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TikTok rival Kuaishou Launches IPO in Hong Kong
January 25, 2021 07:33 AM GMT| By Team Kalkine MediaSummary Kuaishou Technology, which specialises in video editing and live-streaming software, is seeking a stock market floatation worth $5.4 billion through an IPO. The tech company is eyeing a market capitalisation of around $60.9 billion. Bi.....
China dethrones US as the highest FDI recipient in 2020
January 25, 2021 07:28 AM GMT| By Team Kalkine MediaAccording to an UNCTAD report released in January 2021, China was able to secure Foreign Direct Investment worth US$163 billion in the previous year, surpassing the FDI inflow received by the US worth US$134 billion. The UN published its Investment.....
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Fire at serum institute, will this impact vaccine rollout?
January 25, 2021 03:18 AM GMT| By Hina ChowdharyOn 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 Western India. The Serum Institute of India's (SII) plant in Pune region caught fire. The S.....
What Does CBI’s Call of More Help for Virus-Hit Companies Mean?
January 24, 2021 03:48 AM GMT| By Kunal SawhneyUK business organisation Confederation of British Industry (CBI), consisting of nearly 190,000 businesses, fears that several thousands of small businesses could collapse and rupture the domestic economy because of uncertainties due to pandemic. Th.....
Iconic Talk Show Host Larry King Dies At 87
January 23, 2021 03:28 PM GMT| By Team Kalkine MediaLarry King, the iconic American talk show host and journalist, who charmed millions with his TV and radio programs, breathed his last on January 23, 2021. He was 87. Mr King passed away at Cedar-Sinai Medical Center in Los Angeles, US, said a statem...
Ether At All-time High; Outperforming Bitcoin, Things You Should Know!
January 23, 2021 01:24 PM GMT| By Kunal SawhneyEthereum or Ether, the world’s second largest cryptocurrency has climbed an all-time high of USD 1,429.00. The cryptocurrency is a major token that empowers the ethereum blockchain network, on which a majority of DeFi-based applications are bei...
Investors Gung-Ho on Electric Vehicle Start-up Rivian
January 23, 2021 01:22 PM GMT| By Hina ChowdharyThe electric vehicle space has been revving up lately, on account of growing support from consumer, industry, and government for the transition to clean fuel vehicles. With technological advancements and rollout of new models, the future looks brig.....
Have Sunak’s policies been well-targeted?
January 23, 2021 12:58 PM GMT| By Team Kalkine MediaThere is no denying that Rishi Sunak has been the most popular chancellor of the exchequer in the United Kingdom in the last many decades, primarily because of his big spending decisions. But we need to go back a bit in time to see if his p...
Clearance of New UK Coal Mine Leads to Controversy Within the Government
January 23, 2021 11:13 AM GMT| By Kunal SawhneyA serious debate has erupted over the plans to open a new coal mine in the UK, which will be the first deep coal mine in 30 years. The Cumbria County Council had given a go-ahead to Woodhouse mine earlier this month. The MPs warned that the UK&rsqu.....
Doctors suggest pruning the gap between two Pfizer vaccine doses
January 23, 2021 11:10 AM GMT| By Team Kalkine MediaSummary The UK government is presently administering two doses in a gap of 12 weeks apart so that more people can be vaccinated. The British Medical Association has suggested to cut this gap to six weeks. BMA intervention highli.....
UK government borrowings record their highest level in December
January 23, 2021 08:27 AM GMT| By Team Kalkine MediaThe latest figures posted by the Office for National Statistics reveal that the public sector net borrowing has hit a new record of £34.1 billion in December 2020. The monthly borrowing level is the highest for the month and third highest in any m...
British and US Equities Traded Lower; Shares of Treatt Expanded by 24.42%
January 22, 2021 05:10 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 12.20 points or 0.32 per cent lower at 3,840.87, Dow Jones Industrial Average Index contracted by 176.61 points or 0.57 per cent lower at 30,9...
Prisa (BME: PRS) shares skyrocket 21% as Vivendi (EPA: VIV) agrees to acquire 7.6% stake
January 22, 2021 03:42 PM GMT| By Hina ChowdharyShares of Madrid-headquartered media conglomerate Prisa, Promotora de Informaciones, SA, (BME: PRS), skyrocketed more than 21 per cent, on Friday, after the Paris-based media giant Vivendi (EPA: VIV) agreed to acquire 7.6 per...
UK Retail Sales Surge in December, But Hit Record Low in 2020
January 22, 2021 03:39 PM GMT| By Kunal SawhneyThe latest data published by the Office for National Statistics (ONS) revealed that the retail sales in the UK slightly increased for December, though it was still below the expected levels in the Christmas period. The survey conducted between 29 .....
Is it time for Australian traditional financial institutions to embrace cryptocurrencies?
January 23, 2021 02:05 AM AEDT| By Team Kalkine MediaIn Australia, cryptocurrency adoption is rising as more and more people are getting aware of the trending virtual currency. According to a recent survey carried by Independent Reserve, and the Australian crypto exchange, 18.4 per cent of Australian.....
EU car sales report worst-ever decline 2020, thanks to the COVID-19 Pandemic
January 22, 2021 02:57 PM GMT| By Hina ChowdharyDespite moving into the new year, the pandemic-related challenges continue to affect the world economy with no quick-fix in sight at the moment. 2020 was a defining year in many ways due to the significant challenges faced by societies and busines.....
How will Biden's Presidency impact the US energy industry?
January 22, 2021 02:54 PM GMT| By Kunal SawhneyShutterstock Image Joe Biden sworn in as the 46th U.S. president on Wednesday evening, just seven days after Donald Trump's allies declined to acknowledge the then incumbent President's defeat. On the very first day after taking the charge,.....
Volatile Bitcoin Plunges 11%, Ethereum Reclaims US$-1200 Mark
January 23, 2021 01:51 AM AEDT| By Hina ChowdharyBitcoin continued displaying volatility, dipping by 10.8 per cent on Friday morning. The virtual token plunged to US$ 28,845.31, after opening at US$ 32340.44*. The fall came over increased regulation concerns on cryptocurrencies. This also reflec.....
UK blocks arrivals from Tanzania as it fights the South African variant
January 22, 2021 12:19 PM GMT| By Kunal SawhneySummary The UK government on Friday has announced a ban on arrivals from two African nations -- Tanzania and the Democratic Republic of Congo. The UK nationals and those who have residency rights will be exempted from this new rule. P.....
Bitcoin goes haywire, tumbles over 30% from all-time high of $42,000
January 22, 2021 10:24 AM GMT| By Kunal SawhneyIt seems the trading in cryptocurrency market will remain uncertain unless and until it comes under a regulatory body or the crypto assets being exchanged on the platform are modulated by a government-controlled entity. Bitcoin, the most .....
