Iris Barker
Business & Finance
Toshiba leaves Tokyo Stock Exchange, goes private
On December 20, the Tokyo Stock Exchange delisted Toshiba's industrial conglomerate's shares, according to the Financial Times.
Published on December 21, 2023
By Iris Barker
Economics
ING Bank to stop financing oil and gas exploration and production by 2040
By 2040, Dutch bank ING will progressively cease funding the production and development of oil and gas, the credit organization announced in a statement.
Published on December 21, 2023
By Iris Barker
Business & Finance
Chile’s SQM and Australia’s Hancock to buy lithium producer Azure for $1.1B
Australia's wealthiest woman, Gina Rinehart, owns Hancock Prospecting Pty., which is owned by the Chilean business Sociedad Quimica & Minera de Chile SA (SQM), and together they have made a…
Published on December 19, 2023
By Iris Barker
Economics
Goldman Sachs raises 2024 forecast for S&P 500 to 5100 points
Analysts at Goldman Sachs drastically raised the Standard & Poor's 500 stock index prediction for 2024, going from 4700 points in November to 5100 points.
Published on December 19, 2023
By Iris Barker
World & Politics
China’s state-owned companies ban their employees from using Apple tech
Bloomberg reports that managers of eight Chinese provinces' state-owned businesses imposed a restriction on their employees using Apple devices.
Published on December 17, 2023
By Iris Barker
Economics
G20 GDP growth accelerates to 0.7% in Q3
In the third quarter of 2023, the economies of the G20 countries grew by 0.7% in comparison to the prior three months, as per an early report released by the…
Published on December 14, 2023
By Iris Barker
Economics
ECB keeps benchmark interest rate unchanged
As expected, the ECB maintained the benchmark interest rate at 4.5% annually.
Published on December 14, 2023
By Iris Barker
World & Politics
UN Climate Conference declares beginning of the oil era end
The two-week UN climate conference COP28 came to a close on Wednesday in Dubai, United Arab Emirates, with the acceptance of a document on the phase-out of fossil fuel use…
Published on December 13, 2023
By Iris Barker
World & Politics
Bloomberg: Abu Dhabi becomes new destination for billionaires
Bloomberg reports referring to data cited by asset management consulting firm M/HQ that Abu Dhabi has emerged as a new refuge for millionaires.
Published on December 13, 2023
By Iris Barker
Economics
Fitch raises iron ore and coal price forecast for 2023-2024
The international rating agency Fitch Ratings updated its short- and medium-term pricing estimates for coal, iron ore, and base metals. These estimates are used in the agency's projections of operating…
Published on December 13, 2023
By Iris Barker
Business & Finance
Saudi Aramco to buy 40% of oil products distributor in Pakistan
Saudi Aramco announced that it has finalized an agreement to purchase a 40% share in Gas&Oil Pakistan Ltd. ("GO").
Published on December 13, 2023
By Iris Barker
Economics
Indian exchange NSE may overtake Hong Kong in total capitalization of issuers
According to the Financial Times, the National Stock Exchange of India (NSE) could soon overtake the Hong Kong Stock Exchange in terms of issuers' total capitalization and rank seventh globally.
Published on December 12, 2023
By Iris Barker
World & Politics
Matthew Perry and Barbie become the most popular queries on Google in 2023
Google has released a list of the top search terms for 2023 as part of the Year in Search project. The Gaza Strip war was the year's major event; actor…
Published on December 12, 2023
By Iris Barker
Business & Finance
Trafigura earns record net profit in FY 2023
Despite a drop in sales, one of the biggest commodities merchants in the world, Trafigura Group Pte Ltd, raised its net profit by 5% in the fiscal year 2023.
Published on December 11, 2023
By Iris Barker
Economics
UN requests $46.4B for its humanitarian operations
The UN Office for the Coordination of Humanitarian Affairs stated on its website that the UN has asked for $46.4 billion for its humanitarian operations in 2024 to serve an…
Published on December 11, 2023
By Iris Barker
World & Politics
Lula da Silva urges to prevent war in South America amid Guyana crisis
Brazilian President Luiz Inacio Lula da Silva appealed for the prevention of war in Latin America amid the territorial dispute between Venezuela and Guyana over the Esequiba region, as reported…
Published on December 8, 2023
By Iris Barker
Science & Technology
Google unveils its “most capable” AI model Gemini
Google has released the Gemini artificial intelligence (AI) model
Published on December 8, 2023
By Iris Barker
Business & Finance
Ericsson receives $14B contract from AT&T
Swedish company Ericsson will sell equipment to American telecom giant AT&T Inc. for roughly $14 billion over a five-year period in an effort to create an open radio access network…
Published on December 5, 2023
By Iris Barker
World & Politics
WHO: Situation in the Gaza Strip is getting worse
Conditions in the Gaza Strip are getting worse, according to the World Health Organization (WHO), because Israeli attacks on the southern portion of the enclave have gotten more intense.
Published on December 5, 2023
By Iris Barker
Economics
Global arms revenue down 3.5 per cent in 2022
The global need for arms has grown dramatically, but global arms producers have not been able to keep up with the demand in 2022, shows the Stockholm Institute for Peace…
Published on December 4, 2023
By Iris Barker
Business & Finance
India’s Reliance intends to resume purchases of Venezuelan oil
This was made possible following the lifting of US sanctions.
Published on December 4, 2023
By Iris Barker
Economics
World Bank to increase its climate finance
During his speech at the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) in Dubai, World Bank Chief Ajay Banga announced that the organization…
Published on December 3, 2023
By Iris Barker
Economics
Number of loan defaulters in China peaks in years
FT: A record 8.54 million borrowers in China have experienced loan default.
Published on December 3, 2023
By Iris Barker
Science & Technology
Tesla opens pre-orders for Cybertruck
Preorders for the Cybertruck electric pickup trucks are already being accepted by US electric vehicle manufacturer Tesla, with delivery of the vehicles anticipated to occur in 2024 or 2025.
Published on November 30, 2023
By Iris Barker
Economics
US Air Force orders 15 more tanker aircrafts from Boeing
The US Air Force has placed an additional $2.3 billion contract with US aerospace giant Boeing Co. for 15 KC-46A Pegasus tanker aircrafts.
Published on November 30, 2023
By Iris Barker
Economics
BMO Capital Markets analysts expect S&P500 to add 5100 points in 2024
BMO Capital Markets analysts forecast that the S&P 500 index of US stocks will remain mostly unchanged until the end of 2023 and increase to 5100 points in 2024, reports…
Published on November 30, 2023
By Iris Barker
Business & Finance
Online sales in the U.S. hit record $12.4B on Cyber Monday
According to a report by Adobe Analytics, the total amount of money that Americans spent online on Cyber Monday, which fell on November 27 this year, was a record $12.4…
Published on November 29, 2023
By Iris Barker
Management
Barclays may drop 2.5k least profitable investment banking clients
According to the Financial Times, which cites sources, the British bank Barclays is looking into the possibility of stopping to serve more than 2,500 of its least profitable investment banking…
Published on November 29, 2023
By Iris Barker
Economics
Israel’s Central Bank names financial costs of the conflict with Hamas
In its macroeconomic forecast, the Central Bank of Israel calculated that the conflict with the Palestinian Hamas, had cost the nation 198 billion shekels, or 53 billion dollars.
Published on November 28, 2023
By Iris Barker
Business & Finance
Unicredit leaves the list of world’s systemically important banks
According to Reuters, Italian bank Unicredit has been taken off the global list of systemically important banks.
Published on November 28, 2023
By Iris Barker
Management
Alibaba to change cloud business management structure and its strategy
Alibaba, the massive Chinese internet company, is adjusting both its strategy and the way its cloud business is managed, CNBC writes.
Published on November 27, 2023
By Iris Barker
Economics
ECB to take pause to assess impact of rate hike
According to ECB head Christine Lagarde, the bank has now reached a position where it can pause and evaluate the results of the monetary policy tightening it has already implemented.
Published on November 27, 2023
By Iris Barker
Economics
IEA: Oil and gas companies make up 1% in clean energy investments
According to the IEA, 1% of investments in clean energy come from oil and gas corporations.
Published on November 24, 2023
By Iris Barker
World & Politics
WHO requests information from China on outbreaks of pneumonia in children
China has been requested by the World Health Organization (WHO) to submit comprehensive data on respiratory illness outbreaks, specifically about the rise in pediatric pneumonia cases, the organization stated on…
Published on November 24, 2023
By Iris Barker
Science & Technology
Amazon to train 2 million people in AI skills for free by 2025
According to the US online retailer Amazon.com Inc.'s official blog, the program, called AI Ready, will be available for free and will train two million people worldwide in artificial intelligence…
Published on November 23, 2023
By Iris Barker
Economics
Hedge funds lose over $43B as US and European markets rally
Hedge funds lost over $43 billion in a few days due to their bets on the stock market's decline despite the expansion of the U.S. and European stock markets, the…
Published on November 23, 2023
By Iris Barker
Economics
WSJ: Founder of Binance sets to resign
Changpeng Zhao, the founder and CEO of Binance, made the announcement on Tuesday in the Seattle court. Zhao plans to resign and enter a guilty plea for breaking anti-money laundering…
Published on November 22, 2023
By Iris Barker
Economics
Bank of England Governor urges markets not to underestimate inflation in the UK
Financial markets undervalue the UK's ability to sustain high rates of inflation, Bank of England Governor Andrew Bailey stated in a legislature, according to the Finance Times.
Published on November 22, 2023
By Iris Barker
Business & Finance
Zoom triples net profit in Q3 2023
Zoom Video Communications Inc., a US-based provider of remote conferencing services, increased its full-year forecast and nearly tripled its net income in the third quarter of fiscal 2024.
Published on November 21, 2023
By Iris Barker
Economics
Reuters: Russian coal shipments to China in October fall to the lowest since February
China's imports of Russian coal dropped to their lowest level since February in October, according to data cited by Reuters from the People's Republic of China's General Administration of Customs.China's…
Published on November 21, 2023
By Iris Barker
Economics
Lagarde says EU needs to create analogue of US SEC
European Central Bank (ECB) President Christine Lagarde stated that in order to draw enough money to the region's economy to address its difficulties, the European Union needs a version of…
Published on November 19, 2023
By Iris Barker
Science & Technology
Toyota to use recycled materials in battery production in the US
The North American division of Toyota, a Japanese automaker, and Redwood Materials Inc., a US-based company, have expanded their 2022 agreement to recycle batteries from Toyota's fully powered and hybrid…
Published on November 19, 2023
By Iris Barker
Economics
UBS expects growth in equity and bond markets in 2024
According to the chief investment officer of UBS Wealth Management, growth in China may be lower but "of probably better quality" in 2024, while the US economy will slow down…
Published on November 17, 2023
By Iris Barker
World & Politics
Biden: U.S. is opposed to changing status quo in the Taiwan Strait
According to the White House, US President Joe Biden and Chinese President Xi Jinping discussed important regional and global issues during their discussions.
Published on November 16, 2023
By Iris Barker
Business & Finance
Six Italian energy companies fined for illegal price increases
The Italian Competition Authority (AGCM), Italy's antitrust regulator, has fined six energy companies a total of more than €15.5 million for increasing consumer energy prices in spite of a law…
Published on November 16, 2023
By Iris Barker
Economics
Inflation in the USA in October slows to 3.2%
According to data from the US Labor Department, consumer prices (CPI) increased 3.2% in October 2023 compared to the same month the previous year.
Published on November 15, 2023
By Iris Barker
Economics
Goldman Sachs expects European equity market growth in 2024
According to Goldman Sachs, an improving economic environment, fair prices, and long-term bond yields staying at current levels will allow the European STOXX 600 Index to reach 480 points next…
Published on November 15, 2023
By Iris Barker
Management
Stellantis to offer voluntary layoffs to half of white-collar workers in U.S.
According to CNBC, European automaker Stellantis NV will provide voluntary termination with severance pay to half of its "white collar" workers in the United States.
Published on November 14, 2023
By Iris Barker
Economics
Price of lithium carbonate in China falls to two-year low
According to Trading Economics, the price of lithium carbonate in China dropped below 200,000 yuan ($20.6 thousand) per ton, marking the lowest price in over two years, having peaked in…
Published on November 14, 2023
By Iris Barker
Science & Technology
Tencent will sell Meta’s new VR helmets in China
Tencent, the leading player in the global video game business, will become the exclusive distributor in China of new, lower-cost virtual reality (VR) helmets from the American Meta, writes the…
Published on November 12, 2023
By Iris Barker
