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US stocks close flat on inflation data
July 13, 2021 02:53 PM PDT| By Sanjeeb BaruahUS stocks traded flat on Tuesday, July 13, after the latest government data showed that inflation surged at an annual rate of 5.4% in June, the highest in 13 years, amid a strong economic rebound. The S&P 500 was down 0.35% to 4,369.21. The Dow...
Walmart’s Indian arm raises US$3.6 billion in mega funding round
July 13, 2021 02:02 AM PDT| By Furquan MoharkanSummary Walmart’s India arm raises US$3.6 billion in fresh funding round. The funding pegs the valuation of e-tailer at US$37.6 billion. Another major highlight of the funding round is the re-investment of Japan’s Softbank into the.....
COVID-19 is resurging: How effective can vaccines be?
July 13, 2021 12:34 AM PDT| By Furquan MoharkanSummary The COVID-19 virus is resurging through two new variants. In Australia, the weekly fresh infections have started showing a double-digit surge. Vaccines drastically reduce the impact of the new variants, according to WHO. The COVID.....
APAC markets open in green; China’s trade data in focus
July 12, 2021 09:08 PM PDT| By Furquan MoharkanThe equity markets across the Asia Pacific region on Tuesday consolidated yesterday’s gains, as investors keenly watched out for China’s trade data for the month of June – released today. In Mainland China, the Shanghai composite.....
Branson steals the march on Bezos in billionaires’ space race
July 12, 2021 05:18 PM PDT| By Furquan MoharkanSummary Richard Branson has beaten Jeff Bezos to the punch in billionaires’ space tourism race. With a price tag between US$200,000 to US$250,000 per ticket, an advance sale of about 600 tickets from 60 different countries has already bee.....
US stocks close higher as focus shifts to quarterly earnings
July 12, 2021 02:56 PM PDT| By Sanjeeb BaruahAll major US stock markets closed higher on Monday, July 12, ahead of the quarterly earnings reports and new economic data due to be released this week. The S&P 500 was up 0.35% to 4,384.63. The Dow Jones rose 0.36% to 34,996.18. The NASDAQ Comp...
Hot electric car stocks for 2021
July 12, 2021 02:39 AM PDT| By Team Kalkine MediaSummary The electric vehicle market is expected to see a more extensive progression in 2021, post-pandemic. The strong government support for passenger EV’s and commitments for lower vehicular emissions are behind its rising demand. Almo.....
Which are 10 interesting start-ups in New Zealand?
July 11, 2021 10:15 PM PDT| By Jasmine AnandSummary New Zealand boasts a healthy start-up ecosystem, which facilitates the ease of establishment of new businesses or start-ups in the country. The NZ government encourages new businesses and entrepreneurial ventures to set up their base in.....
APAC markets open in green; investors watchful of COVID-19 scenario
July 11, 2021 05:59 PM PDT| By Furquan MoharkanThe equity markets in the Asia Pacific region seem to have thwarted the bears that gripped the markets on Friday. The regional indices opened in green on Monday morning as investors have started monitoring the COVID-19 situation locally. In Japan,.....
What is ransomware, and how to stop such attacks?
July 11, 2021 05:40 PM PDT| By Sonal SinhaRansomware is an evolving form of malware that encrypts files on the device, making the files and the systems relying on them useless. Once this process is complete, the malicious users ask the owner of the system and files to pay a ransom to decry.....
Will Google’s latest hybrid policies lead to a global employee unrest?
July 11, 2021 04:38 PM PDT| By RomaSummary Discontent amongst Google employees, unfair policies to blame September to mark the commencement of a hybrid working situation Salary cuts and workplace shifting creating chaos in people’s work-life balance In a recent updat.....
Cuba develops homegrown COVID-19 conjugate vaccine
July 11, 2021 04:34 PM PDT| By Tripti JoshiSummary Caribbean nation Cuba is currently working on developing five COVID-19 vaccines, including Abdala and Soberana 2. On Friday, the country authorized Abdala for emergency use. Abdala became the first Latin American vaccine against coronav.....
Elon Musk to defend Tesla’s US$2.6B acquisition of SolarCity on Monday
July 10, 2021 11:40 PM PDT| By Tripti JoshiTesla, Inc. (NASDAQ:TSLA) CEO Elon Musk is expected in court on Monday, 12 July, for defending his role in the Company’s US$2.6 billion acquisition of SolarCity in 2016. If Musk loses the case, he might have to pay US$2+ billion from his weal.....
Another blow for tech players as China stiffens rules on overseas IPOs
July 10, 2021 08:49 PM PDT| By Tripti JoshiSummary China’s internet regulator has planned new cybersecurity review rules for the companies looking for an international listing. With the new rule, companies holding data of over 1 million users must seek cybersecurity approval if th.....
Which are the world’s happiest countries?
July 10, 2021 06:02 PM PDT| By Team Kalkine MediaSummary Countries with smaller populations are happier. The top 20 ranks were almost identical to the previous year. Interestingly, life evaluation scores in the top 10 countries are more than twice those in the bottom 10. Positive emotions ma.....
How have the top 20 banks in the world fared in last one year?
July 10, 2021 08:55 AM PDT| By Furquan MoharkanGlobal banking is at a crossroads – a kind of situation where a prudent investor would think twice before investing in banks owing to the stress in the asset quality down the line. On the other hand, banking stocks promise a great future owing...
Who is Zeng Yuqun? Meet the man who dethroned Jack Ma as China’s richest
July 10, 2021 07:57 AM PDT| By Furquan MoharkanFor a significant period of time, e-tailing behemoth Alibaba Group Holding Ltd’s founder Jack Ma managed to hold on to the crown of Asia’s richest person. However, after the advent of Reliance Jio – the telecom business of Indian bi...
When stress is good for you
July 10, 2021 07:13 AM PDT| By Team Kalkine MediaIs stress all bad? Perhaps not! We feel negative when we hear the word, but studies show that some stress now and then could be good for your health. We feel stressed when challenges are bigger than the resources we have in hand to cope with. Exper...
US markets draw the curtain on a topsy-turvy week with positive note
July 09, 2021 02:06 PM PDT| By Sanjeeb BaruahBenchmark US indices recovered the previous day’s losses to end the week on a high note on Friday, July 9, with the S&P 500 notching another record close amid a grim outlook on the pandemic front. The S&P 500 was up 1.13% to 4,369.55....
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What is the COVID-19 lambda variant, and how fast is it spreading?
July 09, 2021 07:44 AM PDT| By Tripti JoshiSummary The lambda variant of the novel coronavirus originated in Peru, South America, and has spread to 30 countries so far. On 14 June 2021, the WHO had declared the lambda strain as a variant of interest. However, the research is still going.....
