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World news
RedBird to buy Italian soccer club AC Milan in US$1.3 bn deal
June 02, 2022 03:32 AM AEST| By Mridul GogoiHighlights: US investment firm RedBird Capital Partners to own Italian soccer champions AC Milan in a US$1.3 billion deal. RedBird Capital Partners is likely to close the deal in September this year. Current owner, Elliott Management will als.....
Biden admin to infuse US$2.1 bn to bolster US food supplies
June 02, 2022 03:17 AM AEST| By Mridul GogoiThe Biden administration will announce more than US$2.1 billion on Wednesday to bolster the country's crumbling food supply system. The Covid-19 pandemic and the Russian invasion of Ukraine have badly hit the food supply and needed an urgent shot i.....
Oil surges to two-month high as China relaxes Covid lockdowns
June 01, 2022 12:20 AM AEST| By Mridul GogoiOil prices increased to their highest level in two months on Monday after China announced an easing of Covid-19 lockdowns. China’s main financial hub Shanghai has been under strict Covid-19 lockdowns for weeks. Shanghai Vice Mayor Wu Qing an.....
Memorial Day sales: Offsetting soaring prices in an inflationary market
May 31, 2022 03:17 AM AEST| By Mridul GogoiHighlights: Memorial Day is celebrated to pay tribute to the martyred soldiers. Memorial Day weekend is also one of the biggest shopping holidays of the year. Memorial Day is also called Decoration Day. Memorial Day weekend kicks off .....
Who were the highest-paid male CEOs in US in 2021?
May 28, 2022 06:46 AM AEST| By Mridul GogoiA survey conducted by AP that covered 340 executives at the S&P 500 companies, unveiled that CEO salaries rose to a median of US$14.5 million in 2021. The surveyed executives have at least served two full consecutive years at their organization.....
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Elon Musk sued by Twitter investors for manipulating stock price
May 28, 2022 05:02 AM AEST| By Mridul GogoiHighlights: Tesla chief Elon Musk was sued by Twitter investors for manipulating stock price. Musk saved himself US$156 million by delaying the announcement of his Twitter stake, say investors. Musk was also sued by the SEC for his timing of t.....
Biden blames gun lobby after 21 people die in school shooting
May 26, 2022 02:10 AM AEST| By Rupam RoyNineteen children and two teachers were killed in a shootout at a Texas school on Tuesday. The lone gunman barged into the Robb Elementary School in Uvalde and opened fire, authorities said. The attacker, identified as high school grader Salvador .....
Elon Musk envisages a 24-hr Tesla Restaurant for Hollywood
May 26, 2022 01:39 AM AEST| By Team Kalkine MediaHighlights: Tesla chief executive Elon Musk planning a 24-hour restaurant for Hollywood. Elon Musk submitted papers to the City of Los Angeles on May 19 for his futuristic restaurant. Tesla stocks fared badly in the past month with a 22% dip.&.....
Latest on monkeypox outbreak: Which countries have reported it so far?
May 20, 2022 12:15 PM AEST| By Aditi SarkarRecently, many countries, including the UK, US, and European countries, have been reporting the cases of monkeypox disease. Monkeypox is a viral zoonotic disease caused by monkeypox virus, generally related to travel to West Africa. It is a mild an.....
Will Russia’s decision to legalize cryptos reenergize the market?
May 20, 2022 03:07 AM AEST| By Versha JainHighlights Russia plans to legalize cryptocurrencies for making payments. The Russian Central Bank would soon formulate a crypto rule. The sanctions may have pushed Russia to rethink its earlier opposing stance. Russian .....
Elon Musk says no-deal before Twitter proves fake account numbers
May 18, 2022 03:34 AM AEST| By Team Kalkine MediaHighlights Elon Musk has said the US$44 billion Twitter acquisition deal is unlikely to move ahead amid uncertainty over fake accounts. Musk asked Twitter CEO Parag Agrawal to publicly disclose that spam accounts represent less than 5% of its a.....
Lockheed (LMT), Thales bag plum US Army orders amid Ukraine war
May 17, 2022 07:45 AM AEST| By Team Kalkine MediaThe US Army has signed deals with Lockheed Martin Corp (NYSE: LMT) and French defence group Thales for Javelin missiles and advanced tactical radios as the Ukraine war intensifies. The Javelin missiles, a portable surface-to-air missile supplied t.....
Emirates airline seeks to entice flyers with Bitcoin payment facility
May 14, 2022 06:27 AM AEST| By Versha JainHighlights Emirates airline, which began with just two aircraft in 1985, now has one of the world’s biggest fleets of Airbus A380s and Boeing 777s. In April, the company announced to launch NFTs and other exciting metaverse experien.....
Twitter (TWTR) takeover deal in ‘temporarily on hold’, says Elon Musk
May 13, 2022 09:26 PM AEST| By Sanjeeb BaruahHighlights The billionaire mogul last week revealed that he secured an additional US$7-billion from new investors for his US$44 billion takeover of the company. After Musk’s tweet, Twitter (TWTR) shares fell more than 18% in the premarket.....
Philip Morris Inc. (NYSE: PM) to acquire European firm Swedish Match
May 10, 2022 05:28 AM AEST| By Team Kalkine MediaHighlights US tobacco giant Philip Morris Inc. (NYSE: PM) to take over European rival Swedish Match. Philip Morris and Stockholm-based Swedish Match deal likely to be finalized this week. Philip Morris has a market value of about US$154 billio.....
Elon Musk secures US$7.1 bn in financing commitment for Twitter buyout
May 06, 2022 05:28 AM AEST| By Versha JainHighlights On March 25, Musk announced the acquisition of Twitter for US$44 billion. Musk is pooling capital to get through one of the most discussed business deals. Besides Musk, 18 co-investors have pledged around US$7.1 billion. .....
Warren Buffett adds US$600 million worth of Apple stocks in Q1
May 03, 2022 06:39 AM AEST| By Team Kalkine MediaHighlights: Warren Buffett added US$600 million worth of Apple stocks in the last quarter. Apple is Berkshire Hathaway’s single largest stock holding. Buffett calls Wall Street a gambling parlor. Berkshire Hathaway Chairman and CEO.....
Which are world’s five costliest cities to rent an apartment?
May 01, 2022 12:52 AM AEST| By AshishHighlights Cost of renting is one of the biggest expenses for anyone seeking a house to live in. The cost varies from city to city. So, one has to carefully choose a place for living, keeping in mind his total wage. The cost of renting an.....
Elon Musk off-loads US$4 billion Tesla stocks after Twitter deal
April 30, 2022 02:38 AM AEST| By Team Kalkine MediaHighlights Elon Musk sold his Tesla stocks worth US$4 billion after his US$44 billion Twitter deal. Musk has now sold over US$20-billion Tesla stocks in the last six months. The Twitter deal is one of the biggest leveraged buyouts in US market.....
Swvl Holdings (SWVL) stock zooms 45% after Zeelo acquisition
April 29, 2022 04:47 AM AEST| By Versha JainHighlights Dubai’s Swvl Holdings specializes in low-cost, eco-friendly mass transit solutions. On Thursday, Swvl announced acquiring ‘smart-bus’ operator Zeelo. The acquisition will likely complete by May 2022. .....
