World news

Amazon Dodges US$300 Million EU Tax Order

May 13, 2021 09:23 AM AEST| By Team Kalkine Media

Summary European judges noted that the European Commission failed to show proof of preferential treatment to Amazon by Luxembourg. European Commissioner for Competition Margrethe Vestager had filed the tax evasion case against Amazon. In 2020,.....

US Consumer Prices Rise By 4.2%, The Fastest Pace Since 2008

May 13, 2021 07:55 AM AEST| By Team Kalkine Media

The US Consumer Price Index (CPI), a key gauge for changes in commodity and services prices, rose 4.2% in April, compared to the same period a year ago, as demand for various goods surged amid a significant improvement in the economy following the .....

SoftBank Posts US$46bn Annual Profit, Highest By A Japanese Company

May 13, 2021 06:00 AM AEST| By Team Kalkine Media

Summary SoftBank's full-year net profit soared to 4.99 trillion yen or US$46 billion, the highest for any Japanese company to date. SoftBank's profit surpassed Microsoft's record annual net profit of US$44.28 billion for its fiscal year ended J.....

Now Google Pay Users In US Can Send Money To India, Singapore

May 13, 2021 04:24 AM AEST| By Team Kalkine Media

Summary It is Google’s first foray into the US$470 billion global remittance market. The payment can only be made between two individuals, and there is no fee for the service. Google Pay, earlier called Android Pay, currently has around .....

Bharat Biotech to commence Phase 2/3 trial of its COVID-19 vaccine on children

May 12, 2021 08:10 PM AEST| By Tripti Joshi

India-based Bharat Biotech will evaluate its COVID-19 vaccine in a Phase 2/3 clinical trial on children in the 2-18 age group. According to PTI report, the study will be performed on approximately 525 participants at several sites in India. Recent.....

APAC markets in red; Nissan shares crash 13%

May 12, 2021 03:30 PM AEST| By Furquan Moharkan

All the share markets in the Asia-Pacific (APAC) region were trading in red on Wednesday, as concerns over growing inflation spooked investors. The shares in Taiwan were the worst hit, as Taiwan Weighted Index crashed by 6.02% at the time of filin.....

Will Inflation Cut Short The US Real Estate Boom?

May 12, 2021 07:07 AM AEST| By Team Kalkine Media

Summary Although borrowings became cheaper for new homebuyers, fewer houses in the market have driven up the house prices. The current housing sales figures may be the highest in the US in the last 40 years, say experts. The younger generation.....

US gets first COVID-19 vaccine for adolescents as Pfizer-BioNTech’s shot wins emergency approval

May 11, 2021 06:11 PM AEST| By Tripti Joshi

Summary Pfizer - BioNTech’s COVID-19 vaccine has obtained the Emergency Use Authorization (EUA) in the US for adolescents. The two companies also notified they had submitted data to the European Medicines Agency (EMA) and other worldwide .....

NZ Removes NSW Travel Ban; Vaccination Of Tokyo Olympic-Bound Australian Athletes to Start

May 10, 2021 01:58 PM AEST| By Team Kalkine Media

Summary Travel between New Zealand and New South Wales resumed from early hours of Monday. Sydneysiders are urged to follow COVID-19 protocols. Vaccination of Australian athletes and staff commenced from Monday. Source: Copyright ©.....

Market Outlook: Four key things to watch out for this week

May 10, 2021 01:18 PM AEST| By Furquan Moharkan

In contrast to the markets’ flat trend last week, it is going to be a high-octane week in terms of macro announcements. The packed week will see Australia’s budget being put forth, the UK’s growth numbers being announced and diffe.....

How is Australia tackling the climate change crisis?

May 09, 2021 04:22 PM AEST| By Damini

Of late, climate change has emerged as a hot topic in Australia, with the nation accelerating its pace to achieve its carbon emissions target. Although the country has been under immense pressure to match the ambitious carbon emissions target set b.....

Here’s How We Can Support Australia’s Net Zero Mission

May 09, 2021 12:59 AM AEST| By Team Kalkine Media

The current zero emission target set by Australia stands at 26-28% emission reduction below 2005 levels to be achieved by 2030. While climate change is a global concern, it holds special importance for Australia as the country has long been in the .....

Critical minerals can strengthen global climate ambitions, says International Energy Agency

May 09, 2021 12:17 AM AEST| By Sukriti

Critical minerals refer to metals as well as non-metals that are vital for the global economic well-being. Nonetheless, their supply can be at risk owing to geopolitical issues, trade policy, geological scarcity or other likewise factors. Understand...

China Ramps Up Diplomacy As World Comes Calling For Vaccines

May 08, 2021 06:08 PM AEST| By Team Kalkine Media

Summary India, one of the world’s largest drugmakers, has put curbs on exports of AstraZeneca to meet its domestic demand. Amid a shortage of covid drugs, countries grappling with the increasing number of deaths and infections have turned.....

Five digital assets that offered over 500% returns this year

May 08, 2021 01:07 AM AEST| By Furquan Moharkan

Cryptocurrencies seem to be having a blockbuster 2021, having picked up well in the first four months of the year. Understandably, there has been a lot of noise over the digital assets. Many markets, which were earlier hostile to the idea, have st.....