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World news
Singapore Airlines becomes the first airline to sign the Global SAF Declaration
February 16, 2022 08:44 PM AEDT| By SamtaHighlights Singapore Airlines has signed the Global Sustainable Aviation Fuel (SAF) Declaration. SIA has partnered with Safran, Airbus, and Rolls-Royce to sign the Declaration. SIA is actively accelerating the usage of SAF in Singapore w.....
What does NZ’s AI-tech start-up Soul Machines want to do with latest funding?
February 15, 2022 07:56 PM AEDT| By SonalHighlights Soul Machines raised US$70 million in Series B1 financing on Monday. SoftBank Vision Fund 2 was the lead investor, with fresh investors joining in as well. New investment will help the company in pursuing deeper research into replic.....
On 20th anniversary, PayPal (PYPL) caps era of growth, sets new goals
February 15, 2022 11:38 AM AEDT| By Rupam RoyPayPal Holdings, Inc. (NASDAQ: PYPL), which marks its 20th anniversary on Tuesday, has benefited from the increased digitalization. The demand for digital payment services, accelerated by the rapid growth of eCommerce, helped the company expand its.....
AMD finalizes US$50-billion Xilinx purchase in industry’s biggest deal
February 15, 2022 08:16 AM AEDT| By Sanjeeb BaruahHighlights AMD had announced the deal with Xilinx Inc (XLNX) in October 2020. At the time, the chip manufacturer was valued at US$35 billion. But the XLNX stock’s price gains have pushed the valuation higher. In what is being call.....
WEC President & CEO Glenn Prickett Interview With Peter Schnurrenberger, Chief SHE Officer at Roche
February 15, 2022 06:30 AM AEDT| By 3BLFebruary 14, 2022 /3BL Media/ - WEC President & CEO Glenn Prickett spoke with Peter Schnurrenberger, Chief SHE Officer at Roche, on the eve of his retirement to discuss his work at Roche and his v...
Ford Motor Co (F) mulls setting up EV manufacturing hub in India
February 12, 2022 10:00 AM AEDT| By Sanjeeb BaruahFord Motor Co (NASDAQ: F) may produce electric vehicles in India for exports, the company said on Friday, months after it announced the closing of operations in the country due to lack of profitability. In a statement on Friday, cited by Reuters, .....
Uber (UBER) to accept cryptos if exchange costs, climate issues resolve
February 12, 2022 07:56 AM AEDT| By Versha JainHighlights Uber said it will accept cryptocurrency in the future. It said the high transaction cost in the exchange makes it unviable for adoption now. Uber Technologies (UBER) stock fell 37.8% in one year. Ride-hailin.....
Rapper Drake places US$1.26-mn bet in Bitcoin on Super Bowl LVI game
February 12, 2022 12:00 AM AEDT| By Rupam RoyAs Americans gear up for one of the country's biggest sports extravaganzas, Canadian rapper Drake said in an Instagram post that he placed over US$1.26 million bets in Bitcoin (BTC) on Los Angeles Rams that will play against Cincinnati Bengals in S.....
Communicating On Purpose: How to Generate and Talk About Enduring Social Impact
February 11, 2022 07:00 AM AEDT| By 3BLNot too long ago, I was approached by a major company eager to build its reputation as one of the “good guys.” Their CEO didn’t top noteworthy lists of admired leaders, and few knew...
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.....
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.....
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.....
