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World news
Breathonix’s COVID-19 breath test obtains conditional approval in Singapore
May 25, 2021 10:08 AM AEST| By Team Kalkine MediaSummary Singapore health authority has given provisional approval for the COVID-19 breath test developed by Breathonix. The COVID-19 breathalyzer detects the volatile organic compounds (VOCs) biomarkers and can generate findings within sixty se.....
US Markets Close Higher As Tech, Cyclical Stocks Shine
May 25, 2021 08:38 AM AEST| By Team Kalkine MediaAll benchmark US indices closed higher on Monday, May 24, lifted by technology and cyclical stocks as investors kept their inflation worries aside to focus on opportunities from the reopening of the economy. The S&P 500 gained 0.99% to 4197.05....
The business of podcasting: How do podcasters rake in revenue?
May 24, 2021 07:44 PM AEST| By Team Kalkine MediaSummary Podcasting is the fastest growing medium in the world, but it hasn’t yet realised its monetary potential. A meagre one per cent of podcasts accounts for the lion’s share of revenue despite there being over 1.7 million podcas.....
COVID-19 Vaccines’ Global Roll-Out A Tough Nut to Crack
May 24, 2021 01:26 PM AEST| By RomaSummary Vaccine roll-out across the world facing a lot of challenges. Different countries facing vaccine shortage. AstraZeneca’s side effects caused huge concerns in the roll-out pace. Vaccine roll-out across the world has witnessed.....
Virgin Galactic Completes Third Spaceflight
May 23, 2021 06:55 PM AEST| By Kiran MuraliSummary VSS Unity reached space at an altitude of 55.45 miles before gliding back. The flight marks the company’s third spaceflight and the first from New Mexico. Jeff Bezos’ space company Blue Origin will launch its first space to.....
How protective are COVID-19 vaccines against new variants?
May 23, 2021 06:51 PM AEST| By Kiran MuraliSummary A study by Public Health England says two doses of Pfizer-BioNTech and AstraZeneca vaccines are effective against the B.1.617.2 variant. Both the vaccines give similar protection against the strain first found in India and the one domin.....
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IMF Estimates US$50B Cost To End Pandemic In 2022
May 23, 2021 06:46 PM AEST| By Kiran MuraliA probable end to the COVID-19 pandemic could cost US$50 billion, according to the latest report by the International Monetary Fund. The international financial institution believes that vaccinating at least 40 percent of the global population by .....
What Synergies Amazon Can Expect from MGM Acquisition?
May 23, 2021 10:20 AM AEST| By Suhita PoddarSummay Amazon is in talks to acquire the renowned MGM Studios. MGM was looking for a buyer since December 2020, as per reported by media sources. A bid of about $7 to $10 billion is being considered by Amazon for this acquisition of MGM St.....
Carbon Prices at an All-Time High; What’s Ahead?
May 23, 2021 12:40 AM AEST| By Nitish KumarSummary The prices of carbon have touched an all-time high during this week. The trend is expected to continue, on the back of implementation of more reforms to reduce greenhouse gas emissions in the near future. The European Union (EU) is hom.....
“Pied Piper”: the curious case of Elon Musk
May 23, 2021 12:37 AM AEST| By Furquan MoharkanBillionaire Elon Musk, the CEO of Tesla Inc (NYSE:TSLA), has a habit of staying in headlines – from his off-the-cuff tweets to ideas that seem irrational. This time, he is again in news, but a large section of people is angry at him, calling hi...
Volatility on rise; markets gripped with fear
May 23, 2021 12:33 AM AEST| By Furquan MoharkanThe volatility in Wall Street has shown a massive spike in the past one month, while the fear has been visible – a trend which may lead to further downside in the shares. The volatility index – represented by Chicago Board Options Exchan...
US Proposes 15% Tax On Global Corporate Profits
May 22, 2021 01:34 PM AEST| By Team Kalkine MediaSummary Treasury Department eyes 15% minimum corporate tax on overseas profits of US companies. OECD estimates that countries lose US$240 billion to companies that shift their earnings to countries having lower tax base. The Treasury D.....
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US Markets End Mixed As Stocks Retreat
May 22, 2021 01:02 PM AEST| By Team Kalkine MediaThe S&P 500 and the tech-heavy NASDAQ Composite Index closed lower, while the Dow Jones Industrial Average saw muted gains on Friday, May 21, as investors moved away from risker assets. The S&P 500 was down 0.08% to 4,155.86. Dow Jones rose...
US Stocks Rebound On Upbeat Labor Data
May 21, 2021 08:17 AM AEST| By Team Kalkine MediaAll benchmark US indices closed higher on Thursday, May 20, halting a downward trend witnessed in the past three days, as stocks bounced back sharply amid positive labor data. The S&P 500 was up 1.06% to 4,159.12. The Dow Jones Industrial Averag...
What Are The Non-Budgetary Parts Of Kiwi Budget 2021?
May 21, 2021 06:00 AM AEST| By Team Kalkine MediaSummary A balanced budget includes a mix of budgetary allocations as well as the consideration of the well-being of citizens. New Zealand’s Federal Budget 2021 aims to uplift its citizens’ living conditions by introducing a series o.....
Is US getting ready to tighten monetary policy? Fed drops hawkish hints
May 20, 2021 12:28 PM AEST| By Furquan MoharkanSummary The Fed has said that it would tighten the monetary policy, if the economy improves. The Fed hints at truncating its bond purchases programme. The balance sheet of Fed has doubled during the pandemic. The US Federal Reserve is mul.....
US Stocks Plunge In Broad Rout, Bitcoin Sees Record One-Day Fall
May 20, 2021 08:32 AM AEST| By Team Kalkine MediaUS stock markets continued a losing streak on Wednesday, May 19, as losses across all sectors deepened amid a dwindling risk appetite among investors and a sharp decline of cryptocurrencies. The S&P 500 was down 0.29% to 4,115.68. The Dow Jones...
Canada’s OSF Digital Acquires NZ’s Adept Group To Enhance Its Presence Across Australasia
May 20, 2021 06:00 AM AEST| By Team Kalkine MediaSummary Canadian OSF Digital has acquired Adept Group, which has offices located in Auckland and Wellington. Both the companies will draw mutual benefits from the acquisition, with an increased global presence in B2B and B2C commerce services. .....
100,000 dead in a month: COVID-19 continues relentless onslaught in India
May 19, 2021 04:13 PM AEST| By Furquan MoharkanThe raging COVID-19 pandemic in India has left 104,488 people in country dead in just a month’s time, as the country is hurtling towards the total death toll of 300,000. As on date, the pandemic death toll in the country stands at 283,281, c.....
APAC markets a sea of red; ASX200 bleeds AU$40 billion
May 19, 2021 03:05 PM AEST| By Furquan MoharkanThe markets across the Asia-Pacific region were mostly trading in red on Wednesday, with Australian markets being the worst performer. The country’s benchmark ASX200 was down 2.01% due to weak consumer sentiment. As ASX200 marked its worst s.....
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