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World news
Covid-19 jabs: Citigroup to terminate unvaccinated employees
January 09, 2022 09:52 PM AEDT| By Priya BhandariHighlights Citigroup Inc recently announced that it would terminate its US-based employees who are not fully vaccinated as of January 14. The ‘No Jab, No Job’ policy was first disclosed in October 2021. If employees do not submit v.....
What does European energy crisis mean for Australian energy players
January 09, 2022 01:34 AM AEDT| By Team Kalkine MediaHighlights Household energy bills in Europe spiked as much as 54% relative to the bills consumers paid in 2020. Gas prices in the region soared about 10 times higher relative to the prices a year earlier. Policymakers are under int.....
What's panning out in Australian battery recycling space?
January 08, 2022 12:33 AM AEDT| By Anam SiddiquiHighlights The demand for lithium-ion batteries has increased significantly, driven by rising vehicle electrification and growing focus on renewable energy generation. Around 18,600 tonnes of batteries are discarded to landfill in Australia eac.....
Global semiconductor shortage continues to hurt car buyers in 2022
January 07, 2022 09:03 PM AEDT| By SamtaHighlights Due to ongoing supply chain disruptions and semiconductor shortages, new car buyers will have to suffer more in 2022. Covid-19 has slowed down the demand for new vehicles since early 2020. Global chip shortage will likely c.....
Hong Kong’s Disneyland closes temporarily amid Covid-19 outbreak
January 07, 2022 07:11 PM AEDT| By SamtaHighlights Hong Kong’s Disneyland will remain close for at least two weeks amid the Covid-19 outbreak. Depending on the rising cases, the theme park can remain closed beyond two weeks. Hong Kong’s Disneyland is set to remain cl.....
Nasdaq tech stocks plunge 50% or more, echoing dot-com crash
January 07, 2022 04:09 PM AEDT| By Sukriti NairOn Thursday, a near-record number of US Nasdaq listed tech stocks plunged by 50% or more, echoing the dot-com crash. Around 4 in every 10 companies on the Nasdaq composite index saw market values getting halved from their 52-week highs. Why are US.....
France’s privacy watchdog fines Google, Facebook over ‘cookies’
January 07, 2022 09:25 AM AEDT| By Sanjeeb BaruahHighlights Facebook and Google did not allow the refusal of cookies easily, the privacy watchdog said. It warned that failing to honor its decision would attract much harsher punishment, an additional daily fine of 100,000 euros. The EU regul.....
APRA updates on aggregate Committed Liquidity Facility
January 06, 2022 06:57 PM AEDT| By SamtaHighlights APRA announced to reduce the aggregate Committed Liquidity Facility to AU$102 billion. The CLF scheduled on 1 January has occurred as per the schedule. ADI’s CLF allocation would drop to zero through equal reductions on .....
Toyota unseats General Motors to become top car seller in US
January 06, 2022 06:16 PM AEDT| By Priyanka PayalHighlights Japanese Carmaker Toyota surpasses General Motors to grab the title of top car seller in the US. GM has said that its total sales were down about 13% due to semiconductor supply chain constraints. Both companies have reported .....
Australian flights banned in Hong Kong amidst COVID-19 concerns
January 06, 2022 05:38 PM AEDT| By Sukriti NairHighlights Hong Kong has banned inbound flights from Australia and eight other countries. The ban has emerged as a new challenge for Australian Airline companies. The stricter COVID-19 restrictions are a step to curd the surging COVID-19 infec.....
Why AdBlue prices are on rise?
January 06, 2022 04:57 PM AEDT| By Sonal GoyalHighlights Prices of AdBlue have quadrupled and is a significant cause of concern for the logistics and supply chain. It has been estimated that Australia can run out of AdBlue supplies by mid-February. The product that can wipe off Austra.....
Australia cancels tennis player Novak Djokovic's visa
January 06, 2022 03:55 PM AEDT| By Sonal GoyalHighlights Novak Djokovic was not allowed to enter Australia as he could not fulfil the requirements to enter the country. Djokovic's Australian visa got cancelled. The decision of whether he will enter Australia or not is still pending. .....
Foresight acquires further 51% of two solar farms in Queensland
January 06, 2022 03:51 PM AEDT| By Priyanka PayalHighlights UK-based Foresight Solar Fund Ltd acquires the remaining 51% stakes in Australia’s Oakley and Longreach solar farms. The company has gained 100% ownership in both solar farms with this acquisition. It is believed that mergers .....
Aussie auto sales surpass the million mark
January 06, 2022 03:49 PM AEDT| By Sukriti NairHighlights Aussie demand for cars and trucks jumped over 14% last year. Sales of new automobiles in Australia have crossed one million. In 2022, Auto manufacturers are working to strengthen supply chains. Australian automobile sales.....
GM unveils electric version of its top-selling pickup Chevy Silverado
January 06, 2022 08:20 AM AEDT| By Sanjeeb BaruahHighlights Silverado EV, the electric version of GM’s top-selling car by the same name, is expected to hit the dealers next year. The company had earlier said that Silverado will have more high-tech features and driving range compared to.....
Google acquires Israeli start up Siemplify to boost security
January 05, 2022 07:17 PM AEDT| By Sonal GoyalHighlights Google has bought Siemplify to boost its security operations. The acquisition follows the pledge taken by Alphabet Inc-owned Google in the presence of US president Joe Biden. Alphabet Inc will invest $10 billion in cybersecurity ove.....
Will Australia and Japan’s military treaty emerge as a threat to China?
January 05, 2022 06:40 PM AEDT| By Aditi SahaHighlights Australia's military fortunes are expected to shine brighter following the signing of a significant defence treaty between Australia and Japan. According to Tokyo's top diplomat in Canberra, both Australia and Japan are ready to send.....
Australia in dire need of skilled, unskilled workers: NAB Report
January 05, 2022 05:16 PM AEDT| By Priyanka PayalHighlights Australia is facing the problem of acute labour shortage. Research by the banking giant National Australia Bank (NAB) indicates that around 4 in 10 Australian businesses are witnessing significant impacts from scarce labour. As per .....
Job ads tumble as Omicron fears lurk in the background
January 05, 2022 05:16 PM AEDT| By Akanksha VashishtRising job advertisements were hailed as one of the key forces behind buoyant expectations for the economy in 2022. After rising for two consecutive months, job advertisements fell in December, as fears surrounding the Omicron strain consumed inves.....
Australia loses ‘unprecedented’ number of foreign diplomats in pandemic
January 05, 2022 05:04 PM AEDT| By Sukriti NairA 51-page incoming operational transient for Dfat’s (Department of Foreign Affairs and Trade) new secretary, Kathryn Campbell, reveals a fall in the number of positions at Australian embassies and diplomats on overseas postings, during the pa.....
