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Morrison Government grants AU$1.2 million to encourage the Country’s Defense exports
August 31, 2021 08:16 PM AEST| By Team Kalkine MediaHighlights The Morrison Government has announced an allocation of AU$1.2million for the Defence industry. The move is likely to encourage the export capability of six Australian businesses involved in manufacturing defence-related equipment. T.....
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Why are investors eyeing Nasdaq Listed NIU Technologies?
August 31, 2021 06:56 PM AEST| By Team Kalkine MediaHighlights NIU technologies is a China-based electric two-wheeler maker and seller. The company is listed on NASDAQ. The company has reported robust earnings in its second quarter ending 30 June 2021. NASDAQ listed NIU technologies .....
Longest war in US history comes to an end as last US troops exit Afghanistan
August 31, 2021 11:53 AM AEST| By Furquan Moharkanrime accused in 9/11 terror attacks In last days of the war, the US evacuated about 120,000 people out of Afghanistan The US has ended its long-drawn-out war in the Central Asian country of Afghanistan after two decades, as it completed final e...
S&P 500, Nasdaq extend gains on tech boost
August 30, 2021 02:58 PM PDT| By Sanjeeb BaruahBlue-chip S&P 500 and tech-heavy Nasdaq Composite continued their gains on Monday, August 30, from the previous week’s record closes after technology and consumer discretionary stocks rallied. The S&P 500 was up 0.43% to 4,528.79. The...
Asia Pacific markets close in green
August 30, 2021 08:35 PM AEST| By Furquan MoharkanHighlights Most APAC markets began the week on a positive note. Australia recorded an unprecedented surge in fresh COVID-19 cases. Investors are keeping track of Meituan results. Asia Pacific shares on Monday closed mostly in the green, w.....
COVID-19: NSW records highest ever single-day tally
August 30, 2021 05:02 PM AEST| By Furquan MoharkanHighlights New South Wales has reported the highest number of single day infections. Most cases in the country are locally transmitted. NSW mulls to open up pubs, cafes, and restaurants once 70% of the population is vaccinated. Aust.....
Hurricane Ida lashes Louisiana, natural gas output hit
August 30, 2021 01:13 PM AEST| By Furquan MoharkanHighlights Hurricane Ida made landfall in Louisiana, US on Sunday. Ida is one of the strongest hurricanes in 16 years. The storm has left over half a million people without power. Hurricane Ida made landfall in Louisiana, US, on Sunday as.....
Tesla dips its toes in electricity retailing market: Five things to know
August 30, 2021 12:15 PM AEST| By AshishHighlights Having successfully ventured into the space of electric vehicles (EVs) and energy storage systems, Elon Musk’s Tesla is eyeing the electricity retailing market in the US. Elon Musk-led Tesla plans to sell electricity directly t.....
What’s flippening? Can Ethereum outshine Bitcoin in terms of market cap?
August 30, 2021 11:52 AM AEST| By Furquan MoharkanHighlights Bitcoin is valued at US$920 billion – almost three times that of Ethereum. Bitcoin represents 41% of the total market cap of all cryptocurrencies put together The possible event of Bitcoin taking over Ethereum in market cap is.....
Amazon teams with Afterpay rival Affirm to offer BNPL services to US customers
August 29, 2021 03:38 PM AEST| By Chitranjan KumarHighlights Fintech majorAffirm has entered into a partnership with Amazon to offer flexible payment solutions. The company is currently testing its flexible payment service with select customers of Amazon. Affirm will provide Amazon customers .....
S&P 500, Nasdaq close at record highs after Powell's dovish remark
August 27, 2021 02:19 PM PDT| By Sanjeeb BaruahThe S&P 500 and tech-heavy Nasdaq closed the trading week at all-time highs on Friday, August 27, after Federal Reserve Chairman Jerome Powell cautioned against overreaction to inflation, reiterating that the bank would start tapering monetary su...
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How is cloud computing shaping the future of the healthcare industry?
August 28, 2021 12:10 AM AEST| By Tripti JoshiHighlights Cloud computing in healthcare is making a positive change in several ways, including cost reduction in health-related services. Telemedicine, artificial intelligence, virtual reality, internet of medical things are some key tre.....
Asia Pacific markets mixed; all eyes on Powell’s Jackson Hole speech
August 27, 2021 04:11 PM AEST| By Furquan MoharkanAsia-Pacific shares were trading mixed on Friday as investors remained guarded ahead of the Federal Reserve’s annual Jackson Hole symposium where Fed Chair Jerome Powell will be speaking. In Australia, the benchmark ASX200 pared early losses o...
Kabul suicide blasts: Biden vows to retaliate as IS claims responsibility
August 27, 2021 01:22 PM AEST| By Furquan MoharkanUS President Joe Biden has pledged to retaliate against the perpetrators of Thursday’s attack outside Kabul Airport, that killed dozens, including 13 US servicemen. Terror group Islamic State in Khorasan Province (ISIS-K) – an offshoot o...
Tech giants pledge billions to beef up cybersecurity
August 27, 2021 11:53 AM AEST| By Team Kalkine MediaWe may have come far ahead in the field of technology, but our tech products remain vulnerable to threats posed by hacking and cybercrimes. From WhatsApp chats to the most advanced artificial intelligence elements, everything that we are dependent .....
Tim Cook hits paydirt, pockets US$750 million worth of Apple shares
August 27, 2021 11:01 AM AEST| By Furquan MoharkanTim Cook, CEO of Apple Inc (NASDAQ:AAPL), has received 5.04 million Apple shares this week, selling most of the stock for over US$751 million, the filings by the company showed. The tranche of 5 million shares is the last leg of the compensation pac...
US stocks drift on Fed's taper concerns, mixed economic data
August 26, 2021 02:45 PM PDT| By Sanjeeb BaruahThe benchmark US stock indices slipped on Thursday, August 26, after mixed economic data and concerns over Fed's likely tightening of its asset-buying program weighed on investors' minds. The S&P 500 was down 0.58% to 4,470.00. The Dow Jones fel...
COVID-19’s ugly milestone: Australia, NSW breach 1,000-daily infections mark
August 26, 2021 03:49 PM AEST| By Furquan MoharkanThe COVID-19 pandemic has taken an ugly turn in Australia, as fresh daily cases in the country, as well as the worst-hit New South Wales province breached the 1,000 mark for the first time since the onset of the pandemic. NSW, which has Sydney as it...
Asia-Pacific shares in red as South Korea hikes interest rate, Australia’s COVID-19 woes worsen
August 26, 2021 03:13 PM AEST| By Furquan MoharkanShares in the Asia-Pacific region were mostly subdued as South Korea became the first developed country to hike interest rates in the pandemic era. In South Korea, benchmark KOPSI corrected 0.75% after the country’s central bank hiked the in.....
New entrant in big league: Cardano becomes third-largest cryptocurrency
August 26, 2021 10:38 AM AEST| By Furquan MoharkanCardano, the digital currency, has taken over Binance’s native digital coin as the world’s third-largest cryptocurrency, as its price touched an all-time high. At a current market capitalisation of US$88 billion, it is almost 5% more t.....
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