Collitcomedia

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About Collitcomedia

We are a team of young minds revolutionising & redefining finance and business media with fast, unfiltered and accurate news coverage. Ours is an engaged community of over 500k unique visitors, and we ensure they don�t miss out on any critical trends and advancements in business and finance. We cover every minute market update of ASX-listed firms, including emerging, innovative business enterprises worldwide. Additionally, we publish inspiring stories and entrepreneurial models of businesses from various industries in their totality as a free journalistic news service. We also acknowledge the difficulty of introducing new businesses to investors and stock market players; hence Colitco serves as the ultimate platform for interactions on business & acquisition.

Concerns Grow Over Women’s Equality Moving Backwards

Collitcomedia10 Mar, 2025Business

As the world marks International Women’s Day, three prominent Welsh women have raised concerns gender equality is not only stalling but potentially regressing. Research conducted in 2024 found 47% of respondents in Great Britain believed gender equality had already progressed far enough, a statistic reflects a worrying shift in public perception.

Barclays Faces Multi-Million Pound Compensation Payout Over IT Outage

Collitcomedia08 Mar, 2025Business

Barclays is preparing to pay millions of pounds in compensation to customers following a major IT outage that left thousands unable to access their accounts, make transactions, or receive payments. According to a new letter to MPs, the banking giant estimates that it will pay between £5 million and £7.5 million in redress for the disruption caused by the outage earlier this year.

Liverpool Stun PSG with Late Winner in Champions League Clash

Collitcomedia07 Mar, 2025Business

Liverpool secured a dramatic 1-0 victory over Paris Saint-Germain (PSG) in the first leg of their UEFA Champions League Round of 16 tie at the Parc des Princes. A late strike from substitute Harvey Elliott sealed the win for the visitors in a match where PSG dominated possession but failed to capitalize on their chances.

Li Ka-shing Strikes $19 Billion Deal to Exit Global Ports Business

Collitcomedia06 Mar, 2025Business

Hong Kong’s richest man, Li Ka-shing, has once again demonstrated his deal-making prowess, orchestrating a $19 billion transaction to offload the bulk of his global ports business. The 96-year-old business magnate’s company, CK Hutchison Holdings Ltd., announced plans to sell its port assets to a consortium led by BlackRock Inc., marking one of the most significant divestments in Li’s career.

Trump’s New Tariffs on Canada, Mexico, and China: Trade Tensions Escalate

Collitcomedia05 Mar, 2025News

President Donald Trump has officially imposed new tariffs on imports from Canada, Mexico, and China, marking a significant escalation in global trade tensions. These new measures, effective immediately, apply a 25% tariff on all goods from Canada and Mexico, with an exception for Canadian oil and energy exports, which will be taxed at a lower rate of 10%. Additionally, the existing tariffs on Chinese goods have been raised from 10% to 20%, further straining U.S.-China economic relations.

Gene Hackman, Hollywood Icon, Dies at 95

Collitcomedia04 Mar, 2025Games

Hollywood has lost a celebrated actor. Gene Hackman, known for his powerful performances, has died at 95. Authorities in New Mexico confirmed his passing on Thursday. Hackman and his wife, Betsy Arakawa, were found dead at their Santa Fe home on Wednesday afternoon. The Santa Fe County Sheriff’s Department stated that foul play was not suspected. Their dog was also found at the scene.

XRP News: Trump’s Crypto Reserve Plan Triggers Massive XRP Surge

Collitcomedia03 Mar, 2025News

XRP is making waves in the crypto world after surging 34% overnight (AEDT) following Donald Trump’s executive order to establish a US Crypto Strategic Reserve. The reserve will include XRP, Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA).

Microsoft Retires Skype to Focus on Teams

Collitcomedia01 Mar, 2025Business

Microsoft has announced it will retire Skype in May 2025. The move will shift focus to Microsoft Teams, its modern communication platform. Skype, the video-calling service MS acquired for $8.5 billion in 2011, will cease operations on 5 May 2025. The transition reflects changing user preferences and Microsoft’s long-term strategy for communication tools.

ASX Market Declines as Technology and Mining Stocks Weigh on Performance

Collitcomedia28 Feb, 2025Business

The downturn followed a global trend of market losses, driven by economic uncertainty and policy risks. Falling stocks outnumbered advancing ones by 818 to 334, while 397 stocks ended unchanged. The S&P/ASX 200 VIX, which measures market volatility, rose 2.85% to 11.85, signaling increased caution among investors.

Inflation Steady at 2.5% in January as Housing and Food Prices Rise

Collitcomedia27 Feb, 2025Business

The Australian Bureau of Statistics (ABS) reported that the monthly Consumer Price Index (CPI) indicator rose 2.5% in the 12 months to January 2025. Inflation remained unchanged from December, with food, housing, and alcohol contributing the most to price increases.