Iris Barker
Business & Finance
Nvidia shares hit record high after successful quarterly report
Following the release of the company's quarterly report, the share price of Nvidia increased to a record high. Shares of the chip manufacturer grew by more than 200% so far…
Published on August 24, 2023
By Iris Barker
Business & Finance
Bloomberg: Huawei is circumventing US sanctions
The Chinese corporation Huawei establishes several covert semiconductor production sites across the country under different identities in order to get over US sanctions, writes Bloomberg citing the US Semiconductor Industry…
Published on August 23, 2023
By Iris Barker
World & Politics
Trump raises record $72M for his campaign
The former US president received donations that were distributed to over 450 thousand individuals.
Published on August 23, 2023
By Iris Barker
Business & Finance
S&P downgrades credit ratings of several U.S. banks
S&P reduced long-term credit ratings of a number of US banks.
Published on August 22, 2023
By Iris Barker
Management
Citigroup to split up its institutional client business
Sources told the FT that the head of Citigroup is thinking about dividing the company's institutional clients division into three sections.
Published on August 22, 2023
By Iris Barker
Economics
FT: BRICS members to discuss trade transactions in national currencies
According to the Financial Times, which cites unnamed sources, BRICS presidents may debate the possibility of conducting trade transactions with one another in national currencies.
Published on August 20, 2023
By Iris Barker
Economics
Bloomberg: Government bond yields hit 15-year high
Since the 2008 financial crisis, the yields on government bonds have increased to their highest levels in 15 years, writes Bloomberg.
Published on August 17, 2023
By Iris Barker
Business & Finance
Intel backs out from $5.4B purchase of chip maker Tower
Intel has backed out of its $5.4 billion acquisition of Israeli chipmaker Tower Semiconductor after an agreement for the deal expired on August 15 but was never approved by Chinese…
Published on August 17, 2023
By Iris Barker
Business & Finance
Japan to send $2M in aid to victims of Hawaii wildfires
According to the Japanese Foreign Ministry, the assistance will be given via the American Red Cross and the Japan Platform as a measure of relief for the disaster's victims.
Published on August 16, 2023
By Iris Barker
Economics
Philip Morris plans to stop producing conventional cigarettes in the future
According to Markus Essing, head of the group's German branch, the company wants to provide customers with less damaging alternatives.
Published on August 16, 2023
By Iris Barker
Economics
FT: EU attracted half as much environmental investment in a year as the United States
According to the newspaper, Europe invested $8.7 billion in clean energy and electric vehicle startups, but the United States designated more than $21.7 billion for comparable initiatives.
Published on August 16, 2023
By Iris Barker
Business & Finance
Carlsberg posts profit in the first half 2023 after loss in 2022
Carlsberg generated a net profit of $322 million during the first six months of the year.
Published on August 16, 2023
By Iris Barker
Economics
FT: Drought in Panama Canal region results in idling of LNG tankers
Waiting times have climbed from eight to 18 days since July 10, according to shipping company Norton Lilly.
Published on August 15, 2023
By Iris Barker
Business & Finance
Tesla to launch cheaper versions of S and X models in North America
The specifications of the new electric cars have been streamlined.
Published on August 15, 2023
By Iris Barker
Economics
SCMP: China squeeze Western companies out of Africa’s biggest infrastructure projects
Chinese contractors have received approximately 31% of contracts worth $50 million or more to build similar projects in Africa in 2022, according to the South China Morning Post.
Published on August 14, 2023
By Iris Barker
Business & Finance
Australian court fines Dell $6.5M for defrauding consumers
The business sold more than 5.3 thousand monitors at an inflated price.
Published on August 14, 2023
By Iris Barker
Business & Finance
Alibaba’s net profit doubles in Q1
The online retailer Alibaba increased its net profit to $4.735 billion.
Published on August 10, 2023
By Iris Barker
World & Politics
China to turn the screw on Internet resources to eliminate business rights infringements
The aim is to ensure protection from libel, incorrect information, and improper dissemination of confidential information.
Published on August 10, 2023
By Iris Barker
Economics
EU starts preparations to impose sanctions against Niger’s rebels
The EU list will have a section on "undermining democracy," according to Reuters.
Published on August 9, 2023
By Iris Barker
World & Politics
Court orders Portuguese bank to return frozen $ 1.5B to Venezuela
The court mandated that Novo Bank start paying the interest that is owed for a delay in 2019.
Published on August 9, 2023
By Iris Barker
Economics
Japan’s payments surplus balance rises to $56B in the first half of 2023
It climbed by about $5.6 billion in comparison to the same period in 2022.
Published on August 8, 2023
By Iris Barker
Business & Finance
PayPal launches its own stablecoin
PYUSD is backed by US Treasury securities, dollar deposits, and other cash equivalents.
Published on August 8, 2023
By Iris Barker
Business & Finance
Fintech startup Revolut to close cryptocurrency operations in the US
According to Decrypt, Revolut has decided to cease bitcoin operations in the US in the fall. The fintech business made this choice as a result of legislative changes and unpredictability…
Published on August 7, 2023
By Iris Barker
Business & Finance
ASML to invest $1B in lithography machine production facility in Taiwan
The plant will be built in the Linkou district of Xinbei city, according to Taipei Shibao newspaper.
Published on August 3, 2023
By Iris Barker
Economics
China’s household debt volume approaches the IMF crisis mark
According to The South China Morning Post, total household debt in China will be 61.9 percent of the country's GDP by the end of 2022.
Published on August 3, 2023
By Iris Barker
Business & Finance
Germany is investigating new cryptocurrency project Worldcoin
The German BayLDA (Bavarian Data Protection Supervisory Authority) is looking into the Worldcoin cryptocurrency initiative, which was launched last week.
Published on August 2, 2023
By Iris Barker
World & Politics
EU and Turkey to discuss renewal of Customs Union
In order to "restore the confidence of European partners and investors," the European Union (EU) and Turkey will talk about upgrading the customs union, according to Bloomberg.
Published on August 2, 2023
By Iris Barker
Science & Technology
Garuda Indonesia is testing palm oil-fueled aircraft engines
The transition to the flight test phase is planned for late August.
Published on August 2, 2023
By Iris Barker
Business & Finance
BP loses 70% of profit in Q2
BP reported a $2.6 billion quarterly underlying replacement cost profit, which is a metric similar to net income. In comparison to the second quarter of 2022, this is about 70%…
Published on August 2, 2023
By Iris Barker
Economics
IMF: Ukraine’s state debt to reach 100.7% of GDP in 2025
According to economists, Kiev's governmental debt will reach 98.6% of GDP in 2024.
Published on August 1, 2023
By Iris Barker
Economics
Argentina to make its next IMF payment in Chinese yuans instead of dollars
The $1 billion that the Andean Development Corporation gave the nation would also be used to settle its debt.
Published on August 1, 2023
By Iris Barker
Business & Finance
Kering to buy 30% stake in Valentino
The acquisition will cost €1.7 billion in total.
Published on July 27, 2023
By Iris Barker
Economics
ECB raises rates for the ninth time in a row
It was the ninth consecutive rate increase by the European Central Bank.
Published on July 27, 2023
By Iris Barker
Science & Technology
IT market leaders cooperate to oversee AI security
Google, Microsoft, Anthropic, and OpenAI will form the Frontier Model Forum, an organization to monitor the development of AI models, Google announced in a statement.
Published on July 26, 2023
By Iris Barker
World & Politics
Reuters: Vietnam sets to increase production of rare-earth elements by 470 times
A plan created by the Vietnamese government envisages that the nation will produce 2.02 million tonnes of rare-earth elements annually by 2030, according to Reuters.
Published on July 25, 2023
By Iris Barker
Economics
IMF forecasts global economic slowdown
Experts from the IMF report a nearly global fall in business activity. In wealthy nations, this decline is correlated with a decline in industry and the exhaustion of rebound growth…
Published on July 25, 2023
By Iris Barker
Business & Finance
Tesla overtakes German carmakers in electric car sales
According to Bloomberg, Tesla sold almost 890,000 electric vehicles on the world market in 2023, compared to about 590,000 sold by Volkswagen, BMW, and Mercedes-Benz combined.
Published on July 24, 2023
By Iris Barker
Economics
Wheat price up 12 per cent after Ukraine grain deal ends
The price of September wheat futures on the Chicago Mercantile Exchange has surged by 12.3% as the grain deal was terminated.
Published on July 24, 2023
By Iris Barker
Business & Finance
Glencore expects up to $4bn profits from its trading division
One of the biggest providers of commodities in the world, Glencore, has released its half-year results.
Published on July 23, 2023
By Iris Barker
Economics
Price hikes in 2023 expected to hit record high in Japan
Price increases affected over 30,000 items.
Published on July 23, 2023
By Iris Barker
Economics
North Korea’s foreign trade volume grows 122.3% in 2022
In comparison to 2021, the DPRK's international trade volume increased by 122.3 percent to $15.9 billion in 2022, shows a study on North Korean foreign trade released on Thursday by…
Published on July 21, 2023
By Iris Barker
Economics
Bitcoin’s correlation with S&P 500 falls to three-year low
Binance Research: Bitcoin's correlation with the S&P 500 index has reached a three-year low.
Published on July 21, 2023
By Iris Barker
Economics
Venezuela to push oil production to over 1M bpd by the end of 2023
The nation's oil minister, Pedro Rafael Tellechea, claims that exports are also increasing and will make up around 60% of the total.
Published on July 20, 2023
By Iris Barker
Economics
IEA downgrades global energy consumption growth forecast for 2023
The International Energy Agency forecasts that the rate of growth of global energy consumption will be higher in 2024.
Published on July 20, 2023
By Iris Barker
Economics
UAE and Congo sign agreement to develop four mines worth $1.9bn
The mines will open in the provinces of South Kivu and Maniema.
Published on July 19, 2023
By Iris Barker
Economics
UN Secretary General: AI’s contribution to global economy will rise to $15 trillion by 2030
António Guterres emphasized that the emergence of generative artificial intelligence "amazed and shocked" him.
Published on July 19, 2023
By Iris Barker
Science & Technology
SEC chief warns of risks to financial systems due to AI
The growth of artificial intelligence will require authorities to alter regulations in order to ensure financial stability, according to the SEC chairman.
Published on July 18, 2023
By Iris Barker
World & Politics
Turkish President sets to attract $50B of investment from Gulf countries to Turkey
The Turkish president is expected to sign deals in the energy, transportation, and defense sectors during his trip to Qatar, Saudi Arabia, and the United Arab Emirates, reports the Hürriyet…
Published on July 17, 2023
By Iris Barker
Economics
US: We’re about to agree with India on minimum tax system
Washington "looks forward to working with India on an investment platform that will lower the cost of capital and increase private investment to accelerate India's clean energy transition," US Treasury…
Published on July 17, 2023
By Iris Barker
Economics
S&P: Corporate bankruptcy filings in USA hit the highest in 13 years
S&P Global Market Intelligence, a media holding firm, reports that businesses are concerned about rising inflation and high interest rates.
Published on July 13, 2023
By Iris Barker
