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Ørsted A/S to Divest 50 Per Cent Stake in Its Taiwanese Offshore Wind Farm
December 29, 2020 12:24 PM GMT| By Kunal SawhneyDenmark-based power company Ørsted A/S has decided to sell a 50 per cent stake in its 605MW Greater Changhua 1 offshore wind farm in Taiwan, to a group consisting of global investor Caisse de Depot et Placement du Québec (CDPQ) and pr.....
SAP SE to Make Its Subsidiary Qualtrics International Go Public
December 29, 2020 08:27 AM GMT| By Hina ChowdharyIn a move to boost its business, German software company SAP SE said it is going to take its US-based subsidiary Qualtrics International Inc. for listing in stock markets. SAP SE said the public listing of Qualtrics is expected to put the valuatio.....
House gives the green signal to USD 2,000 stimulus check. Will it cross the Senate’s hurdle?
December 29, 2020 04:25 AM GMT| By Team Kalkine MediaOn 28 December 2020, the House voted in favour of an increase in the stimulus checks from USD 600 to USD 2,000. Two hundred and seventy-five members voted in approval of the bill, whereas 134 voted against it. Despite being cleared by the House of .....
How can technology help tackle the burgeoning mental health crisis?
December 27, 2020 01:16 PM GMT| By Team Kalkine MediaThe year 2020 has been a difficult one for people across the world. With the pandemic spewing hellfire globally and stringent lockdowns in place, many people started facing mental health issues. Being locked away at home, people were under stress .....
Is the UK finding hard to revive from the hard blow of COVID-19’s new variant?
December 26, 2020 01:50 PM GMT| By Kunal SawhneyThe concern around a metamorphosed and high-speed moving variant of coronavirus in the UK has triggered a worldwide travel turmoil of late and has prompted several countries to impose to-and-fro travel restriction for the UK flights. Casting or mode...
Apple autonomous car to be a reality by 2024?
December 25, 2020 01:04 PM GMT| By Team Kalkine MediaTechnology giant Apple Inc is thinking of adding its own lustre to an already illustrious electric vehicle market. If reports are to be believed, Apple is planning to launch a passenger vehicle in 2024. The tech behemoth has set its eyes on building...
Alibaba’s Shares Drop as Chinese Regulators Launch Investigation into Its Market Practices
December 24, 2020 10:45 AM GMT| By Kunal SawhneyChina’s market regulator State Administration for Market Regulation (SAMR) said that they have rolled out an antitrust investigation into the e-commerce giant Alibaba Group Holding Ltd for its trade practice. Reports said that Alibaba has bee.....
Anheuser-Busch InBev SA/NV enters a strategic partnership with Apollo-Led Consortium
December 24, 2020 08:19 AM GMT| By Hina ChowdharyLeading global alternative investment manager with assets under management of approximately $433 billion Apollo Global Management Inc (NYSE: APO) and a group of institutional investors have made a strategic decision to acquire a 49.9 per cent stake.....
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Why did China start investigating into Alibaba on monopolistic behaviour?
December 24, 2020 06:52 AM GMT| By Hina ChowdharyChinese regulators have launched an antitrust investigation into Alibaba Group and will meet Ant Group, the tech giant affiliate, in the upcoming period. Alibaba Group is the largest e-commerce player across the globe by total sales volume. .....
Google Partners with Aramco to Tap Saudi Cloud Market
December 24, 2020 02:43 AM GMT| By Hina ChowdharyGoogle and Saudi Aramco have joined hands to add the Kingdom to the global network of Google Cloud Platform. Under the deal, the technology giant would start selling its cloud computing services to the Saudi market through state-owned oil behemoth Ar...
Did Apple Missed the Fortune by Refusing To Meet Musk When He Wanted To Sell Tesla (NASDAQ: TSLA)?
December 23, 2020 11:41 AM GMT| By Kunal SawhneyIt was the darkest days for Elon Musk, and he had no options but to sell his company. But he could not as Apple Inc CEO didn’t have the time. Musk, the CEO of California-based electric vehicle and clean energy company Tesla Inc (NASDAQ: TSLA).....
SoftBank Group floats blank check company for special acquisition
December 23, 2020 09:47 AM GMT| By Kunal SawhneySoftBank Group Corporation has recently filed an application to float a blank check company with which it is expecting to raise an amount equivalent to $525 million. The fundraising via the blank check company may rise to $603 million if the underw.....
Trump calls the ‘Covid stimulus package’ a disgrace, threatens not to sign it
December 23, 2020 06:45 AM GMT| By Team Kalkine MediaThe US President Donald Trump rejected the $900 billion coronavirus support package which was approved by a majority by leaders of both chambers of Congress. The aid includes desperately needed funds for the US citizens, but Trump wants the size of.....
Apple on the road? Tech giant eyes car production by 2024
December 23, 2020 02:43 AM GMT| By Edita Ivancevicby anonymous Apple employees, as Apple refused to comment on future arrangements. Tech behemoth Apple Inc. is now planning to sink its teeth into car production. The firm aims to dabble in self-driving car technology and develop a passenger veh....
WHO calls for a meeting to discuss new coronavirus variant and its spread
December 22, 2020 03:25 PM GMT| By Team Kalkine MediaThe World Health Organization (WHO) is all set to hold a meeting of its members to discuss the next steps that will help in countering the new coronavirus strain that has emerged in Britain last week, said Hans Kluge, Regional Director of WHO. The .....
US Congress Brings in Tighter Rules for Approving Jetliner Designs
December 22, 2020 08:22 AM GMT| By Kunal SawhneyThe US Congress, in its year-end federal omnibus spending bill has incorporated significantly tighter rules for accepting jetliner designs after two fatal Boeing 737 MAX jet crashes in 2018 and 2019. The bill is expected to transform the way the Fe.....
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The Pfizer-Biontech Vaccine Gets EU Regulator’s Approval
December 22, 2020 07:04 AM GMT| By Team Kalkine MediaThe coronavirus vaccine developed by Pfizer-BioNTech, which has already received regulatory authorisation for emergency use in at least 15 countries, including in Britain, Canada, and the United States, has been given conditional approval by the Eu.....
Is Coronavirus Mutation Slower than Seasonal Influenza?
December 22, 2020 06:06 AM GMT| By Kunal SawhneyUK officials have observed a new mutation of the coronavirus that is spreading rapidly and highlight that it is highly transmissible. Several countries across the globe are imposing lockdown and travel restriction to avoid the spread of the new, co.....
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Allergic Reactions to Pfizer’s COVID-19 Vaccine Under FDA Scanner
December 22, 2020 03:48 AM GMT| By Hina ChowdharyThe US Food and Drug Administration (FDA) has initiated an investigation into the allergic reactions caused by Pfizer-BioNTech COVID-19 vaccination. The probe comes after people in various US states reported allergic reactions to the vaccine. Im.....
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China Shudders as Aussie Coal Boycott Causes Power Shortage
December 22, 2020 03:19 AM GMT| By Team Kalkine MediaPower outages, which were thought to be a thing of the past, have recently made a comeback, becoming the new normal in China. The residents of the Hunan and Zhejiang provinces have criticised the issue highly, with the Chinese social media platform.....
