World News in Brief: From Ukraine crisis, Beijing Olympics to Omicron

US-Russia talks on Ukraine US President Joe Biden held a two-hour virtual meeting with his Russian counterpart Vladimir Putin to discuss Ukraine. Russia’s troop deployment on its border with Ukraine has raised tension. The US intelligence comm...

US markets close higher, turbocharged by tech, energy stocks

Benchmark US indices closed higher on Tuesday, December 7, lifted by technology, energy, and consumer discretionary stocks in a turbocharged trading session. The S&P 500 was up 2.07% to 4,686.75. The Dow Jones rose 1.40% to 35,719.43. The NASDAQ...

US mulls swift, tough sanctions to deter Russia from invading Ukraine

Highlights The White House has stepped up its diplomatic efforts in Europe this week to put together a joint response in the event of a conflict in eastern Europe. President Joe Biden has sought a commitment from the new German government to h...

Kalkine Daily Brief: Top world news of the day 

Chipmaking giant Intel Corporation has announced that it would list shares of Mobileye, its Israel-based subsidiary that specializes in self-driving car technology, like camera systems for automated cars. Intel acquired the company in 2017. Samsun...

China’s Evergrande hits 11-year low failing to repay creditors

Highlights  Chinese real estate firm Evergrande Group fails to repay creditors. Evergrande shares fell 20% on Monday after the Company announced it cannot guarantee enough funds to meet its financial obligations. The ailing Chinese develo...

Will the Wuhan-born coronavirus continue to impact our lives in 2022?

When will Covid-19 end? When will life come back to normal? Will we ever get rid of the masks and the fear that this pandemic has induced upon us in the last two years? There are numerable questions around coronavirus with no definite answer insight....

US markets rise, lifted by energy, industrial stocks

Benchmark US indices closed higher on Monday, December 6, lifted by energy, industrial, and financial stocks as Omicron concerns faded. The S&P 500 surged 1.17% to 4,591.67. The Dow Jones rose 1.87% to 35,227.03. The NASDAQ Composite was up 0.93...

Airbnb rentals illegal in NYC if occupants stay less than 30 days

Highlights Airbnb Inc (NASDAQ: ABNB) rentals are made illegal in most New York City buildings if lodgers stay less than 30 days. The Higher Regional Court of Vienna has banned Airbnb listings in municipal buildings. The ABNB stock ticked up 19...

Bitcoin recoils 18% after slipping to $42,000

Highlights  Bitcoin has turned extremely turbulent in the recent sessions The crypto-asset bounced back sharply to $49,699 on Sunday On Saturday, the cryptos encountered massive selling pressure Bitcoin has turned extremely turbulent...

Can Omicron cause more damage than other COVID-19 variants? the latest findings

Highlights The World Health Organisation (WHO) recently flagged the coronavirus strain B.1.1.529 (Omicron). WHO scientists are of the view that the people who previously contracted COVID-19 have an increased risk of reinfection with this varian...