Iris Barker
World & Politics
Chinese Foreign Ministry calls for urgent peaceful solution to Israel-Iran conflict
China's Foreign Ministry asserts that Israel and Iran must promptly act to settle their dispute via diplomatic channels, writes the Global Times.
Published on June 16, 2025
By Iris Barker
Economics
The U.S. budget deficit decreases by 9% in May
According to the Treasury Department, the budget deficit for the U.S. in May reached $316.004 billion, a 9% decrease compared to the same month the previous year.
Published on June 16, 2025
By Iris Barker
World & Politics
Three people killed, nearly 50 injured in Israel in Iranian rocket attacks
Local media reported that three individuals lost their lives and almost 50 were wounded in Israel following rocket strikes from Iran.
Published on June 16, 2025
By Iris Barker
Economics
India and the U.S. toughen stances in negotiations on trade agreement
Representatives from India and the U.S. at this week's trade discussions in New Delhi have started to show a negotiating approach that is less willing to compromise, Bloomberg reported Thursday,…
Published on June 12, 2025
By Iris Barker
World & Politics
Over hundred dead found at Air India plane crash site
According to police data cited by Reuters on Thursday, the remains of over a hundred individuals who lost their lives in the Air India plane crash have been transported to…
Published on June 12, 2025
By Iris Barker
Business & Finance
GM to invest $4 billion in U.S. facilities over two years
General Motors Co. (GM) announced it will invest $4 billion in U.S. facilities over the next two years to boost production of gasoline-powered cars and electric vehicles.
Published on June 11, 2025
By Iris Barker
Management
Google offers employees of several divisions to quit in exchange for compensation
According to CNBC, U.S. Google, a subsidiary of Alphabet Inc., has provided employees from specific divisions severance packages in return for voluntary resignation.
Published on June 11, 2025
By Iris Barker
Economics
US ethane export forecast downgraded by 24% due to trade war with China
US ethane exports for 2025 are projected to be 24% lower than the previously estimated 410,000 bpd, and the 2026 forecast has been reduced by 51% to 310,000 bpd, according…
Published on June 11, 2025
By Iris Barker
Economics
Trump promises to pull the National Guard out of California once the situation becomes better
President Donald Trump said that US National Guard units will depart from California once the situation in the state stabilizes, writes The Guardian.
Published on June 11, 2025
By Iris Barker
Economics
Coal India resumes coal mining at previously closed mines, opens new ones
Coal India, the largest state-owned coal producer globally, will reopen 32 mines that were previously shut down and initiate five new projects this year, according to P.M. Prasad, the company’s…
Published on June 10, 2025
By Iris Barker
World & Politics
IAEA chief unhappy with Iran’s level of nuclear cooperation
Tehran has repeatedly either disregarded IAEA inquiries regarding its nuclear operations or given deceptive responses, the agency's director Rafael Grossi told reporters prior to the IAEA board of governors.
Published on June 10, 2025
By Iris Barker
World & Politics
Trump: The LA riots are led by radical leftists
US President Donald Trump has accused ‘radical leftists’ of orchestrating riots in Los Angeles.
Published on June 9, 2025
By Iris Barker
Economics
Profits of companies from the DAX index will grow faster than those from the S&P 500 in 2026
Analysts forecast that the earnings of major German firms will increase more rapidly than those of US firms next year, driven by the stimulus efforts of the German government.
Published on June 9, 2025
By Iris Barker
Business & Finance
Anglo American prepares for De Beers formal sale procedure
Anglo American Plc, the firm that owns De Beers, is getting ready to start formal selling procedures for the diamond miner following indications of interest from possible purchasers, including two…
Published on June 6, 2025
By Iris Barker
Economics
Lagarde: ECB nears end of rate-cutting cycle
The European Central Bank is approaching the conclusion of its monetary easing phase after yet another rate reduction, announced ECB president Christine Lagarde at a press conference after the June…
Published on June 6, 2025
By Iris Barker
World & Politics
EC to present a plan to reject Russian energy supplies on 17 June
According to Bloomberg's report on Wednesday, sources indicate that the European Commission (EC) plans to announce on June 17 a strategy for phasing out Russian energy supplies by the end…
Published on June 4, 2025
By Iris Barker
Economics
GIA to stop grading man-made diamonds by natural diamond standards in 2025
The Gemological Institute of America (GIA), the biggest certification lab, announced that in 2025 it will cease grading lab-grown diamonds using the standards applied to natural diamonds.
Published on June 4, 2025
By Iris Barker
World & Politics
South Korea holds presidential election
On Tuesday, citizens of South Korea will go to the polls to vote for the new president of the nation.
Published on June 3, 2025
By Iris Barker
Business & Finance
Bristol Myers to pay up to $11.1bn to BioNTech for cancer drug license
US pharmaceutical firm Bristol Myers Squibb will spend as much as $11.1bn to Germany's BioNTech for a license related to the cancer treatment BNT327.
Published on June 3, 2025
By Iris Barker
Economics
Eurozone consumer lending hits highest since 2023
In April, the total amount of consumer loans issued in the eurozone rose by 1.9% compared to the same period last year, reaching €6.99 trillion, states the European Central Bank.
Published on June 1, 2025
By Iris Barker
Economics
IDC downgrades forecast for global smartphone shipments growth in 2025 to 0.6% from 2.3%
International Data Corporation (IDC) has revised down its prediction for the growth of global smartphone shipments in 2025 to 0.6%, a decrease from the February estimate of 2.3%.
Published on June 1, 2025
By Iris Barker
World & Politics
EC chief prioritizes investment in security and EU enlargement
Ursula von der Leyen, President of the European Commission (EC), has emphasized that investing in security and the inclusion of new nations into the European Union are “key imperatives” for…
Published on May 29, 2025
By Iris Barker
Business & Finance
Telegram places $1.7 billion convertible bond offering
Telegram has issued convertible bonds totaling $1.7 billion. The funds will be applied to pay off current debt and lengthen the maturity period of the debt, writes Bloomberg.
Published on May 29, 2025
By Iris Barker
Economics
EU and UAE begin talks on free trade agreement
The European Commission (EC) announced on Wednesday that the European Union and the United Arab Emirates (UAE) have officially begun discussions on a bilateral free trade agreement.
Published on May 29, 2025
By Iris Barker
World & Politics
Musk resigns as head of DOGE
US entrepreneur Elon Musk has declared that he will step down from his role as head of the Department of Government Efficiency (DOGE) in order to reduce expenses.
Published on May 29, 2025
By Iris Barker
Economics
Citi improves short-term forecast for gold to $3100-3500 per ounce
According to a forecast by analysts at Citigroup Inc., the gold price could stabilize between $3100 and $3500 per troy ounce in the near term because of rising trade tensions…
Published on May 27, 2025
By Iris Barker
World & Politics
Court acquits former Austrian Chancellor Kurz in perjury case
A court has cleared former Austrian Chancellor Sebastian Kurz, who received an eight-month suspended prison sentence in 2024 for lying under oath during a parliamentary investigation into purported corruption in…
Published on May 27, 2025
By Iris Barker
Business & Finance
RedBird Capital to buy publisher of The Telegraph at £500m valuation
US investment firm RedBird Capital Partners has announced its agreement to acquire UK-based Telegraph Media Group (TMG), the publisher of The Telegraph newspaper, in a transaction with an enterprise value…
Published on May 25, 2025
By Iris Barker
Science & Technology
Google and Kering subsidiary to develop AI glasses
Italy's Kering Eyewear, a subsidiary of the French luxury brand Kering, will collaborate with Alphabet Inc.'s Google from the U.S. to create AI glasses.
Published on May 25, 2025
By Iris Barker
Management
Walmart plans to cut 1,500 office jobs
American Walmart Inc., the largest retailer in the U.S., intends to eliminate 1.5 thousand office positions in the country as part of a strategy to streamline expenses and accelerate decision-making,…
Published on May 22, 2025
By Iris Barker
Business & Finance
Honeywell buys Johnson Matthey division for £1.8 billion
British manufacturer of autocatalysis materials, Johnson Matthey, has finalized a deal to sell its Catalyst Technologies division to US-based Honeywell International for £1.8 billion ($2.4 billion).
Published on May 22, 2025
By Iris Barker
Economics
ECB’s Guindos: The regulator is close to achieving inflation target
Luis de Guindos, the Deputy President of the European Central Bank (ECB), stated that the Eurozone is nearing its inflation target due to reduced energy costs and the stronger euro.
Published on May 21, 2025
By Iris Barker
Business & Finance
Swiss authorities order Booking.com to cut commissions for hotels
The Swiss pricing regulator has instructed the American online hotel reservation platform Booking.com, managed by Booking Holdings, to decrease its prices in Switzerland, according to a statement from the watchdog.
Published on May 21, 2025
By Iris Barker
World & Politics
Britain intends to impose sanctions on Israeli cabinet officials
According to The Times, citing sources, Britain and several international allies are prepared to enforce sanctions against high-ranking officials in the Israeli government.
Published on May 21, 2025
By Iris Barker
Business & Finance
Maruti Suzuki plans to double car production in India by 2030
Maruti Suzuki, a subsidiary of Japan's Suzuki Motor and India's largest automobile manufacturer, intends to increase its vehicle production in the nation to 4 million by 2030, according to the…
Published on May 21, 2025
By Iris Barker
Business & Finance
U.S. Commerce Secretary to renounce shareholding in several companies
US Secretary of Commerce Howard Lutnick has consented to sell or transfer shares in several companies in line with a government ethics agreement, according to The Wall Street Journal.
Published on May 20, 2025
By Iris Barker
World & Politics
EC chief: Defense partnership agreement with Britain will strengthen international cooperation
European Commission (EC) President Ursula von der Leyen is of the opinion that the EU's security and defense partnership deal with Britain will enhance collaboration between the two in the…
Published on May 20, 2025
By Iris Barker
World & Politics
Biden diagnosed with aggressive form of cancer with metastasis
Doctors have diagnosed former US President Joseph Biden as having “a severe type of prostate cancer that has metastasized to the bones.”
Published on May 18, 2025
By Iris Barker
Management
Inditex to replace its Chief Financial Officer
Spain's Industria de Diseno Textil SA (Inditex), a leading global apparel retailer, announced that it is replacing its chief financial officer.
Published on May 18, 2025
By Iris Barker
Business & Finance
French Engie boosts quarterly revenue by 5.6%
The French energy firm Engie raised its revenue by 5.6% in the first quarter and reiterated its annual outlook.
Published on May 15, 2025
By Iris Barker
Economics
JPMorgan head expects recession in the U.S.
According to JPMorgan Chase CEO Jamie Dimon, a recession in the US economy remains a possibility even after the recent decrease in reciprocal import tariffs with China.
Published on May 15, 2025
By Iris Barker
Management
Microsoft to cut 3% of jobs as part of management structure optimization
American technology giant Microsoft Corp. intends to reduce its workforce by 3%, writes CNBC citing a statement from the company's spokesperson.
Published on May 14, 2025
By Iris Barker
Economics
Share of overdue loans in the US hits 5 years maximum in Q1
The proportion of overdue consumer loans in the US increased in the first quarter, reaching its highest point in five years because of the restart of student loan data release.
Published on May 14, 2025
By Iris Barker
World & Politics
Colombian President speaks in favor of joining the Belt and Road Initiative
Colombia is prepared to participate in China's Belt and Road Initiative, announced President Gustavo Petro.
Published on May 13, 2025
By Iris Barker
Business & Finance
Bayer to cut more than 200 employees in German crop protection products segment
German pharmaceutical and chemical company Bayer announced plans to reduce its workforce by over 200 employees as part of restructuring its crop protection products division in Germany.
Published on May 13, 2025
By Iris Barker
World & Politics
Pope Leo XIV calls for peace in Ukraine in his first Sunday address
Pope Leo XIV, in his inaugural Sunday message to the congregation, has urged for peace in Ukraine and the Gaza Strip. “I hold in my heart the pain of the…
Published on May 11, 2025
By Iris Barker
Business & Finance
OpenAI starts talks with Microsoft about new funding and future IPO
According to the Financial Times sources, OpenAI is negotiating a new partnership agreement with Microsoft that would facilitate an IPO while safeguarding the software giant's access to cutting-edge artificial intelligence…
Published on May 11, 2025
By Iris Barker
World & Politics
American cardinal becomes Pope, he will take the name Leo XIV
The Vatican has declared that American Cardinal Robert Francis Prevost has ascended to the papacy and will be known as Leo XIV.
Published on May 8, 2025
By Iris Barker
Economics
European Parliament approves rules to protect EU from foreign investment risks
On Thursday, the European Parliament (EP) approved updated regulations regarding “mitigating security threats from foreign investments,” according to the EP press office.
Published on May 8, 2025
By Iris Barker
Economics
Rapaport: U.S. tariffs are to blame for rise in polished diamond prices in April
The price index for polished diamonds weighing 1 carat increased by 0.7 percent in April, according to Rapaport, the organization that computes the industry benchmark known as the RapNet Diamond…
Published on May 7, 2025
By Iris Barker
