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World news
Trump’s Truth app tops Apple (AAPL) store downloads; Can it rival FB?
February 23, 2022 07:48 AM AEDT| By Versha JainTruth Social app, launched by ex-president Donald Trump-led Trump Media & Technology Group (TMTG), was downloaded around 170,000 times since its launch on the Apple Inc (AAPL) store app on Sunday evening. Although Trump’s clash with Face.....
World Environment Center Elects 2022 Board Officers
February 23, 2022 06:30 AM AEDT| By 3BLFebruary 22, 2022 /3BL Media/ - The World Environment Center (WEC) Board of Directors has elected new Officers to lead the organization in 2022. The Board thanks its outgoing Chair, Scott Tew, VP Sust...
Ukraine crisis: What Western sanctions mean for Russia?
February 23, 2022 03:56 AM AEDT| 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 06:09 PM AEDT| 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 04:22 PM AEDT| 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.....
Tech sector gyrates between gains and losses as FB, GOOGl face heat
February 17, 2022 07:32 AM AEDT| By Rupam RoyThe US technology sector swung between gains and losses as various issues bogged down the industry. Besides global supply woes, the heavyweights in the industry face an increasing regulatory heat that could potentially reshape their processes and e.....
Singapore Airlines becomes the first airline to sign the Global SAF Declaration
February 16, 2022 08:44 PM AEDT| 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.....
What does NZ’s AI-tech start-up Soul Machines want to do with latest funding?
February 15, 2022 07:56 PM AEDT| By SonalHighlights Soul Machines raised US$70 million in Series B1 financing on Monday. SoftBank Vision Fund 2 was the lead investor, with fresh investors joining in as well. New investment will help the company in pursuing deeper research into replic.....
On 20th anniversary, PayPal (PYPL) caps era of growth, sets new goals
February 15, 2022 11:38 AM AEDT| By Rupam RoyPayPal Holdings, Inc. (NASDAQ: PYPL), which marks its 20th anniversary on Tuesday, has benefited from the increased digitalization. The demand for digital payment services, accelerated by the rapid growth of eCommerce, helped the company expand its.....
AMD finalizes US$50-billion Xilinx purchase in industry’s biggest deal
February 15, 2022 08:16 AM AEDT| By Sanjeeb BaruahHighlights AMD had announced the deal with Xilinx Inc (XLNX) in October 2020. At the time, the chip manufacturer was valued at US$35 billion. But the XLNX stock’s price gains have pushed the valuation higher. In what is being call.....
WEC President & CEO Glenn Prickett Interview With Peter Schnurrenberger, Chief SHE Officer at Roche
February 15, 2022 06:30 AM AEDT| By 3BLFebruary 14, 2022 /3BL Media/ - WEC President & CEO Glenn Prickett spoke with Peter Schnurrenberger, Chief SHE Officer at Roche, on the eve of his retirement to discuss his work at Roche and his v...
Ford Motor Co (F) mulls setting up EV manufacturing hub in India
February 12, 2022 10:00 AM AEDT| 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, .....
Uber (UBER) to accept cryptos if exchange costs, climate issues resolve
February 12, 2022 07:56 AM AEDT| 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.....
Rapper Drake places US$1.26-mn bet in Bitcoin on Super Bowl LVI game
February 12, 2022 12:00 AM AEDT| By Rupam RoyAs Americans gear up for one of the country's biggest sports extravaganzas, Canadian rapper Drake said in an Instagram post that he placed over US$1.26 million bets in Bitcoin (BTC) on Los Angeles Rams that will play against Cincinnati Bengals in S.....
Communicating On Purpose: How to Generate and Talk About Enduring Social Impact
February 11, 2022 07:00 AM AEDT| By 3BLNot too long ago, I was approached by a major company eager to build its reputation as one of the “good guys.” Their CEO didn’t top noteworthy lists of admired leaders, and few knew...
Space storm gobbles up 40 Elon Musk's SpaceX satellites
February 10, 2022 10:28 AM AEDT| 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 08:51 PM AEDT| 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 07:44 PM AEDT| 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.....
Ford Motor (F) starts shipping E-Transit vans in US as orders flood in
February 09, 2022 11:38 AM AEDT| By Versha JainHighlights Ford Motor Company (F) starts shipping its E-Transit commercial vans across the US. The company has already received 10,000 orders from 300 customers for the vans. Ford’s Kansas City plant will assemble all electric ve.....
Aluminum’s record high price means a windfall for stocks?
February 09, 2022 11:29 AM AEDT| By Rupam RoyHighlights Aluminum price hit a 13-year high of US$3,235 on Tuesday. Leading aluminum producer Slovalco cut its output by around 60%. Aluminum stocks in LME-registered warehouses fell to their lowest level since 2007. Aluminum prices hit .....
