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World news
The controversial life of coal mining magnate Ivan Glasenberg
December 09, 2020 02:08 PM AEDT| By Edita IvancevicIvan Glasenberg at International Economic Forum in St. Petersburg, Russia, 2016 (Image source: Shutterstock) Ivan Glasenberg, the Swiss-based billionaire, has the largest stake in the commodity trading and mining company, Glencore (LON:GLEN). The co...
Pfizer-BioNTech’s COVID-19 vaccine starts working within ten days of first dose, says FDA
December 09, 2020 01:53 PM AEDT| By Hina ChowdharyAccording to new documents released by the US regulator, Pfizer-BioNTech's COVID-19 vaccine, BNT162b2 shows response within almost ten days of the first dose. In the documents, the US Food and Drug Administration (FDA) mentioned that BNT162b2 was f.....
Tesla to Raise USD 5 Billion, Riding High on Share Price Boom
December 09, 2020 01:11 PM AEDT| By Team Kalkine MediaAmerican electric vehicle and clean energy company, Tesla Inc., has unveiled its plan to raise USD 5 billion. As per a regulatory filing on Tuesday, the additional shares will be sold from time to time, at the market prices. It is the second time i.....
Deutsche Bank, ANZ, Citi face trials in Australia’s biggest criminal case
December 08, 2020 11:44 PM AEDT| By Team Kalkine MediaThe three major banks, Australia and New Zealand (ANZ) Banking Group Ltd, Citigroup Inc, Deutsche Bank AG, and six of firms’ former staff were asked to face trial in Australia’s NSW Local Court on Tuesday after pleading not guil.....
In A First, Water Futures Start Trading On Wall Street
December 08, 2020 11:02 PM AEDT| By Hina ChowdharyWater has now entered the league of oil, gold, and other commodities futures on Wall Street, representing concerns that the life-sustaining natural reserve may become insufficient around the world. Chicago-based CME Group Inc unveiled agre.....
The Story of ‘Big Short’s’ Michael J. Burry
December 08, 2020 07:25 PM AEDT| By Edita IvancevicImage Source: Shutterstock People in large number remember how nerve-wracking the 2008 Global Financial Crisis was. Wall Street completely crashed, and the world was left with years of financial struggles. Yet, some investors could sense the future...
The meteoric rise of Ray Dalio, World’s Largest Hedge Fund Manager
December 08, 2020 06:42 PM AEDT| By Edita IvancevicHedge Fund managers are one of the most fancied names on the Wallstreet, and many stock market participants closely track each and every move these fund managers make. Many hedge fund managers make it to the rich list, thanks to the huge amount of m...
Tony Hsieh: the 'generous' genius from the US who died at just 46
December 08, 2020 04:18 PM AEDT| By Edita IvancevicImage Source: Shutterstock Tony Hsieh was a renowned American businessman, who made a considerable impact on Zappos after being hired as its CEO. He was known to turn an almost bankrupt firm into a multibillion-dollar empire. Within a decade, he too...
Who is Dr Timnit Gebru and why did Google fire her?
December 08, 2020 12:49 PM AEDT| By Edita IvancevicIf asked to imagine an artificial intelligence and the technology sector employee, there is a high chance one would picture a white male scientist wearing smart glasses. In that case, one would not be wrong due to white male dominance within the tech...
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Chinese Factory Output Growth Outshines many Asian Countries
December 07, 2020 02:52 PM AEDT| By Team Kalkine MediaWith coronavirus mostly under control in China, buyers are ready to spend again in a bid to lift activity further. As per the National Bureau of Statistics data, industrial output of China soared 6.9% in October compared to a year ago in sync with.....
Pfizer’s shares plunge after reports of cutting COVID-19 vaccine supply to half
December 04, 2020 03:16 PM AEDT| By Hina ChowdharyPfizer shares closed the day below 0.22% on Thursday after the news of supply chain challenges. According to several media reports, supply chain challenges forced Pfizer to cut its estimates by half for roll out of the COVID-19 vaccine. The compan.....
What is Oregon’s magic mushrooms program? How will it benefit people?
December 04, 2020 02:46 PM AEDT| By Edita Ivancevics for Measure 109, the whole program should be finalised in a two-year time frame. Exactly a month ago, Oregon became the first state in the US to legalise the usage of psychedelic mushrooms for psychiatric purposes. Psilocybin, a ‘magic&...
Big tech firms making an exit: Is Silicon Valley losing its sheen?
December 03, 2020 01:44 PM AEDT| By Hina ChowdharySilicon Valley, home to many of the world's largest tech companies, seems to be losing its charm among the corporates and tech workers. Recently, a trend has come to light where companies and employees have been observed to be relocating to other p.....
This is how Travis Scott is making his millions
December 02, 2020 07:24 PM AEDT| By Edita IvancevicMost people would probably know Travis Scott as a hugely successful rapper, songwriter, record label owner, and last but not the least, Kylie Jenner's ex-partner. With his many talents, Mr Scott proves himself to be good at what he is doing, as he.....
UK First Nation To Approve Pfizer-BioNTech COVID-19 Vaccine, Roll Out ‘Next Week'
December 02, 2020 06:53 PM AEDT| By Team Kalkine MediaIn a major development, the United Kingdom on Wednesday became the first nation to approve the Pfizer-BioNTech vaccination for public use. The COVID-19 mRNA vaccine candidate will be rolled out from next week, informed UK health secretary Matt Hancoc...
2020’s Much-awaited Airbnb IPO Set to Launch In December!
December 02, 2020 01:09 PM AEDT| By Team Kalkine MediaThe famous home rental startup Airbnb Inc said on Tuesday that it intends to price its shares at USD 44 to USD 50 per share in its IPO, for a valuation of up to USD 34.8 billion in its initial public offering (IPO). The company is prepared to sell .....
Salesforce To Acquire Slack Technologies, Signs Definitive Agreement
December 02, 2020 12:20 PM AEDT| By Team Kalkine MediaOne of the most-awaited tech deals of the year is finally through. Salesforce.com (NYSE:CRM) has acquired communications platform Slack Technologies, Inc. (NYSE:WORK) for US$ 27.7 billion, making it the eighth-largest M&A deal in tech industry....
UK’s Fashion giant Arcadia goes into administration; 13,000 jobs at risk
December 01, 2020 03:18 PM AEDT| By Team Kalkine MediaArcadia Group, the owner of renowned fashion brands like Topshop, Burton and Dorothy Perkins, has become the latest victim to bite the dust in the wake of COVID-19 storm. The fashion giant has hired administrators from Deloitte to assess all avail.....
Moderna seeks US, EU approval for COVID-19 vaccine after it demonstrated 94.5% efficacy
December 01, 2020 12:30 PM AEDT| By Edita IvancevicPharmaceutical giant Moderna Inc. (NYSE:MRNA) intends to ask vaccine regulators in the US, Europe, and the UK for urgent approval of its coronavirus vaccine. According to the company, they performed late-stage study of human trials for the COVID-1.....
How has COVID-19 steered our mode of travel?
November 30, 2020 01:38 PM AEDT| By Team Kalkine MediaThe Covid-19 pandemic that took the world in its grip, undoubtedly made people adapt to living which perhaps no one would have heard of or dreamed of. However, by now, we all are familiar with the concept of social distancing, regular hand sanitisi.....
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