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Iris Barker


Tesla aborts FSD self-driving feature testing in China

Tesla, headquartered in the US, has ceased free testing of its Full Self-Driving (FSD, โ€œautopilotโ€) autonomous driving system in China and plans to make it available after obtaining regulatory approval,โ€ฆ
Published on March 25, 2025
By Iris Barker

China declares readiness to protect economy from external shocks

Chinese officials are ready to protect the nation's economy from potentially bigger-than-anticipated difficulties, primarily stemming from external sources, stated Chinaโ€™s Premier Li Qiang on Sunday.
Published on March 23, 2025
By Iris Barker

Johnson & Johnson to invest $55 billion in the US over the next four years

The American health products manufacturer Johnson & Johnson (J&J) plans to invest over $55 billion in the U.S. economy within the next four years.
Published on March 23, 2025
By Iris Barker

Pharma companies Mallinckrodt and Endo agree to merge

Pharmaceutical firms Mallinckrodt Plc and Endo Inc. have reached an agreement to merge, as stated in their combined press release.
Published on March 13, 2025
By Iris Barker

Amazon, Google and Dow support tripling nuclear power production

A coalition of major energy users from various industries has committed to supporting a plan aimed at greatly enhancing global nuclear power generation capacity, as reported on the World Nuclearโ€ฆ
Published on March 13, 2025
By Iris Barker

US budget deficit grew by 3.6% in February, by 38% in 5 months of the fiscal year

The Treasury Department reported that the U.S. budget deficit for February reached $307.017 billion, representing a 3.6% increase from the same month last year ($296.275 billion).
Published on March 13, 2025
By Iris Barker

Brussels reaffirms EU’s role as JCPOA coordinator on Iran’s nuclear program

The EU continues to serve as the coordinator of the Joint Comprehensive Plan of Action (JCPOA) regarding Iran's nuclear program, as specified in UN Security Council Resolution 2231, stated Anouarโ€ฆ
Published on March 13, 2025
By Iris Barker

WSJ: Talks on the June meeting between Trump and Xi Jinping start

The United States and China initiated talks about arranging a meeting between their leaders, Donald Trump and Xi Jinping, in June 2025, according to The Wall Street Journal, which citesโ€ฆ
Published on March 11, 2025
By Iris Barker

OpenAI signs nearly $12 billion contract with data center operator CoreWeave

American OpenAI has entered into a five-year agreement worth $11.9 billion with the data center provider CoreWeave, reports the Financial Times citing sources.
Published on March 11, 2025
By Iris Barker

Elon Musk becomes $100bn poorer since the beginning of the year

Elon Musk's wealth has declined by over $100bn since the start of the year.
Published on March 9, 2025
By Iris Barker

US court orders China to pay $24bn for concealing the start of the COVID-19 epidemic

A Missouri court has held Chinese officials accountable for concealing the origins of the COVID-19 pandemic and has ordered them to pay over $24 billion, which local authorities plan toโ€ฆ
Published on March 9, 2025
By Iris Barker

Analysts name world’s top polluting companies

Fifty percent of worldwide CO2 emissions originate from oil, gas, and coal generated by only 36 leading energy firms. This information is included in the report Carbon Majors, developed byโ€ฆ
Published on March 5, 2025
By Iris Barker

Macron announces discussion on nuclear extension in the EU

French President Emmanuel Macron is prepared to initiate talks on placing the EU under the nationโ€™s โ€œnuclear umbrella.โ€ He made this remark while discussing the recent statement by Friedrich Merz,โ€ฆ
Published on March 5, 2025
By Iris Barker

S&P: Global sovereign borrowings will reach $12.3 trillion in 2025

The rating agency Standard & Poor's predicts that by 2025, global sovereign debt will increase by 3% and hit $12.3 trillion.
Published on March 4, 2025
By Iris Barker

Aramco hits Saudi Arabia’s budget

Saudi energy firm Aramco, in its 2024 report, revealed a major cut in dividends. According to Bloomberg, this choice will significantly impact the Saudi budget.
Published on March 4, 2025
By Iris Barker

Reuters: Production of new Honda Civic has been shifted from Mexico to the U.S. due to duties

Japan's Honda has chosen to manufacture its next-generation hybrid Civic in Indiana (US) instead of Mexico to evade potential tariffs on one of its most popular car models, three sourcesโ€ฆ
Published on March 4, 2025
By Iris Barker

Shares of Mixue, the largest bubble tea chain, soared 43% after its IPO in Hong Kong

Shares of Mixue Group, the largest bubble tea chain in China, surged 43.2% on their debut trading day following the IPO in Hong Kong, according to trading data.
Published on March 4, 2025
By Iris Barker

Trump to create US cryptocurrency reserve fund

US President Donald Trump has requested the initiation of efforts to establish a US cryptocurrency reserve fund.
Published on March 2, 2025
By Iris Barker

FT: Prada sets to buy Versace for โ‚ฌ1.5 billion

The Financial Times (FT) reports, citing sources, that Italian fashion brand Prada is the most probable purchaser of Versace from Capri Holdings.
Published on March 2, 2025
By Iris Barker

Agnelli family to sell 4% stake in Ferrari

The Agnelli family, which possesses a majority share in Ferrari via Exor Holding, will decrease its ownership in the firm. The holding plans to divest approximately 7 million shares inโ€ฆ
Published on February 28, 2025
By Iris Barker

Reuters: Over 1,000 Syrians killed in detention at military airfield under Assad

Over 1,000 Syrian individuals have perished in custody at the Mezzeh military airfield near Damascus due to executions, torture, and mistreatment during the tenure of former Syrian President Bashar al-Assad.
Published on February 28, 2025
By Iris Barker

U.S. holds North Korea responsible for stealing $1.5 billion from ByBit crypto exchange

On February 26, the U.S. Federal Bureau of Investigation issued an alert stating that it holds North Korean officials accountable for the $1.5 billion theft of Ethereum cryptocurrency from theโ€ฆ
Published on February 27, 2025
By Iris Barker

Stellantis expects revenue growth after profits plunge 70% in 2024

Automaker Stellantis has projected a return to revenue growth in 2025 following a significant decline in profits in 2024, according to a company statement reported by CNBC. Stellantis encompasses carโ€ฆ
Published on February 27, 2025
By Iris Barker

BP to renege on promise to cut oil and gas production

Energy firm British Petroleum (BP) will break its commitment to reduce oil and gas output on February 26, according to the Financial Times (FT), referencing sources knowledgeable about the strategy.
Published on February 26, 2025
By Iris Barker

Bundesbank suffer losses for the first time since 1979

By the end of 2024, the Bundesbank (Germany's Federal Bank) reported losses amounting to โ‚ฌ19.2 billion, based on its statements. The German regulatory authority experienced financial losses for the firstโ€ฆ
Published on February 26, 2025
By Iris Barker

Britain and India resume talks on free trade agreement

Britain and India restarted discussions on a free trade agreement on Monday, as stated in a joint announcement by the two nations released on the British government's website.
Published on February 25, 2025
By Iris Barker

Apple wants to create 20 thousand jobs in the United States

Apple Corporation announced it plans to invest $500 billion in the United States over the next four years and will generate 20,000 jobs in research and development.
Published on February 25, 2025
By Iris Barker

German auto industry to expand production in the U.S. to circumvent customs duties

Leading German car manufacturers have devised strategies to restructure their production facilities to reduce the impact of anticipated tariffs on vehicles in the United States. Reuters has discovered that Audiโ€ฆ
Published on February 23, 2025
By Iris Barker

Vatican: the Pope is experiencing the onset of kidney failure

Health of Pope Francis's, who is still undergoing treatment at Rome's Gemelli hospital, is critical; however, since Saturday, February 22, he has not experienced any respiratory issues, reports the Italianโ€ฆ
Published on February 23, 2025
By Iris Barker

Renault: We find partnership with Geely more natural than with Nissan

Renault SA's collaboration with China's Geely might be more organic than the French carmaker's enduring partnership with Nissan Motor, writes Bloomberg referring to words of Renault's CEO, Luca de Meo.
Published on February 21, 2025
By Iris Barker

Bloomberg: G7 countries will refuse to tighten Russian oil prices cap

The G7 nations declined the proposal to tighten the price cap on Russian oil In the upcoming communiquรฉ marking the third anniversary of the onset of the Russian military operation,โ€ฆ
Published on February 21, 2025
By Iris Barker

Electric truck manufacturer Nikola files for bankruptcy

Nikola Corp. has disclosed that it has submitted a petition to the Bankruptcy Court for the District of Delaware under Chapter 11 of the U.S. Bankruptcy Code. The company alsoโ€ฆ
Published on February 20, 2025
By Iris Barker

Reuters: Three tankers in the Mediterranean Sea damaged by explosions in the last month

According to Reuters, citing shipping and security sources, three tankers have sustained damage from explosions in the Mediterranean Sea over the last month.
Published on February 20, 2025
By Iris Barker

Japanese economy hits stagnation

As per the findings of 2024, Japan's GDP increased by just 0.1%, based on the information from the country's Cabinet of Ministers. This is significantly worse than the outcome ofโ€ฆ
Published on February 17, 2025
By Iris Barker

Shares of EU defense companies rise on expectations of increased defense spending

According to trading data cited by the Financial Times, shares of defense firms in Europe and Britain are rising as investors anticipate that local governments will ramp up their defenseโ€ฆ
Published on February 17, 2025
By Iris Barker

CNN: Saudi Arabia to mediate in talks between Russia and the USA

The Saudi authorities aim to offer not just a venue for discussions between Russia and the United States regarding the Ukrainian resolution, but also to facilitate the negotiations, a sourceโ€ฆ
Published on February 17, 2025
By Iris Barker

UN backs ban on transgender women competing against women in US sports

On February 5, US President Donald Trump issued an executive order prohibiting transgender women from competing in women's sports events.
Published on February 14, 2025
By Iris Barker

Chevron to cut up to 20% of employees

Chevron, an American oil and gas firm, intends to reduce its workforce by 15% to 20% by the close of 2026.
Published on February 14, 2025
By Iris Barker

The EU is discussing temporary limitation of gas prices

According to the Financial Times, citing three informed sources, EU officials are considering implementing temporary limits on gas prices, which have surged to their highest levels in over two years.
Published on February 13, 2025
By Iris Barker

Former top executives of crypto exchange Binance raise $5 million for Blum app

Trading app Blum, secured $5 million through pre-seed and seed funding rounds, aims to develop into a multichain platform, and is launching an AI-driven Memepad, according to Blum's press team.โ€ฆ
Published on February 13, 2025
By Iris Barker

Bloomberg: EU lost โ‚ฌ3 bln due to higher gas prices

According to Bloomberg, buying gas in European nations for the summer of 2025 has turned out to be pricier than for the upcoming winter. As per its assessments, filling theโ€ฆ
Published on February 12, 2025
By Iris Barker

Used electric car sales hit record high in the UK

The British Association of Motor Manufacturers and Traders revealed information regarding the sales of pre-owned vehicles in the nation for 2024.
Published on February 12, 2025
By Iris Barker

EU authorizes adding UV-treated mealworm powder to foods

According to a publication from the European Commission, the authorization to use powder from mealworm beetle larvae, which is now acknowledged as a โ€œnew food product,โ€ took effect on Mondayโ€ฆ
Published on February 10, 2025
By Iris Barker

Shein requests suppliers to open production facilities in Vietnam

According to Bloomberg's sources, fast fashion giant Shein, a Chinese firm based in Singapore, is urging several of its top suppliers in China to establish production sites in Vietnam.
Published on February 10, 2025
By Iris Barker

8 thousand gold bars are withdrawn from the Bank of England due to growing demand

Since late 2024, traders have taken out roughly 8 thousand gold bars from the Bank of England, worrying about the impact of US President Donald Trump's foreign policy, reports Theโ€ฆ
Published on February 10, 2025
By Iris Barker

EC says said that uncertainty in relations with the United States is growing

President of the European Commission (EC), Ursula von der Leyen, stated that uncertainty in the relationship between the European Union (EU) and the United States is increasing. This is dueโ€ฆ
Published on February 10, 2025
By Iris Barker

Anticipation of duties result in increased imports into the U.S. from China, the EU and Mexico

The US foreign trade deficit for 2024 increased by 17% to $918.4 billion, the highest level since 2021, driven by a surge in imports leading up to the presidential electionโ€ฆ
Published on February 6, 2025
By Iris Barker

Qualcomm shares fall amid concerns about slowing smartphone market growth

Qualcomm's shares, the leading provider of smartphone chips globally, declined by 4.6% in after-hours trading on the Nasdaq due to worries from investors that demand for new mobile devices mightโ€ฆ
Published on February 6, 2025
By Iris Barker

TotalEnergies’ profit falls by 21%

TotalEnergies concluded 2024 with a revised net income of $18.3 billion.
Published on February 6, 2025
By Iris Barker

Israel follows the US in announcing its withdrawal from the UN Human Rights Council

Israel backs the United States and plans to exit the UN Human Rights Council (UNHRC).
Published on February 6, 2025
By Iris Barker
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