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World news
Ukraine crisis: What Western sanctions mean for Russia?
February 22, 2022 04:56 PM GMT| By Sanjeeb BaruahThe United States and its allies are considering a series of sanctions against Moscow in the wake of the Russian annexation of the two “breakaway” regions of Ukraine this week. President Vladimir Putin on Monday ordered troops into Don.....
Apple supplier Luxshare plans to raise US$2.1B for expansion plans
February 22, 2022 07:09 AM GMT| By Bhawna GuptaHighlights Apple supplier Luxshare plans to issue a total of 2.1 billion shares to up to 35 investors. The new share issue is subject to shareholders and regulatory approvals. The company will use the money to manufacture intelligent wearable .....
Crypto firm Amber Group gets a Temasek valuation of US$3B
February 22, 2022 05:22 AM GMT| By Sukriti NairCrypto firm Amber Group has bagged in a valuation of US$3 billion from investment company Temasek. Amber group has raised US$200 million in its recent funding round led by the Singapore based Temasek. Besides Temasek, Sequoia China, Tiger Global Ma.....
US stocks edge lower again on war fears; ROKU, DKNG fall sharply
February 18, 2022 11:43 PM GMT| By Versha JainBenchmark US indices closed the session lower for the second-consecutive day on Friday, February 18, amid Ukraine border tension and weak forecasts by companies. The S&P 500 declined 0.72% to 4,348.87. The Dow Jones fell 0.68% to 34,079.18. The...
Is HyperVerse (HVT) crypto a Ponzi scam?
February 18, 2022 09:12 PM GMT| By Rupam RoyHighlights HyperVerse (HVT) has a circulating supply of 18 million. HVT reached an all-time high of US$7.74 in January 2022. Binance said the HVT token is not listed on its platform for trading or any service. The crypto market is witness.....
What did Charlie Munger say on cryptocurrencies? 5 things to know
February 17, 2022 02:36 PM GMT| By Rupam RoyWhile the cryptocurrency market has many supporters, a few loathed it. Its opponents see many drawbacks in cryptocurrencies, including persistent volatility, and wish they are banned. One such opponent is the billionaire investor and Berkshire Hath.....
US indices close mixed after Fed minutes; ABNB, KHC rise
February 16, 2022 11:58 PM GMT| By Versha JainBenchmark US indices closed mixed on Wednesday, February 16, after Fed minutes gave no clear timeline for a rate hike to curb inflation and tension over Ukraine persisted. The S&P 500 rose 0.09% to 4,475.01. The Dow Jones fell 0.16% to 34,934.27...
Singapore Airlines becomes the first airline to sign the Global SAF Declaration
February 16, 2022 09:44 AM GMT| 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.....
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US stocks break three-day losing streak, RESN, SPCE fly high
February 15, 2022 10:10 PM GMT| By Versha JainBenchmark US indices reversed their three-day losing streak on Tuesday, February 15, after broad gains across sectors amid Russia’s decision to withdraw troops from the Ukraine border. The S&P 500 surged 1.58% to 4,471.07. The Dow Jo...
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US stocks plunge amid Ukraine fears; SU, MRNA among top losers
February 14, 2022 10:16 PM GMT| By Versha JainBenchmark US indices were down for the second consecutive session on Monday, February 14, amid rising Russia-Ukraine tension and lingering fears over Fed’s possible interest rate hikes. The S&P 500 declined 0.38% to 4,401.65. The Dow Jones...
Ford Motor Co (F) mulls setting up EV manufacturing hub in India
February 11, 2022 11:00 PM GMT| 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, .....
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US stocks slip as oil prices rise to 8-year high; KOS, XOM top gainers
February 11, 2022 10:43 PM GMT| By Versha JainBenchmark US indices slipped into the red on Friday, February 11, as oil prices surged to an eight-year high, further adding to the inflationary pressure a day after the crushing CPI data. The S&P 500 fell 1.90% to 4,418.49. The Dow Jones declin...
Uber (UBER) to accept cryptos if exchange costs, climate issues resolve
February 11, 2022 08:56 PM GMT| 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.....
Space storm gobbles up 40 Elon Musk's SpaceX satellites
February 09, 2022 11:28 PM GMT| 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 09:51 AM GMT| 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 08:44 AM GMT| 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.....
US seizes US$4.5 bn in Bitcoin stolen from Bitfinex in 2016
February 09, 2022 03:19 AM GMT| By Team Kalkine MediaThe Justice Department on Tuesday said that it seized more than US$4.5 billion worth of Bitcoins stolen in a hacking attack on a cryptocurrency exchange in 2016. It is the largest cryptocurrency seizure ever made by the Justice Department, it said.....
Amazon hikes base salary for its employees to $350,000
February 08, 2022 09:51 AM GMT| 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.....
Meta (FB) builds shield after avatars ‘harass’ proxies in metaverse
February 07, 2022 11:09 PM GMT| 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 07, 2022 07:35 PM GMT| 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.....
