
Iris Barker
Science & Technology
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
Business & Finance
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
Management
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
Business & Finance
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
Business & Finance
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
Economics
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
Economics
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
Economics
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 ofโฆ
Published on May 6, 2024
By Iris Barker
World & Politics
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
Business & Finance
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
World & Politics
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 theโฆ
Published on April 30, 2024
By Iris Barker
Economics
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
Business & Finance
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
Management
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,โฆ
Published on April 29, 2024
By Iris Barker
World & Politics
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 2030โฆ
Published on April 28, 2024
By Iris Barker
Business & Finance
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 oilโฆ
Published on April 28, 2024
By Iris Barker
Economics
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% yearโฆ
Published on April 26, 2024
By Iris Barker
Business & Finance
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
Business & Finance
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 toโฆ
Published on April 24, 2024
By Iris Barker
Economics
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
World & Politics
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
Economics
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 areโฆ
Published on April 21, 2024
By Iris Barker
World & Politics
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
Management
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
Economics
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 policyโฆ
Published on April 17, 2024
By Iris Barker
World & Politics
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
Economics
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
Business & Finance
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 getโฆ
Published on April 16, 2024
By Iris Barker
Business & Finance
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
Business & Finance
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
Economics
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
Economics
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 reformsโฆ
Published on April 11, 2024
By Iris Barker
Economics
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
Science & Technology
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
Science & Technology
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 artificialโฆ
Published on April 4, 2024
By Iris Barker
Economics
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
Economics
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
Business & Finance
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
Business & Finance
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
World & Politics
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 $18.5โฆ
Published on April 3, 2024
By Iris Barker
Business & Finance
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 dataโฆ
Published on April 2, 2024
By Iris Barker
Economics
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 isโฆ
Published on April 2, 2024
By Iris Barker
Economics
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
Economics
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 Stockโฆ
Published on April 1, 2024
By Iris Barker
Business & Finance
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
Science & Technology
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
Business & Finance
Volvo phases out diesel car production
Bloomberg: By 2030, Volvo plans to transition to electric vehicles.
Published on March 28, 2024
By Iris Barker
World & Politics
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
Economics
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) inโฆ
Published on March 27, 2024
By Iris Barker
Management
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