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World news
Link REIT and Oxford secure office portfolios in Australia
February 10, 2022 08:35 PM AEDT| By RitwikaHighlights Link and Oxford enters a joint venture - Investa Gateway Office venture. The joint venture allows Link and Oxford to acquire five office portfolios in Australia. The acquisition will cost AU$2.3 billion in total to Link and Oxford. .....
Australia to export green hydrogen to Asian markets?
February 10, 2022 08:35 PM AEDT| By Bhawna GuptaThe global campaign to decrease carbon emissions to net-zero by 2050 is moving quickly, with targets and concentration increasing in every area of the economy. Countries plan to transition away from fossil fuels after vowing to achieve net-zero emi.....
Omnicom (NYSE:OMC) shares close 14% high on Q4 2021 earnings report
February 10, 2022 03:23 PM AEDT| By RitwikaHighlights Omnicom outperforms the expectations during Q4 2021. OMC’s revenue increased by 2.6% to US$3,855.9 million in the given period. As a result, OMC’s diluted EPS grew by 6% in Q4 2021. Omnicom Group (NYSE:OMC) shares g.....
Space storm gobbles up 40 Elon Musk's SpaceX satellites
February 10, 2022 10:28 AM AEDT| By Sanjeeb BaruahHighlights SpaceX’s Starlink satellites were launched on February 3 from Florida’s Kennedy Space Center. According to scientists, the geomagnetic storm was caused by a solar flare over the weekend. On Monday, Astra Space, Inc. (A.....
Salesforce to open Adelaide hub along with SA govt
February 09, 2022 08:54 PM AEDT| By Bhawna GuptaHighlights This is the first global collaboration for Salesforce Net Zero Cloud. Net Zero Cloud uses global emission factors to calculate greenhouse gas emissions. South Australia's green economy has the potential to create thousands of jobs. .....
Biden backs Australian Tritium's move to build EV charging plant in US
February 09, 2022 08:51 PM AEDT| By Sukriti NairAustralian EV startup Tritium is set to build a new production plant in Tennessee, US in the upcoming months. Tritium’s new plant in the US will make approximately 30,000 electric-vehicle (EV) fast chargers a year and create roughly 500 local.....
Tritium (NASDAQ:DCFC) shares zoom 40% on US expansion plans
February 09, 2022 07:44 PM AEDT| By Bhawna GuptaHighlights DCFC plans to launch a new manufacturing facility in the US. Tritium stocks closed at US$9.54 each on Tuesday. The news came within a fortnight when DCFC announced a deal with Electromin. Tritium DCFC Limited's (NASDAQ:DCFC) sh.....
Why are athletes complaining at Beijing Olympics 2022?
February 09, 2022 02:12 PM AEDT| By Toshiva JainThe Winter Olympics are supposed to celebrate happy evenings that lay a path for the most exciting winter sports. The 2022 Winter Olympics is organised in Beijing, China. The sports event began on January 4 and will go on till 20 January. However, .....
Ford Motor (F) starts shipping E-Transit vans in US as orders flood in
February 09, 2022 11:38 AM AEDT| By Versha JainHighlights Ford Motor Company (F) starts shipping its E-Transit commercial vans across the US. The company has already received 10,000 orders from 300 customers for the vans. Ford’s Kansas City plant will assemble all electric ve.....
Aluminum’s record high price means a windfall for stocks?
February 09, 2022 11:29 AM AEDT| By Rupam RoyHighlights Aluminum price hit a 13-year high of US$3,235 on Tuesday. Leading aluminum producer Slovalco cut its output by around 60%. Aluminum stocks in LME-registered warehouses fell to their lowest level since 2007. Aluminum prices hit .....
Amazon hikes base salary for its employees to $350,000
February 08, 2022 08:51 PM AEDT| By Priyanka PayalHighlights Amazon Inc. announces its decision to more than double the maximum base salary it pays to its employees to US$350,000. In its fourth-quarter results announced last week, Amazon revealed that its net sales increased 9% to US$137.....
US renews calls on China to fulfil Trump-era trade commitments
February 08, 2022 02:38 PM AEDT| By Sanjeeb BaruahUS officials on Monday renewed calls on China to fulfill its promises made in a trade pact with than Trump administration to buy US$200 billion worth of American goods, Reuters reported. The officials asked China to take "concrete action" to meet .....
Meta (FB) builds shield after avatars ‘harass’ proxies in metaverse
February 08, 2022 10:09 AM AEDT| By Team Kalkine MediaHighlights Some users have faced harassment on Meta’s Horizon network, its virtual reality platform. The protective function will be turned on by default. Meta Platforms had opened its virtual reality platform to the public in North Am.....
Frontier Group (ULCC) to acquire Spirit Airlines for US$6.6 billion
February 08, 2022 06:35 AM AEDT| By Rupam RoyThe Colorado-based airline holding company, Frontier Group Holdings, Inc (NASDAQ: ULCC), is acquiring its rival Spirit Airlines Inc. (NYSE: SAVE) for US$6.6 billion in a cash-and-stock deal. The purchase is expected to help Frontier compete with l.....
Ørsted Appoints the Next Group CFO
February 08, 2022 12:05 AM AEDT| By 3BLToday, Ørsted’s Board of Directors appointed Daniel Lerup as the next Group Chief Financial Officer (CFO) and member of Ørsted’s Executive Committee as of 8 April 2022. Daniel Lerup is cur...
Amazon (AMZN), Meta (FB) epic gain, loss – case of want and necessity?
February 06, 2022 02:40 PM AEDT| By Sanjeeb BaruahHighlights Amazon Inc (AMZN) closed the week with its biggest single-day gain of US$191 billion. Meta Inc’s (FB) stock rout wiped out more than US$250 billion in market value. PetroChina Co holds the record for daily gain at US$597 bill.....
Can Fed rate hikes impact emerging markets?
February 06, 2022 12:52 AM AEDT| By AshishHighlights Kristalina Georgieva, managing director of the IMF, recently said interest rate hikes by the Fed could have an impact on global recovery. She feared that escalated interest rates in the US could make repayment costlier for econom.....
Chip firms see supply tension even with production boost in 2022
February 05, 2022 06:49 PM AEDT| By Versha JainHighlights Automakers like Ford Motor Co and General Motors anticipate the semiconductor shortage to improve in the second half of 2022. But the supply tension is expected to persist even with a production boost this year. The House on.....
Protests, diplomatic boycotts overshadow Beijing Winter Olympics
February 05, 2022 06:43 PM AEDT| By Versha JainHighlights According to BBC, China has issued no tickets to the common public, but only to the members of the Communist Party and the state-run company officials. Diplomats from around a dozen countries, including the US, the UK.....
Volvo, Northvolt to build US$3.3-bn battery gigafactory in Sweden
February 05, 2022 11:27 AM AEDT| By Rupam RoyHighlights The plant’s construction, which includes an R&D center, will begin next year. The batteries for Volvo and Polestar models are expected to start in 2025. The new facility would create 50-gigawatt-hour (GWh) of battery c.....
AI on the Rise: A Look at Top AI Companies and Their Stocks