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World news
Why these 11 nations do not tax Bitcoin gains
October 01, 2021 07:00 PM AEST| By Jasmine AnandHighlights Many countries nowadays are implementing friendly legislations to attract crypto traders as well as foreign investments in form digital assets. Belarus was the first government to legitimise crypto activities. Other countries which .....
NSW premier Gladys Berejiklian resigns
October 01, 2021 04:30 PM AEST| By Furquan MoharkanThe premier of New South Wales (NSW), Gladys Berejiklian, resigned today after the state’s corruption watchdog said it was investigating whether she was involved in conduct that "constituted or involved a breach of public trust". The NSW premi...
COVID-19: When is Australia opening international borders?
October 01, 2021 02:50 PM AEST| By Furquan MoharkanHighlights Australia is set to open international borders by November. Will start issuing international travel certificates from today Reported a record 2,000 cases on Thursday Australia is slated to reopen its international borders from .....
Who is the Wall Street’s secret billionaire investor?
October 01, 2021 12:55 PM AEST| By SamtaHighlights Private-equity investor and billionaire Ramzi Musallam has turned tragedy into fortune. Musallam had been Veritas’ second highest ranking executives. The billionaire has been majorly focusing on US State’s Federal Govern.....
TikTok rolls out its first NFT collection; key things to know
October 01, 2021 12:45 PM AEST| By AshishTikTok has become the latest company to enter the non-fungible token (NFT) world. On 30 September 2021, the video-sharing social networking site launched an NFT collection, which will enable its leading content creators to partner with top NFT crea.....
How rough was September Effect this year?
October 01, 2021 12:42 PM AEST| By Furquan MoharkanHighlights The overall market sentiment was negative. S&P500 marked its worst show since September 2020. BOVESPA put up the worst show for the month. The month of September has seen far more corrections in equity markets than any othe.....
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NZ keen on exploring adoption of digital currency
September 30, 2021 07:09 PM AEST| By Jasmine AnandHighlights The RBNZ looking at possibilities to launch a digital currency. The Central Bank urged the public to send their feedback by 6 December. The official adoption of the digital currency would help to preserve monetary power and ma.....
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What’s chipping away at global supply chain?
September 30, 2021 04:47 PM AEST| By AayushHighlights The supply chain disruption has already left the world running short of several goods and services. The overstressed global supply chain is probably on the brink of collapse, as warned by some international bodies. These group.....
China’s manufacturing PMI data drags Hong Kong shares in red
September 30, 2021 03:18 PM AEST| By Furquan MoharkanHighlights The Hang Seng Index has crashed by over 1% APAC markets are tracking an unexpected shock contraction in China’s factory activity. Australian markets are the best performers in the region Shares in the Asia Pacific region .....
Here’s why the EA share price witnessed a wild ride in September
September 30, 2021 02:23 PM AEST| By AayushHighlights The release of Electronic Arts’ latest videogame, Battlefield 2042, has been delayed by almost a month. Despite a delay, the management stood firm on its previous guidance of US$6.85 billion in sales for 2022. The EA share pri.....
Why did CNN disable its AU Facebook page?
September 30, 2021 12:35 PM AEST| By SamtaHighlights CNN disabled its Facebook page after the high court defamation decision. The news network said it had no option after the Australian high court found its publishers liable for the public comments on its stories. Facebook declined .....
Evergrande founder's net worth takes a US$15.6 billion hit
September 30, 2021 12:34 PM AEST| By Furquan MoharkanHighlights Xu Jiayin, Evergrande’s founder, has lost the most among the world’s richest in 2021. Jiayin has seen his net worth plummet by 66.98%. Shares of Evergrande have crashed by a massive 78.29% since the beginning of 2021. .....
YouTube blocks all anti-vaccine content; here’s why
September 30, 2021 11:27 AM AEST| By AshishHighlights YouTube says it will ban all misinformation surrounding vaccines in a bid to fight the spread of false claims. YouTube said that it was banning the accounts of several prominent anti-vaccine activists including those of Joseph Mercol.....
Evergrande to sell stake worth US$1.5 billion in Shengjing Bank
September 29, 2021 07:01 PM AEST| By Furquan MoharkanHighlights Evergrande is set to dispose of its entire stake in Shengjing Bank. The stake sale would fetch Evergrande US$1.5 billion. The company has a US$47.5 million bond interest payment deadline today. Embattled Chinese property .....
Will Evergrande debt bomb burst China’s housing bubble?
September 29, 2021 05:19 PM AEST| By Furquan MoharkanOne of the largest debt-laden realtors in the world, Chinese property giant Evergrande is saddled with a debt of nearly US$310 billion, which is 2.1% of the Chinese economy. The Evergrande debt crisis is no less than a ticking time bomb, which is lik...
Airline industry at standstill after COVID-19 delta variant breakout: ACCC
September 29, 2021 05:10 PM AEST| By Sonal GoyalHighlights The breakout of the COVID-19 delta variant resulted in travel restrictions, and it has blown the local airline industry. A significant decrease is reported in the passenger numbers. One of the three flights was cancelled in major Au.....
Australia Post to halt e-commerce parcel services again for five days
September 29, 2021 04:26 PM AEST| By Sonal GoyalHighlights Australia Post will be halting the business lodgements, pickups and collections for 5 days for e-commerce retailers in Melbourne. The firm has been facing a major backlog due to a reduced workforce. This is the second pause in a cou.....
How crypto assets are treated for tax purposes in NZ
September 29, 2021 04:19 PM AEST| By Jasmine AnandThe craze of owning and trading in cryptos is moving at an unprecedented pace. As per reports in 2019, the global cryptocurrency market stood at US$759.0 million and is forecasted to grow by 11.2% CAGR and reach US$1758.0 million by 2027. However,.....
Lukas Kamay – “The worst insider trading case”
September 29, 2021 01:03 PM AEST| By SamtaHighlights Lukas Kamay along with Christopher Hill, misused government data for their fortune. Kamay betrayed both the shareholders and his accomplice. Kamay and Hill used to communicate through burner phones registered to other people. .....
COVID-19 lockdowns hurt Australia retail sales, AU$1.9 billion wiped off in one month
September 29, 2021 12:47 PM AEST| By Furquan MoharkanHighlights Australia’s retail sales have declined for a third consecutive month in August. New South Wales is the worst-hit region in terms of retail sales decline. Experts fear yet another recession in the country Guess what is th.....
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