Iris Barker

Business & Finance

Musk sets for new AI company

Former employees of Google, Microsoft, and other technology organizations will work for the startup.

Published on July 12, 2023

By Iris Barker

World & Politics

UN: Number of hungry people in the world reaches 735M

The UN estimates that fewer people will go hungry in the world in 2022 than there were in 2021.

Published on July 12, 2023

By Iris Barker

Business & Finance

FT: DHL to invest $551M to expand its business in Latin America

The growing need for services in the area and the ambition to expand into markets other than China, according to the newspaper, were the causes.

Published on July 12, 2023

By Iris Barker

Science & Technology

China plans human landing on the lunar surface by 2030

Zhang Hailian, deputy chief engineer of the China Manned Spaceflight Program Office, stated on Wednesday that China intends to make a human landing on the moon's surface by 2030 in…

Published on July 12, 2023

By Iris Barker

Economics

Foxconn pulls out of $20B semiconductor project

The Times of India write that Vedanta has added new partners and is still dedicated to the project.

Published on July 11, 2023

By Iris Barker

Economics

Investments in Latin America reach record $224 billion in 2022

The amount invested grew by 55.2% from 2021.

Published on July 11, 2023

By Iris Barker

Business & Finance

Financial Times: French Kering acquires perfume company for €3.5B

According to reports cited by the Financial Times, French business Kering SA, which owns labels including Gucci, Balenciaga, and Yves Saint Laurent, purchased perfume maker Creed for €3.5 billion, beginning…

Published on July 10, 2023

By Iris Barker

Business & Finance

Airbus receives orders for 1,044 aircraft in the first half 2023

Airbus recorded 1,044 new orders in the first half of the year thanks to record orders for 750 aircraft from Indian airlines in June.

Published on July 10, 2023

By Iris Barker

Economics

OPEC+ loses 3 million bpd of oil production from 2020 due to lack of investment

Suhail Al Mazroui, minister of energy and infrastructure for the UAE, stated that he was more worried about the oil supply situation than the demand situation.

Published on July 7, 2023

By Iris Barker

Business & Finance

Samsung loses 96% in Q2 operating profit

The company’s operating profit was about $461 million.

Published on July 7, 2023

By Iris Barker

Business & Finance

Saudi Aramco to increase gas production by 50-60% by 2030

Saudi Arabia intends to do this by constructing additional pipelines totaling 4,000 kilometers.

Published on July 6, 2023

By Iris Barker

Economics

UNCTAD: Developing countries need $1.7 trillion a year in clean energy investments

UNCTAD emphasized the need of "reducing the risks of energy transition investments in developing countries through loans, guarantees, insurance instruments, and equity participation as a public sector".

Published on July 6, 2023

By Iris Barker

Business & Finance

Bloomberg: Alibaba works on new strategy for its video services

One of China's most well-known streaming services, Tudou, and Chinese online retailer Alibaba are revising their business strategies for its video services Youku and Tudou, reports Bloomberg citing sources.

Published on July 4, 2023

By Iris Barker

World & Politics

UAE to boost hydrogen production to 15 million tons per year

In accordance with a new energy policy published by the United Arab Emirates, the nation intends to raise hydrogen production to 15 million tons annually by 2050, said Suhail Al…

Published on July 4, 2023

By Iris Barker

Management

Bloomberg: World’s top 500 billionaires have grown rich by $852 billion since beginning of 2023

The aggregate wealth of the top 500 global billionaires climbed by $852 billion in the first half of the year.

Published on July 4, 2023

By Iris Barker

Economics

China cuts exports of gallium and germanium

The export of gallium and germanium, two metals crucial to the creation of semiconductors and other high-tech goods, has been restricted, according to China's Ministry of Commerce. Additionally, China is…

Published on July 4, 2023

By Iris Barker

Economics

Bloomberg: Investors took about $27B out of European funds in 2023

Experts claim that because the American economy appears to be more reliable, people now favor American funds.

Published on July 3, 2023

By Iris Barker

Business & Finance

Tesla shipments add 83% in last quarter

The latest quarter saw an 83% increase in Tesla shipments to market with record sales of more than 466,000 electric vehicles.

Published on July 3, 2023

By Iris Barker

Business & Finance

Renault postpones IPO of its electric vehicle division

The upcoming initial public offering (IPO) of Renault Group's Ampere electric vehicle division has been postponed.

Published on June 29, 2023

By Iris Barker

Economics

Reuters: EU to keep sanctions against Iranian ballistic missiles in place over possible Russian supplies

European diplomats have informed Iran that once the current round of sanctions expires in October 2023, they still aim to continue targeting the nation's ballistic missile program. The potential sale…

Published on June 29, 2023

By Iris Barker

Economics

U.S. may restrict exports of Nvidia and AMD chips to China

Nvidia and AMD chips, which are utilized in artificial intelligence, may not be exported to China, according to the WSJ.

Published on June 29, 2023

By Iris Barker

Business & Finance

Former Audi chief gets 21-month jail sentence in ‘Dieselgate’ case

The Munich court sentenced former Audi CEO Rupert Stadler to 21 months in prison with a suspended sentence for fraud.

Published on June 28, 2023

By Iris Barker

Economics

China tightens censorship of online economic commentators

Weibo, a social media platform in China, announced that it has suspended accounts of three economic analysts who, it claimed, were disseminating "negative and malicious" information about the country's economy,…

Published on June 28, 2023

By Iris Barker

Economics

OPEC expects growth in global oil demand by mid-century

According to OPEC Secretary General Haitham al-Ghais, the demand for oil will reach 110 million barrels per day by 2045. He predicts a 23% increase in the global demand for…

Published on June 27, 2023

By Iris Barker

Economics

EU approves new aid package for affected farmers

The EC: The European Union will provide farmers affected by Ukrainian grain supplies with €100 million.

Published on June 27, 2023

By Iris Barker

Economics

JPMorgan: US economy will enter recession in Q4 2023 – Q1 2024

JPMorgan Chase analysts warned that the US economy may enter a recession in the last quarter of 2023 or the first quarter of 2024.

Published on June 25, 2023

By Iris Barker

Business & Finance

Cathay Pacific to turn profit for the first time in three years

Cathay Pacific, the flag carrier of Hong Kong, provided passenger traffic data for May and stated that it anticipates making a profit for the first half of the year. The…

Published on June 25, 2023

By Iris Barker

World & Politics

US county claims $50 billion from big oil over ‘heat dome’

Authorities in the US state of Oregon's Multnomah County are suing 17 oil and gas firms, seeking more than $50 billion in damages for the "heat dome" phenomenon, which has…

Published on June 22, 2023

By Iris Barker

Economics

World Bank to expand support measures for developing countries

The World Bank will increase the scope of its crisis assistance programs for developing nations.

Published on June 22, 2023

By Iris Barker

World & Politics

UN: Civilian death toll in Ukraine exceeds 9,000

The UN High Commissioner for Human Rights updated statistics on civilian deaths in Ukraine. As of 18 June, 9,083 persons died and 15,790 were injured in Ukraine since 24 February…

Published on June 21, 2023

By Iris Barker

Economics

Goldman Sachs cuts Chinese GDP forecast

The Chinese economy will grow less than expected in 2023 and 2024, from 4.6% to 4.5% and from 6% to 5.4%, respectively, according to Goldman Sachs analysts.

Published on June 21, 2023

By Iris Barker

Economics

Iran joins international union of insurers Berne Union

The International Union of Credit and Investment Insurers (Berne Union) accepted Iran as a member after its candidacy the majority of the union members' votes, according to the IRIB news…

Published on June 20, 2023

By Iris Barker

Management

SVB Securities managers to spend $55 million on the bank

The Wall Street Journal reports that SVB Securities' managers will purchase the company for $55 million cash under the direction of its chief executive.

Published on June 20, 2023

By Iris Barker

Business & Finance

Intel to invest unprecedented amount in chip production in Israel

Israel's chip plant will be built with a record $25 billion investment from U.S. Intel, according to Israeli Prime Minister Benjamin Netanyahu.

Published on June 19, 2023

By Iris Barker

Science & Technology

British company begins testing first printed rocket engines

According to the Sky News TV channel, the British private space business Skyrora started testing the first rocket engines made using 3D printing technology.

Published on June 19, 2023

By Iris Barker

Economics

ECB raises interest rate to 4%

At its meeting on June 15, the Governing Council of the European Central Bank increased the base rate by 25 basis points to 4%.

Published on June 15, 2023

By Iris Barker

Economics

Bloomberg: EU plans to exclude five Chinese companies from sanctions against Russia

The European Union plans to strike five Chinese firms out of the 11th set of sanctions against Russia.

Published on June 15, 2023

By Iris Barker

Business & Finance

EU accuses Google of abusing dominant position in advertising market

The EU charged Google with exploiting its monopoly status in the online advertising industry.

Published on June 15, 2023

By Iris Barker

Business & Finance

German stock index DAX sets new historic high

The main European stock exchanges ended Wednesday with gains.

Published on June 15, 2023

By Iris Barker

Business & Finance

Porsche tops most expensive luxury brands rating

Porsche has once again led Brand Finance's "Luxury & Premium 50" list of the most expensive luxury brands, with a total market value of close to $37 billion.

Published on June 14, 2023

By Iris Barker

Science & Technology

Blink Charging announces launch of Tesla chargers

Blink Charging, a manufacturer of electric vehicle charging equipment, announced that it will introduce a new charger with a Tesla connector.

Published on June 13, 2023

By Iris Barker

Business & Finance

Nasdaq shares lose nearly 12% after the largest deal in company’s history is announced

Nasdaq shares dropped by about 12% after it was revealed that the stock exchange operator agreed to the biggest deal in its history.

Published on June 13, 2023

By Iris Barker

World & Politics

US sets to join UNESCO again

According to the State Department, the US has informed UNESCO (the United Nations Educational, Scientific and Cultural Organization) of its intentions to re-join the organization. Washington withdrew from UNESCO in…

Published on June 11, 2023

By Iris Barker

Business & Finance

Jeff Bezos buys one Amazon share for the first time in 20 years

Analysts are baffled by Jeff Bezos' purchase of just one Amazon’s share for $115. The billionaire, who frequently sells off shares in the corporation to support his space initiatives and…

Published on June 11, 2023

By Iris Barker

Business & Finance

UK watchdog to introduce new rules for cryptocurrency advertising

Beginning on October 8, the Financial Conduct Authority of the United Kingdom will impose new regulations on cryptocurrency advertising.

Published on June 8, 2023

By Iris Barker

World & Politics

Study: Global warming breaks records

A study recently published in the academic journal Earth System Science Data found that global warming has increased by more than 0.2 degrees Celsius.

Published on June 8, 2023

By Iris Barker

Economics

IEA: China’s influence on oil prices more important than decisions by Russia and OPEC

According to the chairman of the IEA, China's economy now influences oil prices more than those made by OPEC and Russia.

Published on June 7, 2023

By Iris Barker

Economics

Forbes: Russian stock market holds blocked €3bn of European investors

As a result of sanctions last year, €3 billion worth of assets of European securities depositories Euroclear and Clearstream were blocked in Russia's National Settlement Depository, writes Forbes.

Published on June 7, 2023

By Iris Barker

Business & Finance

Investors pull out $790 million from Binance after SEC lawsuit

Investors have pulled out more than $790 million from the cryptocurrencies Binance and Binance.US (or more than $778 million and roughly $13 million, respectively).

Published on June 7, 2023

By Iris Barker