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Ten Republican US states drag Google to court for its monopoly over ad business
December 18, 2020 03:58 PM AEDT| By Edita IvancevicTen attorneys general in the US opened another antitrust lawsuit against the search engine giant Google on Thursday. The Republican-led group of attorneys accused the multibillion-dollar company of showing monopoly behaviour in online advertisemen.....
Bitcoin surged to an all-time high of US$23,700, High traffic crashed exchanges
December 18, 2020 01:26 PM AEDT| By Team Kalkine MediaOn 16 December 2020, Bitcoin rose to the record high of US$21,569, surpassing the much-awaited level of US$20,000 for the first time in its history. However, the rally didn’t stop there and continued all the way to US$23,776 as of 17 December.....
FTSE 250 Index Edged Higher by 0.99%; Gold and Crude Oil Prices Traded Higher
December 18, 2020 04:47 AM AEDT| By Team Kalkine MediaUS Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 14.97 points or 0.40 per cent higher at 3,716.14, Dow Jones Industrial Average Index surged by 119.77 points or 0.40 per cent higher at 30,2...
5G and Blockchain: Paving Way For Crypto Mining
December 18, 2020 03:55 AM AEDT| By Team Kalkine Mediacy mining. In 2020, the world witnessed bitcoin breach unprecedented levels. The cryptocurrency crossed US$ 23000 for the first time in history in a dizzyingly rally on December 17. Ethereum, the second-largest cryptocurrency tha...
British American Tobacco (LON: BATS) can now test Covid vaccine on humans
December 18, 2020 02:01 AM AEDT| By Team Kalkine MediaBritish American Tobacco has been given the go-ahead to test the Covid vaccine testing on humans in the US. The US Food & Drug Administration has allowed the company to start its clinical study with adult volunteers. BAT has prev...
Boohoo (LON: BOO) owner Mahmud Kamani says he can move business offshore
December 18, 2020 01:59 AM AEDT| By Team Kalkine MediaBoohoo owner Mahmud Kamani told the MPs that he is feeling punished for not taking more business out of the UK. Kamani was speaking before the environment audit committee, which is probing into its business practices. The company has been...
Manchester's Trafford Centre taken over by CPPIB
December 18, 2020 01:58 AM AEDT| By Team Kalkine MediaOne of the UK’s biggest shopping malls, the Trafford Centre in Manchester has been taken over by its lenders after its management failed to sell it. The mall was owned by Intu Properties, which has gone into administration in June this...
House Prices in the UK Reach Record High in October
December 18, 2020 01:12 AM AEDT| By Hina ChowdharyThe house prices in the United Kingdom have hit a record high in 2020, according to the latest ONS data. The prices have risen by 5.4 per cent, reaching an average of £245,000 in October, which is highest since October 2016. The stamp duty s.....
Bitcoin hits fresh all-time high, pips $23,000 for the first time in history
December 18, 2020 12:42 AM AEDT| By Team Kalkine MediaSummary Bitcoin has hit a fresh all-time high over $23,000. In the last 24 hours, the crypto asset has leapfrogged 3,000-mark levels and is nearing $24,000 According to the data available with Binance, Bitcoin has gained over 170 per cent in t.....
US treasury department accuses Vietnam of currency manipulation
December 17, 2020 11:08 PM AEDT| By Hina ChowdharyThe US treasury department has accused Vietnam of manipulating the foreign exchange markets to gain an advantage to its exports. In its semi-annual currency manipulation report, the department has said that it suspects Vietnam of taking measures to.....
Lloyd’s to stop new insurance cover for fossil fuel projects
December 17, 2020 10:02 PM AEDT| By Team Kalkine MediaWorld’s biggest insurance market Lloyd's of London, in its first sustainability report, said that it will not provide new insurance cover for coal, oil sands and Arctic energy projects from January 2022 and will ask its members to end underwr.....
Freedom Foods (ASX: FNP) Hives Off Snacks and Cereals Business to Arnott’s Group
December 17, 2020 09:16 PM AEDT| By Team Kalkine MediaIn a move to boost profitability, leading Australia-based food & beverage group Freedom Foods Group Limited (ASX: FNP) is hiving off its Snacks and Cereals division for around $20 million to private equity giant KKR-backed Arnott’s Group......
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Meet Katherine Tai, Biden’s pick for top trade diplomat
December 17, 2020 07:16 PM AEDT| By Edita IvancevicAfter the electoral college officially confirmed Joe Biden as the 46th American President, Mr Biden nominated Katherine Tai to be the next Trade Representative for the US on 10 December. However, the final decision is yet to be verified by the US .....
UK and US in talks over a trade deal
December 17, 2020 06:57 PM AEDT| By Hina ChowdharyRobert Lighthizer, US trade representative said that the UK and the US are in talks to lower tariffs and work out a mini-trade deal. The deal is likely to see Britain lower tariffs over subsidy for aerospace businesses. America also wants i.....
Will US End the Shale Boom that Brought Energy Independence?
December 17, 2020 06:42 PM AEDT| By Kunal SawhneyUS Energy Secretary Dan Brouillette has hinted towards an aggressive climate policy by the government. He has stated that ESG movements are growing strong and can push the Congress for a change in policy in shale oil. During the Shale Insight Conf.....
What are the most trustworthy COVID-19 websites?
December 17, 2020 05:40 PM AEDT| By Edita IvancevicThe coronavirus pandemic, besides having unleashed the worst health crisis in a century, also went on to prove how powerful media and fake news could be. False information regarding the novel coronavirus began to spread like wildfires, forcing Twi.....
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Coronavirus rescue package on cards in US, markets cheer
December 17, 2020 04:41 PM AEDT| By Kunal SawhneyU.S. congressional leaders announced on Wednesday that they are working towards bringing a stimulus package of $900 billion. The COVID-19 aid bill will come as a massive relief for the Americans struggling for help. The deadline to close the negoti.....
US Fed Continues to Pump Money, Nasdaq Contours New ATH
December 17, 2020 03:04 PM AEDT| By Kunal SawhneyThe US stock market has once again ended at a record high on 16 December 2020, with S&P 500 and Nasdaq 100 both hitting their previous record highs while Nasdaq 100 even establishing a new record of 12,698.11 (intraday high). One of the primary...
Iron Ore Prices Beat Estimates, shoot to 9-Year High
December 17, 2020 02:32 PM AEDT| By Hina ChowdharyIron ore prices are moving against the projections of the world’s largest producer and exporter. The September 2020 edition of the Resources and Energy Quarterly had forecast the price of iron ore to remain at around US$100 per tonne during Q.....
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Silver Spot Price and Sentiment Data Diverges, What Does it Mean for the Precious Metal?
December 17, 2020 01:50 PM AEDT| By Kunal SawhneySilver spot prices are consolidating after correcting from the recent peak of USD 29.863 per ounce (intraday high on 7 August 2020). The current range for the spot is between USD 24.800 to USD 24.100, and the range seems to be shrinking as compared t...
AI on the Rise: A Look at Top AI Companies and Their Stocks