World news

Are Energy Stocks Better Alternative to Tech Stocks?

On the weekly chart, NASDAQ 100 Technology Sector Index has broken out of its upward trend line (orange line in the below chart) at 7,560.70 and made...

Qatar Eyes Top Spot With World’s Largest LNG Project

In a major boost to the oil & gas sector, Qatar Petroleum has approved a final investment decision (FID) for an LNG project. The project, entaili...

What drove Twitter’s Q4 Revenue to Record High?

Social media giant Twitter had an outstanding 2020. The company registered a robust increase in its revenue and average monetizable daily active usage...

Why US Markets Ended Flat For Second Straight Day

Major US stock indices ended lower for the second day in a row on Wednesday as investors appeared to have extended their break after some turbocharged...

Heineken To Cut 8,000 Jobs as FY20 Net Profit Slumps Nearly 50%

  Amsterdam-based brewing major Heineken NV (AMS: HEIA) on Wednesday announced to cut at least 8,000 jobs as a part of organisation redesign aft...

Why is SF Holdings Eager to Acquire Kerry Logistics Network?

Chinese multinational delivery services and logistics company SF Holdings Company (SHE: 002352) has recently expressed its intention to buy a controll...

Elon Musk drops hints on the timing of Starlink IPO

Business tycoon Elon Musk had a blockbuster 2020. His company Tesla, the world's leading electric car maker, broke records when it entered S&P 500...

INSIGHTEC’s MR-guided focused ultrasound treatment approved by China...

A global medical technology innovator INSIGHTEC Inc updated the market that the Company has obtained market approval from the National Medical Product...

US Markets End Flat After Early Losses; NASDAQ Gains on Tech, Energy...

S&P 500 and Dow Jones saw several ups and down during the trading session, dragged by the cyclical and utilities sectors, to end flat on Tuesday....

Amazon’s green energy initiative: strikes deal to buy over 380MW of...

Online retail giant Amazon (NASDAQ:AMZN) has progressed further on its commitment to make the Company a net-zero carbon emitter by 2040. The Seattle-h...

Tesla jumps on Bitcoin bandwagon, how is the crypto currency looking...

A big shot in the arm for Bitcoin bulls, the world’s biggest automobile company, by market cap, Tesla has invested USD 1.5 billion in Bitcoin....

SoftBank Q3 Net Profit Swells to $11 Billion On The Back Of Vision F...

Japanese telecom and e-commerce conglomerate SoftBank Group Corp. has recorded one of the best earnings quarters ever. This huge success has been unde...

How global chip shortage is denting auto production plans

The hopes for a speedy recovery in the automotive industry seem to be in jeopardy again. The global automakers were hit hard by the pandemic and had j...

Why US stock indices are trading at record highs

The three major US stock indices closed at record high levels on Monday amid hopes around additional coronavirus stimulus and economic recovery. The i...

Graphcore Calls on UK Regulator to Block Nvidia-Arm Acquisition

  US-based computer systems design services company Nvidia Corporation (NASDAQ: NVDA) has got fresh resistance from Microsoft-backed Graphcore,...

Hyundai, Kia Deny EV Collaboration Reports with Apple

Korean automotive manufacturers Hyundai Motor Company (KRX: 005380) and Kia Motors (KRX: 000270) denied reports of partnership negotiations with techn...

How Nickel Dispute Uncorked a Political Storm in French-ruled New Ca...

The French-controlled island of New Caledonia is going through a political turmoil after its government collapsed after dispute over nickel assets sal...

South Africa suspends Oxford-AstraZeneca vaccine rollout 

South Africa has temporarily suspended the rollout of Oxford-AstraZeneca vaccine after a study claimed that the vaccine provided minimum pro...

Siemens Gamesa grabs a piece of UK’s lucrative wind generation marke...

Belfast-headquartered Scottish Power Renewables (SPR) has shortlisted Spain-based Siemens Gamesa Renewable Energy, S.A. (SGRE) to suppl...

All You Need To Know About Kuaishou That Made a Splash with $5bn IPO

The post-pandemic period would belong to technology. Lending weight to this notion is the recent enormously successful debut of Chinese firm Kuaishou...