World news
US indices close mixed, dragged down by technology, healthcare stocks
January 04, 2022 02:05 PM PST| By Versha JainBenchmark US indices closed mixed on Tuesday, January 3, weighed down by technology, healthcare, and consumer discretionary segments after a solid start to the first trading week of 2022. The S&P 500 declined 0.06% to 4,793.54. The Dow Jones ros...
Bill Gates’ TerraPower teams up with Japan to build N-reactor in US
January 04, 2022 01:18 PM PST| By Sanjeeb BaruahHighlights Bill Gates co-founded the startup to revolutionize nuclear reactor designs. The US government would bear half the cost of the plant set to open by 2028. TerraPower was soon expected to sign a formal agreement with the Japan Atomic.....
“50 Cognitive Biases” for the young: Elon Musk
January 04, 2022 12:56 AM PST| By Aditi SahaWhat is a mind? Scientists are still working to decipher the enigma of the human conscious and subconscious mind. Suppose you ask what the most intricate organ of the human body is. In that case, it is without a doubt the human brain, which can tran...
Theranos founder Elizabeth Holmes guilty of criminal fraud
January 04, 2022 12:27 AM PST| By Sukriti NairElizabeth Holmes, the 37-year-old founder of Theranos, is now a convicted fraudster. The famous youngest female billionaire of America, Holmes was found guilty in four of eleven fraud accusations by the federal court. As a result, her health startu.....
Evergrande shares suspended from trading in Hong Kong: What we need to know
January 03, 2022 11:10 PM PST| By Team Kalkine MediaChinese real estate giant Evergrande suspended the trading of its shares on the Hong Kong stock exchange on Monday (January 3). In a release to the Hong Kong stock exchange, the debt-laden company said the trading suspension was pending the release.....
Six economic factors to keep an eye on in 2022
January 03, 2022 10:35 PM PST| By Akanksha VashishtHighlights Experts are slightly less fearful of the potential impact of the pandemic on the economy, even as the new Omicron variant lurks in the background. Savings are expected to steer the economy in the coming year while inflationary .....
Five work-life resolutions to swear by for a Zen-like 2022
January 03, 2022 10:23 PM PST| By Supriya KumariLiving through the pandemic has felt a lot like going to a war – and, for better or worse, the world will never be the same again. The last two years have reeled in almost a decade’s worth of change, courtesy COVID-19. Almost like a ruth...
Will Metaverse change the travel industry in 2022?
January 03, 2022 07:59 PM PST| By Toshiva JainThe world is transforming at a fast pace. The work culture, social gatherings, business trips, everything has drastically changed; thanks to the COVID-19 pandemic. Humans are in the process of building a great civilisation and in this journey, the .....
Apple becomes first company to top US$3 trillion in market value
January 03, 2022 04:58 PM PST| By Sanjeeb BaruahHighlights Apple recently pledged to keep launching new products, from laptops to iPhones, as it steps into the new year while it explores new areas like automated cars and virtual reality. The Apple stock’s record intraday high of US$182.....
Tesla delivers close to 1 million vehicles in 2021, led by Model 3 & Y
January 03, 2022 03:37 PM PST| By Sanjeeb BaruahHighlights Tesla Inc (TSLA) delivered 936,172 vehicles last year, up from 499,550 vehicles delivered in 2020, or an 87% increase YoY. In the fourth quarter of 2021, it delivered 308,600 cars compared to 241,300 in the previous quarter, the comp.....
US markets close higher as Apple Inc briefly crosses US$3-trillion mark
January 03, 2022 02:58 PM PST| By Versha JainBenchmark US indices closed higher on the first trading day of the new year on Monday, January 3, lifted by energy and consumer discretionary stocks. The S&P 500 rose 0.64% to 4,796.56. The Dow Jones gained 0.68% to 36,585.06. The NASDAQ Composi...
Apple’s new products in 2022 – from Mac Pros, iPhone 14 to VR headset
January 03, 2022 08:49 AM PST| By Sanjeeb BaruahApple Inc has lined up a series of exciting products, from Mac Pros, iPad Pros to VR/AR headsets, for 2022 launch after limited product launches and modest success last year. Apple’s 2022 line-up includes the powerful new Mac and iPad Pros, .....
Apple vs Meta
December 30, 2021 06:02 PM PST| By Daniel Paul JohnsHighlights Apple have incentivised their top engineers in silicon design, hardware and software by offering them restricted stock units While Meta has nabbed some one hundred employees directly from Apple, Apple have also enticed several Meta e.....
US stocks retreat after jobless claims data
December 30, 2021 02:46 PM PST| By Versha JainBenchmark US indices closed in the red on Thursday, December 30, after the latest labor data showed the first-time unemployment benefits claims declined last week. The S&P 500 declined 0.30% to 4,778.73. The Dow Jones fell 0.25% to 36,398...
Tesla recalls over 475,000 vehicles in US - know why
December 30, 2021 12:13 PM PST| By Rupam RoyHighlights Tesla plans to recall more than 475,000 Model 3 and Model S vehicles in the US. The company said it would recall more than 356,000 Model 3 cars and over 119,000 Model S vehicles due to technical defects. The company said it will fix.....
Elon Musk quotes William Shakespeare when asked about Bitcoin’s creator
December 30, 2021 10:00 AM PST| By Priyanka PayalHighlights Elon Musk stated that he agrees with the widespread belief that cryptocurrency expert Nick Szabo, the man behind Bitgold, might be Satoshi Nakamoto, the mysterious creator of bitcoin. In the year 2014, few linguistic researchers care.....
Russia says its Nord Stream 2 pipelines will stabilise gas prices
December 30, 2021 05:21 AM PST| By Priyanka PayalHighlights Russia says that its Nord Stream 2 pipelines are on track with the completion of filling the second pipe with gas. It is alleged that the project is not complying with European law. The Nord Stream 2 gas pipeline is seen as a danger.....
What is Elon Musk's plan for paying A$11 billion in taxes?
December 30, 2021 02:55 AM PST| By Aditi SahaHighlights Elon Musk, world's richest person with a fortune estimated at US$243 billion, recently tweeted that he will pay US$11 billion in taxes this year. Musk's tax declaration came after a series of spats with Democratic lawmakers, no.....
Thousands of flights cancelled globally as omicron spreads its tentacles
December 29, 2021 09:52 PM PST| By Toshiva JainHighlights As Christmas hit, thousands of flights have been cancelled globally. Because of the sudden surge in the COVID-19 cases globally, inflicted by the new variant: Omicron, the aviation industry is facing a workforce shortage. Various US.....
Wary of blackouts, Iran shuts down crypto-mining centers
December 29, 2021 03:29 PM PST| By Sanjeeb BaruahHighlights Mostafa Rajabi Mashhadi, director of the state-run Iran Grid Management Co., said the latest measure is part of efforts to avoid power shortages and blackouts during winter. Besides the crypto ban, the government is also promoting fu.....