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World news
Tesla to ship cars from Shanghai plant, improve shipment time for Asia and EU
October 23, 2020 07:30 PM AEDT| By Edita IvancevicThe futuristic-car maker Tesla (NASDAQ:TSLA) has new plans in mind for the local supply of its vehicles. Tesla CEO Elon Musk introduced a new project for car shipments directly from the Shanghai ‘Gigafactory’. With this move, Mr Musk w.....
Tesla smashes market estimates in Q3; General Motors reveals EV plans
October 23, 2020 06:43 PM AEDT| By Team Kalkine MediaTesla, Inc. came up with another banger in the September quarter show, which was labelled as the ‘best quarter in history’ by Elon Musk. But optimists believe that best is yet to come, at least from new factories in two other continents.....
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Gilead (NASDAQ:GILD) Share Price Moves up after FDA Approves Veklury® (remdesivir)
October 23, 2020 03:59 PM AEDT| By Team Kalkine MediaOn 22 October 2020, the US FDA gave the green light to Gilead’s Veklury® (remdesivir) making the antiviral drug the first officially approved treatment for COVID-19, an infection caused by the novel coronavirus, SARS-CoV-2. The shar.....
Goldman Sachs to Pay US$2 billion over Malaysia’s 1MDB scandal
October 23, 2020 03:02 PM AEDT| By Team Kalkine MediaNew York’s leading global investment bank, Goldman Sachs has agreed to a much-anticipated settlement with the US Justice Department and would pay over US$2 billion for its role in Malaysia’s 1MDB scandal. It would let Goldman Sachs avoi.....
AstraZeneca (LON:AZN) to resume COVID-19 vaccine trial in the US ahead of elections?
October 22, 2020 09:55 PM AEDT| By Team Kalkine MediaAstraZeneca’s COVID-19 clinical trials in the US are anticipated to start again as early as this week after the US Food and Drug Administration (FDA) completed its review of a serious illness, sources told Reuters. As per one of the sou.....
Purdue Pharma reaches US$8 bn settlement, Why did the OxyContin maker plead guilty?
October 22, 2020 06:38 PM AEDT| By Edita IvancevicPurdue Pharma agreed to an A$11.6 billion (US$8 billion) settlement after pleading guilty for uncontrolled selling of its controversial opioid product OxyContin. The active ingredient oxycodone has caused more than 450,000 American deaths since 19.....
A look at Tesla’s Powerwall
October 22, 2020 06:21 PM AEDT| By Edita IvancevicOutmost sustainability is a crucial goal for Tesla and its CEO and co-founder, Elon Musk, who never ceases with inventing new sustainable products. MUST WATCH: Why is Tesla Stock doing so well? As almost every other smart Tesla (NASDAQ:TSLA) inve.....
Netflix Subscription Tepid, Is Binge watching on the wane?
October 22, 2020 03:08 PM AEDT| By Team Kalkine MediaNetflix released dismal earnings report for Q3 2020, falling short on its guidance for earnings per share. Besides, Netflix subscriber growth lowered considerably in the third quarter after its subscription skyrocketed in the first half of the year.....
Coronavirus’ impact on global economy: Are US & China out of the woods?
October 22, 2020 12:12 AM AEDT| By Kunal SawhneyThe Covid-19 pandemic has proliferated with startling pace worldwide. Affecting millions and dragging the global economy to almost a cessation, the pandemic had all the countries imposing strict controls on several movements, to stop the spre.....
Why did WeWork fall?
October 22, 2020 12:10 AM AEDT| By Edita IvancevicEveryone has heard of WeWork at some stage – maybe they applied for jobs, saw their vibrant offices and millennials that work there, or have heard about the WeWork job affair from the end of last year. With almost 800 offices across all cont.....
Why is the Department of Justice filing an antitrust suit against Google?
October 21, 2020 10:09 PM AEDT| By Edita IvancevicAfter years of thorough investigations and one published research held by the House Judiciary Committee, an antitrust suit against Google (NYSE:GOOGL) has come through late at night local time on 19 October. The Department of Justice is currently .....
General Motors Resurrects Hummer As a 350 Miles EV Avatar, Goes Head-on with Tesla’s Cybertruck
October 21, 2020 05:55 PM AEDT| By Team Kalkine MediaGeneral Motors is all set to hit the EV market once again with its recent launch of Hummer EV – a progeny of gas-guzzling military-style SUV that the Company acquired in 1998. General Motors would now bring-in a new prototype of the beast mod.....
NetApp eyes Cloud services, ONTAP Software updated
October 21, 2020 05:00 PM AEDT| By Team Kalkine MediaSummary: NetApp, Inc has announced a further improvement in its cloud-connected NetApp® ONTAP® data management software. The Company also declared a better flexible NetApp Keystone™ Flex Subscription service along with a new NetApp...
How Will Failed International Tax Talks Impact Global Economy?
October 21, 2020 12:11 AM AEDT| By Kunal SawhneyOECD, on 12 October 2020, stated that the global economy could witness a loss of 1% in total output if international tax talks do not take shape immediately. In June 2020, when the US pulled out of global digital tax talks, there were increased con.....
Royal Caribbean International Cancels Sailings Onboard Odyssey of the Seas
October 20, 2020 08:29 PM AEDT| By Team Kalkine MediaTravel has been one of the hardest-hit industries in the wake of coronavirus crisis. With lockdown and travel restrictions implemented everywhere, the travel industry has experienced an unprecedented decline in demand all of a sudden. &nb.....
COVID Vaccine Update: Johnson & Johnson and AstraZeneca Vaccines Hit Roadblock, WHO Flags Remdesivir
October 20, 2020 03:14 PM AEDT| By Team Kalkine MediaNot only unprecedented, the COVID-19 crisis also seems like a never-ending malaise. While the medical world seems to have no answer to the problem, prominent pharma companies across the globe are racing against time to find the best possible vaccin.....
What is QAnon?
October 20, 2020 03:00 PM AEDT| By Edita Ivancevic2020 does not cease to surprise. With popular conspiracy theories such as 5G network causing the coronavirus or that Mr Bill Gates wants to chip the whole world, a new extreme far-right wing theory emerged a couple of months ago. Hardcore organiz.....
Online streaming booming amid pandemic, apple tv giving free services, Netflix increases fees
October 19, 2020 10:21 PM AEDT| By Team Kalkine MediaOne upside of the coronavirus pandemic is that online streaming has become a mainstay in Australian homes. The steep rise in the subscription services shows that Australians are spending more time at home than they did before COVID-19 struck us. Au.....
Carbon Dioxide Emissions off the cliff in 2020, Coronavirus the Climate Change hero!
October 19, 2020 10:05 PM AEDT| By Team Kalkine Media‘Stay home, stay safe’ slogan has become part of our lives now. Little did anyone know that staying indoors would do something to the climate that was always desired but was never anticipated. An international team of climate spec.....
Elections amid the virus crisis - a glance at US and NZ elections
October 18, 2020 12:20 AM AEDT| By Kunal SawhneyThe year has been unique in every sense, with people living 2011 release Contagion, a Virus crisis based Hollywood movie. The point is, the situations are not something that we ever heard from our grandparents' generation. .....
AI on the Rise: A Look at Top AI Companies and Their Stocks