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World news
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.....
Latest on Novavax- vaccine to roll out from next week in Australia
February 11, 2022 09:08 PM AEDT| By Sukriti NairHighlights Greg Hunt announces Novavax roll out date, will be available from Monday (14 February 2022). A ‘three million dose’ shipment of the protein-based Covid vaccine has arrived in Australia already. Novavax Inc.&rsq.....
Ex-NSW premier Gladys Berejiklian says 'yes' to new position at Optus
February 11, 2022 01:26 PM AEDT| By Sukriti NairHighlights Former NSW premier Gladys Berejiklian to join executive team of telco major Optus. Berejiklian will join Optus as Managing Director, Enterprise, Business and Institutional. Berejiklian, before entering politics, held senior executiv.....
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...
Link REIT and Oxford secure office portfolios in Australia
February 10, 2022 08:35 PM AEDT| By RitwikaHighlights Link and Oxford enters a joint venture - Investa Gateway Office venture. The joint venture allows Link and Oxford to acquire five office portfolios in Australia. The acquisition will cost AU$2.3 billion in total to Link and Oxford. .....
Australia to export green hydrogen to Asian markets?
February 10, 2022 08:35 PM AEDT| By Bhawna GuptaThe global campaign to decrease carbon emissions to net-zero by 2050 is moving quickly, with targets and concentration increasing in every area of the economy. Countries plan to transition away from fossil fuels after vowing to achieve net-zero emi.....
Omnicom (NYSE:OMC) shares close 14% high on Q4 2021 earnings report
February 10, 2022 03:23 PM AEDT| By RitwikaHighlights Omnicom outperforms the expectations during Q4 2021. OMC’s revenue increased by 2.6% to US$3,855.9 million in the given period. As a result, OMC’s diluted EPS grew by 6% in Q4 2021. Omnicom Group (NYSE:OMC) shares g.....
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.....
Salesforce to open Adelaide hub along with SA govt
February 09, 2022 08:54 PM AEDT| By Bhawna GuptaHighlights This is the first global collaboration for Salesforce Net Zero Cloud. Net Zero Cloud uses global emission factors to calculate greenhouse gas emissions. South Australia's green economy has the potential to create thousands of jobs. .....
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.....
Why are athletes complaining at Beijing Olympics 2022?
February 09, 2022 02:12 PM AEDT| By Toshiva JainThe Winter Olympics are supposed to celebrate happy evenings that lay a path for the most exciting winter sports. The 2022 Winter Olympics is organised in Beijing, China. The sports event began on January 4 and will go on till 20 January. However, .....
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 .....
Amazon hikes base salary for its employees to $350,000
February 08, 2022 08:51 PM AEDT| By Priyanka PayalHighlights Amazon Inc. announces its decision to more than double the maximum base salary it pays to its employees to US$350,000. In its fourth-quarter results announced last week, Amazon revealed that its net sales increased 9% to US$137.....
US renews calls on China to fulfil Trump-era trade commitments
February 08, 2022 02:38 PM AEDT| By Sanjeeb BaruahUS officials on Monday renewed calls on China to fulfill its promises made in a trade pact with than Trump administration to buy US$200 billion worth of American goods, Reuters reported. The officials asked China to take "concrete action" to meet .....
Meta (FB) builds shield after avatars ‘harass’ proxies in metaverse
February 08, 2022 10:09 AM AEDT| By Team Kalkine MediaHighlights Some users have faced harassment on Meta’s Horizon network, its virtual reality platform. The protective function will be turned on by default. Meta Platforms had opened its virtual reality platform to the public in North Am.....
Frontier Group (ULCC) to acquire Spirit Airlines for US$6.6 billion
February 08, 2022 06:35 AM AEDT| By Rupam RoyThe Colorado-based airline holding company, Frontier Group Holdings, Inc (NASDAQ: ULCC), is acquiring its rival Spirit Airlines Inc. (NYSE: SAVE) for US$6.6 billion in a cash-and-stock deal. The purchase is expected to help Frontier compete with l.....
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