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World news
Why did Kelly Loeffler evade a question during Georgia debate?
December 10, 2020 04:18 PM AEDT| By Edita Ivancevicicials 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
December 10, 2020 03:17 PM AEDT| By Hina ChowdharyOn 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
December 10, 2020 02:19 PM AEDT| By Team Kalkine MediaOn 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
December 10, 2020 12:08 PM AEDT| By Hina ChowdharyThe 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
December 10, 2020 12:21 AM AEDT| By Team Kalkine MediaIn 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.....
China’s Consumer Prices lowest in more than a decade
December 09, 2020 08:33 PM AEDT| By Team Kalkine MediaChina’s consumer prices went down for the first time in a decade, after pork prices fell courtesy recovery from the last year’s African swine fever. Economists had forecast a flat year-on-year CPI outcome after a 0.5% rise in October. As...
OPEC+ agrees to crank up oil production from January
December 09, 2020 07:59 PM AEDT| By Team Kalkine MediaIn a significant move, OPEC and non-OPEC allies have agreed to raise their oil production starting January, after a meeting on 3 December 2020. The decision came after days of marathon discussions, which were focused on building accord over how to .....
The controversial life of coal mining magnate Ivan Glasenberg
December 09, 2020 02:08 PM AEDT| By Edita IvancevicIvan Glasenberg at International Economic Forum in St. Petersburg, Russia, 2016 (Image source: Shutterstock) Ivan Glasenberg, the Swiss-based billionaire, has the largest stake in the commodity trading and mining company, Glencore (LON:GLEN). The co...
Pfizer-BioNTech’s COVID-19 vaccine starts working within ten days of first dose, says FDA
December 09, 2020 01:53 PM AEDT| By Hina ChowdharyAccording to new documents released by the US regulator, Pfizer-BioNTech's COVID-19 vaccine, BNT162b2 shows response within almost ten days of the first dose. In the documents, the US Food and Drug Administration (FDA) mentioned that BNT162b2 was f.....
Tesla to Raise USD 5 Billion, Riding High on Share Price Boom
December 09, 2020 01:11 PM AEDT| By Team Kalkine MediaAmerican electric vehicle and clean energy company, Tesla Inc., has unveiled its plan to raise USD 5 billion. As per a regulatory filing on Tuesday, the additional shares will be sold from time to time, at the market prices. It is the second time i.....
Deutsche Bank, ANZ, Citi face trials in Australia’s biggest criminal case
December 08, 2020 11:44 PM AEDT| By Team Kalkine MediaThe three major banks, Australia and New Zealand (ANZ) Banking Group Ltd, Citigroup Inc, Deutsche Bank AG, and six of firms’ former staff were asked to face trial in Australia’s NSW Local Court on Tuesday after pleading not guil.....
In A First, Water Futures Start Trading On Wall Street
December 08, 2020 11:02 PM AEDT| By Hina ChowdharyWater has now entered the league of oil, gold, and other commodities futures on Wall Street, representing concerns that the life-sustaining natural reserve may become insufficient around the world. Chicago-based CME Group Inc unveiled agre.....
The Story of ‘Big Short’s’ Michael J. Burry
December 08, 2020 07:25 PM AEDT| By Edita IvancevicImage Source: Shutterstock People in large number remember how nerve-wracking the 2008 Global Financial Crisis was. Wall Street completely crashed, and the world was left with years of financial struggles. Yet, some investors could sense the future...
The meteoric rise of Ray Dalio, World’s Largest Hedge Fund Manager
December 08, 2020 06:42 PM AEDT| By Edita IvancevicHedge Fund managers are one of the most fancied names on the Wallstreet, and many stock market participants closely track each and every move these fund managers make. Many hedge fund managers make it to the rich list, thanks to the huge amount of m...
Tony Hsieh: the 'generous' genius from the US who died at just 46
December 08, 2020 04:18 PM AEDT| By Edita IvancevicImage Source: Shutterstock Tony Hsieh was a renowned American businessman, who made a considerable impact on Zappos after being hired as its CEO. He was known to turn an almost bankrupt firm into a multibillion-dollar empire. Within a decade, he too...
Who is Dr Timnit Gebru and why did Google fire her?
December 08, 2020 12:49 PM AEDT| By Edita IvancevicIf asked to imagine an artificial intelligence and the technology sector employee, there is a high chance one would picture a white male scientist wearing smart glasses. In that case, one would not be wrong due to white male dominance within the tech...
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Chinese Factory Output Growth Outshines many Asian Countries
December 07, 2020 02:52 PM AEDT| By Team Kalkine MediaWith coronavirus mostly under control in China, buyers are ready to spend again in a bid to lift activity further. As per the National Bureau of Statistics data, industrial output of China soared 6.9% in October compared to a year ago in sync with.....
Possible truce between US and China over Huawei CFO’s detention in Canada
December 04, 2020 09:13 PM AEDT| By Hina ChowdharyAfter two years of acrimonious charges, the US prosecutors seem to be closing a deal with the lawyers of Huawei Chief Financial Officer Meng Wenzhou, who is in detention in Canada since 2018. US authorities have been trying to get Wenzhou e.....
Pfizer’s shares plunge after reports of cutting COVID-19 vaccine supply to half
December 04, 2020 03:16 PM AEDT| By Hina ChowdharyPfizer shares closed the day below 0.22% on Thursday after the news of supply chain challenges. According to several media reports, supply chain challenges forced Pfizer to cut its estimates by half for roll out of the COVID-19 vaccine. The compan.....
What is Oregon’s magic mushrooms program? How will it benefit people?
December 04, 2020 02:46 PM AEDT| By Edita Ivancevics for Measure 109, the whole program should be finalised in a two-year time frame. Exactly a month ago, Oregon became the first state in the US to legalise the usage of psychedelic mushrooms for psychiatric purposes. Psilocybin, a ‘magic&...
AI on the Rise: A Look at Top AI Companies and Their Stocks