Iris Barker
World & Politics
US imposes duties on goods from Canada, China and Mexico
US President Donald Trump issued an executive order regarding tariffs on products from Canada, China, and Mexico. For China, the percentage will be 10%, for Mexico it will be 25%,…
Published on February 2, 2025
By Iris Barker
Economics
EU producers call for higher duties on Russian fertilizers
European fertilizer manufacturers are urging the European Commission (EC) to raise tariffs on goods from Russia, as the existing duties are not effective, according to the Financial Times. They believe…
Published on February 2, 2025
By Iris Barker
World & Politics
Italy blocks DeepSeek
The Italian Data Protection Authority has limited the activities of the Chinese AI model DeepSeek. The justification provided is the safeguarding of Italians' information. The prior morning, DeepSeek could not…
Published on January 30, 2025
By Iris Barker
Business & Finance
Norway’s pension fund sees record profits of $222 billion
Norway's Government Pension Fund Global (GPFG), the largest pension fund globally with assets totaling $1.8 trillion, achieved a historic return of $222 billion in 2024, as reported by Norges Bank…
Published on January 30, 2025
By Iris Barker
Economics
EU signs comprehensive partnership treaty with Jordan
The European Union (EU) and Jordan have agreed to a strategic and comprehensive partnership agreement.
Published on January 30, 2025
By Iris Barker
Economics
Ray Dalio compares the hype around artificial intelligence to the dot-com bubble
Billionaire investor Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund, told the Financial Times that U.S. market stocks are in a situation akin to the earlier collapse…
Published on January 29, 2025
By Iris Barker
Science & Technology
Reuters: China is possibly constructing a major research center
According to a report by Reuters, experts from CNA Corp and the James Martin Center for Nonproliferation Studies (CNS) indicate that China is probably constructing a significant laser fusion research…
Published on January 29, 2025
By Iris Barker
Business & Finance
Nvidia loses over $600 billion in capitalization amid the success of China’s DeepSeek
Shares of American semiconductor company Nvidia, known for its focus on artificial intelligence, dropped by 17.8%, resulting in a capitalization loss of approximately $620 billion, reports the Financial Times. The…
Published on January 28, 2025
By Iris Barker
Economics
Denmark to allocate $2.05B to strengthen military presence in the Arctic
The Danish government has reached an agreement with parliamentary parties to enhance military deployment in the Arctic. 14.6 billion kroner ($2.05 billion) will be designated to this end, according to…
Published on January 28, 2025
By Iris Barker
Business & Finance
Rolls-Royce awarded $11 billion contract for nuclear submarine reactors
The UK Ministry of Defense revealed that it has awarded a contract to the British firm Rolls-Royce Holdings for the designing, building, and technical assistance of nuclear reactors for the…
Published on January 26, 2025
By Iris Barker
World & Politics
Bild: German chancellor candidate intents to impose a state of emergency because of migrants
Friedrich Merz, the candidate for chancellor of Germany from the Christian Democratic and Christian Social Union (CDU/CSU) bloc, aims to implement a state of emergency due to migrants.
Published on January 26, 2025
By Iris Barker
Science & Technology
Musk criticizes AI project of OpenAI, SoftBank and Oracle
The wealthiest person globally, Elon Musk (Forbes real-time wealth of $427.5 billion), has raised doubts about the feasibility of the multi-billion-dollar collaboration between OpenAI, SoftBank Group, and Oracle for artificial…
Published on January 24, 2025
By Iris Barker
Business & Finance
Spotify founder’s biotech startup raises $260 million to open clinics in US
Neko Health, a company focused on body-scanning diagnostics, has secured $260 million to launch its clinics across the US, according to the Financial Times, referencing the startup's founder Daniel Ek,…
Published on January 24, 2025
By Iris Barker
Economics
European Stoxx 600 hits record level
On January 22, the Stoxx 600, a pan-European index, increased by 0.8% to an all-time high of 529.88 points. Numerous specialists credit this, among other factors, to the reality that…
Published on January 23, 2025
By Iris Barker
Economics
Saudi Arabia promises to increase investment and trade with the US by $600 billion
On the night of January 22, US President Donald Trump spoke on the phone with Saudi Crown Prince Mohammed bin Salman Al Saud.
Published on January 23, 2025
By Iris Barker
Business & Finance
Denmark’s Orsted announces $1.7 billion in write-downs in the US
Orsted, the largest wind farm operator globally in terms of the number of plants, will decrease the value of its US division by $1.7 billion.
Published on January 22, 2025
By Iris Barker
Economics
Saudi Aramco head forecasts oil demand growth in 2025
Amin Nasser, head of Saudi Aramco, informed Reuters at the World Economic Forum in Davos that oil demand is set to increase by 1.3 million barrels daily by 2025.
Published on January 22, 2025
By Iris Barker
Economics
Oxfam: Number of billionaires grows again in 2024
In 2024, the number of billionaires in the world increased by 204 people, to 2769. The total wealth of billionaires for the year increased by $2 trillion, states an annual…
Published on January 21, 2025
By Iris Barker
World & Politics
Biden pardons members of his family in the final hours of his presidency
Democrat Joe Biden, who officially departed as head of the United States on January 20, granted pardons to family members in the final hours of his presidency, as stated in…
Published on January 21, 2025
By Iris Barker
Business & Finance
Melania Trump follows her husband in launching her own memecoin
Melania Trump joins her husband by introducing her own memecoin.
Published on January 19, 2025
By Iris Barker
World & Politics
Scholz calls Musk’s support of right-wing parties in Europe unacceptable
German Chancellor Olaf Scholz expressed concern over billionaire Elon Musk's backing of right-wing parties in Europe, particularly in Germany and the UK. He believes that this kind of support is…
Published on January 19, 2025
By Iris Barker
Economics
U.S. White House: Americans cannot make online payments safely
According to a press release on the White House website, U.S. citizens cannot securely conduct online transactions, which results in $56 billion lost each year to identity theft fraudsters.
Published on January 17, 2025
By Iris Barker
Business & Finance
Volkswagen denies reports of selling plants to Chinese companies
Speculations suggest that Volkswagen could possibly sell some of its future plants in Germany to Chinese firms, while joint ventures with a "third party" remain a possibility, according to Christopher…
Published on January 17, 2025
By Iris Barker
World & Politics
Bloomberg: Canada is preparing to impose duties on $105 bln worth of US goods
The Canadian officials have completed the list of U.S. products valued at $105 billion that will incur tariffs.
Published on January 15, 2025
By Iris Barker
Business & Finance
Italy’s largest bank Intesa buys bitcoins for the first time
Intesa Sanpaolo, the largest banking group in Italy, acquired 11 bitcoins valued at €1 million, marking its initial cryptocurrency purchase, as reported by Bloomberg referencing the bank's announcement.
Published on January 15, 2025
By Iris Barker
World & Politics
New fee for entry into New York center cuts city traffic by 7.5%
Following the January 5 initiation of a program to levy fees on vehicles entering specific zones in downtown New York City, city traffic has noticeably decreased, resulting in fewer traffic…
Published on January 15, 2025
By Iris Barker
Economics
EU cuts greenhouse gas emissions by 7% in 2023
Producers across nearly all sectors of the EU economy lowered greenhouse gas emissions from 2013 to 2023.
Published on January 15, 2025
By Iris Barker
World & Politics
US wants the world’s AI centers to run on their technologies only
White House: U.S. aims for global data centers to operate solely with American technology.
Published on January 14, 2025
By Iris Barker
Business & Finance
Number of bankruptcies in Germany reaches the 2008 global crisis level
The count of bankruptcies among firms and individuals in the Federal Republic of Germany for 2024 grew by nearly 17% compared to the previous year, and on a quarterly basis,…
Published on January 14, 2025
By Iris Barker
World & Politics
EU cuts greenhouse gas emissions by over 8 per cent in 2023
The EC released a report on Thursday revealing that the EU decreased greenhouse gas emissions by over 8% in 2023 compared to the prior year, thanks to a rise in…
Published on November 1, 2024
By Iris Barker
Economics
FT: Chinese sanctions hit US supplier of UAVs to Ukraine
Skydio, a US drone producer, is encountering a supply chain dilemma due to sanctions implemented by China, as per the report from the Financial Times (FT). The company's drones are…
Published on November 1, 2024
By Iris Barker
Business & Finance
China’s BYD surpasses Tesla in revenue for the first time
China's top NEV manufacturer, BYD Co., saw a significant increase in net profit and revenue during the third quarter, reaching all-time highs.
Published on October 31, 2024
By Iris Barker
World & Politics
Taiwan evacuates over 6,000 people due to typhoon
Over 6 thousand individuals in Taiwan are required to evacuate due to the impending typhoon. Rescuers have already begun to evacuate inhabitants of Yilan and Haulian.
Published on October 31, 2024
By Iris Barker
World & Politics
Trump promises to impose new duties on imported goods
Ex-United States President and Republican nominee Donald Trump has pledged to impose tariffs on certain imported goods and strengthen measures against illegal immigrants if he wins the election.
Published on October 30, 2024
By Iris Barker
Science & Technology
China obliges state agencies to prioritize electric vehicles when buying cars
Chinese officials have implemented actions to back electric vehicle producers, instructing administrative units at all tiers and party and government organizations to increase the usage of new energy vehicles (NEVs).
Published on October 30, 2024
By Iris Barker
World & Politics
Venezuela expects to become gas exporter in the short term
Venezuela is getting ready to start exporting gas soon, according to Delcy Rodriguez, Executive Vice President and Minister of People's Power for Petroleum at national oil company PDVSA.
Published on October 21, 2024
By Iris Barker
Economics
IPO volume in Asia this week will be the highest in 2.5 years
According to Bloomberg, stock markets in the Asia-Pacific region are getting ready for their busiest week in two and a half years with companies racing to raise funds before the…
Published on October 21, 2024
By Iris Barker
Business & Finance
Vitol agrees to swap 0.5 million tons of US LNG with China’s China Gas
Swiss trader Vitol has engaged in a long-term exchange deal with China Gas Hongda Energy Trading Co., LTD. according to the trader.
Published on October 20, 2024
By Iris Barker
Economics
IMF extends forecast for end of conflict in Ukraine
The IMF recently published a revised report on Ukraine, adjusting its predictions for the length of the conflict in the country to extend until 2025 according to its baseline scenario.
Published on October 20, 2024
By Iris Barker
Economics
Analysts: Junk-rated US companies need to refinance $2 trillion in debt in 2025-2029
According to Moody's Ratings, American companies rated below investment grade in 2025-2029 will have to refinance debts totaling over $2 trillion.
Published on October 16, 2024
By Iris Barker
Science & Technology
Amazon unveils the first Kindle with a color screen
A new version of the Kindle e-book reader, which will include a color display, has been introduced by Amazon.com Inc.
Published on October 16, 2024
By Iris Barker
Business & Finance
Goldman Sachs increases net profit in Q3 by 1.5 times
Goldman Sachs Group Inc., a U.S. bank, saw its net profit in the third quarter rise by 1.5 times, surpassing market forecasts.
Published on October 15, 2024
By Iris Barker
World & Politics
EU says member states agree on €35 bln loan to Ukraine
A senior EU official told reporters that despite the ongoing conversation about Ukraine during the EU summit on October 17-18, member states have already reached a consensus on providing a…
Published on October 15, 2024
By Iris Barker
Management
Japan’s Kansai Electric to shut down nuclear reactor due to hole in equipment
Kansai Electric Power Co. in Japan reported the closure of a nuclear reactor due to the detection of a small hole in a pipeline.
Published on October 13, 2024
By Iris Barker
Business & Finance
Sanofi to sell 50% of OTC drugs unit to CD&R investment company
French pharmaceutical company Sanofi has initiated discussions with investment firm Clayton Dubilier & Rice (CD&R) regarding the potential sale of a 50% ownership stake in its Opella division, which specializes…
Published on October 13, 2024
By Iris Barker
World & Politics
Hurricane Milton passes through Florida, moves into the Atlantic Ocean
The US National Hurricane Centre (NHC) stated on Thursday that Hurricane Milton, which swept through Florida, is now heading eastward into the Atlantic Ocean.
Published on October 10, 2024
By Iris Barker
Business & Finance
Huawei overtakes Apple in smartphone sales in China for the first time in four years
According to data from research firm CINNO, Huawei smartphones outsold iPhones in mainland China in August for the first time in 46 months, as reported by the South China Morning…
Published on October 10, 2024
By Iris Barker
Business & Finance
British government cuts stake in NatWest below 16%
The UK government's ownership in NatWest (formerly known as Royal Bank of Scotland) has been decreased from 16.92% to 15.99% through the sale of shares.
Published on October 10, 2024
By Iris Barker
Management
Glencore’s former top managers to be tried in corruption case in 2027
According to Bloomberg, ex-high-ranking executives of Glencore Plc, who are accused by UK authorities of corrupt behavior in West Africa, are scheduled to stand trial in London in mid-2027.
Published on October 10, 2024
By Iris Barker
Business & Finance
Bloomberg: Hyundai plans to raise over $3 billion in India’s largest IPO
South Korean company Hyundai plans to raise as much as $3.3 billion through the initial public offering of its Indian unit, according to sources cited by Bloomberg. According to the…
Published on October 8, 2024
By Iris Barker
