News That Matters

Tag: biggest

World’s biggest iceberg makes a run for it

World’s biggest iceberg makes a run for it

Science
The world's biggest iceberg is about to enter the open ocean.A68, a colossus that broke free from the Antarctic in 2017, has pushed so far north it is now at the limit of the continent's perennial sea-ice.When it calved, the berg had an area close to 6,000 sq km (2,300 sq mi) and has lost very little of its bulk over the past two and a half years.But scientists say A68 will struggle to maintain its integrity when it reaches the Southern Ocean's rougher waters."With a thickness to length ratio akin to five sheets of A4, I am astonished that the ocean waves haven't already made ice cubes out of A68," said Prof Adrian Luckman from Swansea University, UK. "If it survives for long as one piece when i...
Coronavirus: China shares in biggest fall in four years

Coronavirus: China shares in biggest fall in four years

Business
Fears over the coronavirus triggered a sharp fall in Chinese shares when the market reopened after the Lunar New Year holiday.The Shanghai Composite index closed nearly 8% lower, its biggest daily drop for more than four years.Manufacturing, materials, and consumer goods companies were among the hardest hit, while healthcare shares soared.The fall came despite China's central bank announcing new measures to ease the impact of the outbreak.The People's Bank of China (PBOC) unexpectedly lowered short term interest rates as part of its attempts to relieve pressure on the economy from the rapidly spreading virus.It also pumped an extra 150 billion yuan ($ 22bn; £16.3bn) into the economy on Monday, a move aimed at ensuring there is enough liquidity in the bank
Stocks making the biggest moves after hours: Apple, Starbucks, AMD and more

Stocks making the biggest moves after hours: Apple, Starbucks, AMD and more

Finance
Customers look at Apple's new iPhone 11 series smartphones at an Apple retail store at the IFC Mall in Pudong New Area, Shanghai.Alex Tai | SOPA Images | LightRocket | Getty ImagesTake a look at the companies making headlines after the bell.Apple – Apple stock rose 2.5% after it reported strong fourth-quarter results that beat analysts' estimates on the top and bottom line. The results were powered by iPhone revenue and Apple's service businesses like Apple TV+ and iCloud. The company reported earnings of $ 4.99 per share on revenue of $ 91.82 billion, while analysts expected earnings of $ 4.55 per share on revenue of $ 88.50 billion, according to Refinitiv.Starbucks – Shares of the coffee giant dropped more than 1% after the company announced the closures of all cafes and deliveries for l
One of world’s biggest passenger planes completes test flight

One of world’s biggest passenger planes completes test flight

Business
Boeing has successfully completed the first flight of the world's largest twin-engine jetliner - a respite from the ongoing controversy surrounding the 737 MAX.It took three attempts to get the 777X off the ground, as the first two planned tests were abandoned owing to high winds. The plane - which is 77m (252ft) long and can seat more than 400 passengers - took off from a runway just outside Seattle on the US west coast. Image: The co-pilots for the test flight wave after their successful journey Four hours later, it landed at the historic Boeing Field, not far from rows of 737 MAX planes left grounded after two fatal crashes triggered safety concerns.The new Boeing model, which will be officially known as the 777-9, also boasts fold...