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Iris Barker


Lagarde: ECB rate cuts may happen later than in ‘a couple of quarters’

The European Central Bank will be able to begin decreasing interest rates in "a couple of quarters," according to ECB President Christine Lagarde at a Financial Times conference.
Published on November 12, 2023
By Iris Barker

Palestinian Red Crescent receives 106 truckloads of humanitarian aid

Egypt delivered 106 truckloads of humanitarian aid to the Palestinian Red Crescent Society in Gaza. The trucks entered the country via the Rafah crossing.
Published on November 9, 2023
By Iris Barker

Bank of Englandโ€™s chief economist urges to keep rates at restrictive levels

Huw Pill, the chief economist of the British Central Bank, argues that the Bank of England should maintain its tight monetary policy, writes the Financial Times.
Published on November 9, 2023
By Iris Barker

Deutsche Boerse to start buying back its shares for โ‚ฌ300M in Q1 2024

Deutsche Boerse AG, the operator of one of Europe's main stock exchanges, has announced a โ‚ฌ300 million share buyback program.
Published on November 9, 2023
By Iris Barker

Citigroup to pay $25.9M for discriminating against Armenian Americans

Citigroup Inc., a US bank, will be fined and compensated $25.9 million for discriminating against Armenian Americans when issuing credit cards.
Published on November 9, 2023
By Iris Barker

EC condemns spike in anti-Semitic incidents in Europe

The number of anti-Semitic incidents in Europe has reached an all-time high in recent days, reminiscent of "the darkest times in history," according to a statement from the European Commission.
Published on November 5, 2023
By Iris Barker

Elon Musk’s xAI company unveils new language model

Elon Musk's xAI has revealed Grok, a language model that is linked to the social network X (previously Twitter). Grok's real-time access to X's data offers it a "fundamental advantage"โ€ฆ
Published on November 5, 2023
By Iris Barker

Beyond Meat to cut 19% of jobs

The US company Beyond Meat, which makes plant-based meat substitutes, has lowered its sales projection for 2023 after revealing that its Q3 results fell short of expectations. To save operatingโ€ฆ
Published on November 3, 2023
By Iris Barker

Japanese government approves $112bn economic stimulus package

According to the Nikkei newspaper, Japan's government has approved an economic stimulus plan worth 17 trillion yen ($112 billion), which includes temporary reductions on residence and income taxes.
Published on November 3, 2023
By Iris Barker

Argentine authorities freeze tax on oil industry

According to Economy Minister Sergio Massa, the Argentine government has decided not to impose a tax on the oil industry in an effort to reduce fuel price increases and increaseโ€ฆ
Published on November 2, 2023
By Iris Barker

US and China set to hold talks on nuclear weapons

Next week, the US and China are scheduled to have nuclear arms control talks, according to Bloomberg referencing a U.S. government official.
Published on November 2, 2023
By Iris Barker

Annual inflation in eurozone slows to 2.9 percent

Preliminary estimates indicate that annual inflation in the eurozone decreased from 4.3% in September to 2.9% in October, as per Eurostat data.
Published on November 1, 2023
By Iris Barker

Japan’s central bank raises GDP and inflation forecasts

The central bank of Japan increased its expectations for both projected inflation and GDP growth.
Published on November 1, 2023
By Iris Barker

Evergande given last chance to present debt restructuring plan

Chinaโ€™s Evergrande, a Chinese real estate developer, has been granted one final opportunity to reorganize its debt.
Published on October 31, 2023
By Iris Barker

German inflation in October falls to two-year low

Germany's consumer prices, adjusted to EU norms, rose by 3% annually in October, according to an early report released by the Federal Statistical Office of the nation (Destatis).
Published on October 31, 2023
By Iris Barker

Americans’ income growth in September fail to meet forecasts

According to a report by the US Ministry of Commerce, the country's population's incomes rose by 0.3% in September over the previous month.
Published on October 29, 2023
By Iris Barker

UN Secretary General criticize Israel for intensifying military action in Gaza

The Times of Israel newspaper cited UN Secretary General Antรณnio Guterres' comments as claiming that he had warned of a dramatic deterioration of the humanitarian situation in the Gaza Strip,โ€ฆ
Published on October 29, 2023
By Iris Barker

PIF, Pirelli to open tires plant in Saudi Arabia in 2026

According to the Italian corporation, Pirelli and Saudi Arabia's Public Investment Fund (PIF) have inked a joint venture deal to establish a tire production facility in the country. The ventureโ€ฆ
Published on October 26, 2023
By Iris Barker

ECB keeps base rate at 4.5pp

The European Central Bank maintained key interest rates at their current level.
Published on October 26, 2023
By Iris Barker

US demands Nvidia stop supplying AI chips to China

The US ordered Nvidia to cease providing some chips to the PRC without a license.
Published on October 25, 2023
By Iris Barker

Eurozone lending in September grows at the slowest pace since 2015

September saw the lowest growth in consumer loans in the eurozone since June 2015.
Published on October 25, 2023
By Iris Barker

Germany forecasted to become the world’s third economy in place of Japan

According to IMF predictions, in 2023 Germany is expected to overtake Japan as the world's third largest economy.
Published on October 25, 2023
By Iris Barker

EC allocates another โ‚ฌ1.5bn of macro-financial aid to Ukraine

The European Commission (EC) declared on Tuesday that, as part of a macrofinancial aid package worth up to โ‚ฌ18 billion for 2023, it had given โ‚ฌ1.5 billion to Ukraine theโ€ฆ
Published on October 25, 2023
By Iris Barker

IEA: 80 million kilometres of transmission lines need to be replaced globally by 2040

It will be necessary to replace or add around 80 million kilometers to the world's transmission line capacity by 2040.
Published on October 24, 2023
By Iris Barker

Chinese banksโ€™ net sales of foreign currency rise to $13.4bn in September

In September, China's commercial banks sold a net amount of foreign exchange of 96.4 billion yuan, or $13.43 billion.
Published on October 24, 2023
By Iris Barker

Ford estimates impact of Biden’s fuel economy initiative at $1bn in potential fines

Ford, the American carmaker, calculated that the US President Joe Biden administration's plan to increase fuel efficiency rules may result in $1 billion in fines between 2027 and 2032, writesโ€ฆ
Published on October 19, 2023
By Iris Barker

SpaceX sets to carry out 144 rocket launches into orbit next year

According to William Gerstenmaier, vice president of flight safety at US private aerospace business SpaceX, the company intends to fly 144 launch vehicles into orbit in 2024.
Published on October 19, 2023
By Iris Barker

US eases sanctions on Venezuela after Maduro’s deal with opposition

The US has loosened sanctions on Venezuela's gold, gas, and oil industries in response to an agreement reached between Maduro and the opposition over the parameters of the nation's 2024โ€ฆ
Published on October 19, 2023
By Iris Barker

Number of air travel in EU this summer remains below 2019 levels

According to the EU statistics office (Eurostat), the number of commercial flights inside the European Union grew this summer compared to the previous year, although it is still lower thanโ€ฆ
Published on October 18, 2023
By Iris Barker

India plans to build a national space station by 2035

Indian Prime Minister Narendra Modi declared that his nation would send astronauts to the moon by 2040 and construct a national orbital station by 2035.
Published on October 18, 2023
By Iris Barker

Pfizer severely cut its 2023 profit and revenue outlook

Lower sales of anti-coronavirus medications have caused American pharmaceutical major Pfizer Inc. to decrease its financial projection for 2023.
Published on October 17, 2023
By Iris Barker

SEC introduces new rules to increase transparency of stock market short selling

The U.S. Securities and Exchange Commission (SEC) unveiled new regulations with the goal of enhancing "short selling" transparency in the stock market, reports CNBC.
Published on October 17, 2023
By Iris Barker

Ford: We reached the limit of what we can offer the UAW union

The United Auto Workers (UAW) union has received all that Ford Motor Co. has to give, said Head of Ford Blue (internal combustion engine vehicle sector) Kumar Galhotra.
Published on October 15, 2023
By Iris Barker

Bloomberg: LNG buyers in Asia postpone purchases due to war in Israel

Due to the growing tension between Israel and the Palestinian organization "Hamas" and the resulting increase in pricing, many LNG purchasers in Asia decide to put off making additional purchasesโ€ฆ
Published on October 15, 2023
By Iris Barker

Chinese watchdogs are tightening the fight against capital outflow from the country

The China shares Regulatory Commission (CSRC) issued an order forbidding local brokerage companies and their overseas subsidiaries from opening new accounts for mainland Chinese clients to trade shares and otherโ€ฆ
Published on October 12, 2023
By Iris Barker

MF: 0.5bn cheap electrical appliances are thrown away in the UK every year

Over half a billion inexpensive electrical items were purchased by British customers in 2022, or one every 16 seconds on average. 471 million of these devices were disposed of inโ€ฆ
Published on October 12, 2023
By Iris Barker

U.S. authorities charge Microsoft with failing to pay $28.9B in taxes

The US Internal Revenue Service is accusing Microsoft of $28.9 billion in overdue taxes.
Published on October 12, 2023
By Iris Barker

Stellantis and Samsung SDI to build second battery plant in USA

South Korean company Samsung SDI and European automaker Stellantis NV will invest over $3.2 billion to build the second joint venture for battery production in the US.
Published on October 12, 2023
By Iris Barker

Deutsche Bank analysts warn of global stagflation risk

The world's growing geopolitical dangers could cause stagflation on a scale not seen since the 1970s and drastic shifts in inflation expectations, according to Deutsche Bank analysts Henry Allen andโ€ฆ
Published on October 11, 2023
By Iris Barker

Bank of England recommends tightening liquidity requirements for money market funds

According to the Financial Times, which cites the regulator's study, the management of the Bank of England suggests increasing the requirements for the share of highly liquid assets in theโ€ฆ
Published on October 11, 2023
By Iris Barker

Gold prices resume gains from seven-month low amid events in Israel

The price of gold started to grow following a seven-month low set last week due to the Israel's war with Hamas.
Published on October 10, 2023
By Iris Barker

Chinese spending on travel in the Golden Week grows weaker than expected

According to data from the Chinese Ministry of Culture and Tourism, domestic tourism spending by Chinese citizens over the Golden Week holidays in 2023 increased but showed results worse thanโ€ฆ
Published on October 10, 2023
By Iris Barker

Israeli authorities officially declare state of war following Hamas attacks

The Times of Israel cited the government as saying that members of Israel's Security Council decided to declare the nation to be at war.
Published on October 8, 2023
By Iris Barker

US Treasury bonds yield hits 16-year high

After the release of data on the US labor market, yields on US Treasury bonds spiked dramatically in Friday's trading, reaching 16-year highs.
Published on October 8, 2023
By Iris Barker

Belgian intelligence suspects Alibaba of espionage

According to sources cited by the Financial Times, Belgian security believe Chinese Alibaba was conducting espionage at the company's Liege logistics center with the help of the software used byโ€ฆ
Published on October 5, 2023
By Iris Barker

Singapore retains first place in the ranking of financial inclusiveness of economies

Singapore continues to lead the list of nations with the highest levels of financial inclusion, or the population's access to high-quality financial goods, writes CNBC.
Published on October 5, 2023
By Iris Barker

Ford sells record number of electric vehicles in the U.S. in Q3

Ford Motor's U.S. vehicle sales increased 7.7% year over year to 500,504 units in the third quarter. Sales of electric vehicles increased 14.6% to a record 20,962 units, the companyโ€ฆ
Published on October 5, 2023
By Iris Barker

World Bank: South Asia will lead GDP growth among developing regions

According to the South Asia Development Update study from the World Bank (WB), South Asia will have the fastest rate of growth among developing nations in the next years.
Published on October 4, 2023
By Iris Barker

Ford, GM lay off nearly 500 more workers because of strike

American automakers Ford Motor and General Motors have fired around 500 more employees in the midst of the United Auto Workers (UAW) strike, according to The Wall Street Journal.
Published on October 4, 2023
By Iris Barker

Shoe maker Birkenstock plans to raise up to $1.6B from IPO

The initial public offering of German footwear manufacturer Birkenstock Holding Ltd. at the New York Stock Exchange is expected to raise up to $1.6 billion, the company stated.
Published on October 3, 2023
By Iris Barker
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