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Ford Motor focuses on EVs; says semiconductor chip shortage to hit Q1 production
February 05, 2021 05:10 AM GMT| By Team Kalkine MediaMichigan-headquartered Ford Motor Company announced today that it intends to increase investments in electric vehicles (EVs) and self-driving (or autonomous) vehicles. Earlier, the automaker stated that it would slash shifts at two plants that deve.....
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US to get 3rd COVID-19 vaccine, Johnson & Johnson files Emergency Use Authorization
February 05, 2021 04:08 AM GMT| By Team Kalkine MediaJohnson & Johnson (NYSE:JNJ) updated the market that Janssen Biotech Inc has submitted an application to the US regulator for an Emergency Use Authorization (EUA) of its COVID-19 vaccine candidate. Let us deep dive and discuss in detail: The .....
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Brazil's Vale Agrees To Cough Up $7Bn In Brumadinho Settlement
February 05, 2021 01:53 AM GMT| By Team Kalkine MediaBrazilian iron ore mammoth Vale S.A. has reached a deal with the state of Minas Gerais and prosecutors to settle the claims concerning the Brumadinho disaster. The iron ore major will now address the environmental and social damage resulting from th...
Microsoft All Praise For New Media Laws Amid Australia-Google Row
February 05, 2021 01:17 AM GMT| By Team Kalkine MediaThe Australian government’s ongoing efforts for implementation of new media rules has taken a new turn. The rules proposed by the government are said to support the local businesses amid increasing global competition. With the new rules, the.....
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US stock rally continues; Dow ends up over 330 points
February 04, 2021 09:48 PM GMT| By Team Kalkine MediaThe US stocks rose on Thursday following three straight positive sessions, as the speculative retail trading frenzy faded and robust corporate earnings and economic data remained in focus. Besides, the rise in vaccine roll-outs in the US adds to th.....
FTSE 250 Index Ended Marginally in Green; Gold Price Dipped by over 2%
February 04, 2021 08:36 PM GMT| By Kunal SawhneyUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 21.71 points or 0.57 per cent higher at 3,851.88, Dow Jones Industrial Average Index expanded by 251.49 points or 0.82 per cent higher at 30...
In A First, UK Launches Covid-19 Alternating Vaccine Study
February 04, 2021 05:35 PM GMT| By Kunal SawhneyThe United Kingdom launched the world’s first alternating Covid-19 vaccine dose study on Thursday under which the feasibility of different vaccine shots will be examined. Under the schema of study, individuals will be administ.....
Revelation Biosciences finishes dosing for five single dose cohorts
February 04, 2021 01:17 PM GMT| By Hina ChowdharyClinical stage life sciences company Revelation Biosciences Inc. announced on 3 February that it has been conceded approval to make an addition of a multiple dose cohort to its Phase-1 clinical study of REVTx‑99 in healthy volunteers by t...
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FTSE 100 Likely to Open A Tad Higher Ahead of BoE Policy Meeting
February 04, 2021 08:19 AM GMT| By Team Kalkine MediaUK stock markets are likely to open slightly higher on Thursday, 4 February, as domestic vaccine optimism outweighs the fallout of global equities. Japan’s Nikkei 225 concluded the day with a drop of little more than 1 per cent, China’s S...
Bank of England to update the market about the negative rates today
February 04, 2021 08:14 AM GMT| By Team Kalkine MediaWhile the Monetary Policy Committee of Bank of England (BoE) is expected to leave the bank rate unchanged in its latest announcement on Thursday, it is expected to provide an update on its negative rate project. This is the first time th.....
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Fitch Ratings dominates The Asset’s Rating Agency Awards 2020, wins five honours
February 04, 2021 07:24 AM GMT| By Hina ChowdharyFitch Ratings Inc. dominated ‘The Asset Triple A Rating Agency of the Year Awards 2020’ by winning five awards. The credit rating agency won in the categories including Corporate, ESG, Public Finance and Sovereign Rating Agency of the Y.....
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Apple to reportedly invest USD 3.6B in Kia for EVs production
February 04, 2021 06:19 AM GMT| By Hina ChowdharyThere has always been speculation around Apple Inc (NASDAQ: AAPL) entering the growing EV market, though the iPhone maker never officially commented on it. Media is abuzz with reports of an imminent Apple-Kia Motors deal worth 3.6 billion.....
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BNPL stocks react after the UK proposed regulatory changes
February 04, 2021 04:55 AM GMT| By Team Kalkine MediaThe unsecured credit market has been expanding with each passing year. The growing need for credit has risen for the diverse range of goods, demanded by consumers. The popularity of digital lending in the recent past has further expanded the credit.....
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PayPal caps off 2020 in style with record numbers
February 04, 2021 04:03 AM GMT| By Team Kalkine MediaBuoyed PayPal Holdings Inc. (NASDAQ:PYPL) today unveiled an excellent set of numbers to present the fourth-quarter and full-year 2020 results. Riding high on the consumers’ shift towards online payments amid the pandemic, the fintech giant cl.....
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GameStop’s shares closed higher as company makes new leadership appointments
February 04, 2021 03:30 AM GMT| By Team Kalkine MediaGameStop shares have lost significant value after smashing through the roof last week. On Wednesday, the meme stock closed 2.68% higher at $92.41, but GME shares were nearly 4% lower in the after-hours trading. Copyright © 2021 Kalkin.....
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What you need to know about Andy Jassy, Amazon’s Next CEO
February 04, 2021 02:46 AM GMT| By Team Kalkine MediaAmerican multinational technology company Amazon is undergoing a major transformation, as Founder Jeff Bezos is all set to step down as the CEO after starting his journey some 27 years ago. Bezos, who went on to become the world’s richest man.....
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Wall Street rally continues on strong corporate earnings
February 03, 2021 09:58 PM GMT| By Kunal SawhneyThe major Wall Street equity indices extended their rally to the third consecutive day on Wednesday on strong corporate earnings and better-than-expected hiring data. Shares of Google’s parent Alphabet closed up 7.28 per cent after the compan.....
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FTSE AIM Index Surged by 0.84%; Shares of Vodafone Group Expanded by 5.87%
February 03, 2021 09:28 PM GMT| By Kunal SawhneyUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 13.61 points or 0.36 per cent higher at 3,839.92, Dow Jones Industrial Average Index surged by 9.13 points or 0.03 per cent higher at 30,696...
Spacex‘S Starship Explodes During Second Test Flight Landing, FAA To Launch Probe
February 03, 2021 04:26 PM GMT| By Kunal SawhneyElon Musk’s private space company SpaceX’s next-generation Starship rocket -- Starship prototype Serial Number 9 (SN9) -- though launched successfully on 2 February, exploded while attempting to land after a development test fli.....
Global tech tax: EU officials join US counterparts for early rollout
February 03, 2021 01:03 PM GMT| By Kunal SawhneyA global tech tax is in the works, which means tech giants around the world will be hit with higher taxes, after the European Union officials had a detailed discussion with US treasury secretary Janet Yellen and German Finance Minister Olaf Scholz .....
