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Top Players Across the Globe Riding Gaming Boom
December 11, 2020 04:33 PM GMT| By Hina ChowdharyThe gaming market has been on a lively run in 2020. As the pandemic forced people to stay put at their homes, gaming emerged as an alternative to many activities which require close contact. Also, the gaming industry has evolved significantl.....
Top Global Asset Managers Pledge to Drive Down Carbon Emission Across Their Portfolios By 2050
December 11, 2020 04:01 PM GMT| By Team Kalkine MediaSummary Top assets managers controlling $9 trillion in assets have signed a pledge to do more to implement net zero carbon emission across their businesses. Under the initiative, individual asset managers will set interim targets for their port.....
US, EU Planning Sanctions on Turkey for Buying Russian S-400 Air Defence Systems
December 11, 2020 03:33 PM GMT| By Hina ChowdharyThe US and EU are planning to inflict pressure on Turkey. While the US wants to put sanctions for buying S-400 missiles or air defence systems from Russia in 2019, the EU, on the other hand, is targeting Turkey for its involvement in energy explora.....
Anglesey Mining Plc (LON: AYM) reported reduction in loss for H1 FY 20
December 11, 2020 01:02 PM GMT| By Team Kalkine MediaAnglesey Mining Plc (LON: AYM) has released its Half yearly report for the six months to 30 September 2020. For the reported period, the group had no revenue, though the loss for the six months to 30 September 2020 lowered to £152,882...
Rolls-Royce Holdings Plc (LON: RR.) on track to deliver £1.3 billion cost savings by 2022
December 11, 2020 01:01 PM GMT| By Team Kalkine MediaRolls-Royce Holdings Plc (LON: RR.) has released its trading updates for 11 months to end November. The company has stated that its restructuring plans are going as planned to deliver the company’s targeted £1.3 billion c...
eEnergy Group Plc (LON: EAAS) to acquire Beond Group
December 11, 2020 01:01 PM GMT| By Team Kalkine MediaeEnergy Group Plc (LON: EAAS) has conditionally agreed to acquire the whole issued and to be issued capital of a renewable energy consulting and procurement business, Beond Group Limited. The company to be acquired is a top 20 rene...
JLR closes its Castle Bromwich factory for the shortage of materials
December 11, 2020 01:00 PM GMT| By Team Kalkine MediaJaguar Land Rover (JLR) has closed the production in the Castle Bromwich factory owing to unavailability of key materials due to Covid-19 crisis. Earlier this week, JLR, which is owned by Indian conglomerate Tata Group, stopped the productio...
Britishvolt selects Blyth for the vehicle battery plant
December 11, 2020 12:59 PM GMT| By Team Kalkine MediaCar battery startup Britishvolt has picked up a site in north England for the £2.6 billion battery plant, which would start production in 2023. The plant in the port of Blyth would be built in three stages and would employ 3,000 peop...
BDO not to pay back £4.5 million in furlough money
December 11, 2020 12:56 PM GMT| By Team Kalkine MediaUK’s leading accountancy firm BDO has said it would not repay £4.5 million of furlough money, which it had received from the government. The company has paid its partners a whopping amount of £137 million, an average of £51...
How Walt Disney is expanding its direct-to-customer streaming
December 11, 2020 12:24 PM GMT| By Kunal SawhneySummary At the latest Investor Day presentation, Walt Disney Company has said that it has more than 137 million paid subscribers in its direct-to-customer service offering The company now plans to raise its subscriber base to 300 to 500 million.....
Hyundai Motor to Acquire a Majority Stake in Robotic Firm Boston Dynamics
December 11, 2020 10:57 AM GMT| By Hina ChowdharySouth Korean carmaker Hyundai Motor Group and its chairman Euisun Chung are set to acquire an 80 per cent stake in US-based robotic design manufacturer Boston Dynamics, owned by Japanese conglomerate SoftBank, for about $736-$828 million. The deal.....
Money doubled! Airbnb (NASDAQ: ABNB) skyrockets on market debut
December 11, 2020 09:33 AM GMT| By Team Kalkine MediaAirbnb Inc (NASDAQ: ABNB) has entered the capital markets with a bang as the shares of the San Francisco-headquartered online home-sharing platform rallied over 100 per cent upon the stock market debut on Thursday. Airbnb has successfully raised a .....
What is GoFundMe and how does it work?
December 11, 2020 09:02 AM GMT| By Edita Ivanceviconey is required. Raising money for any occasion is possible on GoFundMe, an online platform where anyone can start a campaign to crowdsource money from strangers. GoFundMe is famous for raising thousands of dollars for those experiencing diffi...
Pfizer’s COVID-19 vaccine receives a go-ahead sign from FDA Expert Panel
December 11, 2020 05:40 AM GMT| By Team Kalkine MediaIn a significant recent development, the Pfizer-BioNTech coronavirus vaccine gets FDA officials panel's nod for the Emergency Use Authorization (EUA) of the vaccine. The Vaccines and Related Biological Products Advisory Committee (VRBPAC) has endor.....
Airbnb IPO debuts with a bang, share price doubles
December 11, 2020 03:28 AM GMT| By Team Kalkine MediaIt was a smashing debut for the much-awaited Airbnb IPO. On the first day of its listing, the stock price got more than doubled. The overwhelming response the share received on debut gave the impression that it was an end to Airbnb’s difficul.....
Disney nails another milestone as subscribers soar in number
December 11, 2020 03:26 AM GMT| By Kunal SawhneyEntertainment giant The Walt Disney Company (NYSE:DIS) is only one year old in the online streaming service business, but the company seems to have left no stone unturned to achieve success. On Thursday 10 December 2020, Disney revealed details of .....
India’s Ambanis top the list of the richest families in Asia
December 11, 2020 03:01 AM GMT| By Edita Ivancevicg US$76 billion, following with the Kwok, Chearavanont, Hartono, and Lee families. Bloomberg posted the list of the wealthiest families in Asia in early November, where India’s Mukesh Ambani has retained his No. 1 position of September lis...
Energy and Basic Materials Shares Lifted FTSE 100 by 0.54%; Frasers Group Stock Zoomed by 12.94%
December 10, 2020 05:34 PM GMT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 0.19 points or 0.01 per cent higher at 3,673.01, Dow Jones Industrial Average Index declined by 60.79 points or 0.20 per cent lower a...
How significant is the Singapore Trade Deal for the UK?
December 10, 2020 02:38 PM GMT| By Team Kalkine MediaThe UK has signed a free-trade agreement (FTA) with Singapore, paving its way into the Asian market. Liz Truss, the International Trade Secretary of the UK, was in Singapore today, December 10, to strike an FTA deal that would amount to mut.....
How Bitbond and BVDH launched Euro stablecoin
December 11, 2020 12:57 AM AEDT| By Kunal SawhneyOne of the oldest Germany’s banks Bankhaus von der Heydt and blockchain technology provider Bitbond have successfully launched the first-ever Euro stablecoin, which is now available for trading. On 9 December, the BVDH launched Euro stablecoi.....
