World news

Snap Inc (NYSE: SNAP) nixes iPhone privacy fears - answer to Meta woes?

February 05, 2022 03:58 AM AEDT| By Rupam Roy

Highlights 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 Baruah

Amazon.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 Baruah

Amazon.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 .....

Investors jittery after PayPal’s (PYPL) dim forecast, eBay deals reduce

February 03, 2022 04:18 AM AEDT| By Rupam Roy

Highlights PayPal’s total payment volume increased by 23% YoY in the fourth quarter of FY21. The revenue climbed 13% YoY in the same period. But it provided weak guidance for the first quarter of fiscal 2022. Payment processing comp.....

Microsoft's US$68.7 billion mega-deal for Activision under cloud?

February 02, 2022 08:48 AM AEDT| By Sanjeeb Baruah

The Federal Trade Commission (FTC) is expected to open an antitrust probe into Microsoft Corporation’s US$68.7 billion mega-deal to acquire gaming company Activision Blizzard Inc (ATVI), media reports said. According to a person familiar wit.....

Can McDonald's (MCD) influence food companies to enter metaverse?

February 02, 2022 01:27 AM AEDT| By Rupam Roy

Fast-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.....

Global inflation pressures may ease in next 12-18 months, says OECD

February 01, 2022 08:33 PM AEDT| By Team Kalkine Media

Highlights 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. .....

Now Sony to acquire gaming company Bungie for US$3.6 billion

February 01, 2022 09:44 AM AEDT| By Rupam Roy

Sony Interactive Entertainment, a subsidiary of Sony Group Corporation, plans to purchase the privately-held gaming company Bungie for US$3.6 billion. Bungie had spun off from Microsoft in 2007. The software giant had acquired Bungie in 2000. The .....

Is taking salary in bitcoin becoming a new trend?

February 01, 2022 03:05 AM AEDT| By Farzan Moharkan

Highlights Many politicians and celebs recently announced their plan to take salaries in bitcoin and other cryptocurrencies. Belgian lawmaker Christophe De Beukelaer said he would be the first in Europe to take salary in bitcoin. Last year, in.....

Everything you need to know about Winter Olympics 2022

January 31, 2022 08:29 PM AEDT| By Toshiva Jain

The Winter Olympics 2022 is set to take place in Beijing this year. The sports gala begins on February 4 and will end on February 20. As the date of the long-awaited winter sports matches comes closer, there is a list of questions the world citizen.....

SEC gives nod to new US stock exchange with blockchain feed

January 29, 2022 12:00 PM AEDT| By Sanjeeb Baruah

Highlights BSTX would initially allow securities trading, such as stocks and ETFs, which are first listed on the exchange but tradable on rival bourses. BSTX will finally evolve into a crypto exchange like Coinbase, different from Nasdaq or NYS.....

Clermont Partners and Workiva Offer Companies ESG Strategy Development and Reporting

January 29, 2022 02:00 AM AEDT| By 3BL

CHICAGO, January 28, 2022 /3BL Media/ - Clermont Partners (“Clermont”), a leading environmental, social, and governance (ESG) strategy and communications firm, today announced it has partn...

Omicron won’t be the last, next variant will be more virulent: WHO

January 29, 2022 01:14 AM AEDT| By Sanjeeb Baruah

The World Health Organization (WHO) has warned that more coronavirus variants lay in wait, stressing the importance of following covid guidelines, including social distancing and wearing masks. In a Q&A session, WHO’s technical head Mari.....

Why are businesses moving out of Myanmar?

January 29, 2022 01:10 AM AEDT| By Toshiva Jain

Since February 2021, a lot has been happening in Myanmar. As the world collectively fights the Covid-19 pandemic, this third world country has another life-threatening war going on. Last year, in February, the military took over the country in its .....