Iris Barker
Business & Finance
Bloomberg: XPeng interested in the IPO of its “flying” electric car division
China's XPeng, a major electric vehicle manufacturer, is reportedly evaluating an initial public offering for a subsidiary focused on the creation of "flying" electric cars, Xpeng Aeroht, according to Bloomberg's…
Published on May 7, 2025
By Iris Barker
World & Politics
EU urges India and Pakistan to take steps toward de-escalation
The EU is actively observing the tensions in the relationship between India and Pakistan and thinks both parties should make efforts to reduce tensions, stated Anouar El Anouni, spokesperson for…
Published on May 7, 2025
By Iris Barker
Science & Technology
Cisco unveils prototype chip for quantum data centers
U.S. network hardware manufacturer Cisco Systems Inc. has introduced a prototype network chip intended for quantum data centers, potentially shortening the timeline for making quantum computing practically applicable to 5-10…
Published on May 7, 2025
By Iris Barker
Economics
Qatari sheikh’s family office to invest $8.8bn to create financial hub in Maldives
The Financial Times reports that MBS Global Investments, a family office based in Dubai, plans to invest $8.8 billion over five years to establish a financial center in the Maldives.
Published on May 6, 2025
By Iris Barker
World & Politics
Trump administration will pay $1k each to illegal migrants if they voluntarily leave the US
The administration of US President Donald Trump is prepared to offer $1,000 in rewards to illegal immigrants who choose to exit the country voluntarily, the US Department of Homeland Security…
Published on May 6, 2025
By Iris Barker
World & Politics
Netanyahu pledges to answer the Houthis and Iran for the attack on Tel Aviv airport
Israeli Prime Minister Benjamin Netanyahu stated on Sunday that Israel will respond to a strike on Ben-Gurion airport by Yemen's Houthi rebels.
Published on May 5, 2025
By Iris Barker
Economics
Sources: OPEC+ to increase oil production by 411,000 bpd in June
The eight OPEC+ nations have once more chosen to hasten the elimination of previous voluntary limits on oil output of 2.2 million barrels per day (bpd) and to boost it…
Published on May 5, 2025
By Iris Barker
Economics
Pending home sales index in the U.S. in March hits maximum since 2023
The index of pending home sales in the U.S. secondary market increased by 6.1% in March compared to the previous month, reaching 76.5 points, according to the National Association of…
Published on May 2, 2025
By Iris Barker
Business & Finance
Novartis buys Regulus Therapeutics, deal expected to hit $1.7 bln
Swiss pharmaceutical firm Novartis AG announced it is acquiring US-based Regulus Therapeutics, which focuses on developing microRNA-based therapies.
Published on May 2, 2025
By Iris Barker
Business & Finance
US Commerce Secretary’s son to create $3 billion bitcoin fund with Tether and SoftBank
The American financial firm Cantor Fitzgerald, overseen by Brandon Lutnick, the son of U.S. Secretary of Commerce Howard Lutnick, intends to establish a $3 billion bitcoin fund in collaboration with…
Published on April 23, 2025
By Iris Barker
Business & Finance
EC fines Apple and Meta €700 million in total for violations of the Digital Markets Act
The European Commission (EC) has imposed a fine of €500 million on Apple and €200 million on Meta for breaching the Digital Markets Act (DMA), according to the regulator's website.
Published on April 23, 2025
By Iris Barker
Economics
Bank of England is advised to consider smaller QE in the face of future shocks
Megan Greene, a member of the UK central bank's Monetary Policy Committee (MPC), informed Bloomberg that the Bank of England ought to implement quantitative easing (QE) on a reduced scale…
Published on April 23, 2025
By Iris Barker
World & Politics
WP: The US intends to propose to Ukraine and Europe that they recognise Crimea as Russian territory
US negotiators at a meeting regarding the Ukrainian conflict in London on Wednesday will suggest that Ukraine and Europe acknowledge Crimea as Russian land and maintain the current front lines.…
Published on April 23, 2025
By Iris Barker
Economics
Head of Chicago Fed expects US economic activity to slump in summer
Austan Goolsbee, President of the Federal Reserve Bank of Chicago, cautioned that economic activity in the United States may decline this summer due to its current inflated levels, as businesses…
Published on April 22, 2025
By Iris Barker
Economics
Foreign direct investment in China rise by 13.2 per cent in March
According to China's Ministry of Commerce, foreign direct investment (FDI) in mainland China's economy increased by 13.2 percent in March 2025 compared to the same month in the previous year.
Published on April 22, 2025
By Iris Barker
Business & Finance
Bloomberg: Big CEOs sold millions of shares before Trump’s tariffs were announced
The leader of Meta Mark Zuckerberg, Oracle CEO Safra Catz, and JPMorgan Chase Chairman James Dimon sold shares worth millions prior to U.S. President Donald Trump's announcement of raised import…
Published on April 20, 2025
By Iris Barker
Economics
ECB head notes Eurozone economy growth in Q1
The economy of the Eurozone probably expanded in the first quarter, stated European Central Bank (ECB) Governor Christine Lagarde during a press conference after the regulator's April meeting.
Published on April 20, 2025
By Iris Barker
World & Politics
US and Ukraine sign memorandum on minerals deal
The USA and Ukraine have agreed to a memorandum that affirms their plans to finalize a minerals agreement. This was declared by Yulia Svyrydenko, the First Deputy Prime Minister and…
Published on April 17, 2025
By Iris Barker
Economics
IMF Head: Global trading system is resetting
Kristalina Georgieva, the leader of the International Monetary Fund (IMF), stated that the reset of the global trade system presents threats to its viability. She stated that this outcome has…
Published on April 17, 2025
By Iris Barker
World & Politics
EC wants to speed up the process of denying asylum in the EU to people from ‘safe countries’
On Wednesday, the European Commission (EC) revealed its plan to accelerate the execution of various elements of the migration and asylum agreement established last year, which involves streamlining the process…
Published on April 16, 2025
By Iris Barker
Business & Finance
U.S. Bancorp increases net profit by 30 per cent in Q1
In the first quarter of 2025, U.S. Bancorp reported a 30% rise in net income and a 3.6% increase in revenue, with both metrics surpassing analysts' forecasts.
Published on April 16, 2025
By Iris Barker
Business & Finance
Reuters learns about losses of semiconductor equipment manufacturers due to duties
According to Reuters, the tariffs implemented by US President Donald Trump might result in over $1 billion in costs for US semiconductor equipment producers.
Published on April 16, 2025
By Iris Barker
Economics
China’s economy grows by 5.4% in Q1
China's GDP for the first quarter of 2025 increased by 5.4% compared to the previous year, reaching 31.88 trillion yuan ($4.42 trillion). A preliminary estimate of this kind was issued…
Published on April 16, 2025
By Iris Barker
Business & Finance
German steelmaker Salzgitter leaves talks on its sale with €1.1B valuation
German steel producer Salzgitter announced it will cease discussions regarding its sale with GP Guenter Papenburg and TSR Recycling, according to a statement from Salzgitter.
Published on April 13, 2025
By Iris Barker
Economics
Brazil’s inflation in March hits two-year high, grows further
According to the state statistics agency IBGE, Brazil's consumer price growth rate increased to 5.48% in March, up from 5.06% in February, marking its highest level since February 2023.
Published on April 13, 2025
By Iris Barker
Business & Finance
UAE sovereign fund Mubadala agrees to enter LNG project and US gas production
Mubadala Energy, the sovereign fund of the Abu Dhabi government, announced it has reached an agreement to acquire 24.1% stake in the firm that possesses the US shale gas operations…
Published on April 10, 2025
By Iris Barker
World & Politics
UK may station troops in Ukraine for five years
The British armed forces, as part of a criticized "coalition of the willing," may be deployed in Ukraine for five years to assist a post-conflict peace agreement, reports The Telegraph.
Published on April 10, 2025
By Iris Barker
Business & Finance
Airbus delivers 136 airplanes to customers in Q1, ahead of Boeing
The European aerospace company Airbus supplied 136 commercial aircraft to clients during the first quarter of 2025, as opposed to 142 in the same period of 2024.
Published on April 9, 2025
By Iris Barker
Economics
WTO forecasts 80% decline in US-China trade
Analysts at the World Trade Organization believe that the trade volume in goods between China and the United States could decrease by 80% due to substantial mutual tariffs.
Published on April 9, 2025
By Iris Barker
Economics
EC proposes the US to return to zero tariffs on cars
European Commission President Ursula von der Leyen stated that the EU leadership has urged the US to revert to zero reciprocal tariffs on industrial product imports, which include vehicles. She…
Published on April 9, 2025
By Iris Barker
World & Politics
Analysts: Germany loses attraction for refugees
Germany has lost its position as the top EU country for asylum applications for the first time since 2011, falling behind France.
Published on April 9, 2025
By Iris Barker
World & Politics
Multi-million protests held in the US against Trump’s policies
CNN reported that millions participated in rallies against the policies of President Donald Trump and Government Efficiency Executive Elon Musk across all 50 US states and globally.
Published on April 6, 2025
By Iris Barker
Economics
JPMorgan raises global recession forecast to 60% from 40%
According to analysts at J.P. Morgan Chase, the likelihood of a recession in the global economy by 2025 has increased to 60% from 40% following the U.S. hike in import…
Published on April 6, 2025
By Iris Barker
Economics
Southeast Asian authorities count on talks with US over new tariffs
Countries in Southeast Asia, significantly affected by new US tariffs, are relying on negotiations with Washington to address the issue, according to media.
Published on April 4, 2025
By Iris Barker
Business & Finance
Hershey to buy popcorn maker LesserEvil for $750 mln
U.S. chocolate manufacturer Hershey Co. is acquiring popcorn and snack producer LesserEvil. According to sources, The Wall Street Journal reported that the agreement will amount to approximately $750 million.
Published on April 4, 2025
By Iris Barker
Management
UBS cuts jobs in Italy as part of Credit Suisse business integration
Swiss UBS Group AG intends to reduce 180 positions in Italy as part of integrating the operations of its recently acquired competitor Credit Suisse.
Published on April 2, 2025
By Iris Barker
Economics
Demand for China’s first green sovereign bonds exceeded placed volume almost 8 times
The demand for China’s inaugural green sovereign bonds, issued in London, surpassed 47 billion yuan ($6.5 billion).
Published on April 2, 2025
By Iris Barker
Business & Finance
Court rejects Johnson & Johnson’s plan to settle talcum-related disputes for $9 billion
Texas bankruptcy judge Christopher Lopez has dismissed a proposal from US health products manufacturer Johnson & Johnson (J&J) aimed at resolving current and future lawsuits concerning the use of talcum…
Published on April 2, 2025
By Iris Barker
World & Politics
EU concerned about China’s drills around Taiwan
The EU is directly invested in maintaining the current situation in the Taiwan Strait and views China's activities near Taiwan's coast as a threat to both regional and global security.
Published on April 2, 2025
By Iris Barker
World & Politics
Myanmar earthquake death toll tops 2,000
The State Administrative Council of Myanmar stated, as reported by Xinhua news agency, that over 2,000 individuals died due to an earthquake in Myanmar. Local officials report that 3,900 individuals…
Published on April 1, 2025
By Iris Barker
Business & Finance
WSJ: Musk is in conflict with Apple over investment in satellite communications
The American company Apple entered in a dispute with billionaire Elon Musk, Tesla and SpaceX founder, reports The Wall Street Journal. Based on its information, Apple and SpaceX are vying…
Published on April 1, 2025
By Iris Barker
Science & Technology
Daimler Truck to implement AI in military vehicles in partnership with ARX Robotics
The German truck maker Daimler Truck announced its collaboration with local defense startup ARX Robotics to integrate robotics and AI technology into its military vehicle platforms.
Published on March 31, 2025
By Iris Barker
Management
British media company Sky to close three of its ten call centers
The British telecommunications and media firm Sky plans to shut down three of its ten call centers in the UK, which could result in layoffs of as many as 2,000…
Published on March 31, 2025
By Iris Barker
World & Politics
Bloomberg: Agreement with Kiev stipulates U.S. control over investments in natural resources
According to Bloomberg, citing sources, the United States seeks to oversee upcoming investments in Ukraine's infrastructure and mineral resource sector as part of a revised draft agreement regarding Ukrainian natural…
Published on March 27, 2025
By Iris Barker
Business & Finance
TotalEnergies, Equinor and Shell decide to expand CO2 storage in the North Sea
TotalEnergies, Equinor, and Shell have approved the final investment decision (FID) for the second phase of the Northern Lights project, which will boost the design capacity for transportation and storage…
Published on March 27, 2025
By Iris Barker
Economics
Banking experts improve forecasts for China’s GDP amid economic stimulus
According to The Wall Street Journal, experts are increasingly optimistic about China's economic future due to significant stimulus measures enacted by Beijing, even in light of worries regarding potential trade…
Published on March 27, 2025
By Iris Barker
Economics
Canadian authorities to allocate $1.4 bln to help country’s auto sector amid trade war
Canadian Prime Minister Mark Carney has committed to dedicating 2 billion Canadian dollars ($1.4 billion) to establish a “strategic fund” to support the domestic auto industry during the trade conflict…
Published on March 27, 2025
By Iris Barker
Business & Finance
AI firm Cerebras delays IPO due to national security scrutiny of investments
Cerebras, an artificial intelligence startup, has delayed its initial public offering in the United States due to national security investigations carried out by the Committee on Foreign Investment in the…
Published on March 25, 2025
By Iris Barker
World & Politics
WHO notes growing tuberculosis incidence among children in the European Region
In 2023, the occurrence of tuberculosis in children younger than 15 years in the European Region rose by 10% relative to the year before. This information is provided by the…
Published on March 25, 2025
By Iris Barker
Economics
ECB ponders new rate cuts
Piero Cipollone, a member of the ECB Governing Council, informed the Spanish publication Expansion that the case for additional monetary easing by the European Central Bank has strengthened since the…
Published on March 25, 2025
By Iris Barker
