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World news
UN urges countries to focus on quick COVID-19 vaccination
June 09, 2021 09:46 PM PDT| By RomaSummary The UN urges countries for the prioritisation of quick vaccine delivery. The UN says monetary gains should be left secondary. Why is there a need to expedite the process of vaccination? With the vaccine roll-out underway in differ.....
APAC markets in green; ASX200 up 0.44%
June 09, 2021 07:49 PM PDT| By Furquan MoharkanThe equity markets in the Asia-Pacific (APAC) region were trading in the green, even as the Dow Jones Industrial Average continued its losses for the third consecutive day. Japan’s Nikkei 225 was trading 29 basis points (bps) higher while th.....
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US Stocks Edge Lower As Financials, Industrials Slip
June 09, 2021 03:13 PM PDT| By Sanjeeb BaruahBenchmark US indices closed lower on Wednesday after financials, industrials, and consumer stocks led a broad retreat in the markets amid mixed global and domestic cues. The S&P 500 was down 0.18% to 4,219.55. The Dow Jones shed 0.44% to 34,447....
What China’s record factory-gate prices mean for global economy
June 09, 2021 02:34 AM PDT| By Chitranjan KumarSummary China’s factory-gate prices hit a 12-year high in May on higher commodity prices. The producer price index (PPI) rose to 9% in May, up from 6.8% reported in April 2021. The consumer price index surged to 1.3% in May, compared to .....
COVID-19 vaccine booster shots: do we really need them?
June 08, 2021 10:00 PM PDT| By Tripti JoshiSummary There’s been a lot of discussion around COVID-19 booster shots, considering the emergence of new variants in recent months. Experts highlight that people will likely need a third dose, or a booster shot, of the COVID-19 vaccine af.....
New Zealand’s Auckland tops the chart of EIU’s Annual Global Liveability list
June 08, 2021 09:55 PM PDT| By Jasmine AnandSummary Auckland tops the rankings for the most liveable city globally, replacing Vienna, which had been holding the position since 2018. The Kiwi nation fared well in the list because of its successful policies in eliminating the pathogen with.....
APAC markets mixed as China inflation soars to 12-year high
June 08, 2021 08:53 PM PDT| By Furquan MoharkanSummary APAC markets are mixed with the Japanese and South Korean markets trading in the red. China factory gate inflation surges to highest in 12-years. Philippine markets are the best performers in the region. The equity markets in the .....
US revises travel ratings for 110 nations; eases restrictions
June 08, 2021 06:43 PM PDT| By Furquan MoharkanIn a major sigh of relief for the sports lovers across the world, the US has eased travel restrictions on over 110 countries including Japan, just before the start of the Olympics. The new ratings by the US Centers for Disease Control and Prevention...
Bitcoin tumbles 8% after US nabs US$2.3M crypto ransom from Colonial hackers
June 08, 2021 06:03 PM PDT| By Supriya KumariIn yet another cryptocurrency meltdown, Bitcoin prices tanked overnight once again, as officials in the US were able to recover most of the ransom paid to hackers that targeted Colonial Pipeline – the largest pipeline system for refined oil pro...
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US Stocks Wobble On Inflation Worries
June 08, 2021 02:49 PM PDT| By Sanjeeb BaruahUS stocks saw subdued trade in Tuesday’s session, with all major indices ending flat as inflation worries weighed on the markets. The S&P 500 was up 0.02% to 4,227.26. The Dow Jones declined 0.09% to 34,599.82. The NASDAQ Composite gained...
AMC, GameStop, other meme stocks delivered multibagger returns in 2021
June 08, 2021 02:31 AM PDT| By Chitranjan KumarSummary AMC, GameStop, BlackBerry and other meme stocks ended higher on Wall Street on Monday. AMC shares have rallied 2,636% in 2021, while GameStop has zoomed over 1,500% year to date. The valuation of meme stocks is based on social media hy.....
Afterpay fiasco: What is a class action lawsuit and what is its significance?
June 07, 2021 10:45 PM PDT| By Furquan MoharkanOn Tuesday, it was reported that Australian fintech giant Afterpay Ltd (ASX:APT) is facing a proposed class action complaint filed in the US Northern District Court of California by two US law firms. The claim alleges that the company’s marketi...
Historic! Biogen’s aducanumab becomes the first FDA-approved Alzheimer’s drug in ~20 years
June 07, 2021 10:14 PM PDT| By Tripti JoshiSummary Biogen has received accelerated approval from the Food and Drug Administration (FDA) for its Alzheimer’s disease (AD) treatment, aducanumab. The clinical trials results demonstrate that aducanumab reduced amyloid-beta plaques by 5.....
Kiwis make their mark on Queen's Birthday 2021 Honours List
June 07, 2021 10:10 PM PDT| By Jasmine AnandSummary The Queen's official birthday is celebrated in June, with the Trooping the Colour parade as the major highlight. Several New Zealanders are being given awards for their services rendered in various distinguished fields. PM Ardern welco.....
Money For Nothing? The Economic Marketplace of Art
June 07, 2021 09:28 PM PDT| By Daniel Paul JohnsSummary The world of art has always encompassed a society often mocked for its pretentiousness, paying through the nose for works that on the surface could’ve been done by a blindfolded kindergartener. And yet, some of these so-called work.....
Is NZ moving slow in its vaccination roll-out?
June 07, 2021 08:03 PM PDT| By RomaThe pace of the coronavirus vaccine roll-outs in the world is something that is on focus at the moment with some doing better than others in terms of uniform and timely administration of the same in the appropriate age groups from time to time. Fig.....
APAC shares in green, ASX 200 the best performer; Japanese GDP beats estimates
June 07, 2021 06:58 PM PDT| By Furquan MoharkanSummary APAC markets are in the green after the Japanese economy performed better than the estimates. China is trading in the red. The ASX 200 is the best performer in the region. The equity markets in the Asia Pacific region were mostly .....
India offers free COVID-19 vaccines to all as daily cases hit 68-day low
June 07, 2021 06:12 PM PDT| By Furquan MoharkanSummary India has declared to offer free vaccines to all adults. The move comes a week after the top court lashed out at the central government for botched-up vaccine rollout. The daily cases in the country have slipped to a 68-day low. I.....
Second high-profile exit: Another Tesla veteran quits
June 07, 2021 05:58 PM PDT| By Furquan MoharkanSummary Tesla veteran Jerome Guillen quits the EV maker. Move comes just three months after he was appointed the head of trucking business. He is the second top executive to quit in less than two months. Jerome Guillen – a veteran a.....
US Stocks Start Week On Hesitant Note As Blue-Chips Retreat
June 07, 2021 03:30 PM PDT| By Sanjeeb BaruahBenchmark US indices began the week with a subdued note on Monday as investors returned to a new trading session following their weekend break. The S&P 500 was down 0.08% to 4,226.52. The Dow Jones Industrial Average declined 0.36% to 34,630.24....
