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Now Sony to acquire gaming company Bungie for US$3.6 billion
January 31, 2022 02:44 PM PST| By Rupam RoySony Interactive Entertainment, a subsidiary of Sony Group Corporation, plans to purchase the privately-held gaming company Bungie for US$3.6 billion. Bungie had spun off from Microsoft in 2007. The software giant had acquired Bungie in 2000. The .....
US stocks rise, capping the month on positive note
January 31, 2022 02:12 PM PST| By Team Kalkine MediaBenchmark US indices closed higher on Monday, January 31, after a shaky start to the session as technology, consumer discretionary, and communication services sectors led gains. The S&P 500 rose 1.89% to 4,515.52. The Dow Jones gained 1.17% to 3...
Is taking salary in bitcoin becoming a new trend?
January 31, 2022 08:05 AM PST| By Farzan MoharkanHighlights Many politicians and celebs recently announced their plan to take salaries in bitcoin and other cryptocurrencies. Belgian lawmaker Christophe De Beukelaer said he would be the first in Europe to take salary in bitcoin. Last year, in.....
Everything you need to know about Winter Olympics 2022
January 31, 2022 01:29 AM PST| By Toshiva JainThe Winter Olympics 2022 is set to take place in Beijing this year. The sports gala begins on February 4 and will end on February 20. As the date of the long-awaited winter sports matches comes closer, there is a list of questions the world citizen.....
SEC gives nod to new US stock exchange with blockchain feed
January 28, 2022 05:00 PM PST| By Sanjeeb BaruahHighlights BSTX would initially allow securities trading, such as stocks and ETFs, which are first listed on the exchange but tradable on rival bourses. BSTX will finally evolve into a crypto exchange like Coinbase, different from Nasdaq or NYS.....
US stocks close strong after Apple results
January 28, 2022 02:54 PM PST| By Versha JainBenchmark US indices closed higher on Friday, January 28, after Apple Inc and Visa Inc posted strong quarterly results the day before. The S&P 500 rose 2.43% to 4,431.85. The Dow Jones gained 1.65% to 34,725.47. The NASDAQ Composite was up 3.13%...
Omicron won’t be the last, next variant will be more virulent: WHO
January 28, 2022 06:14 AM PST| By Sanjeeb BaruahThe World Health Organization (WHO) has warned that more coronavirus variants lay in wait, stressing the importance of following covid guidelines, including social distancing and wearing masks. In a Q&A session, WHO’s technical head Mari.....
Why are businesses moving out of Myanmar?
January 28, 2022 06:10 AM PST| By Toshiva JainSince February 2021, a lot has been happening in Myanmar. As the world collectively fights the Covid-19 pandemic, this third world country has another life-threatening war going on. Last year, in February, the military took over the country in its .....
Keppel posts ‘highest in six years’ profit of SG$1.02 billion
January 28, 2022 02:37 AM PST| By Priyanka PayalHighlights Keppel Corporation posts a net profit of SG$1.02 billion for the entire year ended 31 December 2021. The conglomerate has proposed a final cash dividend of 21.0 cents per share. Keppel’s announcement also includes a share-buyb.....
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US stocks fall after GDP data
January 27, 2022 02:31 PM PST| By Versha JainBenchmark US indices closed lower on Thursday, January 27, after the latest economic data showed GDP grew by 6.9% in the fourth quarter of 2021, the fastest growth rate in decades. The trading session remained volatile marked by investors’ anx...
Australia offers LNG to Europe as Ukraine crisis raises supply worries
January 27, 2022 08:21 AM PST| By Farzan MoharkanHighlights As tension continues to rise between Europe and Russia over the Ukraine standoff, concerns are growing over the potential impact on energy supply. British PM Boris Johnson said the UK is working closely with President Joe Biden and o.....
Zuckerberg’s crypto ambitions fall apart as Meta considers selling off Diem
January 27, 2022 08:16 AM PST| By Shivani JoshiHighlights Facebook and 20 partner organizations formally joined the digital currency project during a meeting in Geneva in October 2019. Zuckerberg was summoned by the Federal Reserve to speak for the project and defend it in the light o.....
New Apple service to let businesses accept payment directly on phone
January 27, 2022 06:37 AM PST| By Farzan MoharkanHighlights Currently, merchants must use the payment terminals that plugin or communicate with the phone via Bluetooth to accept payment on the iPhone. Apple has also been working on a “buy now pay later” service. With the launch .....
Bentley all set to go electric!
January 27, 2022 01:45 AM PST| By Sonal GoyalHighlights Bentley Motors has reaffirmed that by 2050, the company will go completely electric. Bentley will be launching five EVs staring in 2025. The company will be investing around 2.5 billion pounds over the next decade for the “gam.....
Japan’s Panasonic to invest US$700 mn for Tesla battery production
January 25, 2022 06:00 PM PST| By Versha JainHighlights Panasonic will produce next-gen lithium-ion batteries for Tesla from 2023. The Panasonic (OTC: PCRFY) stock was trading at around US$11.3 on Monday. Tesla, Inc. (NASDAQ: TSLA) stock was priced at around US$877. Japa.....
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US stocks close lower after volatile session
January 25, 2022 02:18 PM PST| By Team Kalkine MediaBenchmark US indices closed in the red on Tuesday, January 25, amid a volatile session and as the Federal Reserve began its two-day monthly monetary policy meeting. The S&P 500 fell 1.22% to 4,356.45. The Dow Jones decreased 0.19% to 34,297.73....
A journey into the future: How the world may look like in 2050
January 24, 2022 06:07 PM PST| By Aditi SahaHighlights Over the next few years, the number of smart cities around the world is predicted to explode. By 2050, smart cities will be home to 70% of the world's population. City: 2050 will be modernised, technologically advanced, and will mak.....
US stocks close higher ahead of Fed meeting
January 24, 2022 01:39 PM PST| By Versha JainBenchmark US indices closed higher on Monday, January 24, as investors appeared more confident about the economy ahead of the Fed’s two-day monthly meeting starting tomorrow. The S&P 500 surged 0.28% to 4,410.13. The Dow Jones increased 0...
Reliance Industries (RIL) crafts roadmap for Indian EV market
January 24, 2022 10:06 AM PST| By Farzan MoharkanHighlights On Dec 31, 2021, Reliance Industries Ltd announced the acquisition of British battery manufacturer Faradion for 100 million pounds. Faradion, one of the leading global battery companies known for its sodium-ion battery technology, i.....
In tit-for-tat move, US suspends 4 Chinese airlines in Omicron row
January 21, 2022 03:03 PM PST| By Versha JainThe US on Friday said it would suspend 44 China-bound flights from the US by Chinese carriers after Beijing suspended several American carriers over Omicron concerns. The US Transportation Department said it is suspending China-bound fligh.....
