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World news
Burger Chain McDonald’s Becomes Latest Victim Of Cyberattack
June 12, 2021 01:19 PM AEST| By Team Kalkine MediaSummary Cyber criminals hack into McDonald’s employee and customer data in South Korea and Taiwan. Meat company JBS and energy firm Colonial Pipeline also have been the target of cyberattacks. JBS and Colonial Pipeline were forced to pay.....
Virginia Joins Global Fight Against Plastic Pollution
June 12, 2021 10:34 AM AEST| By Team Kalkine MediaSummary As per the law, anyone above the age of 16 who intentionally litter plastic outdoors will be fined US$25. It also prohibits the release of 50 gas balloons or more in the air within an hour. The goal is also to reduce single-use plastics.....
US Markets Close Higher Ahead of Fed Meet Next Week
June 12, 2021 07:46 AM AEST| By Sanjeeb BaruahBenchmark US indices closed the week higher on Friday, June 11, ahead of a crucial meeting of the Federal Reserve that may deliberate on the recent spike in inflation and other developments. The S&P 500 was up 0.19% to 4,247.44. The Dow Jones ro...
Crackdown on fake medicines trade: Thousands of counterfeit online pharmacies shut worldwide
June 12, 2021 12:48 AM AEST| By Tripti JoshiSummary A record number of web links, including websites and online pharmacies, have been closed under an Interpol-led Operation. Fake COVID-19 tests, face masks and sanitizers made a significant proportion of the counterfeit products. The cou.....
APAC market mixed; ASX200 up 0.12%
June 11, 2021 01:49 PM AEST| By Furquan MoharkanSummary Asia markets opened on a mixed note on Friday. Chinese shares were in the red. Overnight, the S&P 500 closed at a record high. The equity markets in the Asia-Pacific (APAC) were mixed in Friday trade, after overnight gains on .....
What are signs of a stagflation? Are we headed there?
June 11, 2021 12:57 PM AEST| By Furquan MoharkanIn economics, a higher gross domestic product (GDP) growth means that people in that country have more income. A higher income leads to more spending, which in turn, increase the prices of products and that leads to a spike in inflation. In contrast...
COVID-19: Are Intranasal vaccines better than the traditional vaccine shots?
June 11, 2021 10:47 AM AEST| By Tripti JoshiSummary The intranasal route of vaccine administration has enormous potential because of the organized immune system of the nasal mucosa, high compliance, and low cost. Scientists believe that intranasal vaccines will reduce the virus load in t.....
US Stocks Advance After Mixed Cues From Economy
June 11, 2021 08:28 AM AEST| By Sanjeeb BaruahAll benchmark US indices closed higher on Thursday, June 10, after investors appeared to have ignored new labor data, which showed that consumer prices surged to a record 13-year high in May. The S&P 500 rose 0.47% to 4,239.18. The Dow Jones gai...
Electronic Medical Records (EMR): What are they, and why do we need them?
June 10, 2021 04:39 PM AEST| By Tripti JoshiSummary Electronic Medical Records (EMR) are real-time patient records that provide medical information immediately and securely to authorized users. EMRs are developed to share information with other health care providers (HCPs) and organizati.....
What is BNPL and why is it important?
June 10, 2021 03:04 PM AEST| By Furquan MoharkanThe buy now pay later (BNPL) is an age-old concept, revived in a trendy way by Fintech companies across the world. To put it simply, it means a customer taking home their purchase but paying for it on a later date. In BNPL, a customer buys the produ...
UN urges countries to focus on quick COVID-19 vaccination
June 10, 2021 02:46 PM AEST| By RomaSummary The UN urges countries for the prioritisation of quick vaccine delivery. The UN says monetary gains should be left secondary. Why is there a need to expedite the process of vaccination? With the vaccine roll-out underway in differ.....
APAC markets in green; ASX200 up 0.44%
June 10, 2021 12:49 PM AEST| By Furquan MoharkanThe equity markets in the Asia-Pacific (APAC) region were trading in the green, even as the Dow Jones Industrial Average continued its losses for the third consecutive day. Japan’s Nikkei 225 was trading 29 basis points (bps) higher while th.....
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US Stocks Edge Lower As Financials, Industrials Slip
June 10, 2021 08:13 AM AEST| By Sanjeeb BaruahBenchmark US indices closed lower on Wednesday after financials, industrials, and consumer stocks led a broad retreat in the markets amid mixed global and domestic cues. The S&P 500 was down 0.18% to 4,219.55. The Dow Jones shed 0.44% to 34,447....
What China’s record factory-gate prices mean for global economy
June 09, 2021 07:34 PM AEST| By Chitranjan KumarSummary China’s factory-gate prices hit a 12-year high in May on higher commodity prices. The producer price index (PPI) rose to 9% in May, up from 6.8% reported in April 2021. The consumer price index surged to 1.3% in May, compared to .....
COVID-19 vaccine booster shots: do we really need them?
June 09, 2021 03:00 PM AEST| By Tripti JoshiSummary There’s been a lot of discussion around COVID-19 booster shots, considering the emergence of new variants in recent months. Experts highlight that people will likely need a third dose, or a booster shot, of the COVID-19 vaccine af.....
New Zealand’s Auckland tops the chart of EIU’s Annual Global Liveability list
June 09, 2021 02:55 PM AEST| By Jasmine AnandSummary Auckland tops the rankings for the most liveable city globally, replacing Vienna, which had been holding the position since 2018. The Kiwi nation fared well in the list because of its successful policies in eliminating the pathogen with.....
APAC markets mixed as China inflation soars to 12-year high
June 09, 2021 01:53 PM AEST| By Furquan MoharkanSummary APAC markets are mixed with the Japanese and South Korean markets trading in the red. China factory gate inflation surges to highest in 12-years. Philippine markets are the best performers in the region. The equity markets in the .....
US revises travel ratings for 110 nations; eases restrictions
June 09, 2021 11:43 AM AEST| By Furquan MoharkanIn a major sigh of relief for the sports lovers across the world, the US has eased travel restrictions on over 110 countries including Japan, just before the start of the Olympics. The new ratings by the US Centers for Disease Control and Prevention...
Bitcoin tumbles 8% after US nabs US$2.3M crypto ransom from Colonial hackers
June 09, 2021 11:03 AM AEST| By Supriya KumariIn yet another cryptocurrency meltdown, Bitcoin prices tanked overnight once again, as officials in the US were able to recover most of the ransom paid to hackers that targeted Colonial Pipeline – the largest pipeline system for refined oil pro...
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US Stocks Wobble On Inflation Worries
June 09, 2021 07:49 AM AEST| By Sanjeeb BaruahUS stocks saw subdued trade in Tuesday’s session, with all major indices ending flat as inflation worries weighed on the markets. The S&P 500 was up 0.02% to 4,227.26. The Dow Jones declined 0.09% to 34,599.82. The NASDAQ Composite gained...
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