Iris Barker
Business & Finance
SEC slaps $218 mln fine on lithium producer Albemarle
The largest producer of lithium in the world, Albemarle, and the U.S. Securities and Exchange Commission (SEC) have come to an agreement to resolve claims that the company bought favors…
Published on October 3, 2023
By Iris Barker
World & Politics
Europe sees the hottest September in the history of observations
National meteorological agencies stated on Sunday that September 2023 was the warmest September ever recorded in France, Belgium, Germany, Poland, Austria, and Switzerland.
Published on October 1, 2023
By Iris Barker
Business & Finance
World’s largest cruise operator posts quarterly profit for first time since 2019
The largest cruise company in the world, Carnival Corp., reported a net profit in the third quarter of its fiscal year 2023 (June–August) for the first time since the pandemic.…
Published on October 1, 2023
By Iris Barker
Business & Finance
Xerox to buy back its shares from Carl Icahn for $542M
US Xerox Holdings, one of the world's leaders in printing technology, will purchase all of Carl Icahn's shares in the company for a total of $542 million.
Published on September 28, 2023
By Iris Barker
Economics
Bank of America expects soft landing of the US economy
According to Brian Moynihan, Chief Executive of Bank of America Corp., analysts still predict a "soft landing" for the American economy rather than a downturn.
Published on September 28, 2023
By Iris Barker
Business & Finance
Toyota reports record production and sales volumes in August
The business claims that 798 thousand automobiles were produced during this time.
Published on September 28, 2023
By Iris Barker
Economics
U.S. bank deposits decline for the year, first time in history
The overall volume of deposits in the U.S. banking sector decreased in annualized terms for the first time from 1994, since S&P Global Market Intelligence started performing such estimates.
Published on September 28, 2023
By Iris Barker
Economics
Share of US companies with investment rating in convertible bond market hits 30%
U.S. companies with investment-grade ratings are becoming more active in placing convertible bonds as they attempt to limit losses from rising borrowing costs brought on by aggressive rate hikes by…
Published on September 27, 2023
By Iris Barker
Economics
IEA urges to cut fossil fuel demand by 25% by 2030
According to a report by the International Energy Agency (IEA), the demand for fossil fuels must be reduced by 25% by the end of the decade in order to stop…
Published on September 27, 2023
By Iris Barker
Management
Germany’s central bank to cut about 5% of jobs
German Central Bank intends to reduce employment by up to 5% over the next few years as part of a modernization effort, Deutsche Welle reports.
Published on September 26, 2023
By Iris Barker
Business & Finance
Nissan plans to stop selling non-electric cars in Europe by 2030
According to the Financial Times, Japanese carmaker Nissan Motor Co. plans to totally stop selling non-electric automobiles in Europe by 2030 and replace them with electric and hybrid vehicles.
Published on September 26, 2023
By Iris Barker
Management
Layoffs in IT-companies in the world exceeds 236 thousand since beginning of 2023
According to a survey by Layoffs.fyi, more than 236 thousand people worldwide lost their jobs in the technology sector since 2023.
Published on September 24, 2023
By Iris Barker
Economics
Goldman forecasts record growth rise in credit card delinquencies in USA
The percentage of credit card payments that are past due will increase at the fastest rate in 30 years in the United States, excluding the time of the financial crisis…
Published on September 24, 2023
By Iris Barker
Science & Technology
Toyota is introducing cargo robots for transporting assembled cars at Toyota Motor plant
According to Sankei, the robot merely loads assembled cars onto its platform and transports them to a transloading location for delivery to dealers.
Published on September 21, 2023
By Iris Barker
World & Politics
Japan’s Prime Minister announces new program to raise wages and fight inflation
The program will be created as a whole in the middle of October, according to Fumio Kishida.
Published on September 21, 2023
By Iris Barker
Economics
Global debt reaches record $307T in the first half 2023
The Financial Times reported that global debt hit a record $307 trillion in the first half of the year, referring to information from the Institute of International Finance (IIF).
Published on September 20, 2023
By Iris Barker
Management
Banco Santander reorganizes operations in private and business services sectors
The biggest bank in Spain, Banco Santander, has combined its activities to create two new global divisions: Retail & Commercial and Digital Consumer Bank (which provides digital services) for individuals…
Published on September 20, 2023
By Iris Barker
Business & Finance
California authorities sue BP, Shell, Exxon, ConocoPhillips and Chevron
Tens of billions of dollars in climate damage are sought for by the oil industries.
Published on September 18, 2023
By Iris Barker
Economics
Chinese Central Bank lifts restrictions on gold imports for banks
According to sources cited by the Financial Times, the People's Bank of China (PBOC), the nation's central bank, has relaxed temporary limits on gold imports placed on some financial institutions…
Published on September 18, 2023
By Iris Barker
Economics
FTSE 100 hits weekly maximum for 10 months
Due to encouraging information on the state of the Chinese economy, stock indices of the biggest Western European nations ended trading on Friday with gains.
Published on September 18, 2023
By Iris Barker
Management
Salesforce to hire 3.3k employees after cutting 10% of staff
Salesforce Inc., a US-based company that offers cloud-based business solutions for customer engagement, intends to hire 3,300 people for several departments.
Published on September 18, 2023
By Iris Barker
Economics
Fitch raises 2023 global GDP growth forecast to 2.5%
The 2024 estimate was downgraded to 1.9%.
Published on September 15, 2023
By Iris Barker
Business & Finance
Arm papers add over 17% in debut post-IPO trading
In their first day of trade on Thursday, the ADRs of British chip developer Arm Holdings increased by more than 17%.
Published on September 15, 2023
By Iris Barker
Economics
Bloomberg: Expect the largest deficit of oil on the world market since 2007
Due to Saudi Arabia's drop in output, the global oil market may see a supply shortage of around 3.3 million barrels per day in the fourth quarter, reports Bloomberg referring…
Published on September 13, 2023
By Iris Barker
Business & Finance
Google trial starts in the US
Google's trial over its hegemony in internet searches has started in the US.
Published on September 13, 2023
By Iris Barker
World & Politics
Japan’s government resigns in its entirety
Kyodo: The whole Japanese cabinet has resigned.
Published on September 13, 2023
By Iris Barker
Business & Finance
Delivery service Instacart sets to sell $594M worth of shares in IPO
The US grocery delivery business Instacart intends to list shares at a price of $26-28 a share on the Nasdaq market.
Published on September 12, 2023
By Iris Barker
Economics
Societe Generale and Brookfield to create €10B direct lending fund
According to a statement from the bank, French bank Societe Generale and the Canadian investment firm Brookfield Asset Management will put €10 billion into a direct lending fund.
Published on September 12, 2023
By Iris Barker
Business & Finance
US car dealer Asbury buys rival Jim Koons for $1.2B
US auto dealer Asbury Automotive Group acquire its competitor Jim Koons, which will become the largest transaction in the industry since 2021, Asbury announced in a news release.
Published on September 10, 2023
By Iris Barker
Economics
World Bank implements $27B worth of projects in Ukraine
The World Bank and the Ukrainian Finance Ministry have updated their project portfolio which consists of 20 projects totaling $20 billion in grant money, €1 billion in loan monies, and…
Published on September 10, 2023
By Iris Barker
Business & Finance
Norwegian sovereign wealth fund to close its only office in China
The largest sovereign wealth fund in the world, the Norwegian Sovereign Fund, decided to close its only office in China while keeping its interests there.
Published on September 7, 2023
By Iris Barker
World & Politics
England’s second most populous city declares bankruptcy
Birmingham City Council declared that it filed for bankruptcy on Tuesday, September 5. After that day, all payments and expenditures by the city stopped, with the exception of social security…
Published on September 7, 2023
By Iris Barker
World & Politics
WSJ: Chinese officials banned from using iPhones at work
According to the WSJ, China has long demanded that Western computer hardware and software producers replace their products with indigenous alternatives.
Published on September 7, 2023
By Iris Barker
Economics
African countries propose global climate tax to protect poor nations
President of Kenya William Ruto claims that African nations have proven their ability to work together and dispelled any doubts over the fact that "the future of humanity lies in…
Published on September 7, 2023
By Iris Barker
Business & Finance
ECB warns of coming uncertainty
Despite positive signs that core inflation is beginning to slow, Philip Lane of the European Central Bank cautions of an impending time of high uncertainty.
Published on September 6, 2023
By Iris Barker
Business & Finance
Warner Bros. losses due to strikes expected to hit $500M in 2023
Representatives of Warner Bros. Discovery forecast that this year's Hollywood writers' and performers' strikes might cost the movies industry between $300 million and $500 million. The guilds that represent more…
Published on September 6, 2023
By Iris Barker
Economics
UK sees biggest fuel price hike in 23 years
UK citizens will face one of the largest fuel price increases in 23 years.
Published on September 4, 2023
By Iris Barker
Economics
FT: China builds battery plants that exceed domestic demand
China is constructing battery plants with capacities greater than those required to satisfy domestic demand, writes the FT.
Published on September 4, 2023
By Iris Barker
Economics
India proposes biofuel alliance to protect the environment
According to Prime Minister Narendra Modi, the project also aims to promote the energy transition.
Published on September 4, 2023
By Iris Barker
Economics
Bank of China conducts first RMB investment operation in Argentina
Bank of China made its first direct RMB investment in Argentina.
Published on August 31, 2023
By Iris Barker
Economics
Analysts: Inflation in eurozone countries goes up once again
The rate of inflation in the nations that make up the eurozone has stopped declining; in August, it was 5.3%, above economists' projections.
Published on August 31, 2023
By Iris Barker
Business & Finance
Volkswagen warns of production disruptions due to flooding in Slovenia
A representative for the company claims that the effects of the elements have caused one of the suppliers of spare parts to curtail manufacturing in this nation.
Published on August 31, 2023
By Iris Barker
Science & Technology
X will start collecting users’ biometric data
The social media did not define precisely what will be regarded as biometrics.
Published on August 31, 2023
By Iris Barker
Economics
Germany to spend over €7B annually to support the economy
The administration has roughly 50 humanitarian initiatives planned in all.
Published on August 30, 2023
By Iris Barker
Economics
Gasoline prices hit record high in Japan
The average retail price per liter was 185.6 yen.
Published on August 30, 2023
By Iris Barker
Economics
TotalEnergies will cap fuel price at gas stations in France
According to a statement from the French energy business TotalEnergies, the company would support efforts to keep gasoline prices at its French gas stations at €1.99 per litre through the…
Published on August 28, 2023
By Iris Barker
World & Politics
China to cancel COVID-19 tests for travelers entering the country from 30 August
Beginning on August 30, visitors to China won't be required to present the results of PCR tests for coronavirus or antibodies.
Published on August 28, 2023
By Iris Barker
Business & Finance
Nikkei: Arms producers move headquarters to Japan in anticipation of rising military spending
US companies Lockheed Martin and L3Harris Technologies, as well as the British company BAE Systems, have already relocated or plan to do so.
Published on August 28, 2023
By Iris Barker
Business & Finance
Bloomberg: Tensions between China and the US will lead to higher prices for Apple products
According to the agency, production shift from China to other nations may result in price hikes due to rising prices.
Published on August 28, 2023
By Iris Barker
Economics
WTO: World economy will unlikely grow in Q3 2023
However, the World Trade Organization secretariat reported that the second quarter's goods trade was better than in the first three months.
Published on August 24, 2023
By Iris Barker
