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World news
How are European nations tackling COVID-19 second wave?
October 25, 2020 02:03 AM AEDT| By Kunal SawhneyAfter being severely hit by the initial wave of COVID-19 and gradually curbing the outbreak, many countries across Europe are again experiencing a resurgence of COVID-19 cases. Presently, countries like France, the UK, Spain and Germany are witness.....
COVID-19 Patients fill over 40% of ICU beds in Paris, an alarm bell for Europe?
October 24, 2020 05:08 PM AEDT| By Team Kalkine MediaThe ongoing COVID-19 pandemic caused by the novel coronavirus (SARS-CoV-2) continues to wreak havoc all over the world. According to the WHO, there have been 41.57 million confirmed cases of COVID-19, including 1,134,940 fatalities across the world.....
Tesla to ship cars from Shanghai plant, improve shipment time for Asia and EU
October 23, 2020 07:30 PM AEDT| By Edita IvancevicThe futuristic-car maker Tesla (NASDAQ:TSLA) has new plans in mind for the local supply of its vehicles. Tesla CEO Elon Musk introduced a new project for car shipments directly from the Shanghai ‘Gigafactory’. With this move, Mr Musk w.....
Tesla smashes market estimates in Q3; General Motors reveals EV plans
October 23, 2020 06:43 PM AEDT| By Team Kalkine MediaTesla, Inc. came up with another banger in the September quarter show, which was labelled as the ‘best quarter in history’ by Elon Musk. But optimists believe that best is yet to come, at least from new factories in two other continents.....
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Gilead (NASDAQ:GILD) Share Price Moves up after FDA Approves Veklury® (remdesivir)
October 23, 2020 03:59 PM AEDT| By Team Kalkine MediaOn 22 October 2020, the US FDA gave the green light to Gilead’s Veklury® (remdesivir) making the antiviral drug the first officially approved treatment for COVID-19, an infection caused by the novel coronavirus, SARS-CoV-2. The shar.....
Goldman Sachs to Pay US$2 billion over Malaysia’s 1MDB scandal
October 23, 2020 03:02 PM AEDT| By Team Kalkine MediaNew York’s leading global investment bank, Goldman Sachs has agreed to a much-anticipated settlement with the US Justice Department and would pay over US$2 billion for its role in Malaysia’s 1MDB scandal. It would let Goldman Sachs avoi.....
AstraZeneca (LON:AZN) to resume COVID-19 vaccine trial in the US ahead of elections?
October 22, 2020 09:55 PM AEDT| By Team Kalkine MediaAstraZeneca’s COVID-19 clinical trials in the US are anticipated to start again as early as this week after the US Food and Drug Administration (FDA) completed its review of a serious illness, sources told Reuters. As per one of the sou.....
Purdue Pharma reaches US$8 bn settlement, Why did the OxyContin maker plead guilty?
October 22, 2020 06:38 PM AEDT| By Edita IvancevicPurdue Pharma agreed to an A$11.6 billion (US$8 billion) settlement after pleading guilty for uncontrolled selling of its controversial opioid product OxyContin. The active ingredient oxycodone has caused more than 450,000 American deaths since 19.....
A look at Tesla’s Powerwall
October 22, 2020 06:21 PM AEDT| By Edita IvancevicOutmost sustainability is a crucial goal for Tesla and its CEO and co-founder, Elon Musk, who never ceases with inventing new sustainable products. MUST WATCH: Why is Tesla Stock doing so well? As almost every other smart Tesla (NASDAQ:TSLA) inve.....
Netflix Subscription Tepid, Is Binge watching on the wane?
October 22, 2020 03:08 PM AEDT| By Team Kalkine MediaNetflix released dismal earnings report for Q3 2020, falling short on its guidance for earnings per share. Besides, Netflix subscriber growth lowered considerably in the third quarter after its subscription skyrocketed in the first half of the year.....
RBA Governor Philip Lowe Stares at Super Low Interest Rates
October 22, 2020 12:15 AM AEDT| By Team Kalkine MediaReserve Bank of Australia Governor Philip Lowe, in a speech, revealed that the bank was considering to further ease the interest rates. He said that the move would create a more massive effect when the economy gains back the momentum. .....
Coronavirus’ impact on global economy: Are US & China out of the woods?
October 22, 2020 12:12 AM AEDT| By Kunal SawhneyThe Covid-19 pandemic has proliferated with startling pace worldwide. Affecting millions and dragging the global economy to almost a cessation, the pandemic had all the countries imposing strict controls on several movements, to stop the spre.....
Why did WeWork fall?
October 22, 2020 12:10 AM AEDT| By Edita IvancevicEveryone has heard of WeWork at some stage – maybe they applied for jobs, saw their vibrant offices and millennials that work there, or have heard about the WeWork job affair from the end of last year. With almost 800 offices across all cont.....
Why is the Department of Justice filing an antitrust suit against Google?
October 21, 2020 10:09 PM AEDT| By Edita IvancevicAfter years of thorough investigations and one published research held by the House Judiciary Committee, an antitrust suit against Google (NYSE:GOOGL) has come through late at night local time on 19 October. The Department of Justice is currently .....
How is the Banking Sector dealing with Climate Change Related Systemic Risks?
October 21, 2020 08:02 PM AEDT| By Team Kalkine MediaBanks are under regulatory and economic pressure to safeguard themselves from the effects of climate change. In the months ahead, banking authorities around the world are now reinforcing new climate risk management guidelines and are preparing to i.....
General Motors Resurrects Hummer As a 350 Miles EV Avatar, Goes Head-on with Tesla’s Cybertruck
October 21, 2020 05:55 PM AEDT| By Team Kalkine MediaGeneral Motors is all set to hit the EV market once again with its recent launch of Hummer EV – a progeny of gas-guzzling military-style SUV that the Company acquired in 1998. General Motors would now bring-in a new prototype of the beast mod.....
NetApp eyes Cloud services, ONTAP Software updated
October 21, 2020 05:00 PM AEDT| By Team Kalkine MediaSummary: NetApp, Inc has announced a further improvement in its cloud-connected NetApp® ONTAP® data management software. The Company also declared a better flexible NetApp Keystone™ Flex Subscription service along with a new NetApp...
How Will Failed International Tax Talks Impact Global Economy?
October 21, 2020 12:11 AM AEDT| By Kunal SawhneyOECD, on 12 October 2020, stated that the global economy could witness a loss of 1% in total output if international tax talks do not take shape immediately. In June 2020, when the US pulled out of global digital tax talks, there were increased con.....
Investment firm Tattarang acquires RM Williams, bootmaker back under Australian ownership
October 21, 2020 12:11 AM AEDT| By Edita IvancevicA famous Australian shoemaker RM Williams is back in Australian hands once again. Tattarang owner Andrew ‘Twiggy’ Forrest, and his wife Nicola Forrest, bought RM Williams for A$190 million and announced it on Monday. The investment fi.....
NZX and SGX join hands to expand New Zealand’s Dairy Derivatives Market
October 21, 2020 12:00 AM AEDT| By Team Kalkine MediaRecently, New Zealand Stock Exchange (NZX) and Singapore Exchange Limited (SGX) joined hands to give a boost to the trading business of New Zealand’s dairy derivatives market. The current agreement between the two bourses includes- listing of.....
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