World news

Alphabet’s (NASDAQ: GOOGL) Google To Face A Possible Antitrust Case in US
December 16, 2020 08:23 PM AEDT| By Kunal SawhneyGoogle seems to be in a spot of bother as a coalition of US states are expected to file an antitrust lawsuit against the global tech giant. According to media reports, Google has been accused of deliberately engineering its search engine to place i.....

Gold jumps to a one-week high on hopes of Fed stimulus
December 16, 2020 06:43 PM AEDT| By Kunal SawhneyGold prices rallied to a one week’s top today as the hopes grow for further stimulus by the US government as the Federal reserve policy decision is awaited. The price of yellow metal had dropped to a low of USD 1,820 per ounce at the start o.....

Are America’s wealthiest 1% calling dibs on COVID-19 vaccine?
December 16, 2020 06:02 PM AEDT| By Edita IvancevicAfter Pfizer’s pioneer COVID-19 vaccine received emergency approval for distribution in the US, many Americans are keenly waiting for an opportunity to get the first jab. READ MORE: Pfizer’s COVID-19 vaccine receives a go-ahead sign fr.....

Australia drags China to the WTO over barley tariffs
December 16, 2020 05:54 PM AEDT| By Edita IvancevicThe Australian government announced that it would take China to the World Trade Organisation over massive tariffs on Australian barley. The situation which arose in May has posed a significant threat to the A$2.5-billion sector. This is the first.....
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Wish to tap the US secondary market with US$1.1 billion IPO
December 16, 2020 03:59 PM AEDT| By Team Kalkine MediaAfter the successful launch of Airbnb and DoodDash’s billion-dollar IPOs, now its time for the Online retailer, Wish to hit the market. The company is coming out with an IPO of US$1.1 billion, making it the 31st IPO this year to exceed the bi.....

O3 Mining (CVE: OIII) Comes Up with An Upbeat PEA for Its Garrison Gold Project
December 16, 2020 01:09 AM AEDT| By Kunal SawhneyCanadian Gold miner O3 Mining has come out with its Preliminary Economic Assessment (PEA) report for one of its mining projects -- the Garrison project in Canada. The report portrays the project with a very high economic value that would push the c.....

Norwegian Cruise Line (NYSE: NCLH) highlights achievements in 2019 stewardship report
December 15, 2020 11:03 PM AEDT| By Hina ChowdharyLeading global cruise company Norwegian Cruise Line has come out with its latest stewardship report highlighting its achievements on environmental, social and governance fronts as part of its global sustainability program -- Sail & Sustain. Th.....

Will the US Face Critical Shortage of Covid-19 Vaccine Doses?
December 15, 2020 07:42 PM AEDT| By Team Kalkine MediaThere has been a wave of jubilation in the US after the Food and Drug Administration (FDA) granted the emergency use authorisation for the coronavirus vaccine co-developed by Pfizer Inc and BioNTech SE. As the US has the highest number of reported .....

Disney+ on cloud nine after engaging billion-plus subscribers
December 15, 2020 06:22 PM AEDT| By Edita IvancevicSince its launch in November 2019, Disney Plus has attracted a significant number of subscribers, becoming one of the most notable competitors to Netflix. Last week, the streaming platform held an online event, where it presented its goals and ide.....

Google services’ global outage: Here’s what exactly happened?
December 15, 2020 04:53 PM AEDT| By Edita Ivancevicwere forced to take a break or an entire day-off until the problem was rectified. Numerous Google and YouTube services, including Gmail and Google Drive, suffered a 45-minute outage on Monday, disrupting the operations of schools and work envir....

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 .....
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