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GameStop shares continue haunting short sellers
January 27, 2021 12:52 AM EST| By Hina ChowdharyGameStop shares rose significantly in the after-hours trading in the US on Tuesday. A market frenzy has broken in the US markets yet again, similar to what we saw with Hertz last year. Millennials and social media groups, especially from Reddit, ha.....
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Tech Titans Shine Despite Pandemic, Post Excellent Quarterly Results
January 27, 2021 12:30 AM EST| By Team Kalkine MediaMega tech players including Google's parent company Alphabet, Facebook and Microsoft have been ruling the technology and digital space for years. The pandemic has further deepened reliance on their products/services, with people all around the worl.....
SpaceX Launches Rideshare Mission with Record Number of Satellites
January 26, 2021 10:45 PM EST| By Kunal SawhneyCalifornia-based SpaceX has set a world record for the largest number of satellites launched into space in a single mission. Calling it a “SmallSat Rideshare” mission, SpaceX launched its Falcon 9 rocket on Sunday, after the initial mis.....
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Biden beefs up travel restrictions in wake of new virus strains
January 26, 2021 08:56 PM EST| By Team Kalkine MediaUnited States President Joe Biden is planning to impose a travel ban on most of the non-US citizens entering the country from select places where new virus strains have cropped up. The travel ban is expected to mitigate the spread of the new varian.....
Death of Loon Project, Google’s Bold Internet-For-All Bet
January 26, 2021 12:00 AM EST| By Kunal Sawhneyns for futuristic applications. Alphabet’s Loon balloons have shown how human ingenuity can help solve our complex problems. The project has failed not for the lack of expertise but because of the cost factor. Since its jo...
Merck (NYSE: MRK) terminates Covid-19 vaccine development programme
January 25, 2021 11:26 PM EST| By Kunal SawhneyNew Jersey-headquartered pharmaceutical giant Merck and Co. Inc (NYSE: MRK) said on Monday, 25 January, that it has terminated its Covid-19 (SARS-CoV-2) vaccine development programme. The decision to discontinue the vaccine programme is based on&nb.....
China dethrones US as the highest FDI recipient in 2020
January 25, 2021 02:28 AM EST| 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 24, 2021 10:18 PM EST| 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.....
Iconic Talk Show Host Larry King Dies At 87
January 23, 2021 10:28 AM EST| 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...
Investors Gung-Ho on Electric Vehicle Start-up Rivian
January 23, 2021 08:22 AM EST| 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.....
Prisa (BME: PRS) shares skyrocket 21% as Vivendi (EPA: VIV) agrees to acquire 7.6% stake
January 22, 2021 10:42 AM EST| 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...
EU car sales report worst-ever decline 2020, thanks to the COVID-19 Pandemic
January 22, 2021 09:57 AM EST| 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 09:54 AM EST| 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,.....
Kiwi Chris Liddell withdraws from race to head OECD after landing into controversies
January 21, 2021 03:18 AM EST| By Team Kalkine MediaExpat New Zealander Chris Liddell backed out of the race to head the Organisation for Economic Co-operation and Development (OECD). Lidell, who was a former US President Donald Trump’s nominee, had announced on Tuesday that he was withdrawing h...
Biden signs order for US to rejoin Paris climate accord
January 20, 2021 11:16 PM EST| By Team Kalkine MediaHours after taking oath as the President of the United States on Wednesday, Joe Biden announced that the US will rejoin the Paris climate agreement. In one of his first actions in the White House, Biden signed an executive order that will see the U.....
Trump a no-show as Biden swears in as US president
January 20, 2021 07:53 PM EST| By Kunal SawhneyDemocrat Joe Biden was sworn in as the 46th President of the United States on Wednesday, taking over reins from outgoing President Donald Trump. Biden, 78, is the oldest president in US history. Earlier, Biden had served as Vice President under for.....
GM & Cruise Partner with Microsoft for Self-Driving Vehicles
January 20, 2021 02:48 PM EST| By Team Kalkine MediaGeneral Motors is once again hitting the headlines after it announced a partnership with Microsoft. In a public announcement Tuesday, GMC and Cruise LLC has inked a long-term strategic relationship with Microsoft in order to give a push to the commer...
Alibaba (NYSE:BABA) Stocks Surge As Jack Ma Resurfaces After 3 Months
January 20, 2021 09:43 AM EST| By Team Kalkine MediaChinese business magnate Jack Ma finally reappeared in the public eye on Wednesday, January 19, after months of speculation about him missing since slamming the Chinese government back in October. A clip* of Mr Ma delivering a speech at the online.....
Amazon-backed Deliveroo Valued At $7Bn, Looking At Potential IPO
January 19, 2021 10:12 AM EST| By Kunal SawhneyThere has been a lot of speculation recently over online food delivery company Deliveroo heading for a public listing. The rumors were finally laid to rest on Sunday, January 17, after the London-based company said in its latest corporate update that...
WHO Chief cautions over inequality amid global COVID-19 vaccine rollout
January 18, 2021 10:43 PM EST| By Team Kalkine MediaThe head of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, has blasted the unequal worldwide distribution of COVID-19 vaccine. He stated that it was "not right" that young adults in rich nations were vaccinated ahead of healthcare.....
