Iris Barker

Management

Luca de Meo to head Kering SA

At a general meeting, the shareholders of French holding company Kering SA endorsed the selection of Luca de Meo as CEO, as stated in a press release.

Published on September 10, 2025

By Iris Barker

Science & Technology

Uber and China’s Momenta to test self-driving cars in Munich

Uber Technologies from the United States and China’s Momenta have revealed intentions to trial autonomous vehicles in Munich, Germany, in 2026.

Published on September 8, 2025

By Iris Barker

Business & Finance

PNC Financial to buy rival FirstBank Holding for $4.1 billion

PNC Financial Services Group is acquiring competitor FirstBank Holding Co., which encompasses its FirstBank banking division, for $4.1 billion.

Published on September 8, 2025

By Iris Barker

Economics

Saudi Arabia promotes accelerated increase in OPEC+ oil production

Saudi Arabia, a key figure in the OPEC+ agreement, is advocating for a rapid boost in oil output by OPEC+ nations to reclaim market share, according to Bloomberg's sources.

Published on September 8, 2025

By Iris Barker

World & Politics

Trump promises to defend interests of American IT companies in the EU

US President Donald Trump stated that he would talk with the EU leaders regarding hefty penalties for American technology firms.

Published on September 8, 2025

By Iris Barker

Business & Finance

Porsche to leave Germany’s main DAX index

Porsche AG shares will not be included in the computation of Germany's primary DAX index, which consists of the 40 largest German firms by market value.

Published on September 4, 2025

By Iris Barker

Business & Finance

France fines Google and Shein for €475 million

The French regulatory body CNIL has imposed a historic fine of €475 million on Google (a subsidiary of Alphabet Inc.) and the online fashion retailer Shein for breaching users' privacy…

Published on September 4, 2025

By Iris Barker

Business & Finance

Shell abandons plans for biofuels plant in Rotterdam

The British-Dutch oil and gas firm Shell has ultimately scrapped its intentions to construct a biofuels facility in Rotterdam.

Published on September 4, 2025

By Iris Barker

World & Politics

EC prepares partnership agreements with Mercosur and Mexico for ratification

The European Commission (EC) declared that it had presented proposals to the Council for the endorsement of the EU-Mercosur Partnership Agreement (EMPA) and the updated global agreement with Mexico (MGA).

Published on September 4, 2025

By Iris Barker

Economics

Bank of France Governor says ECB has inflation under control

Inflation within the Eurozone is well-managed, and economic growth aligns with projections, as stated by François Villeroy de Galhau, a member of the European Central Bank's Governing Council and Governor…

Published on September 3, 2025

By Iris Barker

World & Politics

Israel begins mobilizing reservists for operation in Gaza city

The Israel Defense Forces has initiated a significant mobilization of reservists in anticipation of a comprehensive assault on Gaza City, The Jerusalem Post stated on Tuesday.

Published on September 3, 2025

By Iris Barker

Business & Finance

Revolut launches secondary share offering, values the company at $75 billion

British fintech company Revolut started a secondary share offering, which lets its employees sell their shares, according to Bloomberg. This information comes from an internal document from Revolut.

Published on September 1, 2025

By Iris Barker

World & Politics

About 850,000 Syrian refugees returned home since Assad’s resignation

About 850,000 Syrian refugees have come back to Syria from nearby countries since December 2024, when former President Bashar al-Assad left the country, according to the Associated Press (AP), which…

Published on September 1, 2025

By Iris Barker

Business & Finance

ExxonMobil expects global oil production to decline by 15% per year without new investment

ExxonMobil states in its Global Outlook that continued investment in discovering and developing new oil and gas reserves is increasingly crucial.

Published on August 31, 2025

By Iris Barker

World & Politics

Japanese Minister cancels US visit due to rice purchase disagreement

Japanese officials have opted to call off Economic Recovery Minister Ryosei Akazawa's trip to the US planned because Tokyo disagrees with the White House's push for Japan to buy more…

Published on August 31, 2025

By Iris Barker

Business & Finance

Stone Ridge completes $1.3 billion purchase of Oklahoma Energy Assets from Conoco

Stone Ridge Holdings, via its energy division Stone Ridge Energy (SRE), has finalized the purchase of a collection of Oklahoma energy assets from ConocoPhillips for around $1.3 billion, according to…

Published on August 28, 2025

By Iris Barker

World & Politics

The EC proposes implementation of the joint trade declaration with the US

The European Commission has presented two proposals that, according to its evaluation, set the stage for realizing the joint EU-US statement of 21 August 2025 regarding transatlantic trade and investment.

Published on August 28, 2025

By Iris Barker

Economics

US companies buy back $1 trillion in stocks in record time in 2025

In 2025, US firms repurchased $1 trillion of their own shares in a record timeframe, according to MarketWatch, referencing specialists from Birinyi Associates.

Published on August 27, 2025

By Iris Barker

Economics

Vitol Group ready to resume Syrian oil deliveries after sanctions are lifted

International trader Vitol Group is set to conduct its initial shipment of Syrian oil following the lifting of Western sanctions, according to Bloomberg, which cites informed sources.

Published on August 27, 2025

By Iris Barker

World & Politics

Spanish authorities call forest fires in the country one of the biggest disasters in recent years

Published on August 27, 2025

By Iris Barker

Business & Finance

Tariffs are hindering Lamborghini sales among richest Americans

Lamborghini CEO Stephan Winkelmann stated that even affluent buyers are postponing sports car acquisitions due to uncertainty surrounding U.S. import tariffs.

Published on August 27, 2025

By Iris Barker

World & Politics

Warsaw says Poland will continue to pay for Starlink for Ukraine

The blockage by the Polish president on the legislation regarding assistance to Ukrainian citizens will not hinder the utilization of the Starlink satellite internet service in Ukraine funded by Warsaw,…

Published on August 26, 2025

By Iris Barker

World & Politics

Germany’s Luxcara to refuse Chinese turbines for North Sea project

Luxcara GmbH from Germany will turn down an order for wind turbines from China’s Ming Yang Smart Energy Group Ltd. for developing offshore wind farms in the North Sea, opting…

Published on August 26, 2025

By Iris Barker

Business & Finance

Keurig Dr Pepper may buy JDE Peet’s for $18 billion

The American producer of beverages like soft drinks, tea, coffee, and coffee machines, Keurig Dr Pepper, is nearing a deal to purchase the European coffee producer JDE Peet's for $18…

Published on August 25, 2025

By Iris Barker

World & Politics

Trump calls for revoking ABC and NBC licenses

US President Donald Trump thinks that ABC and NBC ought to have their licenses taken away.

Published on August 25, 2025

By Iris Barker

Business & Finance

Tesla may refuse producing new Model Y L in the U.S.

Elon Musk, Tesla's CEO, mentioned that the newly revealed six-seat Model Y in China might not be produced in the U.S.

Published on August 21, 2025

By Iris Barker

Economics

EU commits to purchasing $750 billion in energy resources from the US until 2028

The joint statement by the European Union and the United States regarding the framework agreement on trade reinforces the accords made by European Commission President Ursula von der Leyen and…

Published on August 21, 2025

By Iris Barker

Business & Finance

Sony to raise PlayStation 5 prices in the US on August 21

On August 21, Japanese firm Sony Corp. revealed a rise in the suggested retail prices for the PlayStation 5 gaming console in the US.

Published on August 21, 2025

By Iris Barker

World & Politics

Axios: Israel will agree to ceasefire only if all hostages are released

Israeli Minister of Strategic Affairs Ron Dermer stated during a meeting with Qatari representatives, who are mediating the Gaza negotiations, that Israel will only accept a ceasefire if the remaining…

Published on August 21, 2025

By Iris Barker

Business & Finance

Novo Nordisk cuts Ozempic price in the US to $499 per month

Danish pharmaceutical firm Novo Nordisk has lowered the cost of the weight loss medication Ozempic for US patients who self-finance the treatment.

Published on August 18, 2025

By Iris Barker

Management

JPMorgan Chase may move its European headquarters

JPMorgan Chase & Co., the American bank, is evaluating the option of relocating its European headquarters, as reported by the Financial Times, referencing sources.

Published on August 18, 2025

By Iris Barker

World & Politics

Trump says Zelensky could end Ukraine conflict immediately

US President Donald Trump stated that the Ukrainian conflict might resolve swiftly if Ukrainian President Volodymyr Zelensky relinquishes Crimea and declines to join NATO.

Published on August 18, 2025

By Iris Barker

Economics

LME to transfer part of trading to electronic system

The London Metal Exchange (LME) announced in a statement that it will shift a portion of its trading to an electronic platform to enhance liquidity.

Published on August 18, 2025

By Iris Barker

Business & Finance

Saudi Arabia’s PIF cuts megaproject investment valuation by $8 billion

The Public Investment Fund (PIF) of Saudi Arabia has reduced its investments in significant domestic projects by $8 billion due to declining oil prices and various other factors, according to…

Published on August 14, 2025

By Iris Barker

Management

Deutsche Bahn CEO to step down

Richard Lutz, CEO of the state-owned railway company Deutsche Bahn, will resign, announced the German Federal Transport Ministry in a statement.

Published on August 14, 2025

By Iris Barker

World & Politics

Saudi Arabia condemns Israel’s decision to expand military operations in Gaza

At a meeting led by Crown Prince Mohammed bin Salman, the Saudi Arabian government condemned Israel's plans to intensify military actions in the Gaza Strip.

Published on August 13, 2025

By Iris Barker

Business & Finance

Eastman Kodak doubts its ability to pay debts

American Eastman Kodak, an early leader in photographic equipment manufacturing, reported a net loss in the second quarter and decreased revenue, while the company raised concerns about its capability to…

Published on August 13, 2025

By Iris Barker

World & Politics

Europe to support Ukraine’s cession of territories already controlled by Russia

According to The Daily Telegraph, citing sources, Ukraine might consent to stop fighting and relinquish regions currently occupied by Russia as part of a peace initiative endorsed by Europe.

Published on August 12, 2025

By Iris Barker

Economics

China postpones export controls for 28 US companies for 90 days

The Chinese Ministry of Commerce announced that China has paused export restrictions for 28 US firms for three months, following the agreements made during trade discussions between the nations.

Published on August 12, 2025

By Iris Barker

Science & Technology

Tesla receives license for robotaxi service in Texas

American Tesla has received a license to operate a robotaxi service in Texas, Bloomberg reports.

Published on August 10, 2025

By Iris Barker

World & Politics

EU foreign ministers to discuss Ukraine on Monday

EU Foreign Ministers are scheduled to convene on August 11 to talk about the conditions in Ukraine, ANSA stated on Sunday, referencing an undisclosed source from the European Commission.

Published on August 10, 2025

By Iris Barker

Management

Trump calls on Intel CEO to resign over Chinese investments

US President Donald Trump has urged Intel Corp. CEO Lip-Bu Tan to step down right away, referencing a “significant conflict of interest” due to his investments in Chinese firms.

Published on August 7, 2025

By Iris Barker

Business & Finance

Duolingo reports record Q2 profit

American Duolingo Inc., the operator of a digital learning platform, boosted its net profit in the second quarter of 2025 by 1.8 times, reaching an all-time high.

Published on August 7, 2025

By Iris Barker

Business & Finance

BP notes low commercial oil inventories in the market

BP plc states that inventories of commercial oil and oil products are reduced, leading to continued market volatility.

Published on August 5, 2025

By Iris Barker

Economics

EC approves €11 billion program for wind power development in France

The European Commission revealed that it has approved the plans of the French authorities to allocate €11 billion from the state budget for the advancement of offshore wind energy.

Published on August 5, 2025

By Iris Barker

Business & Finance

Barclays to leave Net-Zero Banking Alliance climate group

British bank Barclays Plc is exiting the industry climate organization Net-Zero Banking Alliance (NZBA).

Published on August 3, 2025

By Iris Barker

Science & Technology

Worldwide PC shipments up 6.5% in Q2

Global PC shipments rose 6.5% compared to the previous year, reaching 68.4 million units in the second quarter of 2025, as per initial data from International Data Corporation (IDC).

Published on August 3, 2025

By Iris Barker