
Iris Barker
Economics
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
World & Politics
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
Economics
Bank of Englandโs 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
Business & Finance
Deutsche Boerse to start buying back its shares for โฌ300M in Q1 2024
Deutsche Boerse AG, the operator of one of Europe's main stock exchanges, has announced a โฌ300 million share buyback program.
Published on November 9, 2023
By Iris Barker
Business & Finance
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
World & Politics
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
Science & Technology
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"โฆ
Published on November 5, 2023
By Iris Barker
Business & Finance
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 operatingโฆ
Published on November 3, 2023
By Iris Barker
World & Politics
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
Economics
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 increaseโฆ
Published on November 2, 2023
By Iris Barker
World & Politics
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
Economics
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
Economics
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
Business & Finance
Evergande given last chance to present debt restructuring plan
Chinaโs Evergrande, a Chinese real estate developer, has been granted one final opportunity to reorganize its debt.
Published on October 31, 2023
By Iris Barker
Economics
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
Economics
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
World & Politics
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,โฆ
Published on October 29, 2023
By Iris Barker
Business & Finance
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 ventureโฆ
Published on October 26, 2023
By Iris Barker
Economics
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
World & Politics
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
Economics
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
Economics
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
World & Politics
EC allocates another โฌ1.5bn of macro-financial aid to Ukraine
The European Commission (EC) declared on Tuesday that, as part of a macrofinancial aid package worth up to โฌ18 billion for 2023, it had given โฌ1.5 billion to Ukraine theโฆ
Published on October 25, 2023
By Iris Barker
World & Politics
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
Economics
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
Economics
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, writesโฆ
Published on October 19, 2023
By Iris Barker
Science & Technology
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
World & Politics
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 2024โฆ
Published on October 19, 2023
By Iris Barker
Economics
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 thanโฆ
Published on October 18, 2023
By Iris Barker
Economics
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
Business & Finance
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
Economics
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
Management
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
Business & Finance
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 purchasesโฆ
Published on October 15, 2023
By Iris Barker
Economics
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 otherโฆ
Published on October 12, 2023
By Iris Barker
Science & Technology
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 inโฆ
Published on October 12, 2023
By Iris Barker
Business & Finance
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
Economics
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
Economics
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 andโฆ
Published on October 11, 2023
By Iris Barker
Economics
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 theโฆ
Published on October 11, 2023
By Iris Barker
Economics
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
Economics
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 thanโฆ
Published on October 10, 2023
By Iris Barker
World & Politics
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
Economics
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
World & Politics
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 byโฆ
Published on October 5, 2023
By Iris Barker
Economics
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
Business & Finance
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 companyโฆ
Published on October 5, 2023
By Iris Barker
Economics
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
Business & Finance
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
Economics
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