World news

How biotechnology can help amid high food inflation
March 16, 2022 08:15 PM AEDT| By Aditi SarkarHighlights Global food prices have rocketed to hover near the levels reached during the global food crises of 2007-08 and 2010-11 Genetic modification of crops could be a potential solution for increasing crop yield Plant tissue culture .....

Govt may mandate parental controls in smartphones to boost online safety
March 16, 2022 07:15 PM AEDT| By Aditi SahaHighlights The Australian government intends to put technology giants under the microscope to alleviate parents' concerns over online safety. Prime Minister Scott Morrison, in December 2021, had stated that concern regarding online safety of ch.....

Condev Construction to liquidate, joins Probuild in a collapsing industry
March 16, 2022 07:11 PM AEDT| By Sukriti NairHighlights Gold coast-based builder, Condev Construction, is planning liquidation. Construction giant Condev joins Probuild in an already collapsing industry. Labour shortage, disrupted supply chain and low pricing is weighing heavy on the ind.....

COVID-19: What’s the buzz around fourth booster jab?
March 15, 2022 09:23 PM AEDT| By Akanksha VashishtHighlights Pfizer CEO Albert Bourla stated that a fourth COVID-19 booster dose would be necessary to curtail the spread of infections. In the US, individuals will need a third primary shot that will have to be administered at least 28 day.....

Australia pledges AU$700 million in aid to flood victims
March 14, 2022 07:16 PM AEDT| By Aditi SahaHighlights A few major parts of Australia are struggling from catastrophic flooding and are seeing widespread destruction due to week-long torrential downpours. Over half a million applications for the government's disaster recovery payme.....

Victoria to issue AU$200 travel vouchers to bolster tourism sector
March 14, 2022 06:59 PM AEDT| By Aditi SahaHighlights The Victorian government has announced the issuance of 150,000 travel vouchers to stimulate tourism expenditure. Government's initiative to offer these travel vouchers is part of an AU$200 million business stimulus package to generat.....

Millions of Aussies to receive cash boost amid rising inflation
March 14, 2022 05:17 PM AEDT| By SamtaHighlights The Australian Federal Government is seeking to help the Aussies keep up with the rising cost of living. Nearly 5 million Australians will benefit from a boost to their social security payments. The 2.1% boost in pension.....

Russia-Ukraine war: What is going inside President Putin's mind?
March 14, 2022 02:27 PM AEDT| By Bhawna GuptaHighlights Russian president Vladmir Putin has blamed NATO for the ongoing war between Russia and Ukraine. On Sunday, up to 30,000 men, women, and children took part in an anti-war march in central Berlin. It is challenging to judge what i.....

Why are these fintech start-ups popular in New Zealand?
March 12, 2022 06:00 AM AEDT| By SonalHighlights New Fintech companies are coming up in NZ, making a significant impact on NZ’s start-up ecosystem. The Fintech sector got an edge from COVID-19-accelerated digital trends. First AML, LatiPay, APLYiD are some of the new budding.....

Ukraine-Russia war: Is the world at the cusp of nuclear catastrophe?
March 12, 2022 12:09 AM AEDT| By Nitish KumarThe Russia-Ukraine war has started the debate over the likelihood of Russia using its nuclear arsenal. Russia, boasting one of the world’s largest stockpiles of nuclear weapons, is capable of launching them from air, water and land. On the ot.....

What's happening at Chernobyl nuclear plant post Russian takeover?
March 11, 2022 04:02 PM AEDT| By Farzan MoharkanHighlights Power supply to Chernobyl nuclear plant was cut off due to an interruption in an electricity line post Russian attack. The outage puts at risk some 20 tons of nuclear waste which needs to be constantly cooled to keep radiation in che.....

Australia to boost military forces by 30% amidst increasing threats
March 11, 2022 03:29 PM AEDT| By RitwikaHighlights Scott Morrison has announced to execute military expansion strategy by 30% till 2040. This is the biggest military boost project that the country will execute after the Vietnam war. This move will give credibility to Australia&rsquo.....

Will Brookfield acquire La Trobe from Blackstone Group?
March 11, 2022 01:26 PM AEDT| By Sukriti NairHighlights Canadian investment biggie Brookfield is reportedly seeking to acquire La Trobe Financial. Brookfield wants to takeover La Trobe’s majority stake held by the Blackstone Group. Investment interest in the Australian credit provi.....

India's Gufic Bioscience to collaborate with Australia's Selvax
March 10, 2022 07:23 PM AEDT| By SamtaHighlights Australia based Selvax and India's Gufic Biosciences are entering into a research and collaboration agreement. Orbit Financial Capital is the exclusive financial advisor to the transaction. Selvax aims to develop safe, ef.....

Elon Musk ships new technology to Ukraine, Mykhailo Fedovor thanks him
March 10, 2022 07:18 PM AEDT| By Sonal GoyalHighlights Mykhailo Fedovor, vice prime minister of Ukraine, has thanked Elon Musk, as Ukraine has received second shipment of Starlink Rapid Deployment kits. Starlink Rapid Deployment kits assist in emergency communication. Northern NSW.....

Moderna boosts vaccine development, soon to start recruitment drive
March 10, 2022 05:04 PM AEDT| By SamtaHighlights Spikevax’s Moderna has boosted its vaccine development in Australia. The company expects to launch a local manufacturing plant by the end of 2024. It will soon start its recruitment drive to ensure enough talent.&n.....

PM Morrison declares floods a national emergency, vows more support
March 09, 2022 08:14 PM AEDT| By RitwikaHighlights PM Scott Morrison visited flood-hit areas in NSW and Queensland and declared floods a national emergency. Morrison pledges more financial support for the communities affected in these areas. The payments will be made to the ones who.....

McDonald’s, Coca-Cola, Starbucks suspend operations in Russia
March 09, 2022 02:15 PM AEDT| By Sonal GoyalHighlights McDonald's informed that it is closing around 850 restaurants temporarily but will continue to pay its employees in Russia. Leading technology companies, such as Microsoft, Facebook, Google, Facebook (Meta) and Apple have also impose.....

New South Wales floods: PM Morrison may declare ‘national emergency’
March 09, 2022 02:12 PM AEDT| By Bhawna GuptaHighlights PM Scott Morrison is expected to declare a floods “national emergency”. It will be the first such emergency announcement since December 2020, when laws were passed. As floods batter eastern Australia, tens of thousands o.....

IEA ready to release more oil as prices touch record highs
March 09, 2022 02:01 PM AEDT| By RitwikaHighlights IEA members are ready to release 60 million barrels of crude oil from their strategic petroleum reserves. The oil prices have hit 14-year-high in the last week to US$139 per barrel The additional supply of crude oil is expected to f.....