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Third shot of COVID-19 vaccine: Pfizer to seek US authorization
July 09, 2021 01:15 AM PDT| By Tripti JoshiSummary Researchers are investigating the third dose of the COVID-19 vaccine to provide better protection against the emerging variants of the coronavirus. Pfizer disclosed that the Company would seek US authorization for a third dose of its CO.....
Why APAC indices are in choppy waters today
July 08, 2021 10:50 PM PDT| By Furquan MoharkanThe benchmark indices of equities across the Asia Pacific (APAC) region slumped on Friday following an overnight sell-off on Wall Street. But in the APAC region, COVID-19 seems to be resurfacing, leading to a panic sell-off across the region. Morgan...
Know the 10 biggest retail companies around the world in 2021
July 08, 2021 10:41 PM PDT| By ManikaThe year 2020 was the best and the worst year for the retail sector. It was the best year as shoppers who were working from home had a new set of needs, especially the need for online shopping. Retailers had to reinvent themselves to develop online.....
No spectators at Tokyo Olympics as COVID-19 is rearing its ugly head again
July 08, 2021 09:42 PM PDT| By Furquan MoharkanLast year, when the Tokyo Organising Committee (TOCOG) and the International Olympic Committee (IOC), despite their initial resentment, postponed the Tokyo Summer Olympics 2020 to a rescheduled date “beyond 2020 but not later than summer 2021&r...
Where do major auto companies get their lithium from?
July 08, 2021 09:39 PM PDT| By Team Kalkine MediaThe demand for lithium is heating up, sparking concerns about tight supplies of the metal. Lithium is the main component of chargeable batteries, which are crucial for the electric vehicle (EV) revolution. The prices of lithium carbonate recently .....
QUAD needs to think economics. Here is why
July 08, 2021 08:29 PM PDT| By Furquan MoharkanAs the world is trying to battle its way out of the COVID-19 pandemic, the skepticism towards China has multiplied manifold in the past one and half year. Whether this skepticism is diplomatically right or wrong, is a question of debate. Many have a...
Wall Street stocks retreat on economic concerns
July 08, 2021 02:46 PM PDT| By Sanjeeb BaruahAll major US stock markets closed their sessions in red on Thursday, July 8, as a continued demand and supply imbalance raised concerns about the health of the American economy, and investors pulled back from risky bets. The S&P 500 was down 0.8...
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Which were the hottest global tech IPOs in 2021?
July 08, 2021 02:03 AM PDT| By SonalCompanies are compelled to employ technology to rethink virtually every aspect of their business as a result of the COVID-19 outbreak. The adoption of digital technologies has sped up with changes in the ways businesses operate. Subsequently, funding...
Which are the hottest names in the crypto space this year?
July 07, 2021 11:33 PM PDT| By Furquan MoharkanCryptocurrencies have been selling like hot cakes this year. It has been one of the most talked-about asset classes, of late. From Tesla Inc (NASDAQ:TSLA) CEO Elon Musk-backed rally of the meme cryptocurrency – Dogecoin, to the controversy surr...
What’s fuelling the global microchip shortage and what are its ramifications?
July 07, 2021 08:20 PM PDT| By Team Kalkine MediaSummary Microchips are used in almost all electronic devices, automobiles, and portable products. The demand for microchips has surged to record high levels. Chip shortage is one of the main reasons for the delay in the deliveries of vehicles .....
Resignations galore as India’s Modi rejigs Cabinet
July 07, 2021 06:26 PM PDT| By Furquan MoharkanAs many as 13 ministers of the current Indian government resigned on Wednesday, as the country’s Prime Minister Narendra Modi went for a reshuffle of his cabinet – a move which many see as a bid to set the house in order with an eye on up...
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US markets edge higher, lifted by real estate, healthcare stocks
July 07, 2021 02:55 PM PDT| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, July 7, pulled up by gains in real estate and healthcare stocks after the Fed held its first discussion on the bond purchase, accepting that inflation has been a cause of worry but deciding to keep the...
Wise to go public via direct listing: All you need to know about the process
July 07, 2021 02:03 AM PDT| By Furquan MoharkanOn 2 July 2021, the UK-based fintech company Wise PLC approved the plan to get listed on 7 July 2021. The company’s prospectus said, “Application has been made to the FCA for all of the Class A Shares to be admitted to the standard listi...
From online bookseller to world’s richest man: Amazon’s Jeff Bezos hangs up his boots
July 06, 2021 09:45 PM PDT| By Furquan MoharkanIn 2014, Amazon founder Jeff Bezos visited the South Indian city of Bengaluru – popularly known as Silicon Valley of India – owing its reputation for acumen towards tech innovations. It was the time when India’s domestic e-tailer Fl...
US indices slip after last week's record closes
July 06, 2021 02:20 PM PDT| By Sanjeeb BaruahBenchmark US indices edged lower on Tuesday, July 6, after several record consecutive closes last week as investors looked for global cues and turned their focus on economy-linked value stocks. The S&P 500 was down 0.20% to 4,343.54. The Dow Jon...
Why did DiDi stock nosedive more than 20% today?
July 06, 2021 11:53 AM PDT| By Team Kalkine MediaDiDi Global Inc. (DIDI) stock fell more than 20% on Tuesday, July 6, after the Chinese regulators ordered the company to remove its app from the app store. The development comes just days after the ride-hailing company made a mega IPO debut on the NY...
OPEC+ crisis: Oil shoots to 6-yr high. What to expect?
July 06, 2021 09:11 AM PDT| By Team Kalkine MediaOil prices in the US surged to six years high following the failure of the OPEC countries to decide on how much oil to be produced. US benchmark West Texas Intermediate hit a six-year high to US$76.98 a barrel this week, and global benchmark Brent .....
Will crude oil touch US$100 a barrel? All you need to know about oil prices
July 06, 2021 12:35 AM PDT| By Furquan MoharkanFortunes do turn around. And at times, they turn around fast. Nothing exemplifies it better than crude oil prices. A year ago, crude oil prices were at the historical lows. The prices of brent crude oil were hovering near the zero level, while the We...
From India’s girl next door to IMF chief economist: The journey of Gita Gopinath
July 05, 2021 06:17 PM PDT| By Furquan MoharkanDays before the US Independence Day, on 2 July 2021, International Monetary Fund (IMF) Chief Economist Gita Gopinath was among the 34 immigrants honoured by a prestigious American foundation Carnegie Corporation – as a person "who has enriched...
Done with recession? What are the different kinds of economic recoveries?
July 04, 2021 11:52 PM PDT| By Furquan MoharkanThe COVID-19 pandemic and the subsequent bouts of lockdowns imposed to counter it, triggered one of the most severe recessions in the history of the world economy. As consumption across the globe fell drastically, so did the employment levels. The w...
