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 Blackstone Real Estate, Soilbuild Group Chairman to Privatise Soilbuild Reit

Blackstone Real Estate, Soilbuild Group Chairman to Privatise Soilbuild Reit

December 14, 2020 07:16 PM AEDT| By Kunal Sawhney

Singapore-based property company Solidbuild Group Holdings Limited’s executive chairman and co-founder Lim Chap Huat has teamed up with Blackstone Real Estate in a bid to privatise and delist Soilbuild Business Space REIT (SB REIT) at $0.55 i.....

 Elliott reportedly buys stake in Public Storage (NYSE: PSA)

Elliott reportedly buys stake in Public Storage (NYSE: PSA)

December 14, 2020 06:38 PM AEDT| By Team Kalkine Media

New York-based investment management company Elliott Management Corporation has reportedly bought a stake in the California-headquartered self-storage firm Public Storage (NYSE: PSA). In recent weeks, Public Storage and Elliott Associates have had .....

 Mastercard (NYSE: MA) to Face a £14.0 Billion Class Action Suit in the UK

Mastercard (NYSE: MA) to Face a £14.0 Billion Class Action Suit in the UK

December 13, 2020 11:47 AM AEDT| By Hina Chowdhary

  The British Supreme Court has allowed the initiation of a first-class action suit against payments company Mastercard for overcharging customers. The company has been accused of overcharging of nearly 46 million people in Britain over a pe...

 UK Moves Step Closer to First Nuclear Fusion Power plant

UK Moves Step Closer to First Nuclear Fusion Power plant

December 13, 2020 12:04 AM AEDT| By Kunal Sawhney

The UK government has started the hunt for a 100-hectare site for its upcoming nuclear fusion-based power plant. Called as Spherical Tokamak for Energy Production (STEP), it is expected to cost around £2 billion. Production is anticipated to .....

 Hong Kong Airlines and Shangri-La Hotel Group Restart Laying Off Staff

Hong Kong Airlines and Shangri-La Hotel Group Restart Laying Off Staff

December 12, 2020 10:09 PM AEDT| By Kunal Sawhney

The state of the economy in Hong Kong continues to be in a shamble as businesses are still laying off people in the wake of poor economic recovery. The airline and the hospitality industries are perhaps the most affected in the country, which once .....

 US FDA allows Pfizer-BioNTech Covid-19 vaccine for emergency use

US FDA allows Pfizer-BioNTech Covid-19 vaccine for emergency use

December 12, 2020 08:53 PM AEDT| By Kunal Sawhney

  The US Food and Drug Administration (FDA) on Friday gave a go-ahead to Pfizer-BioNTech COVID-19 Vaccine for emergency use in the US. The FDA in a statement said that it is determined that Pfizer-BioNTech’s vaccine has met its statutor.....

 Top Players Across the Globe Riding Gaming Boom

Top Players Across the Globe Riding Gaming Boom

December 12, 2020 03:33 AM AEDT| By Hina Chowdhary

The gaming market has been on a lively run in 2020. As the pandemic forced people to stay put at their homes, gaming emerged as an alternative to many activities which require close contact.  Also, the gaming industry has evolved significantl.....

 US, EU Planning Sanctions on Turkey for Buying Russian S-400 Air Defence Systems

US, EU Planning Sanctions on Turkey for Buying Russian S-400 Air Defence Systems

December 12, 2020 02:33 AM AEDT| By Hina Chowdhary

The US and EU are planning to inflict pressure on Turkey. While the US wants to put sanctions for buying S-400 missiles or air defence systems from Russia in 2019, the EU, on the other hand, is targeting Turkey for its involvement in energy explora.....

 Hyundai Motor to Acquire a Majority Stake in Robotic Firm Boston Dynamics

Hyundai Motor to Acquire a Majority Stake in Robotic Firm Boston Dynamics

December 11, 2020 09:57 PM AEDT| By Hina Chowdhary

South Korean carmaker Hyundai Motor Group and its chairman Euisun Chung are set to acquire an 80 per cent stake in US-based robotic design manufacturer Boston Dynamics, owned by Japanese conglomerate SoftBank, for about $736-$828 million. The deal.....

 Money doubled! Airbnb (NASDAQ: ABNB) skyrockets on market debut

Money doubled! Airbnb (NASDAQ: ABNB) skyrockets on market debut

December 11, 2020 08:33 PM AEDT| By Team Kalkine Media

Airbnb Inc (NASDAQ: ABNB) has entered the capital markets with a bang as the shares of the San Francisco-headquartered online home-sharing platform rallied over 100 per cent upon the stock market debut on Thursday. Airbnb has successfully raised a .....

 What is GoFundMe and how does it work?

What is GoFundMe and how does it work?

December 11, 2020 08:02 PM AEDT| By Edita Ivancevic

oney is required. Raising money for any occasion is possible on GoFundMe, an online platform where anyone can start a campaign to crowdsource money from strangers. GoFundMe is famous for raising thousands of dollars for those experiencing diffi...

 Pfizer’s COVID-19 vaccine receives a go-ahead sign from FDA Expert Panel

Pfizer’s COVID-19 vaccine receives a go-ahead sign from FDA Expert Panel

December 11, 2020 04:40 PM AEDT| By Team Kalkine Media

In a significant recent development, the Pfizer-BioNTech coronavirus vaccine gets FDA officials panel's nod for the Emergency Use Authorization (EUA) of the vaccine. The Vaccines and Related Biological Products Advisory Committee (VRBPAC) has endor.....

 Airbnb IPO debuts with a bang, share price doubles

Airbnb IPO debuts with a bang, share price doubles

December 11, 2020 02:28 PM AEDT| By Team Kalkine Media

It was a smashing debut for the much-awaited Airbnb IPO. On the first day of its listing, the stock price got more than doubled. The overwhelming response the share received on debut gave the impression that it was an end to Airbnb’s difficul.....

 Disney nails another milestone as subscribers soar in number

Disney nails another milestone as subscribers soar in number

December 11, 2020 02:26 PM AEDT| By Kunal Sawhney

Entertainment giant The Walt Disney Company (NYSE:DIS) is only one year old in the online streaming service business, but the company seems to have left no stone unturned to achieve success. On Thursday 10 December 2020, Disney revealed details of .....

 India’s Ambanis top the list of the richest families in Asia

India’s Ambanis top the list of the richest families in Asia

December 11, 2020 02:01 PM AEDT| By Edita Ivancevic

g US$76 billion, following with the Kwok, Chearavanont, Hartono, and Lee families. Bloomberg posted the list of the wealthiest families in Asia in early November, where India’s Mukesh Ambani has retained his No. 1 position of September lis...

 Why did Kelly Loeffler evade a question during Georgia debate?

Why did Kelly Loeffler evade a question during Georgia debate?

December 10, 2020 04:18 PM AEDT| By Edita Ivancevic

icials informed of the upcoming pandemic. The DOJ had dismissed those allegations. Republican Senator Kelly Loeffler has come under spotlight after she attempted to steer clear of a question during a Sunday night debate held in Georgia. Loeffle...

 In a first, Australia to make Facebook, Google pay for news content

In a first, Australia to make Facebook, Google pay for news content

December 10, 2020 03:17 PM AEDT| By Hina Chowdhary

On 8 December 2020, Australia unveiled its plans to make Facebook and Google to pay to the local media outlets for the news content. Australia has become the first country in the world to do so. Treasurer Josh Frydenberg mentioned that the two techn...

 DoorDash (NYSE:DASH) makes a smashing debut, shares soar ~86% on day one

DoorDash (NYSE:DASH) makes a smashing debut, shares soar ~86% on day one

December 10, 2020 02:19 PM AEDT| By Team Kalkine Media

On 09 December 2020, DoorDash made is NYSE debut on New York Stock Exchange, and by the end of the trading session, the shares surged by 85.89%, settling at US$189.51. DoorDash is a technology company that links people with the best in their citie.....

 US Government Sues Facebook, Seeks its Breakup  

US Government Sues Facebook, Seeks its Breakup  

December 10, 2020 12:08 PM AEDT| By Hina Chowdhary

The Federal Trade Commission (FTC) has sued Facebook on antitrust grounds. The investigation into the matter was conducted in coordination with the Attorney Generals of 46 states. They are alleging that the social media giant has engaged in a stra.....

 Nestle SA subsidiary to Invest $550 Million For Pet Food Factory’s Expansion in Georgia

Nestle SA subsidiary to Invest $550 Million For Pet Food Factory’s Expansion in Georgia

December 10, 2020 12:21 AM AEDT| By Team Kalkine Media

  In a move to meet the ever-growing demand for the company’s high-quality and healthy pet care brands, Nestle Purina PetCare, subsidiary of Nestle SA, has decided to invest $550 million for the expansion of its pet food production capa.....

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