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World news
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 .....
Virtual care is booming amid pandemic: A glance at the pros and cons of telehealth
June 08, 2021 11:35 AM AEST| By Tripti JoshiSummary Telehealth is the delivery and assistance of health and other health-related services via telecommunications or digital communication technologies. In Australia, telehealth services are mainly controlled by federal and state governments.....
India offers free COVID-19 vaccines to all as daily cases hit 68-day low
June 08, 2021 11:12 AM AEST| By Furquan MoharkanSummary India has declared to offer free vaccines to all adults. The move comes a week after the top court lashed out at the central government for botched-up vaccine rollout. The daily cases in the country have slipped to a 68-day low. I.....
Second high-profile exit: Another Tesla veteran quits
June 08, 2021 10:58 AM AEST| By Furquan MoharkanSummary Tesla veteran Jerome Guillen quits the EV maker. Move comes just three months after he was appointed the head of trucking business. He is the second top executive to quit in less than two months. Jerome Guillen – a veteran a.....
US Stocks Start Week On Hesitant Note As Blue-Chips Retreat
June 08, 2021 08:30 AM AEST| By Sanjeeb BaruahBenchmark US indices began the week with a subdued note on Monday as investors returned to a new trading session following their weekend break. The S&P 500 was down 0.08% to 4,226.52. The Dow Jones Industrial Average declined 0.36% to 34,630.24....
Role of mRNA vaccines in combating COVID-19: Pros & Cons
June 07, 2021 03:29 PM AEST| By Tripti JoshiSummary Scientists have been examining messenger RNA (mRNA) vaccines for decades and have gained attention as an important way to tackle COVID-19. mRNA is a type of ribonucleic acid (RNA) necessary for protein production in the body. Despite t.....
Tesla pulls the plug on Model S Plaid Plus plan
June 07, 2021 02:57 PM AEST| By Furquan MoharkanAmerican electric vehicle maker Tesla Inc (NASDAQ:TSLA) has officially cancelled the most expensive variant of its flagship sedan – the Model S Plaid Plus. “Plaid+ is canceled. No need, as Plaid is just so good,” tweeted Tesla CEO...
APAC markets mixed as China trade data misses estimates
June 07, 2021 02:15 PM AEST| By Furquan MoharkanSummary APAC markets are a mixed bag after China trade numbers missed the estimates. China and Australia are trading in the red. Japan and Korea are in the green. The markets across the Asia Pacific (APAC) region were mixed on Monday morn.....
How is virtual reality transforming the healthcare sector?
June 07, 2021 12:19 PM AEST| By Tripti JoshiSummary Virtual reality (VR) in the healthcare sector is in a nascent stage. However, it is gaining popularity as many healthcare organizations have started implementing virtual reality. VR solutions allow both patients and healthcare professio.....
What is PMI and why is it important?
June 07, 2021 11:03 AM AEST| By Furquan MoharkanThe Purchasing Managers’ Index (PMI) has been in news all through the last two weeks. Many countries across the world released their PMI numbers for the month of May – which determined the trend in their stock markets. So, what is PMI?...
G7 Group Strikes Deal On Taxing Multinationals
June 06, 2021 05:33 PM AEST| By Raza NaqviIn an unprecedented move on Saturday, June 5, the Group of Seven (G7) countries struck a historic deal to overhaul international laws stopping corporate tax avoidance by large multinational companies.Under the new agreement put forward by the Finan.....
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