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World news
Why are athletes complaining at Beijing Olympics 2022?
February 09, 2022 02:12 PM AEDT| By Toshiva JainThe Winter Olympics are supposed to celebrate happy evenings that lay a path for the most exciting winter sports. The 2022 Winter Olympics is organised in Beijing, China. The sports event began on January 4 and will go on till 20 January. However, .....
Amazon hikes base salary for its employees to $350,000
February 08, 2022 08:51 PM AEDT| By Priyanka PayalHighlights Amazon Inc. announces its decision to more than double the maximum base salary it pays to its employees to US$350,000. In its fourth-quarter results announced last week, Amazon revealed that its net sales increased 9% to US$137.....
Meta (FB) builds shield after avatars ‘harass’ proxies in metaverse
February 08, 2022 10:09 AM AEDT| By Team Kalkine MediaHighlights Some users have faced harassment on Meta’s Horizon network, its virtual reality platform. The protective function will be turned on by default. Meta Platforms had opened its virtual reality platform to the public in North Am.....
Frontier Group (ULCC) to acquire Spirit Airlines for US$6.6 billion
February 08, 2022 06:35 AM AEDT| By Rupam RoyThe Colorado-based airline holding company, Frontier Group Holdings, Inc (NASDAQ: ULCC), is acquiring its rival Spirit Airlines Inc. (NYSE: SAVE) for US$6.6 billion in a cash-and-stock deal. The purchase is expected to help Frontier compete with l.....
Ørsted Appoints the Next Group CFO
February 08, 2022 12:05 AM AEDT| By 3BLToday, Ørsted’s Board of Directors appointed Daniel Lerup as the next Group Chief Financial Officer (CFO) and member of Ørsted’s Executive Committee as of 8 April 2022. Daniel Lerup is cur...
Can Fed rate hikes impact emerging markets?
February 06, 2022 12:52 AM AEDT| By AshishHighlights Kristalina Georgieva, managing director of the IMF, recently said interest rate hikes by the Fed could have an impact on global recovery. She feared that escalated interest rates in the US could make repayment costlier for econom.....
Volvo, Northvolt to build US$3.3-bn battery gigafactory in Sweden
February 05, 2022 11:27 AM AEDT| By Rupam RoyHighlights The plant’s construction, which includes an R&D center, will begin next year. The batteries for Volvo and Polestar models are expected to start in 2025. The new facility would create 50-gigawatt-hour (GWh) of battery c.....
Is Meta Platforms’ (FB) US$250-bn loss biggest wipeout in US history?
February 05, 2022 06:58 AM AEDT| By Versha JainHighlights Meta Platforms, Inc. (FB) lost around US$250 billion in market value in a single day. The Dow Jones US Technology Total Stock Market Index’s total YTD decline widened to 10.97% after the stock rout. Meta&.....
Snap Inc (NYSE: SNAP) nixes iPhone privacy fears - answer to Meta woes?
February 05, 2022 03:58 AM AEDT| By Rupam RoyHighlights Snap Inc forecasts revenue of US$1.03 billion to US$1.08 billion in Q1, FY22. It expects daily active users to be in the range of 328 million to 330 million. The company reported its first positive net income since its IPO in March .....
Amazon (AMZN) rides Rivian stake to US$14.3-bn profit, raises membership fees
February 04, 2022 11:38 AM AEDT| By Sanjeeb BaruahAmazon.com Inc (AMZN) on Thursday posted a fourth-quarter profit of US$14.3 billion, boosted by a pre-tax gain from its stake in electric vehicle maker Rivian Automotive. The stock rose as much as 15% in the after-market hours after dipping nearly.....
World's Largest Asset Management Firm Sees Opportunity in Stakeholder Capitalism & Sustainability
February 04, 2022 04:30 AM AEDT| By 3BL“I believe the de-carbonization of the global economy is going to create the greatest investment opportunity of our lifetime.” This bold prediction is part of the annual letter sent to CEO...
World's Largest Asset Management Firm Sees Opportunity in Stakeholder Capitalism & Sustainability
February 04, 2022 04:30 AM AEDT| By 3BL“I believe the de-carbonization of the global economy is going to create the greatest investment opportunity of our lifetime.” This bold prediction is part of the annual letter sent to CEO...
Jeff Bezos gets Dutch bridge dismantled to make way for his yacht
February 04, 2022 01:12 AM AEDT| By Sanjeeb BaruahAmazon.com, Inc (AMZN) founder Jeff Bezos is bearing the cost of taking apart a historic Dutch bridge so his US$485-million superyacht can pass, it was revealed this week. Rotterdam officials agreed to dismantle the steel Koningshaven bridge that .....
Captain Cook’s Endeavour discovery sparks controversy
February 03, 2022 09:29 PM AEDT| By Sukriti NairHighlights Australian National Maritime Museum claims the discovery of Captain Cook's Endeavour. Endeavour's discovery sparks a row among Australian and US researchers. The principal investigator believes emotions or politics should not drive .....
Andrew “Twiggy” Forrest takes legal action against Facebook, here’s why
February 03, 2022 09:03 PM AEDT| By RitwikaHighlights Facebook fails to take down fake and misleading cryptocurrency advertisements featuring Andrew Forrest from its platform. Forrest takes a stand for all general Australian citizens from falling prey to such scams. The case will be he.....
Canva buys UK-based Flourish to expand business
February 03, 2022 02:31 PM AEDT| By Sukriti NairHighlights Software firm Canva buys Flourish, a data visualisation software company in London. Canva to continue scaling the Flourish platform while integrating its visualisation tech. Canva is aiming to double its expansion in UK. Design.....
Queensland swelters under heatwave; power cut in over 23,000 homes
February 02, 2022 06:49 PM AEDT| By Priyanka PayalScorching heat and tropical humidity have taken a toll on Australian citizens, especially in Queensland. The gap between energy demand and supply has amplified the situation even further. Residents in Queensland have been asked to limit thei.....
Can McDonald's (MCD) influence food companies to enter metaverse?
February 02, 2022 01:27 AM AEDT| By Rupam RoyFast-food chain McDonald's Corporation is celebrating the Chinese Lunar New Year with a specially created Metaverse-themed VR exhibition inspired by Zodiac signs. McDonald's on Tuesday greeted the citizens with a metaverse-themed exhibition as the.....
ACCC refers Rapid Antigen Test scammers to the police
February 01, 2022 08:52 PM AEDT| By Priyanka PayalHighlights ACCC takes steps to control illegal pricing and selling of rapid antigen tests (RAT’s) in Australia. The competition regulator has sought an explanation from more than 50 test suppliers, including major retailers and phar.....
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Global inflation pressures may ease in next 12-18 months, says OECD
February 01, 2022 08:33 PM AEDT| By Team Kalkine MediaHighlights Global inflation pressures would ease over the next 12 to 18 months, as per the OECD. The OECD sees rebalancing of the global demand and supply equation. Global economy has recovered well after being hit badly by COVID-19 pandemic. .....
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