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World news
China turns up the heat on trade war, bans Australian coal
December 15, 2020 03:13 PM AEDT| By Edita Ivancevice A$14 billion coal industry joins the show, raising anxiety in Australian miners. Chinese authorities are thought to have confirmed a formal ban on A$14 billion coal imports from Australia on Monday night. Since then, the Australian government...
Biden Gets Green Signal from Electoral College to Become 46th US President
December 15, 2020 01:52 PM AEDT| By Team Kalkine MediaOn Monday, 14 December 2020, the US president-elect Biden got a substantial majority of votes in the Electoral College. This confirms his victory in the last month's presidential elections and affirms that he would be the next president of the US. .....
Another hour-long Google service outage in six months, Gmail, Google Drive affected
December 15, 2020 03:01 AM AEDT| By Team Kalkine MediaThe services of global tech conglomerate Google were down for the fourth time this year after 90 per cent of the users failed to log in into prime Google applications, such as Gmail, YouTube, Google Drive, Google TV and Google Play. Although the Go.....
Alibaba (NYSE: BABA), Tencent Holdings (OTC: TCEHY) backed firms fined by Chinese market regulator
December 14, 2020 11:05 PM AEDT| By Hina ChowdharyExercising its new law on anti-competitive business behaviour in the country, China has imposed a fine of CN¥ 500,000 each on China Literature and Shenzhen Hive Box for not providing proper details on recent M&A deals for anti-trust reviews.....
Global Economy to regain speed on a Bumpy Road to recovery
December 14, 2020 08:27 PM AEDT| By Team Kalkine MediaThe global economy has shown its remarkable resilience as it gradually progressed through the COVID-19 pandemic. Though prospects for a way out of the crisis have risen, some countries are still battling the rising number of virus cases by re-impo.....
Blackstone Real Estate, Soilbuild Group Chairman to Privatise Soilbuild Reit
December 14, 2020 07:16 PM AEDT| By Kunal SawhneySingapore-based property company Solidbuild Group Holdings Limited’s executive chairman and co-founder Lim Chap Huat has teamed up with Blackstone Real Estate in a bid to privatise and delist Soilbuild Business Space REIT (SB REIT) at $0.55 i.....
Elliott reportedly buys stake in Public Storage (NYSE: PSA)
December 14, 2020 06:38 PM AEDT| By Team Kalkine MediaNew York-based investment management company Elliott Management Corporation has reportedly bought a stake in the California-headquartered self-storage firm Public Storage (NYSE: PSA). In recent weeks, Public Storage and Elliott Associates have had .....
Mastercard (NYSE: MA) to Face a £14.0 Billion Class Action Suit in the UK
December 13, 2020 11:47 AM AEDT| By Hina ChowdharyThe British Supreme Court has allowed the initiation of a first-class action suit against payments company Mastercard for overcharging customers. The company has been accused of overcharging of nearly 46 million people in Britain over a pe...
UK Moves Step Closer to First Nuclear Fusion Power plant
December 13, 2020 12:04 AM AEDT| By Kunal SawhneyThe UK government has started the hunt for a 100-hectare site for its upcoming nuclear fusion-based power plant. Called as Spherical Tokamak for Energy Production (STEP), it is expected to cost around £2 billion. Production is anticipated to .....
Hong Kong Airlines and Shangri-La Hotel Group Restart Laying Off Staff
December 12, 2020 10:09 PM AEDT| By Kunal SawhneyThe state of the economy in Hong Kong continues to be in a shamble as businesses are still laying off people in the wake of poor economic recovery. The airline and the hospitality industries are perhaps the most affected in the country, which once .....
US FDA allows Pfizer-BioNTech Covid-19 vaccine for emergency use
December 12, 2020 08:53 PM AEDT| By Kunal SawhneyThe US Food and Drug Administration (FDA) on Friday gave a go-ahead to Pfizer-BioNTech COVID-19 Vaccine for emergency use in the US. The FDA in a statement said that it is determined that Pfizer-BioNTech’s vaccine has met its statutor.....
Top Players Across the Globe Riding Gaming Boom
December 12, 2020 03:33 AM AEDT| By Hina ChowdharyThe gaming market has been on a lively run in 2020. As the pandemic forced people to stay put at their homes, gaming emerged as an alternative to many activities which require close contact. Also, the gaming industry has evolved significantl.....
US, EU Planning Sanctions on Turkey for Buying Russian S-400 Air Defence Systems
December 12, 2020 02:33 AM AEDT| By Hina ChowdharyThe US and EU are planning to inflict pressure on Turkey. While the US wants to put sanctions for buying S-400 missiles or air defence systems from Russia in 2019, the EU, on the other hand, is targeting Turkey for its involvement in energy explora.....
Hyundai Motor to Acquire a Majority Stake in Robotic Firm Boston Dynamics
December 11, 2020 09:57 PM AEDT| By Hina ChowdharySouth Korean carmaker Hyundai Motor Group and its chairman Euisun Chung are set to acquire an 80 per cent stake in US-based robotic design manufacturer Boston Dynamics, owned by Japanese conglomerate SoftBank, for about $736-$828 million. The deal.....
Money doubled! Airbnb (NASDAQ: ABNB) skyrockets on market debut
December 11, 2020 08:33 PM AEDT| By Team Kalkine MediaAirbnb Inc (NASDAQ: ABNB) has entered the capital markets with a bang as the shares of the San Francisco-headquartered online home-sharing platform rallied over 100 per cent upon the stock market debut on Thursday. Airbnb has successfully raised a .....
What is GoFundMe and how does it work?
December 11, 2020 08:02 PM AEDT| By Edita Ivanceviconey is required. Raising money for any occasion is possible on GoFundMe, an online platform where anyone can start a campaign to crowdsource money from strangers. GoFundMe is famous for raising thousands of dollars for those experiencing diffi...
Pfizer’s COVID-19 vaccine receives a go-ahead sign from FDA Expert Panel
December 11, 2020 04:40 PM AEDT| By Team Kalkine MediaIn a significant recent development, the Pfizer-BioNTech coronavirus vaccine gets FDA officials panel's nod for the Emergency Use Authorization (EUA) of the vaccine. The Vaccines and Related Biological Products Advisory Committee (VRBPAC) has endor.....
Airbnb IPO debuts with a bang, share price doubles
December 11, 2020 02:28 PM AEDT| By Team Kalkine MediaIt was a smashing debut for the much-awaited Airbnb IPO. On the first day of its listing, the stock price got more than doubled. The overwhelming response the share received on debut gave the impression that it was an end to Airbnb’s difficul.....
Disney nails another milestone as subscribers soar in number
December 11, 2020 02:26 PM AEDT| By Kunal SawhneyEntertainment giant The Walt Disney Company (NYSE:DIS) is only one year old in the online streaming service business, but the company seems to have left no stone unturned to achieve success. On Thursday 10 December 2020, Disney revealed details of .....
India’s Ambanis top the list of the richest families in Asia
December 11, 2020 02:01 PM AEDT| By Edita Ivancevicg US$76 billion, following with the Kwok, Chearavanont, Hartono, and Lee families. Bloomberg posted the list of the wealthiest families in Asia in early November, where India’s Mukesh Ambani has retained his No. 1 position of September lis...
AI on the Rise: A Look at Top AI Companies and Their Stocks