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World news
Virgin Australia takes a new route as Bain Capital takes over
November 18, 2020 02:34 PM AEDT| By Hina ChowdharyVirgin Australia Holdings Limited (ASX:VAH) has finally got a new owner after the completion of A$3.5 billion sale to Bain Capital, the US private equity group. All Virgin's shares have been transferred to Bain Capital and the company is delis.....
Ransomware Attacks on the rise in APAC Region, Businesses forced to pay up
November 18, 2020 02:26 PM AEDT| By Kunal SawhneyRansomware, a malicious software that can infect your system, typically displays several messages demanding a specific fee to ensure your system starts functioning properly again. This malware category is an illegal moneymaking scheme that enters t.....
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Warren Buffett sours on banks, trims tech and laps up pharma stocks
November 18, 2020 01:51 PM AEDT| By Kunal SawhneyBerkshire Hathaway’s third-quarter filing is out. This time Warren Buffet has given food for thought to his followers, especially with regards to banks. The latest filing details a slew of changes made by the conglomerate in the third .....
Moderna’s COVID-19 vaccine impresses, demonstrates 94.5% efficacy
November 17, 2020 01:41 PM AEDT| By Team Kalkine MediaUS biotech firm Moderna Inc (NASDAQ:MRNA) on 16 November 2020 announced that its experimental vaccine against COVID-19, mRNA-1273 was 94.5% effective, marking a significant breakthrough in the quest to end the ongoing pandemic. The interim data fro.....
What is the Regional Comprehensive Economic Partnership?
November 16, 2020 06:15 PM AEDT| By Edita IvancevicAfter eight years of meetings, negotiations and discussions, Australia finally signed the Regional Comprehensive Economic Partnership (RCEP) deal on Sunday, 15 November. RCEP is a big pact for Australia, as most of its imports and exports are conn.....
SpaceX, NASA Make History with First Crew Dragon Launch to Space
November 16, 2020 04:18 PM AEDT| By Hina ChowdharyAt EST 7:27 PM (Sunday 15 November 2020) the SpaceX Falcon 9 rocket and Crew Dragon spacecraft "Resilience" lifted off four astronauts to the International Space Station, making a historic launch from the Kennedy Space Centre of NASA in Florida. T.....
Biden Gets Ready for White House Despite Trump’s Refusal to Concede
November 15, 2020 12:52 AM AEDT| By Team Kalkine MediaThe presidential race to the White House has finally come to an end with Joe Biden elected as the 46th President of the US on Saturday, 7 November 2020. The Democratic presidential candidate won after giving a tough fight to outgoing US President D.....
E-commerce boom: Brazil the next major country to reap the benefits
November 14, 2020 04:17 AM AEDT| By Kunal SawhneyE-commerce activity has soared to record heights throughout the current coronavirus pandemic due to rise in demand levels. The widespread use of e-payments from ordering food to shopping online has given a boost to some companies amid the digital p.....
Ford Unveils New All-Electric Commercial Transit Van
November 13, 2020 04:33 PM AEDT| By Kunal SawhneyAs part of Ford's plan to invest USD 11.5 billion in electric vehicles through 2022, the American automaker company has unveiled its new all-electric Transit van. Ford is expecting to give rivals a good run for their money with E-Transit in the com.....
COVID-19 vaccine breakthrough fuels US tech stocks’ sell-off
November 12, 2020 06:13 PM AEDT| By Kunal SawhneyThe US achieved a significant milestone in the direction of COVID-19 vaccine when on 09 November 2020, Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) announced that their mRNA-based vaccine candidate, BNT162b2 is 90% effective in preventing.....
How will Biden victory affect health insurance in the US?
November 12, 2020 05:06 PM AEDT| By Edita IvancevicAfter the US welcomed their new Democrat president Joe Biden in the most intense presidential elections ever, many Americans greeted the decision with a smile on their face. Fireworks, beeping cards, and singing pop classics could be both seen and .....
Why Royal Caribbean shares saw a 29% spike
November 11, 2020 10:53 PM AEDT| By Hina ChowdharyThe travel and tourism industry has been hit the hardest by the backlash of the coronavirus pandemic as most countries restricted international and non-essential domestic travels after the Covid-19 cases started spreading. A .....
Is Hydrogen the fuel of the future?
November 11, 2020 03:59 PM AEDT| By Edita IvancevicIn a world where the need for sustainable energy is growing by the day, engineers are facing a crucial task of finding new resources. After NASA started using hydrogen fuel for their spaceships, hydrogen as an element leapt to the limelight. It is.....
Petco plans to go public, files IPO with the US Securities and Exchange Commission
November 11, 2020 02:19 PM AEDT| By Hina ChowdharyPetco Animal Supplies Inc has announced its intentions to go public in the US after having submitted a registration form S-1 to the US Securities and Exchange Commission (SEC) for the review. However, the IPO is still in its initial stages, and the.....
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Brazil Halts Clinical Trials of Sinovac’s COVID-19 Vaccine, CoronaVac
November 10, 2020 05:26 PM AEDT| By Team Kalkine MediaAnvisa, the Brazilian health regulator, has paused the Chinese pharmaceutical company Sinovac Biotech Ltd’s (NASDAQ:SVA) COVID-19 final-stage clinical trial. The trials were put on a halt due to the detection of a severe adverse event. .....
China's October 2020 CPI growth rate falls to 11-year low, PPI drops for ninth straight month
November 10, 2020 04:18 PM AEDT| By Team Kalkine MediaThe growth rate of China’s consumer price index (CPI), the indicator of retail inflation in the country, has fallen to the lowest level in 11 years since the subprime mortgage-led catastrophe rattled the financial markets across the w.....
GE Healthcare in partnership with GenesisCare to deliver improved Cancer and Cardiovascular treatments
November 10, 2020 03:33 PM AEDT| By Hina ChowdharyGE Healthcare is the healthcare division of the American multinational conglomerate, General Electric (NYSE: GE). The division alone is valued at US$16.7 billion and provides medical technology and related digital solutions on a global scale. .....
Pfizer, BioNTech’s share prices jump on upbeat COVID-19 vaccine news
November 10, 2020 01:13 PM AEDT| By Team Kalkine MediaOn 9 November 2020, Pfizer Inc (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) announced that their vaccine candidate, BNT162b2 was found to be over 90% effective for the prevention of COVID-19 in Phase 3 participants with no evidence of an earlier SARS-C.....
AstraZeneca (AZN) and Regeneron (REGN) beat COVID-19 blues, report strong Q3 results
November 10, 2020 12:24 PM AEDT| By Team Kalkine MediaDuring the current reporting season, several companies have reported losses due to the impact of the ongoing pandemic. However, in the healthcare sector, some companies have witnessed moderate to high growth in revenues. This is because there have .....
Sneak peek at COVID-19 Vaccine frontrunners: AZN, Moderna, Pfizer, J&J
November 08, 2020 12:14 AM AEDT| By Hina ChowdharySince the outbreak of the catastrophic pandemic, SARS-CoV-2 has taken a severe toll on human life as well as economic and financial aspects. We are already close to completing a year since the emergence of the disease, and there are still several m.....
AI on the Rise: A Look at Top AI Companies and Their Stocks