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World news
JPMorgan red-flagged again, coughs up US$250 million as penalty
November 25, 2020 04:26 AM GMT| By Team Kalkine MediaMultinational investment bank and financial services firm JPMorgan Chase & Co agreed on Tuesday to pay a US$250 million fine. One of the US regulators found a "pattern of misconduct" for risk management and other control failings in its wealth .....
Tesla hits an epic milestone; Elon Musk dethrones Bill Gates as the second richest man
November 25, 2020 03:06 AM GMT| By Team Kalkine MediaOn 24 November, Tesla finished the trading day with a market capitalisation of more than USD 500 billion for the first time. As electric vehicle car company's market value crossed the USD 500 billion-mark, Musk's net worth increased by nearly .....
Game over for Trump? Emily Murphy finally gives the green light to Biden’s transition
November 24, 2020 12:07 PM GMT| By Edita IvancevicIt has been almost three weeks since the US got a new president-elect – Democrat Joe Biden. The whole world has followed the elections closely, as a new American president means a big deal for everyone, on various fronts – stock markets.....
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What does the new COVID-19 evidence tell us about the future?
November 24, 2020 10:03 AM GMT| By Edita IvancevicWinter is coming to the northern hemisphere. Usually, individuals get quite excited around the holidays. However, this year Christmas and New Year might not bring the same amount of joy as they used to. Even after the coronavirus’s first bir.....
What Can Be Expected from Nielsen Holdings’ (NYSE: NLSN) Virtual 2020 Investor Day?
November 24, 2020 08:05 AM GMT| By Kunal SawhneyThe global data analytics firm Nielsen Holdings plc (NYSE: NLSN) said it is going to host a virtual 2020 Investor Day on 9 December 2020 to share the company’s current transformation, growth strategy and prospects. The event, which will be hel...
China’s Market Regulator Increases Probe After Sudden Default from State-Backed Coal Miner
November 24, 2020 02:46 AM GMT| By Team Kalkine MediaFollowing payment default from a state-backed coal miner, China’s market regulator, Financial Stability and Development Committee (FSDC) has intensified its investigation into bond sales. The default dragged in several banks, accounting firms.....
WorldRemit hires Paul Vogel of Spotify to its Board
November 23, 2020 09:03 PM GMT| By Team Kalkine MediaDigital remittance industry has been growing and is expected to grow even more in years ahead. The rising smartphone and internet usage, increasing digital-savvy customers going for digital remittances and an increase in payment automation and digi.....
Now AstraZeneca-Oxford University COVID-19 Vaccine Shows High Efficacy
November 23, 2020 09:46 AM GMT| By Kunal SawhneyNovember is proving to be a super month for global stock markets. The COVID-19 vaccine being developed by the Oxford University and British-Swedish biopharmaceutical firm AstraZeneca (NASDAQ:AZN, AZNCF:US) could be about 90 per cent effecti.....
Asia ratchets up fight against COVID-19 as virus cases resurge
November 23, 2020 07:50 AM GMT| By Team Kalkine MediaThe Covid-19 pandemic originated in Asia in Wuhan, China and spread across the world. The first cases of Covid-19 were reported to the WHO on 31 December 2019. These cases reported in Wuhan were the first Covid-19 cases to be reported globally and .....
The US Plans First Vaccinations to Start Before Mid-December, Pfizer-BioNTech Application Under Review
November 23, 2020 06:12 AM GMT| By Team Kalkine MediaAfter the deadly COVID-19 pandemic hit the world, all eyes moved to how soon will there be a vaccine for the fatal virus, SARS-CoV-2. Speculations started building regarding the same, and we are already beyond the initial deadline set for September.....
Trump attempts to reverse the US election result
November 23, 2020 01:11 AM GMT| By Team Kalkine MediaUS Presidential election has been the most controversial election of 2020. The unrest caused by the US elections is still relentless with the defeated President Donald Trump’s continuous attempts to overturn the 3 November outcome. Donald Tr.....
China’s recovery pace rises after reports of positive data for October
November 21, 2020 01:31 PM GMT| By Team Kalkine MediaWhen much of the world is struggling to prevent the shaky rebound from being derailed by new coronavirus outbreaks, China's economy seems to be on its way towards growth. China, the world's second-biggest economy is gradually recovering from the i.....
FCA-PSA Merger: Investors to Meet in January To Approve Transaction
November 21, 2020 12:31 PM GMT| By Kunal SawhneyThe merger process of London-headquartered world’s eighth-largest automaker Fiat Chrysler Automobiles (FCA) and France-based automaker Peugeot SA (PSA) has moved a step forward. Both FCA and PSA have scheduled shareholders' meetings in Januar.....
IMF says global economic recovery may be fading due to second wave of virus
November 20, 2020 10:24 AM GMT| By Hina ChowdharyThe International Monetary Fund has cautioned that the global economic recovery could be losing momentum with resurging infection rate in many nations. In a new report for major G20 countries, IMF highlighted the uneven aspect of the world economi.....
BuzzFeed to Buy HuffPost from Verizon: 10 Highlights
November 20, 2020 08:50 AM GMT| By Kunal SawhneySummary BuzzFeed has agreed to buy HuffPost from from Verizon Communications The size of the deal and price of acquisition has not been disclosed so far HuffPost’s ad inventory sales will continue to be managed by Verizon Media New .....
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Apple reduces its 30% App Store commission for developers
November 20, 2020 03:20 AM GMT| By Team Kalkine MediaApple Inc. has slashed its App store commission fees from 50% to 15% implying that small app developers will now pay in half to Apple. The minimum eligibility requirement for the small developers to get the benefit are those who make less than US$1.....
Why Hyundai-Kia backed Arrival Ltd chose a Nasdaq listing?
November 19, 2020 12:33 PM GMT| By Hina ChowdharyIn order to raise funds, capital markets have always been the favourite spot for most of the companies as it has various channels of capturing a sizable chunk of money through equity and debt offerings. Higher visibility, liquidity, a varied.....
Pfizer-BioNTech Vaccine 95% Effective In Preventing COVID-19, Ready For Regulators
November 18, 2020 02:14 PM GMT| By Team Kalkine MediaPharma giant Pfizer Inc. (NYSE: PFE, PFE:US) Wednesday claimed that its vaccine candidate is 95 per cent effective in preventing COVID-19. The company plans to apply for approval from the US Food and Drug Administration (FDA) for Emergency .....
Here’s why Airbnb is making a splash
November 18, 2020 08:53 AM GMT| By Kunal SawhneyAirbnb is once again stealing the thunder as it is ready to make its debut on the US public markets. The San Francisco-based rental online marketplace is gearing up for the year’s one of the most anticipated Initial Public Offerings (IPO). T.....
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Amazon forays into the pharmacy industry with Prime
November 18, 2020 05:23 AM GMT| By Kunal SawhneyNow Amazon.com will deliver prescriptions at your doorstep. Amazon Pharmacy is a new store on the Amazon website, allowing customers to purchase medication online through the desktop website or Amazon application. This move by the e-commerce giant.....
