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World news
How an allergy helped Johnny Boufarhat, 27, make it to billionaires’ club
August 18, 2021 01:32 PM AEST| By Furquan MoharkanJohnny Boufarhat has become one the youngest self-made billionaires in the world -- a news that has taken the internet by storm. Who is Boufarhat? He is a 27-year-old Australia-born British citizen and an entrepreneur. Mr Boufarhat was born on 1 J...
APAC markets fall as regulatory fears resurface in Hong Kong
August 17, 2021 04:05 PM AEST| By Furquan MoharkanEquity markets in the Asia-Pacific (APAC) region were mostly lower on Tuesday, with stocks of Chinese companies in Hong Kong falling again as regulatory fears resurfaced. The sentiments in the APAC region turned negative despite Wall Street closing...
iPhone 13, Apple Watch Series 7, MacBook Pro: What all Apple may launch this fall
August 17, 2021 01:35 PM AEST| By AshishHighlights Apple is expected to launch several devices including iPhone 13, Apple Watch Series 7, new entry-level AirPods, and new MacBook Pro at its fall event. According to reports, Apple may launch iPhone 13 during its first event of the sea.....
Facebook, others to extend 2Africa cable project to four island nations
August 17, 2021 01:09 AM AEST| By Team Kalkine MediaHighlights Indian Ocean Island countries like Seychelles, Comoros, Angola, Canary Islands, and a new link to Nigeria will be part of the colossal cable network project in Africa. Facebook and Google have contributed some 80% of the recent inves.....
COVID-19: NSW records another daily high, Melbourne extends lockdown
August 16, 2021 07:16 PM AEST| By Furquan MoharkanThere seems to be no let-up in pandemic woes for Australia with the state of New South Wales reporting 478 new locally acquired COVID-19 infections on Monday – a record daily high. There were 157,000 tests taken during the reporting period, th...
India’s largest private lender to raise US$1 billion in foreign bonds
August 16, 2021 06:26 PM AEST| By Furquan MoharkanIndia’s largest private lender HDFC Bank will be raising US$1 billion through bond issue in the foreign markets, it informed the country’s exchanges. The bank is planning to raise money through additional tier- 1 (AT1) bonds in the overs...
Chinese data dampens mood in APAC markets
August 16, 2021 04:22 PM AEST| By Furquan MoharkanThe bleak economic data coming in from China has managed to spook investors away from equity markets in the Asia Pacific (APAC) region. The region’s most powerful economy’s industrial production grew 6.4% in the month of July – fal...
COVID-19: Which countries are winning the vaccination race?
August 16, 2021 01:05 PM AEST| By Furquan MoharkanAs COVID-19 continues unabated, wreaking havoc in the economies across the globe, the need for vaccinating population against the virus is increasing with every passing day. The pandemic has infected 207.95 million people till now, of which 4.37 mil...
Taliban take control of Kabul as president flees
August 16, 2021 11:02 AM AEST| By Furquan MoharkanThe Afghanistan government led by President Ashraf Ghani has almost collapsed as Taliban insurgents have taken over the presidential palace in Kabul – a move that would have ramifications across the borders of Afghanistan. The insurgents took...
What is predictive analytics and how is it shaping the healthcare industry?
August 16, 2021 07:00 AM AEST| By Tripti JoshiPredictive analytics is a part of advanced analytics with applications to predict future events that are not known. In healthcare, predictive analytics is used to detect early signs of deteriorating health conditions of a patient in an intensive ca.....
Rainforest, lungs of the world, aren’t soaking enough CO2, NASA finds
August 15, 2021 01:25 PM AEST| By Team Kalkine MediaHighlights Tropical forests absorbed four times more carbon dioxide than temperate and boreal regions, but their capacity has declined, NASA study shows. Information on where and how plants absorb or emit carbon is critical to monitoring how th.....
Which indices have given the fattest 52-week returns to their investors?
August 14, 2021 12:35 AM AEST| By Furquan MoharkanEquity markets across the globe have been continuing their rally unabated for a year now – a year when economy was in doldrums and future looked bleaker than ever. During the past one year, the equity markets have sent every established notion...
South Korea leads losses in APAC markets as Samsung shares plummet
August 13, 2021 02:05 PM AEST| By Furquan MoharkanThe South Korean equity markets on Friday led the losses in the Asia Pacific (APAC) region as shares of multinational conglomerate Samsung and all the related companies plummeted. In the morning trade on the last day of the week, shares of all the c...
APAC markets flat as US dollar weakens
August 12, 2021 03:43 PM AEST| By Furquan MoharkanEquity markets in the Asia Pacific region were trading near the flatline as local Asian currencies strengthened vis à vis a weakened US dollar. The US dollar index, which tracks the greenback against a basket of six of its peers, fell to 92.8...
Foreigners seen flocking back to Indian market as COVID-19 subsides
August 12, 2021 01:57 PM AEST| By Furquan MoharkanForeign investors have started returning to the India’s equity markets, as the deadly second wave has subsided in the country. In the month of August so far, foreign institutional investors (FIIs) have been net buyers at the country’s bo...
Is market correction looming? Should we worry about it?
August 12, 2021 01:03 PM AEST| By Furquan MoharkanIt won’t be a hyperbole to say that stock markets are on steroids. Since the lows of March 2020, all major indices across the world have more than doubled. Yes, all this while, when economy has been in doldrums and struggling hard to emerge ou...
Is Google imposing pay cuts on its remote employees?
August 11, 2021 01:41 PM AEST| By Furquan MoharkanThe employees of search engine Google based in the same office could see different changes in pay based on their locations, if they switch to working from home permanently, reports suggest. Alphabet Inc's Google (NASDAQ:GOOGL) has offered its employ...
Phillips 66 to snap up a 16% stake in Australia’s NOVONIX as EV market heats up
August 10, 2021 02:56 PM AEST| By Arpit VermaSummary Phillips 66 is ready to acquire a 16% stake in Australia-based NOVONIX Limited in a US$150 million deal. Phillips 66 is engaged in the manufacturing of specialty coke while Novonix is a leading synthetic graphite producer. The strategi.....
Where does the US healthcare system stand among the 11 wealthiest nations?
August 10, 2021 02:47 PM AEST| By Tripti JoshiSummary According to the Commonwealth Fund report, Norway, the Netherlands, and Australia have the best healthcare system performance. The US healthcare system stands last among the group despite spending a significantly higher share of the gro.....
Crude oil marks worst run in four months as COVID-19 hits demand outlook
August 10, 2021 10:50 AM AEST| By Furquan MoharkanCrude oil prices are witnessing their worst run in about four months as concerns about the softened demand have resurfaced in the global oil market. The prices of Brent Crude Oil Futures for October 2021 have crashed 9.3% in the current month as the...
AI on the Rise: A Look at Top AI Companies and Their Stocks