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World news
Is COVID-19 wave on the ebb? Signs of relief as cases decline
May 17, 2021 11:51 AM AEST| By Furquan MoharkanThe COVID-19 pandemic is seen easing out across the globe, as fresh infections in India have been dwindling for four days on the trot now. On Sunday, the world reported 529,851 fresh cases of the highly contagious virus – its lowest level in.....
Has Tesla dumped Bitcoin holdings? Elon Musk drops a hint
May 17, 2021 10:39 AM AEST| By Furquan MoharkanBillionaire Elon Musk on Sunday night hinted that Tesla Inc (NASDAQ:TSLA) might have dumped its holdings in the world’s largest cryptocurrency – Bitcoin. This triggered a 12% crash in Bitcoin prices from the 24-hour high. Musk’s .....
Israel-Palestine Conflict: Biden Calls For De-Escalation
May 16, 2021 05:41 PM AEST| By Kiran MuraliAmid the rising conflict between Israel and Palestine, the US President, Joe Biden, spoke to Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas on May 15. President Biden supported Israel’s right to defend itself...
Cyberattack hits Colonial Pipeline, chokes US East Coast fuel supply
May 15, 2021 03:35 AM AEST| By Nitish KumarLast week, the world witnessed a major cyberattack on a US fuel pipeline that stymied the supply of gasoline and diesel on the east coast of the mighty United States. Colonial Pipeline, the largest pipeline system for refined oil products in the U.....
Amazon to Create 10,000 Jobs in the UK To Boost Employment
May 15, 2021 01:05 AM AEST| By Suhita PoddarSummary Amazon to hire 10,000 people across the regions of Dartford, Doncaster, Gateshead, Hinckley and Swindon. It plans to invest £10 million towards skills training in the UK over the next three years. The firm is also hiring another .....
Jacinda Ardern Takes TheTop Spot on Fortune List of World Leaders
May 14, 2021 04:24 PM AEST| By RomaSummary Jacinda Ardern declared the world’s top leader on Fortune List. She beat the likes of Dolly Parton and Melinda Gates This award is due to proactive work in the pandemic. In a recent update, it’s been announced th.....
APAC markets open mostly in green on Wall Street cues
May 14, 2021 03:36 PM AEST| By Furquan MoharkanThe Asia Pacific (APAC) markets opened mostly in green on Friday, following the Wall Street rally overnight. The Japanese shares were the biggest gainers in the region, with Nikkei225 up 2.3%, having wiped most of the losses it made in the Thursda.....
Will Chevron Corp. (NYSE: CVX) Prices Cross the Hurdle on Charts?
May 14, 2021 03:25 PM AEST| By Team Kalkine MediaSummary Chevron Corp. (NYSE: CVX) has outperformed the index and generated ~16.01 percent returns in the last 3 months. On the daily chart, CVX’s prices are moving in a horizontal channel pattern and taking support from the 100-period Sim.....
US tax sleuths, justice dept set to probe Binance: Reports
May 14, 2021 02:43 PM AEST| By Furquan MoharkanOne of world's largest cryptocurrency exchanges, Binance is facing investigation from the US Internal Revenue Service and the Justice Department, reports said. The probing officials have asked for detailed information from individuals with insight.....
Coinbase rides the crypto boom to hit over US$1 billion in revenue
May 14, 2021 01:47 PM AEST| By Furquan MoharkanCoinbase Global Inc (NASDAQ:COIN), a US-based holding company for an cryptocurrency exchange platform by the same name, has reported 9.45 times jump in its revenue as it surged past the $US1 billion-mark in quarterly revenue. The company reported .....
Immigrant Protestors Question Kris Faafoi Regarding Their Plight
May 14, 2021 12:43 PM AEST| By RomaSummary Immigrant protests outside the Parliament Immigration Minister facing fire over border restrictions. Several families and friends have been stranded on each side of the border. While New Zealand as well as several other countries .....
Is Musk’s Reverse Gear on Bitcoin Dragging Tesla Stocks Down?
May 13, 2021 08:12 PM AEST| By Suhita PoddarSummary Tesla CEO, Musk has said that bitcoin payments could contribute to greater consumption of fossil fuels. Tesla now intends to resume Bitcoin for transactions once as its mining gets transitioned to more sustainable energy options. The e.....
Bears grip APAC markets on inflation woes
May 13, 2021 03:07 PM AEST| By Furquan MoharkanThe bears seem to have gripped the Asia Pacific (APAC) markets for the second day on the trot, driven by the fears of rate hikes by the central banks. All the indices in the region, save the Taiwanese markets, were trading in red. The Taiwan Weigh.....
Rocket Lab All Set To Test Space Vehicle’s Reusability
May 13, 2021 01:19 PM AEST| By RomaSummary Rocket Lab to send out electron launch testing vehicle. This could mean reusable spacecrafts and vehicles in the future. Up against SpaceX, which already boasts reusable vehicles. Rocket Lab is ready with the first vehicle for ele.....
Bitcoin crashes as Tesla does a U-turn on the largest crypto
May 13, 2021 01:00 PM AEST| By Furquan MoharkanThe Palo Alto-headquartered electric vehicle maker Tesla Inc (NASDAQ: TSLA) will stop using Bitcoin as payment mode for car purchases, CEO Elon Musk has said in a tweet. The price of Bitcoin, has since crashed by 15.8% and is trading below the US$5.....
Petition calls for New Zealand Government to reform Pharmac
May 13, 2021 12:47 PM AEST| By SonalA petition with over 100,000 signatures calling for a substantial increase in budget and independent review of Pharmac was handed over to the New Zealand Parliament on Wednesday. The petition was submitted by Patient Voice Aotearoa (PVA), which deman...
COVID-19 continues to hammer India; global cases decline
May 13, 2021 11:31 AM AEST| By Furquan MoharkanThe spread of the COVID-19 pandemic in India continues to test the limits of the country’s healthcare system, even as the global situation has visibly improved. In last seven days, the fresh cases reported by India – the new epicentre .....
Amazon Dodges US$300 Million EU Tax Order
May 13, 2021 09:23 AM AEST| By Team Kalkine MediaSummary European judges noted that the European Commission failed to show proof of preferential treatment to Amazon by Luxembourg. European Commissioner for Competition Margrethe Vestager had filed the tax evasion case against Amazon. In 2020,.....
US Consumer Prices Rise By 4.2%, The Fastest Pace Since 2008
May 13, 2021 07:55 AM AEST| By Team Kalkine MediaThe US Consumer Price Index (CPI), a key gauge for changes in commodity and services prices, rose 4.2% in April, compared to the same period a year ago, as demand for various goods surged amid a significant improvement in the economy following the .....
SoftBank Posts US$46bn Annual Profit, Highest By A Japanese Company
May 13, 2021 06:00 AM AEST| By Team Kalkine MediaSummary SoftBank's full-year net profit soared to 4.99 trillion yen or US$46 billion, the highest for any Japanese company to date. SoftBank's profit surpassed Microsoft's record annual net profit of US$44.28 billion for its fiscal year ended J.....
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