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World news
How global chip shortage is denting auto production plans
February 09, 2021 01:58 PM AEDT| By Team Kalkine MediaThe hopes for a speedy recovery in the automotive industry seem to be in jeopardy again. The global automakers were hit hard by the pandemic and had just begun to bounce back from its aftermath; however, another challenge has sent the industry into.....
Why US stock indices are trading at record highs
February 09, 2021 08:45 AM AEDT| By Kunal SawhneyThe three major US stock indices closed at record high levels on Monday amid hopes around additional coronavirus stimulus and economic recovery. The investors were optimistic after Treasury Secretary Janet Yellen said the United States could return.....
Graphcore Calls on UK Regulator to Block Nvidia-Arm Acquisition
February 08, 2021 10:03 PM AEDT| By Kunal SawhneyUS-based computer systems design services company Nvidia Corporation (NASDAQ: NVDA) has got fresh resistance from Microsoft-backed Graphcore, which is an AI accelerator and machine learning chip developer, regarding the acquisition of Briti.....
Hyundai, Kia Deny EV Collaboration Reports with Apple
February 08, 2021 09:48 PM AEDT| By Team Kalkine MediaKorean automotive manufacturers Hyundai Motor Company (KRX: 005380) and Kia Motors (KRX: 000270) denied reports of partnership negotiations with technology giant Apple (NASDAQ: AAPL) to develop self-driving electric vehicles, in separate regulatory.....
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Vocus receives a takeover bid from Macquarie Infrastructure
February 08, 2021 08:50 PM AEDT| By Team Kalkine MediaSydney- based fibre network owner Vocus Group Ltd (ASX: VOC) has announced that it has received a takeover offer from Macquarie Infrastructure and Real Assets Holdings Pty Ltd (MIRA) for A$3.42 bill.....
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How Nickel Dispute Uncorked a Political Storm in French-ruled New Caledonia
February 08, 2021 07:57 PM AEDT| By Kunal SawhneyThe French-controlled island of New Caledonia is going through a political turmoil after its government collapsed after dispute over nickel assets sale. The crisis originated when five out of the total 11 members of the government executive resigne.....
South Africa suspends Oxford-AstraZeneca vaccine rollout
February 08, 2021 06:40 PM AEDT| By Team Kalkine MediaSouth Africa has temporarily suspended the rollout of Oxford-AstraZeneca vaccine after a study claimed that the vaccine provided minimum protection against the new Covid-19 variant detected there. These are early trail results of a new st.....
Siemens Gamesa grabs a piece of UK’s lucrative wind generation market
February 08, 2021 04:47 PM AEDT| By Hina ChowdharyBelfast-headquartered Scottish Power Renewables (SPR) has shortlisted Spain-based Siemens Gamesa Renewable Energy, S.A. (SGRE) to supply and install more than 200 14MW+ turbines for East Anglia Hub. The total project cost is £.....
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All You Need To Know About Kuaishou That Made a Splash with $5bn IPO
February 08, 2021 12:43 PM AEDT| By Kunal SawhneyThe post-pandemic period would belong to technology. Lending weight to this notion is the recent enormously successful debut of Chinese firm Kuaishou Technology that offers a video-sharing mobile app. Last week on 5 February 2021, Kuaishou Technol.....
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Three US giants declaring earnings this week
February 08, 2021 08:41 AM AEDT| By Team Kalkine MediaThe earnings season in the US is going on, and this week could be crucial as three of the market’s favourites are about to declare their earnings. The social media giant Twitter Inc. (NYSE:TWTR) would be the first of the three to come out wit.....
Top three GameStop stock’s alternatives
February 08, 2021 08:18 AM AEDT| By Kunal SawhneyThe GameStop (NYSE:GME) mania was one of the most hyped short squeeze events in the US. However, the buying frenzy seems to be running out of steam. GameStop's overboard buying has also turned investors to some other alternatives that probably don&.....
Can Microsoft’s Bing impress Australians if Google opts out?
February 07, 2021 12:35 AM AEDT| By Hina ChowdharyAdding another chapter to the ongoing war between Australian Federal Government and the US tech giant duo Facebook and Google, Microsoft has jumped into the fray. Microsoft has assured the Australian government that if Google pulls out its s...
Ford Doubles Investment on EVs, Warns About Profit Decline
February 06, 2021 11:40 AM AEDT| By Hina ChowdharyUS-based automotive giant Ford (NYSE: F) has decided to nearly double its investment in electric vehicles (EVs) to US$ 22 billion through 2025 despite the challenges due to the shortage of semiconductors within the industry. It has not.....
Glencore Reports Bleak 2020 Numbers As Pandemic Bites
February 06, 2021 03:19 AM AEDT| By Kunal SawhneyAnglo-Swiss multinational commodity mining and trading company, Glencore plc has unveiled its 2020 full-year production report with a significant fall in copper and cobalt production. The production was significantly impacted due to mining suspens.....
Better than injection? All about nasal COVID-19 vaccines in the pipeline
February 06, 2021 03:06 AM AEDT| By Kunal SawhneyThe intramuscular route has been thought of as the ultimate way to administer a vaccine. However, intranasal vaccines have multiple advantages of their own, including ease of self-administration and systematic immunity. The nasal route has outstan.....
Advertising Platform Magnite Inc Buys Spotx for $1.17bn
February 06, 2021 01:59 AM AEDT| By Kunal SawhneyMagnite Inc (NASDAQ: MGNI), one of the largest independent sell-side advertising forums, has signed an agreement to buy SpotX, a video advertising group from RTL Group, a European broadcasting group for a whopping amount of $1.17 billion in the for.....
Technical Overview of Global Tech Giants- Microsoft Corporation and IBM
February 05, 2021 08:55 PM AEDT| By Team Kalkine MediaMicrosoft Corporation (NASDAQ: MSFT) has witnessed a sharp rally from the low of USD 212.03 on 15 January 2021 and made a new lifetime high of USD 245.07 (as on 03 February 2021), a gain of ~15.50 percent in this short span. Microsoft Corp. Shoots.....
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Remdesivir drives Gilead’s Q4 FY20 sales, sales momentum likely to continue
February 05, 2021 05:23 PM AEDT| By Team Kalkine MediaAmerican biopharmaceutical player Gilead Sciences Inc (Nasdaq:GILD) continues to play a central role in the COVID-19 pandemic, with its drug remdesivir (Veklury®). On 4 February 2021, the biopharmaceutical player announced its Q4 and FY 2020 r.....
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Myanmar Military Temporarily Shutters Facebook Access
February 05, 2021 04:15 PM AEDT| By Team Kalkine MediaThe military government in Myanmar has temporarily shut down access to social media platform Facebook. The move comes almost a week after the ouster of the democratically elected Aung San Suu Kyi. As per reports, Facebook and its other services, i.....
Ford Motor focuses on EVs; says semiconductor chip shortage to hit Q1 production
February 05, 2021 04:10 PM AEDT| By Team Kalkine MediaMichigan-headquartered Ford Motor Company announced today that it intends to increase investments in electric vehicles (EVs) and self-driving (or autonomous) vehicles. Earlier, the automaker stated that it would slash shifts at two plants that deve.....
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