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World news
Biden wishes Musk ‘luck’ on trip to the moon after his job cut plans
June 04, 2022 09:26 AM AEST| By Mridul GogoiTesla Inc (Nasdaq: TSLA) chief Elon Musk said that he wants to cut 10% of company employees, noting that he has a “super bad feeling” about the economy that forced him to take the decision. To a Reuters query about his comments, US Pre.....
Facebook parent drops FB symbol, to trade under META ticker from June 9
June 02, 2022 06:00 AM AEST| By Mridul GogoiHighlights: Meta Platforms Inc. will adopt a new ticker symbol META before the market opens on June 9, 2022. Formerly known as Facebook, it changed its name to Meta Platforms Inc. in 2021. Meta shares shrunk by more than one-third in value, un.....
RedBird to buy Italian soccer club AC Milan in US$1.3 bn deal
June 02, 2022 03:32 AM AEST| By Mridul GogoiHighlights: US investment firm RedBird Capital Partners to own Italian soccer champions AC Milan in a US$1.3 billion deal. RedBird Capital Partners is likely to close the deal in September this year. Current owner, Elliott Management will als.....
Biden admin to infuse US$2.1 bn to bolster US food supplies
June 02, 2022 03:17 AM AEST| By Mridul GogoiThe Biden administration will announce more than US$2.1 billion on Wednesday to bolster the country's crumbling food supply system. The Covid-19 pandemic and the Russian invasion of Ukraine have badly hit the food supply and needed an urgent shot i.....
Oil surges to two-month high as China relaxes Covid lockdowns
June 01, 2022 12:20 AM AEST| By Mridul GogoiOil prices increased to their highest level in two months on Monday after China announced an easing of Covid-19 lockdowns. China’s main financial hub Shanghai has been under strict Covid-19 lockdowns for weeks. Shanghai Vice Mayor Wu Qing an.....
Here’s why ACCC sued Mastercard over retailer deals
May 31, 2022 06:07 PM AEST| By Toshiva JainHighlights The Australian Competition and Consumer Commission (ACCC) has accused Mastercard of substantially trying to lessen competition in debit card acceptance services. According to the ACCC, the said activity began in 2017 during Reserve B.....
IMF’s take on why countries must cooperate on carbon prices
May 31, 2022 03:48 PM AEST| By Toshiva JainHighlights Carbon pricing is considered one of the most effective tools for limiting the dependency on fossil fuels and diverting energy production to green and renewable sources. The International Monetary Fund (IMF) believes that carbon prici.....
Memorial Day sales: Offsetting soaring prices in an inflationary market
May 31, 2022 03:17 AM AEST| By Mridul GogoiHighlights: Memorial Day is celebrated to pay tribute to the martyred soldiers. Memorial Day weekend is also one of the biggest shopping holidays of the year. Memorial Day is also called Decoration Day. Memorial Day weekend kicks off .....
Seven Group (ASX:SVW) and Shell agree to develop Crux gas field
May 30, 2022 06:50 PM AEST| By RitwikaHighlights The development of Crux gas field will bring down the rising demand for natural gas. Construction of the Crux will begin this year, and the gas field is expected to produce LNG in 2027. The project’s estimated cost...
Who were the highest-paid male CEOs in US in 2021?
May 28, 2022 06:46 AM AEST| By Mridul GogoiA survey conducted by AP that covered 340 executives at the S&P 500 companies, unveiled that CEO salaries rose to a median of US$14.5 million in 2021. The surveyed executives have at least served two full consecutive years at their organization.....
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Elon Musk sued by Twitter investors for manipulating stock price
May 28, 2022 05:02 AM AEST| By Mridul GogoiHighlights: Tesla chief Elon Musk was sued by Twitter investors for manipulating stock price. Musk saved himself US$156 million by delaying the announcement of his Twitter stake, say investors. Musk was also sued by the SEC for his timing of t.....
Landmark move as WHO agrees to adopt a sustainable financing model
May 27, 2022 04:01 PM AEST| By Aditi SarkarHighlights WHO has come up with a sustainable financing model at the 75th World Health Assembly Member states of WHO have agreed to increase the portion of their contribution to WHO’s budget from 16% to 50% WHO’s portion of income .....
Biden blames gun lobby after 21 people die in school shooting
May 26, 2022 02:10 AM AEST| By Rupam RoyNineteen children and two teachers were killed in a shootout at a Texas school on Tuesday. The lone gunman barged into the Robb Elementary School in Uvalde and opened fire, authorities said. The attacker, identified as high school grader Salvador .....
Elon Musk envisages a 24-hr Tesla Restaurant for Hollywood
May 26, 2022 01:39 AM AEST| By Team Kalkine MediaHighlights: Tesla chief executive Elon Musk planning a 24-hour restaurant for Hollywood. Elon Musk submitted papers to the City of Los Angeles on May 19 for his futuristic restaurant. Tesla stocks fared badly in the past month with a 22% dip.&.....
Monkeypox outbreak: All you need to know
May 25, 2022 05:06 PM AEST| By Aditi SarkarHighlights Over 130 cases of monkeypox have been reported from around 19 countries. The most common symptoms of monkeypox include an acute unexplained rash, fever, headache, and profound weakness Some cases of monkeypox have no direct travel l...
New PM Albo in Quad meeting today: What's on agenda
May 24, 2022 03:18 PM AEST| By Akanksha VashishtHighlights PM Anthony Albanese is attending the Quad summit in Tokyo just days after his party won the election. All four member nations of the Quad are meeting to discuss their concerns regarding China. Australian PM would be cementing the co.....
Latest on monkeypox outbreak: Which countries have reported it so far?
May 20, 2022 12:15 PM AEST| By Aditi SarkarRecently, many countries, including the UK, US, and European countries, have been reporting the cases of monkeypox disease. Monkeypox is a viral zoonotic disease caused by monkeypox virus, generally related to travel to West Africa. It is a mild an.....
Will Russia’s decision to legalize cryptos reenergize the market?
May 20, 2022 03:07 AM AEST| By Versha JainHighlights Russia plans to legalize cryptocurrencies for making payments. The Russian Central Bank would soon formulate a crypto rule. The sanctions may have pushed Russia to rethink its earlier opposing stance. Russian .....
Federal election 2022: Big update on last day to register for postal vote
May 18, 2022 03:14 PM AEST| By Priyanka PayalHighlights In Australia, election preparedness is in full swing as the country is scheduled to go to the polls on 21 May, 2022. The AEC today notified that voters must submit their postal vote applications to the AEC by no later than 6 PM on We.....
Federal election: Bulldozer leadership ‘served Australia well’, says Morrison
May 18, 2022 01:19 PM AEST| By Bhawna GuptaDespite Australia's pandemic death rate approaching 8000, Prime Minister Scott Morrison used his self-description as a "bulldozer" to defend his record on COVID, saying it served the country well. Morrison is campaigning in suburban Geelong today,.....
