World news

Salesforce to open Adelaide hub along with SA govt

Highlights This is the first global collaboration for Salesforce Net Zero Cloud. Net Zero Cloud uses global emission factors to calculate greenhou...

Biden backs Australian Tritium's move to build EV charging plant in...

Australian 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...

Tritium (NASDAQ:DCFC) shares zoom 40% on US expansion plans

Highlights 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...

Why are athletes complaining at Beijing Olympics 2022?

The Winter Olympics are supposed to celebrate happy evenings that lay a path for the most exciting winter sports. The 2022 Winter Olympics is organise...

Amazon hikes base salary for its employees to $350,000

Highlights  Amazon Inc. announces its decision to more than double the maximum base salary it pays to its employees to US$350,000. In its fou...

Meta (FB) builds shield after avatars ‘harass’ proxies in metaverse

Highlights Some users have faced harassment on Meta’s Horizon network, its virtual reality platform. The protective function will be turned...

Frontier Group (ULCC) to acquire Spirit Airlines for US$6.6 billion

The Colorado-based airline holding company, Frontier Group Holdings, Inc (NASDAQ: ULCC), is acquiring its rival Spirit Airlines Inc. (NYSE: SAVE) for...

Ørsted Appoints the Next Group CFO

Today, Ørsted’s Board of Directors appointed Daniel Lerup as the next Group Chief Financial Officer (CFO) and member of Ørsted’s Executive...

Can Fed rate hikes impact emerging markets?

Highlights Kristalina Georgieva, managing director of the IMF, recently said interest rate hikes by the Fed could have an impact on global recovery...

Volvo, Northvolt to build US$3.3-bn battery gigafactory in Sweden

Highlights The plant’s construction, which includes an R&D center, will begin next year. The batteries for Volvo and Polestar models are...

Is Meta Platforms’ (FB) US$250-bn loss biggest wipeout in US history...

Highlights Meta Platforms, Inc. (FB) lost around US$250 billion in market value in a single day.   The Dow Jones US Technology Total Stoc...

Snap Inc (NYSE: SNAP) nixes iPhone privacy fears - answer to Meta wo...

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 m...

Amazon (AMZN) rides Rivian stake to US$14.3-bn profit, raises member...

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 make...

World's Largest Asset Management Firm Sees Opportunity in Stakeholde...

“I believe the de-carbonization of the global economy is going to create the greatest investment opportunity of our lifetime.” This bold p...

World's Largest Asset Management Firm Sees Opportunity in Stake...

“I believe the de-carbonization of the global economy is going to create the greatest investment opportunity of our lifetime.” This bold p...

Jeff Bezos gets Dutch bridge dismantled to make way for his yacht

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 wa...

Captain Cook’s Endeavour discovery sparks controversy

Highlights Australian National Maritime Museum claims the discovery of Captain Cook's Endeavour. Endeavour's discovery sparks a row among Australi...

Andrew “Twiggy” Forrest takes legal action against Facebook, here’s...

Highlights Facebook fails to take down fake and misleading cryptocurrency advertisements featuring Andrew Forrest from its platform. Forrest takes...

Canva buys UK-based Flourish to expand business

Highlights Software firm Canva buys Flourish, a data visualisation software company in London. Canva to continue scaling the Flourish platform whi...

Queensland swelters under heatwave; power cut in over 23,000 homes

Scorching heat and tropical humidity have taken a toll on Australian citizens, especially in Queensland. The gap between energy demand and supply has...