande executives face “severe punishment” securing early redemptions
September 20, 2021 01:39 AM PDT| By Team Kalkine MediaHighlights Six senior executives of a Chinese property group – Evergrande Real Estate Limited face severe punishment for securing early redemptions. The company owes an estimated US$300 billion to the other suppliers and creditors. Everg.....
Evergrande woes resonate in Wall Street: Dow, S&P futures in red
September 20, 2021 01:23 AM PDT| By Furquan MoharkanHighlights Wall Street options trading in red ahead of the market open US indices have now logged three consecutive weekly losses Evergrande woes weigh heavy in Wall Street US futures were trading in the red on early Monday morning after .....
Has AUKUS caused an irreparable dent in Australia-France relationship?
September 20, 2021 01:21 AM PDT| By Furquan MoharkanHighlights French and other NATO countries are at loggerheads with each other. The French are upset about Aussies unilaterally scrapping the NATO deal This has caused clear fissures in NATO In 2014, they were fighting shoulder to shoulder.....
What’s behind Hong Kong bloodbath? Evergrande sinks to all-time-low, Hang Seng Property bleeds
September 20, 2021 12:31 AM PDT| By Furquan MoharkanHighlights Evergrande shares have crashed to an all-time low; Hang Seng Index is at 52-week low; and Hang Seng Property Index has sunk to its lowest since the global recession. Other Chinese property stocks are also down by double digits in int.....
Facebook responds to WSJ’s accusations
September 19, 2021 12:02 AM PDT| By Neha SimpyHighlights Recently, Facebook has reacted to the allegations made by the Wall Street Journal. WSJ’s one of the allegations were on FB owned Instagram affecting mental health. FB’s vice-president of global affairs acknowledged the c.....
Why is France upset over Aukus submarine deal?
September 18, 2021 11:58 PM PDT| By Neha SimpyHighlights Lately, Australia has inked Aukus deal with the US and the UK, providing Australia the technology to develop submarines with nuclear powers. Reacting to the deal France recalled two of the French ambassadors to the US and Australia t.....
