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World news
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. .....
Lucid Group Inc (LCID) bags 10-year Saudi contract for EVs
April 29, 2022 12:01 AM AEST| By Team Kalkine MediaHighlights Lucid Group Inc (Nasdaq: LCID) has bagged a 10-year contract from Saudi Arabia for electric cars. The company will set up a production plant in the country for vehicle deliveries. Lucid to set up a full production plant in Saudi Ara.....
Musk’s ‘cocaine’ tweet creates stir: Is he serious about buying Coca-Cola?
April 28, 2022 03:48 PM AEST| By Daniel Paul JohnsHighlights Elon Musk purchased 100% stake in Twitter for approximately US$44 billion earlier this week. Earlier, the SpaceX founder had said that he wanted to unlock the “extraordinary potential” of the micro-blogging site. Musk ha...
Decoding the saga of “free speech” on Twitter
April 28, 2022 02:58 PM AEST| By Toshiva JainHighlights Elon Musk bought Twitter for US$44 million, stating that the social network has tremendous potential to be unlocked. Musk wants to boost Twitter by easing censorship restrictions and inculcating new algorithms for its better function...
Elon Musk’s Twitter deal sets off worst fall in Tesla (TSLA) stocks
April 28, 2022 12:34 AM AEST| By Team Kalkine MediaHighlights: Tesla shares witnessed a sharp fall on Tuesday after Musk’s Twitter deal. TSLA shares fell 12% to US$876.42, its highest in more than a year. Twitter shares also tanked by 3.9% on Tuesday. Tesla Inc. (TSLA) shares slid 1.....
Elon Musk nears deal to buy Twitter, ending days of wild conjectures
April 26, 2022 05:08 AM AEST| By Team Kalkine MediaHighlights: Twitter nears settling purchase deal with Elon Musk. Deal to end days of speculations since his unsolicited offer to own the company. Musk to take over Twitter after his US$43 billion bid. It could be a watershed moment for so.....
The hybrid work model: Employees love this new pandemic-warped new normal
April 24, 2022 06:34 AM AEST| By Team Kalkine MediaHighlights: The hybrid workplace model is here to stay. A growing number of employees who have tasted its endearing benefits want it retained. The hybrid model brought about a paradigm shift in workplaces. Before the pandemic.....
