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UK government urges those over 70 to take Covid-19 jabs
February 13, 2021 10:23 AM GMT| By Kunal SawhneyIn a final push to meet the vaccination target, UK ministers are asking those between 70 and 80 years to get their first Covid-19 shot. Over 14 million people in the UK have received at least one vaccine shot and the number is expected.....
US Markets End Week With Modest Gains; Disney Revenues Up 22%
February 13, 2021 01:45 AM GMT| By Kunal SawhneyUS stock markets ended the week with modest gains on Friday after the Biden administration announced that more COVID vaccines are on the way and positive sentiment over the central bank’s efforts to contain any potential risk to the economy. .....
How London stocks performed after a record 9.9% slump in GDP?
February 12, 2021 07:33 PM GMT| By Kunal SawhneyUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 3.56 points or 0.09 per cent lower at 3,912.82, Dow Jones Industrial Average Index dropped by 62.99 points or 0.20 per cent lower at 31,367.71...
Tesla's (NASDAQ:TSLA) Chinese New Year Software Update Includes TikTok
February 12, 2021 04:17 PM GMT| By Hina ChowdharyIn the essence of Chinese New Year, which falls on Friday, February 12, Tesla Inc (NASDAQ:TSLA, TSLA:US) has unveiled a new software update in China that contains social media app TikTok. Tesla China’s 2021.04.05 Software Update also include.....
How Amsterdam Replaced London As Europe’s Largest Share Trading Centre
February 12, 2021 03:13 PM GMT| By Kunal SawhneySummary Daily trading in the Netherlands share market shot up to roughly €9.2billion in January. Trading volumes in London dropped to €8.6 billion from €17.5billion. Brexit’s impact on the UK has started showing up. Am.....
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What is Stellar & Lumen (XLM)? How Does It Work?
February 13, 2021 01:16 AM AEDT| By Kunal SawhneyStellar is a blockchain-based payment system. Its crypto coin trades under the ticker name Lumen (XLM). The token offers discounted transactions to financial institutions via its blockchain-backed platform. Jed McCaleb, a serial cryptocurrency entre...
How PepsiCo wrapped up an uncertain year?
February 12, 2021 01:15 PM GMT| By Team Kalkine MediaPepsiCo, Inc. recently released full-year and last quarter results. The consumer goods business clocked full-year revenue growth of 4.8%, while fourth-quarter revenue was up 8.8%. FX impact for the full-year negative 2%. Source: PepsiCo NY.....
Post-Brexit relief: UK government to give £20m aid to support SMEs
February 12, 2021 12:15 PM GMT| By Kunal SawhneyIn order to support the smaller businesses in the United Kingdom, the Boris Johnson government has announced a monetary aid of £20 million, primarily focused to help the small and medium enterprises. The fund has been allo.....
How Effective Is the Government’s Approach of Imposing A Cladding Tax?
February 12, 2021 10:04 AM GMT| By Hina ChowdharyIn a bid to make high-rise buildings safer, the British housing secretary announced a £3.5-billion plan to replace combustible cladding that can be dangerous for all buildings taller than 18 meters. The British government will provide reassur.....
UK economy contracts by 9.9% in 2020, largest-ever annual fall in GDP
February 12, 2021 09:44 AM GMT| By Kunal SawhneyThe UK economy recorded the “largest-ever” annual fall with the GDP slipping by 9.9 per cent in the pandemic-laden calendar year, as per latest figures from the Office for National Statistics. The UK GDP saw a growth of 1 per ce.....
What does EU proposal to delay application of post-Brexit trade deal means for Britain?
February 12, 2021 08:16 AM GMT| By Kunal SawhneyThe European Commission has asked its member states to delay the applications of the post-Brexit trade deal with UK till April. On Tuesday, the proposal to extend the deal was sent for approval after which it will be sent to a joint council l.....
Is the UK economy poised for a sharp turnaround?
February 12, 2021 07:41 AM GMT| By Kunal SawhneyAndy Haldane, chief economist at the Bank of England, has said that the current state of the UK economy is like a coiled spring bursting to release a huge amount of pent-up financial energy. Consumer confidence would surge back with full fo.....
Bumble Explodes on the Market with Bumper IPO
February 12, 2021 03:08 AM GMT| By Team Kalkine MediaBumble Inc., which runs the female-centric dating app Bumble, went public on 11 February 2021. The company had priced its IPO at USD 43 a share, above the expected range. However, the stock started trading up around 77% at USD 76 per share in its .....
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Macquarie Group raised €1.6 billion for second stage global renewable funds
February 12, 2021 02:25 AM GMT| By Team Kalkine MediaThe world’s leading infrastructure investor, Macquarie Group Ltd has raised €1.6 billion as a part of second stage global renewable funds. The fundraising is backed by the worldwide transition towards green energy projects. The demand fo.....
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US Stock Markets End Mixed; Can Indices Hold Onto Weekly Gains?
February 11, 2021 09:38 PM GMT| By Team Kalkine MediaUS stock markets ended Thursday’s session on a mixed note, but investor sentiment remained high with positive encouragement from labour data and expectations of better economic growth in 2021. The S&P 500 edged up by 0.17% to 3916.38. Th.....
How FTSE 100 performed after AstraZeneca quarterly earnings release?
February 11, 2021 08:52 PM GMT| By Kunal SawhneyUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 8.78 points or 0.22 per cent lower at 3,901.10, Dow Jones Industrial Average Index contracted by 139.99 points or 0.45 per cent lower at 31,29...
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Why Did FTSE 100 Turned Flat in Early Afternoon Deals?
February 11, 2021 02:38 PM GMT| By Team Kalkine MediaUK stock markets reversed gains in the early afternoon deals on Thursday, 11 February, with the benchmark FTSE 100 erasing morning upsurge after heavyweight banking shares of HSBC Holdings Plc, NatWest Group, Barclays Plc, and Lloyds Banking Group Pl...
Ruling Against SK Innovation: Will It Impact EV Plans of Major Automakers
February 11, 2021 01:53 PM GMT| By Hina ChowdharyAutomakers such as Ford Motor Co. and Volkswagen might witness disruption in the supply of batteries for their electric vehicles (EV) as the US International Trade Commission banned battery maker SK Innovation Co (KRX: 096770) for stealing tra.....
Tomocredit To Offer Credit Cards to People with Poor or No Credit History
February 11, 2021 01:50 PM GMT| By Kunal SawhneySan Francisco-based start-up TomoCredit is looking to disrupt the market by offering a next-generation credit card to borrowers with no credit history. The credit card start-up is backed by Barclays and KB Investment and will offer credit card to n.....
What does the government blueprint for NHS and social care reform entail?
February 11, 2021 11:35 AM GMT| By Team Kalkine MediaSummary The government has decided to institute various measures that can strengthen the NHS with the help of a community-based support. New requirements about calories labelling on food and drink packages will be introduced with the .....
