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Iris Barker


Bloomberg reports of agreement to use ChatGPT features in the iPhone

Bloomberg reported that Apple and OpenAI have agreed to utilize ChatGPT on the iPhone.
Published on May 13, 2024
By Iris Barker

Microsoft to open $3.3 billion data center in Wisconsin

Microsoft is set to open a $3.3 billion data center in Wisconsin, where Foxconn had planned to construct a $10 billion facility.
Published on May 9, 2024
By Iris Barker

Bloomberg names Tim Cook’s likely successor as Apple CEO

Following Tim Cook's resignation, Bloomberg reported that 49-year-old John Ternus, who oversees the company's hardware development division, is expected to take over as CEO of Apple.
Published on May 9, 2024
By Iris Barker

South Korea to provide $7 bln to local producers of electric cars batteries

South Korea's Ministry of Trade, Industry, and Energy announced that the nation plans to give local producers of electric car batteries 9.7 trillion won ($7.1 billion) in financial support.
Published on May 8, 2024
By Iris Barker

Bankrupt crypto exchange FTX will refund money to almost all customers

According to court documents cited by MarketWatch, the American cryptocurrency exchange FTX, which filed for bankruptcy in 2022, will reimburse nearly all of its customers for their money.
Published on May 8, 2024
By Iris Barker

S&P upgrades Turkey’s ratings to ‘B+’ from ‘B’

According to the organization, double-digit inflation will persist in the nation until early 2028.
Published on May 7, 2024
By Iris Barker

Last head of Credit Suisse’ will soon leave UBS

According to the Financial Times, which cites sources, Ulrich Kรถrner, the last CEO of Swiss Credit Suisse, will leave UBS, which acquired this bank, in the upcoming weeks.
Published on May 7, 2024
By Iris Barker

British banks receive ยฃ9 bln in interest on deposits at the Bank of England in 2023

9.23 billion pounds ($11.5 billion) of interest was paid to the UK's biggest commercial banks on deposits made with the Bank of England last year, reads the UK House ofโ€ฆ
Published on May 6, 2024
By Iris Barker

Axios: The US has suspended ammunition shipments to Israel

According to Israeli officials cited by Axios portal, U.S. President Joe Biden's administration halted the transfer of ammunition developed in the United States to Israel.
Published on May 6, 2024
By Iris Barker

L’Occitane will buy back its shares for $1.8 bln and leave stock exchange

The Hong Kong Stock Exchange-traded French cosmetics giant L'Occitane is set to go private in jurisdictions throughout the West, writes Reuters.
Published on May 2, 2024
By Iris Barker

The Sun: The UK sends the first deported migrant to Rwanda

The first migrant to be denied asylum has been expelled by the UK government and sent to Rwanda, according to sources cited by The Sun. The article said that theโ€ฆ
Published on April 30, 2024
By Iris Barker

Cocoa bean prices collapse by 26% in two days

Following a record-breaking gain since the start of the year, cocoa bean futures prices dropped by 25% during the last two trading days, according to Bloomberg.
Published on April 30, 2024
By Iris Barker

Blackstone buys Hipgnosis for $1.57B

US investment firm Blackstone has reached an agreement to purchase British company Hipgnosis Songs Fund.
Published on April 29, 2024
By Iris Barker

Goldman Sachs obliges its employees to get permission to travel to Paris during the Olympic Games 2024

Bloomberg reports that Goldman Sachs, a U.S. investment bank, has mandated that its staff get special authorization from the management before they can travel to Paris for the Olympic Games,โ€ฆ
Published on April 29, 2024
By Iris Barker

G7 countries to increase electricity storage sixfold by 2030

The Financial Times writes that the G7 nations will decide this weekend to set a global goal to double the amount of electricity stored globally by six times by 2030โ€ฆ
Published on April 28, 2024
By Iris Barker

TotalEnergies considers moving main listing to New York

During the press conference to announce the first quarter's results, the chairman of TotalEnergies' board of directors and chief executive officer Patrick Pouyanne revealed that the French gas and oilโ€ฆ
Published on April 28, 2024
By Iris Barker

Quarterly growth of US GDP turns out to be worse than forecasts

The first quarter saw a sharp slowdown in the expansion of the US economy. According to figures from the nation's Commerce Department, the US GDP grew by just 1.6% yearโ€ฆ
Published on April 26, 2024
By Iris Barker

WSJ: Anglo American is considering selling De Beers

The Wall Street Journal reports, citing sources, that Anglo American is contemplating the prospect of selling its diamond mining business, De Beers.
Published on April 26, 2024
By Iris Barker

Hong Kong exchange operator HKEx cuts net profit by 13% in Q1

The operator of the Hong Kong Stock Exchange, Hong Kong Exchanges & Clearing Ltd. (HKEx), reported a 13% decrease in net profit in the first quarter of 2024 due toโ€ฆ
Published on April 24, 2024
By Iris Barker

EC launches investigation into China’s medical device procurement market

The Chinese medical device procurement market is the subject of an inquiry by the European Commission (EC).
Published on April 24, 2024
By Iris Barker

SIPRI reports record global military spending in 2023

According to a survey by SIPRI, global defense spending hit another high in 2023.
Published on April 21, 2024
By Iris Barker

S&P downgrades Israel’s ratings to ‘A+’ from ‘AA-‘ due to rising geopolitical risks

Israel's long-term foreign and local currency ratings were reduced to "A+" from "AA-" by international rating agency S&P Global Ratings, which noted that the country's already significant geopolitical risks areโ€ฆ
Published on April 21, 2024
By Iris Barker

Dubai Airport to fully restore operation within 24 hours

Majed al-Joker, the airport's chief operational officer, was quoted in the Emirates 24/7 daily as saying that Dubai International Airport will resume regular operations in a day.
Published on April 18, 2024
By Iris Barker

TotalEnergies shareholder group calls for separation of CEO and board roles

According to MarketWatch, a faction of TotalEnergies' stockholders is demanding that the CEO and board chairman positions be kept distinct.
Published on April 18, 2024
By Iris Barker

Deutsche Bank and Morgan Stanley expect three ECB rate cuts in 2024

The European Central Bank (ECB) is expected to lower interest rates three times this year, according to Deutsche Bank and Morgan Stanley's updated forecasts about the rate of monetary policyโ€ฆ
Published on April 17, 2024
By Iris Barker

Summer Paris Olympics flame lit in Greek Olympia

The ceremony to light the flame of the Summer Olympics in Paris was held on Tuesday at Ancient Olympia in Greece.
Published on April 17, 2024
By Iris Barker

Chinese authorities require telecom operators to abandon foreign chips

The Wall Street Journal reports that the biggest telecom service providers in China are now required by law to discontinue their use of foreign processors.
Published on April 16, 2024
By Iris Barker

Samsung will receive up to $6.4 billion from the U.S. and increase investment in the country to $45 billion

According to Nikkei Asia, which quotes US officials, South Korean electronics giant Samsung Electronics would double its investment in the US from $17 billion to roughly $45 billion and getโ€ฆ
Published on April 16, 2024
By Iris Barker

European Commission approves Illumina’s plan to sell Grail

The European Commission authorized American Illumina Inc.'s plan to sell the company that developed the Grail cancer detection tests, according to a press release from the EC.
Published on April 15, 2024
By Iris Barker

Samsung regains leadership in global smartphone market in Q1

International Data Corporation (IDC) claims that South Korean corporation Samsung was the world's leading smartphone seller as of the first quarter of 2024.
Published on April 15, 2024
By Iris Barker

ECB keeps all three key interest rates unchanged

After the meeting on Thursday, the European Central Bank (ECB) decided to keep all three of its major interest rates at their current levels.
Published on April 11, 2024
By Iris Barker

IMF forecasts global GDP growth to slow to 2.8% by the end of the decade

The International Monetary Fund (IMF) forecasts that by the end of the decade, global economic growth will slow down to 2.8% annually. The circumstances could alter due to structural reformsโ€ฆ
Published on April 11, 2024
By Iris Barker

Global chip sales in February grow the most in almost two years

In February, global chip sales reached $46.17 billion, up 16.3% from $39.7 billion in the same month the previous year, according to a Semiconductor Industry Association (SIA) press release.
Published on April 7, 2024
By Iris Barker

Apple sets to enter the household robots market

According to Bloomberg, American Apple Inc. is thinking about getting into the home robotics business.
Published on April 7, 2024
By Iris Barker

Google may build paid AI features into search

According to the Financial Times, US-based Google, owned by Alphabet Inc., is thinking of charging for the usage of new premium features of its search engine based on generative artificialโ€ฆ
Published on April 4, 2024
By Iris Barker

ECB may start cutting rates ahead of the Fed

Since inflation in the eurozone is slowing down sooner than anticipated, the European Central Bank may begin loosening monetary policy before the U.S Federal Reserve, writes the Financial Times.
Published on April 4, 2024
By Iris Barker

Inflation in Turkey rises to 68.5%

The Turkish National Statistical Institute released data on inflation in the nation. The rate of inflation in March of this year was 68.5%.
Published on April 4, 2024
By Iris Barker

Intel records $7 billion operating loss in custom chip segment

In 2023, Intel Foundry, the company's bespoke chip division, reported an operational deficit of $7 billion.
Published on April 4, 2024
By Iris Barker

Tesla’s quarterly sales fall for the first time since 2020

The American electric vehicle maker Tesla released its manufacturing and sales figures at the end of the first quarter.
Published on April 3, 2024
By Iris Barker

UN and World Bank estimate damage to Gaza Strip infrastructure at $18.5 billion

A joint report from the World Bank and the UN detailed the harm done to vital infrastructure in the Gaza Strip during the war. The organizations valued it at $18.5โ€ฆ
Published on April 3, 2024
By Iris Barker

AT&T reports leak of 73 million users’ data

The third-biggest US mobile phone provider, AT&T, has disclosed that 73 million of its past and present customers' personal information was compromised. About two weeks ago, there was a dataโ€ฆ
Published on April 2, 2024
By Iris Barker

PMI in the U.S. industry shows growth for the first time in a year and a half

In the US industrial sector, the Purchasing Managers Index (PMI) was 50.3 points in March, reports the Institute for Supply Management (ISM). Business activity is growing when the PMI isโ€ฆ
Published on April 2, 2024
By Iris Barker

Annual inflation in the USA accelerates to 2.5%

The Personal Consumption Expenditures Index released by the U.S. Commerce Department grew 2.5% year over year in February.
Published on April 1, 2024
By Iris Barker

World market of mergers and acquisitions adds 30% in Q1

The number of mergers and acquisitions (M&A) increased by 30% in the first quarter to reach $690 billion, as reported by the Financial Times using statistics from the London Stockโ€ฆ
Published on April 1, 2024
By Iris Barker

UBS adjusts 2023 earnings data, worsens Credit Suisse’s asset valuations

UBS Group AG modified its estimate of net income for 2023 because of an update to Credit Suisse's asset valuation at the time of the bank's acquisition.
Published on March 28, 2024
By Iris Barker

Maersk’s biofuel-powered container ship successfully completes maiden voyage

Ane Maersk, the first major container ship of its sort, has successfully completed its first trip after docking in Hamburg. The ship is powered by biofuel.
Published on March 28, 2024
By Iris Barker

Volvo phases out diesel car production

Bloomberg: By 2030, Volvo plans to transition to electric vehicles.
Published on March 28, 2024
By Iris Barker

U.S. Department of Transportation: Daily loss from collapsed Baltimore bridge amounts to $200 mln

According to U.S. Transportation Secretary Pete Buttigieg, the Port of Baltimore processed cargo valued up to $200 million every day before the bridge collapsed, disrupting its operations.
Published on March 28, 2024
By Iris Barker

Profit of large industrial enterprises in China in January-February grows by 10%

The State Statistics Office (SSO) released a study stating that the total profit of China's major industrial businesses increased 10.2% year over year to 914.06 billion yuan ($126.46 billion) inโ€ฆ
Published on March 27, 2024
By Iris Barker

Citigroup reaches final stages of reorganization, prepares job cuts

CEO of Citigroup Inc. Jane Fraser stated that the firm is nearing the end of an operational transformation that will involve additional layoffs.
Published on March 27, 2024
By Iris Barker
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