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Fintech player SumUp raises capital worth €750m to fund global expansion
March 18, 2021 05:07 AM EDT| By Team Kalkine MediaSource: Olena Yakobchuk, Shutterstock Summary London-based SumUp has raised a debt of €750 million from existing and new investors. Goldman Sachs, Bain Capital, Temasek and Crestline were the primary investors along with funds managed by...
NHTSA To Investigate Another Tesla Crash Involving Autopilot
March 18, 2021 04:02 AM EDT| By Suhita PoddarSource: TierneyMJ, Shutterstock Summary The US National Highway Traffic Safety Administration has formed a special crash investigation team to investigate a crash involving Tesla’s Model Y. The car was running on Autopilot in Michigan an...
US Banks’ Increasing Exposure To Chinese Market
March 17, 2021 11:58 PM EDT| By Mark O'DonnellSource: Mike Flippo ,Shutterstock Summary The Chinese Market is increasingly alluring the world biggest banks. The US and European banks are increasing their exposure to the world’s second-biggest economy. While the Chinese market i...
Carbon Neutral Goal Setting By Multinational Brands
March 17, 2021 10:20 PM EDT| By Mark O'DonnellSource: PH.MarkoStanojevic ,Shutterstock Several big multinational brands have announced plans to transform their businesses and go carbon neutral. Big brands are beginning to recognise their environmental responsibility and plan to cater to co...
How oil trader Vitol cashed in on 2020 oil glut to score record profit
March 17, 2021 10:15 PM EDT| By Team Kalkine MediaSource: Oil and Gas Photographer, Shutterstock Summary Commodity trading behemoth Vitol has registered a record profit in 2020. Most of the oil traders booked huge profits in the second half of 2020, capitalising on the market volatility...
Luxury Retail Stocks Paying Off In 2021
March 17, 2021 08:54 PM EDT| By Mark O'DonnellSource: Mihai_Andritoiu, Shutterstock Summary Luxury retailers have performed surprisingly well over the past year and a half, attracting customers and investors. LVMH has a wide range of products and customer base to weather downturns in...
US Markets End Higher After Fed Statement, Stocks Trim Losses
March 17, 2021 05:40 PM EDT| By Team Kalkine Mediacan Airlines Group secures $10 billion loan to pay-off its government debts. US stocks edged higher on Wednesday after the Federal Reserve highlighted the growth momentum in the economy and kept the interest rates steady, and tech, consumer cycl...
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Australia sends 8000 vaccines to PNG, requests AstraZeneca to send 1 million more jabs
March 17, 2021 06:05 AM EDT| By Team Kalkine MediaSource: insta_photos, Shutterstock Summary: Australia has requested AstraZeneca to send one million doses of vaccine to PNG. It will also provide masks, sanitiser, ventilators, gowns, and other essentials. The island has 2,351 confirmed cases,...
Electric Revolution For European Automakers In The Next Decade
March 16, 2021 08:55 PM EDT| By Mark O'DonnellSource: temp-64GTX, Shutterstock Summary Public and investor sentiment indicates that EVs would be the future of private transport. Government regulations coming into force worldwide is helping to accelerate the adoption of EVs and forcin...
US Stocks End Mixed Ahead Of Key Fed Meeting
March 16, 2021 05:57 PM EDT| By Team Kalkine MediaSource:Chaiyapak Mankannan, Shutterstock Summary S&P 500 dropped 0.16%, Dow Jones ticked down 0.39%, and NASDAQ gained 0.09%. Technology, utilities, and real estate stocks edged higher amid a lacklustre session. Nokia to layoff at least 1...
China tightens the noose on Alibaba, tells it to divest media assets
March 16, 2021 01:10 AM EDT| By Aayushh. These stakes are viewed unfavourably by the Chinese Communist Party. The Chinese government has ordered Alibaba Group Holdings to sell its media assets as officials were concerned about the technology giant's hold over public opinion in the...
COVID-19: How Well Have The Vaccine Makers Performed?
March 16, 2021 01:05 AM EDT| By Mark O'DonnellSource:Dimitris Barletis ,Shutterstock There are currently four major vaccines rolling out around the world. Some of these vaccines have been developed by companies that are listed on exchanges. The amount of business these companies are doing right...
More EU nations suspend AstraZaneca’s vaccine amid growing blot clot concerns
March 15, 2021 11:13 PM EDT| By Team Kalkine MediaSource arda ,Shutterstock Summary Major EU nations, including France, Germany, and Italy, have stopped the rollout of Oxford-AstraZeneca’s COVID-19 jab amid blot clot concerns. Meanwhile, the WHO and EU medicine regulator emphasised...
Food Delivery: Which Company Is Winning The War?
March 15, 2021 08:59 PM EDT| By Mark O'Donnella wide margin but has not made any inroads in markets outside its home country. Food delivery services have hit their stride over the past few years. In 2020, the lockdowns enacted around the globe in response to the pandemic have been a signif....
US Stocks Edge Higher After Utilities, Consumer Cyclicals Rally
March 15, 2021 05:37 PM EDT| By Team Kalkine MediaSource: Vintage Tone, Shutterstock Summary S&P 500 rose 0.65%, Dow Jones was up 0.53%, and NASDAQ gained 1.05%. France, Italy, and Germany halt AstraZeneca shots after blood-clog reports in patients. Stripe becomes Silicon Valley&rsq...
How is US Dollar index faring today?
March 15, 2021 05:17 AM EDT| By Team Kalkine MediaSource: Mehmet Doruk Tasci, Shutterstock Summary Friday saw the US dollar index riding higher on the back of surging yields and improved economic conditions in the US. The AUD/USD pair fell 0.4% on Friday while the June US Dollar index futures...
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EU faces AstraZeneca’s COVID-19 vaccine shortage amid manufacturing concerns
March 14, 2021 11:52 PM EDT| By Team Kalkine MediaSource: OrelPhoto, Shutterstock Summary EU is confronting a shortage of AstraZeneca’s vaccine in its COVID-19 vaccination program. AstraZeneca has raised some manufacturing and export concerns that could decrease vaccine deliveries. Som...
5 Cheap Renewable Energy Stocks To Keep An Eye On In 2021
March 14, 2021 10:00 PM EDT| By Mark O'DonnellSource: Eviart, Shutterstock Summary Renewable energy stocks are highly desirable in the current climate. Although, some stocks can still be picked up at cheap price. The increase in renewable energy projects bodes well for the industry, .....
E-commerce boom fuelling a train of IPOs with Coupang's blockbuster debut
March 14, 2021 08:55 PM EDT| By Team Kalkine MediaSource:Tashatuvango ,Shutterstock Summary The pandemic-induced boom in the e-commerce industry has opened new opportunities for the players. E-commerce companies like Coupang have made successful debut on the stock exchanges. Many other playe...
Clamour Grows Against Big Tech Cos Like Facebook Over Monopoly Tactics
March 14, 2021 12:12 AM EST| By Team Kalkine MediaSource: Chinnapong, Shutterstock Summary Facebook resorted to acquiring rival firms to eliminate competition, officials contend. Lawmakers seek bipartisan support for giving more teeth to antitrust law. Facebook says SC precedent does not req...
