World news

World's Largest Asset Management Firm Sees Opportunity in Stakeholder Capitalism & Sustainability

February 04, 2022 04:30 AM AEDT| By 3BL

“I believe the de-carbonization of the global economy is going to create the greatest investment opportunity of our lifetime.” This bold prediction is part of the annual letter sent to CEO...

World's Largest Asset Management Firm Sees Opportunity in Stakeholder Capitalism & Sustainability

February 04, 2022 04:30 AM AEDT| By 3BL

“I believe the de-carbonization of the global economy is going to create the greatest investment opportunity of our lifetime.” This bold prediction is part of the annual letter sent to CEO...

Jeff Bezos gets Dutch bridge dismantled to make way for his yacht

February 04, 2022 01:12 AM AEDT| By Sanjeeb Baruah

Amazon.com, Inc (AMZN) founder Jeff Bezos is bearing the cost of taking apart a historic Dutch bridge so his US$485-million superyacht can pass, it was revealed this week. Rotterdam officials agreed to dismantle the steel Koningshaven bridge that .....

Captain Cook’s Endeavour discovery sparks controversy

February 03, 2022 09:29 PM AEDT| By Sukriti Nair

Highlights Australian National Maritime Museum claims the discovery of Captain Cook's Endeavour. Endeavour's discovery sparks a row among Australian and US researchers. The principal investigator believes emotions or politics should not drive .....

Andrew “Twiggy” Forrest takes legal action against Facebook, here’s why

February 03, 2022 09:03 PM AEDT| By Ritwika

Highlights Facebook fails to take down fake and misleading cryptocurrency advertisements featuring Andrew Forrest from its platform. Forrest takes a stand for all general Australian citizens from falling prey to such scams. The case will be he.....

Canva buys UK-based Flourish to expand business

February 03, 2022 02:31 PM AEDT| By Sukriti Nair

Highlights Software firm Canva buys Flourish, a data visualisation software company in London. Canva to continue scaling the Flourish platform while integrating its visualisation tech. Canva is aiming to double its expansion in UK. Design.....

Investors jittery after PayPal’s (PYPL) dim forecast, eBay deals reduce

February 03, 2022 04:18 AM AEDT| By Rupam Roy

Highlights PayPal’s total payment volume increased by 23% YoY in the fourth quarter of FY21. The revenue climbed 13% YoY in the same period. But it provided weak guidance for the first quarter of fiscal 2022. Payment processing comp.....

Queensland swelters under heatwave; power cut in over 23,000 homes

February 02, 2022 06:49 PM AEDT| By Priyanka Payal

Scorching heat and tropical humidity have taken a toll on Australian citizens, especially in Queensland. The gap between energy demand and supply has amplified the situation even further. Residents in Queensland have been asked to limit thei.....

Microsoft's US$68.7 billion mega-deal for Activision under cloud?

February 02, 2022 08:48 AM AEDT| By Sanjeeb Baruah

The Federal Trade Commission (FTC) is expected to open an antitrust probe into Microsoft Corporation’s US$68.7 billion mega-deal to acquire gaming company Activision Blizzard Inc (ATVI), media reports said. According to a person familiar wit.....

Can McDonald's (MCD) influence food companies to enter metaverse?

February 02, 2022 01:27 AM AEDT| By Rupam Roy

Fast-food chain McDonald's Corporation is celebrating the Chinese Lunar New Year with a specially created Metaverse-themed VR exhibition inspired by Zodiac signs. McDonald's on Tuesday greeted the citizens with a metaverse-themed exhibition as the.....

ACCC refers Rapid Antigen Test scammers to the police

February 01, 2022 08:52 PM AEDT| By Priyanka Payal

Highlights ACCC takes steps to control illegal pricing and selling of rapid antigen tests (RAT’s) in Australia. The competition regulator has sought an explanation from more than 50 test suppliers, including major retailers and phar.....

Global inflation pressures may ease in next 12-18 months, says OECD

February 01, 2022 08:33 PM AEDT| By Team Kalkine Media

Highlights Global inflation pressures would ease over the next 12 to 18 months, as per the OECD. The OECD sees rebalancing of the global demand and supply equation. Global economy has recovered well after being hit badly by COVID-19 pandemic. .....

Last call for cheap beer? Aussies to pay more for booze

February 01, 2022 06:00 PM AEDT| By Sukriti Nair

Highlights ATO hikes excise duty on alcohol from 1 February 2022. Tax on alcohol brewers and commercial premises is now in line with the recent CPI surge. The Australian beer tax is likely the fourth highest in the world. Beer at yo.....

Now Sony to acquire gaming company Bungie for US$3.6 billion

February 01, 2022 09:44 AM AEDT| By Rupam Roy

Sony Interactive Entertainment, a subsidiary of Sony Group Corporation, plans to purchase the privately-held gaming company Bungie for US$3.6 billion. Bungie had spun off from Microsoft in 2007. The software giant had acquired Bungie in 2000. The .....

Is taking salary in bitcoin becoming a new trend?

February 01, 2022 03:05 AM AEDT| By Farzan Moharkan

Highlights Many politicians and celebs recently announced their plan to take salaries in bitcoin and other cryptocurrencies. Belgian lawmaker Christophe De Beukelaer said he would be the first in Europe to take salary in bitcoin. Last year, in.....

Everything you need to know about Winter Olympics 2022

January 31, 2022 08:29 PM AEDT| By Toshiva Jain

The Winter Olympics 2022 is set to take place in Beijing this year. The sports gala begins on February 4 and will end on February 20. As the date of the long-awaited winter sports matches comes closer, there is a list of questions the world citizen.....

Ukraine crisis: Russia-US tensions heat up, oil supply woes to deepen?

January 31, 2022 05:39 PM AEDT| By Team Kalkine Media

The ongoing tension between the US and Russia over Ukraine intensified further on Sunday as the US government sought to step up diplomatic pressure on Moscow. The US vowed to put Moscow on the backfoot at the United Nations Security Council (UNSC) .....