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World news
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...
Here’s Why Your Netflix and Amazon Blanked Out on Tuesday
June 09, 2021 01:21 AM AEST| By Kamalika GhoshSummary Websites like Bloomberg News, Reddit Inc, the New York Times, and the UK government faced an outage. Users across the world faced issues accessing BBC, CNN, and Guardian as well as Netflix and Twitch. Fastly was able to fix the issue a.....
How is the Australian gaming industry placed amid a booming market?
June 08, 2021 08:03 PM AEST| By Sonal SinhaSummary The Australian gaming industry flourished during the COVID-19 pandemic as people spent more time at home due to the government-initiated lockdowns. It is anticipated that the industry will continue to grow at a notable pace, with market.....
AMC, GameStop, other meme stocks delivered multibagger returns in 2021
June 08, 2021 07:31 PM AEST| By Chitranjan KumarSummary AMC, GameStop, BlackBerry and other meme stocks ended higher on Wall Street on Monday. AMC shares have rallied 2,636% in 2021, while GameStop has zoomed over 1,500% year to date. The valuation of meme stocks is based on social media hy.....
Prime Minister Ardern honours bravehearts on the occasion of the Queen’s birthday
June 08, 2021 05:26 PM AEST| By Team Kalkine MediaTo mark the birthday of Queen Elizabeth, the New Zealand government announced several awards for outstanding performances in various fields. Prime Minister Jacinda Ardern made these announcements and thanked people for their outstanding contributio.....
Afterpay fiasco: What is a class action lawsuit and what is its significance?
June 08, 2021 03:45 PM AEST| By Furquan MoharkanOn Tuesday, it was reported that Australian fintech giant Afterpay Ltd (ASX:APT) is facing a proposed class action complaint filed in the US Northern District Court of California by two US law firms. The claim alleges that the company’s marketi...
Historic! Biogen’s aducanumab becomes the first FDA-approved Alzheimer’s drug in ~20 years
June 08, 2021 03:14 PM AEST| By Tripti JoshiSummary Biogen has received accelerated approval from the Food and Drug Administration (FDA) for its Alzheimer’s disease (AD) treatment, aducanumab. The clinical trials results demonstrate that aducanumab reduced amyloid-beta plaques by 5.....
Kiwis make their mark on Queen's Birthday 2021 Honours List
June 08, 2021 03:10 PM AEST| By Jasmine AnandSummary The Queen's official birthday is celebrated in June, with the Trooping the Colour parade as the major highlight. Several New Zealanders are being given awards for their services rendered in various distinguished fields. PM Ardern welco.....
Money For Nothing? The Economic Marketplace of Art
June 08, 2021 02:28 PM AEST| By Daniel Paul JohnsSummary The world of art has always encompassed a society often mocked for its pretentiousness, paying through the nose for works that on the surface could’ve been done by a blindfolded kindergartener. And yet, some of these so-called work.....
Is NZ moving slow in its vaccination roll-out?
June 08, 2021 01:03 PM AEST| By RomaThe pace of the coronavirus vaccine roll-outs in the world is something that is on focus at the moment with some doing better than others in terms of uniform and timely administration of the same in the appropriate age groups from time to time. Fig.....
APAC shares in green, ASX 200 the best performer; Japanese GDP beats estimates
June 08, 2021 11:58 AM AEST| By Furquan MoharkanSummary APAC markets are in the green after the Japanese economy performed better than the estimates. China is trading in the red. The ASX 200 is the best performer in the region. The equity markets in the Asia Pacific region were mostly .....
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