World news

Is Robinhood Saving the Rich and Robbing the Poor?

The year 2020 had been extraordinary for Robinhood, an online trading app that attracts the young and mostly first-time investors to its commission-fr...

Retail brokers block long trades on GameStop shares 

Following days of wild frenzy, US games firm GameStop’s shares crashed 44% on Thursday. However, the stock also touched over $490 during the day...

General Motors to bid adieu to Gasoline and Diesel-powered Vehicles...

General Motors Co, the one of the largest automakers across the world, has announced that it would end sales of gasoline and diesel light-duty vehicle...

US stocks recover from slump; Dow gains over 300 points

The US stocks rebounded on Thursday even as the latest economic data was below expectations. The benchmark equity indices recorded their worst decline...

Lab tests confirm BioNTech (NASDAQ: BNTX), Pfizer vaccine effective ...

  A new laboratory test report that analysed the coronavirus candidate of BioNTech/Pfizer has revealed that the jab is prote...

Tech giants report earnings: How did Apple & Tesla fare

Technology giants Apple and Facebook turned in profitable revenue reports amid high expectations for the holiday quarter. However, Tesla has provided...

US stocks fall after Fed’s commentary; Dow slips 700 points

The US benchmark equity indices slipped steeply on Wednesday as the investors reacted to the Federal Reserve’s January monetary policy commentar...

Biden Eyes Long-Term Gain Over Short-Term Pain From Drilling Freeze

President Joe Biden’s order to halt new oil and gas leasing on federal land will have a rippling effect on the industry but it is part of his la...

AstraZeneca (LON: AZN) tries to clear the air over vaccine shortage...

  British-Swedish multinational pharmaceutical major AstraZeneca PLC (LON: AZN) seems to be mired in difficulties from all sides. On one side, t...

Can Ant Group revive its history-making IPO?

Last year, retail investors got a jolt when Chinese regulatory authorities abruptly suspended the much-awaited Ant Group's IPO, which was expected to...

Why are Dalian iron futures following a downward trend?

As President Xi Jinping declared in September that China intends to go carbon-neutral by 2060, the country's steel industry will play a vital role. Th...

GameStop shares continue haunting short sellers

GameStop shares rose significantly in the after-hours trading in the US on Tuesday. A market frenzy has broken in the US markets yet again, similar to...

Tech Titans Shine Despite Pandemic, Post Excellent Quarterly Results

Mega tech players including Google's parent company Alphabet, Facebook and Microsoft have been ruling the technology and digital space for years. The...

SpaceX Launches Rideshare Mission with Record Number of Satellites

California-based SpaceX has set a world record for the largest number of satellites launched into space in a single mission. Calling it a “Small...

Biden beefs up travel restrictions in wake of new virus strains

United States President Joe Biden is planning to impose a travel ban on most of the non-US citizens entering the country from select places where new...

Death of Loon Project, Google’s Bold Internet-For-All Bet

ns for futuristic applications.     Alphabet’s Loon balloons have shown how human ingenuity can help solve our complex problems...

Merck (NYSE: MRK) terminates Covid-19 vaccine development programme 

New Jersey-headquartered pharmaceutical giant Merck and Co. Inc (NYSE: MRK) said on Monday, 25 January, that it has terminated its Covid-19 (SARS-CoV-...

China dethrones US as the highest FDI recipient in 2020

According to an UNCTAD report released in January 2021, China was able to secure Foreign Direct Investment worth US$163 billion in the previous year,...

Sydney Airport Tightened Screening Process as New Case Found in NZ

Sydney is again on the tight spot as the Sydney Airport has increased its passenger screening protocols. Recently the state of New South Wales celebra...

Fire at serum institute, will this impact vaccine rollout?

On 21 January 2021, at least five construction workers lost their lives in a massive fire at the world's biggest vaccine manufacturer’s site in...