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Iris Barker


SEC sues Binance and its Head

The Securities and Exchange Commission (SEC) sued the biggest cryptocurrency exchange Binance and its CEO Changpeng Zhao.
Published on June 6, 2023
By Iris Barker

Global airlines raise overall industry profit forecast for 2023

IATA: international airlines doubled forecast for industry profits in 2023.
Published on June 6, 2023
By Iris Barker

IATA: Passenger air traffic recovers by 90% to pre-pandemic levels

The International aviation Transport Association (IATA) released statistics on global aviation passenger traffic for April.
Published on June 5, 2023
By Iris Barker

FT: UBS to postpone publication of Q2 results due to Credit Suisse deal

The FT learned that UBS is considering delaying the release of its second quarter financial results due to the acquisition of Credit Suisse.
Published on June 5, 2023
By Iris Barker

IEA expects the largest increase in renewable energy capacity in the world’s history

The International Energy Agency (IEA) predicts that the global rise in new renewable energy capacity in 2023 will be the greatest ever, with more growth anticipated in 2024.
Published on June 2, 2023
By Iris Barker

China’s youth unemployment rate hits record high

In April, China's urban youth (ages 16 to 24) saw a record-high jobless rate of 20.4%.
Published on June 1, 2023
By Iris Barker

Bank of Italy Head forecasts GDP growth in 2023

According to projections, Italy's GDP will rise by roughly 1% in 2023. Bank of Italy Governor Ignazio Visco noted that the Italian economy has fared better than anticipated in overcomingโ€ฆ
Published on June 1, 2023
By Iris Barker

IMF raises 2023 GDP forecast for Ukraine

The International Monetary Fund (IMF) increased its prediction for the real GDP of Ukraine in 2023 from -3 to +1% to foresee growth in the range of 1 to 3%,โ€ฆ
Published on May 31, 2023
By Iris Barker

Musk takes interest in expanding business in China

Elon Musk, the CEO of Tesla Inc., expressed interest in growing his company's presence in China to Chinese Foreign Minister Qin Gang on Tuesday. This comes after a statement madeโ€ฆ
Published on May 31, 2023
By Iris Barker

Rolls-Royce to lay off thousands of employees

The British engineering corporation Rolls-Royce may fire thousands of workers as part of a downsizing initiative.
Published on May 29, 2023
By Iris Barker

Reuters: Saudi Arabia buys record volumes of diesel from Russia and sells it in Singapore

According to Reuters, Saudi Arabia is importing more diesel fuel from Russia than ever before. Riyadh primarily exports the inexpensive fuel it purchases from Russia to Singapore to sell itโ€ฆ
Published on May 29, 2023
By Iris Barker

Hyundai and LG to build large $4.3bn battery plant in US

Two South Korean companies, LG Energy Solution and Hyundai Motor Group, will construct an electric vehicle battery plant in the US. Each business will own a 50% stake in theโ€ฆ
Published on May 28, 2023
By Iris Barker

Janus Henderson: Western companies allocate record amounts to dividends and share buybacks in Q1

The overall amount of money firms worldwide dedicated to dividends increased 12% in the first quarter compared to the same period last year, reaching a record $327 billion, according toโ€ฆ
Published on May 28, 2023
By Iris Barker

Uniper: We no longer need state aid

Jutta Doenges, the interim CEO of German energy company Uniper, stated that the company wouldn't require any additional financial support from the German government this year.
Published on May 25, 2023
By Iris Barker

Microsoft backs idea of creating watchdog for ChatGPT

Microsoft president Brad Smith has supported calls for the US government to create a new agency to license major artificial intelligence systems such as ChatGPT.
Published on May 25, 2023
By Iris Barker

Repsol to sell almost half of shares in Spanish RES projects

According to sources of El Confidencial newspaper, Repsol plans to sell 49% of its stakes in a portfolio of operating or upcoming wind and photovoltaic projects in Spain.
Published on May 25, 2023
By Iris Barker

Visa will open first technology and product center in Eastern Europe

The global payment network Visa aims to establish a technology and product center, the first of its kind in Central and Eastern Europe, in Poland.
Published on May 24, 2023
By Iris Barker

Bloomberg: Sea shipments of Russian oil to Asia hit record high

According to figures by Bloomberg, the daily average amount of Russian oil shipments by sea climbed close to 4 million barrels.
Published on May 23, 2023
By Iris Barker

Exxon purchases a site for mining lithium

According to the WSJ, Exxon Mobil purchased a land plot in the United States to mine lithium, which is used in the batteries of electric vehicles, smartphones, and other gadgets.
Published on May 23, 2023
By Iris Barker

G7 countries to speed up transition to clean energy

In order to address the current energy crisis, the G7 leaders decided to quicken the switch to renewable energy while bolstering economic stability, according to the communiquรฉ from the Hiroshimaโ€ฆ
Published on May 21, 2023
By Iris Barker

EC head announces new EU economic security strategy

Ursula von der Leyen, the head of the European Commission, revealed a new EU economic security policy at the G7 summit in Japan. The EC plans to debate this approachโ€ฆ
Published on May 21, 2023
By Iris Barker

Lockheed Martin awarded missile contract for Australia

Lockheed Martin has received a contract to make missiles for Australia, the Pentagon reported.
Published on May 18, 2023
By Iris Barker

Home Depot forecasts first annual drop in sales since 2009

The American home goods company Home Depot released its first-quarter earnings and its year-end 2023 outlook.
Published on May 18, 2023
By Iris Barker

French Parliament backs a bill to restart local nuclear power industry

The French National Assembly voted in favor of a plan that will restart the nation's nuclear power industry and enable it to build new reactors more quickly, as reported onโ€ฆ
Published on May 18, 2023
By Iris Barker

New York Times: Canadian wildfires hit oil and gas industry

The New York Times writes that the oil and gas business in Canada is being impacted by the wildfires presently raging through western Canada, prompting corporations to halt operations.
Published on May 18, 2023
By Iris Barker

De Beers cuts diamond sales by 11 percent

Preliminary data from the international diamond giant De Beers revealed that the companyโ€™s fourth business cycle for the year (May 1-May 16) decreased in sales by 11.4 percent to $480โ€ฆ
Published on May 17, 2023
By Iris Barker

Saudi Arabia to float additional Saudi Aramco shares

Saudi Arabia may introduce more Saudi Aramco shares on the exchange in Riyadh, reports Bloomberg.
Published on May 17, 2023
By Iris Barker

Iraq invites international companies to develop oil and gas fields

Iraq's oil ministry invited foreign firms to develop 13 oil and gas fields.
Published on May 16, 2023
By Iris Barker

PwC being investigated for involvement in leaked Australian government plans

PricewaterhouseCoopers (PwC), a global consulting and auditing firm, is at the center of a significant scandal in Australia.
Published on May 15, 2023
By Iris Barker

WSJ learns of Netflix’s plans to cut $300 million in 2023

The Wall Street Journal said that Netflix will reduce spending by $300 million in 2023, citing sources.
Published on May 15, 2023
By Iris Barker

WSJ: Linda Yaccarino may become new CEO of Twitter

Linda Yaccarino, president of advertising at NBCUniversal, might replace Elon Musk as CEO of Twitter, according to the WSJโ€™s sources.
Published on May 12, 2023
By Iris Barker

Bank of England raises base rate to 4.5 percent

According to a news release from the regulator, the Bank of England increased its benchmark interest rate by 25 basis points in May, from 4.25% to 4.5%, and is readyโ€ฆ
Published on May 12, 2023
By Iris Barker

Gallup: almost half of Americans fear for safety of their money in banks

Gallup revealed findings of a study on the nation's financial position that was carried out in the United States from April 3 to April 25.
Published on May 11, 2023
By Iris Barker

Cryptocurrency exchange Bittrex files for bankruptcy

Cryptocurrency exchange Bittrex Inc. filed for bankruptcy. The decision was made three weeks after U.S. authorities charged the website with operating as an exchange, brokerage, and clearing agency without aโ€ฆ
Published on May 11, 2023
By Iris Barker

Spotify deletes thousands of songs written by AI

According to the Financial Times, Spotify has taken down tens of thousands of songs created by robots for Boomy AI.
Published on May 10, 2023
By Iris Barker

Ferrari surpasses market value of Stellantis

Ferrari, an Italian corporation with shares traded on the Milan Stock Exchange, has outperformed Fiat's market value and into the top three most costly companies.
Published on May 10, 2023
By Iris Barker

US banks tighten lending requirements for households and businesses

US banks have tightened lending requirements for all types of consumer loans as well as commercial loans due to a decline in account deposits and poor loan portfolio quality, accordingโ€ฆ
Published on May 8, 2023
By Iris Barker

Virgin Galactic shares up 24% after announcement of first flight with tourists

Virgin Galacticโ€™s papers grew by more than 24% on the New York Stock Exchange on Monday following the company's announcement of its first commercial flight.
Published on May 8, 2023
By Iris Barker

AliExpress owner to go public in the US

According to Bloomberg, Alibaba's international online trading branch, which also includes AliExpress, is considering an IPO in the US.
Published on May 4, 2023
By Iris Barker

IMF warns of dangers of splitting the world into conflicting economic blocs

International Monetary Fund (IMF) Managing Director Kristalina Georgieva cautioned that the world economy could fragment into conflicting economic blocs, which poses a growing risk that would be harmful to everyone,โ€ฆ
Published on May 4, 2023
By Iris Barker

Number of hungry people in the world rises by third in one year

The number of people at danger of hunger increased by a third in a single year and reached 258 million.
Published on May 4, 2023
By Iris Barker

IEA: World needs $600B to cut global emissions from oil and gas production by half

The International Energy Agency (IEA) analysts predicted that oil and gas businesses will still make record profits in 2022despite the $600 billion expenditure needed to halve global emissions associated withโ€ฆ
Published on May 4, 2023
By Iris Barker

Tesla raises prices in the U.S., China, Japan and Canada

Tesla Inc., which has cut costs on its most popular vehicles since the start of the year, increased pricing on its Model Y and Model 3 electric vehicles in theโ€ฆ
Published on May 3, 2023
By Iris Barker

Swiss Parliament upholds ban on Huawei technology use in critical infrastructure

A restriction on the use of technology directly or indirectly owned by foreign firms, notably the Chinese Huawei, was approved by the Swiss National Council.
Published on May 3, 2023
By Iris Barker

Gartner: Chipmaker revenues to lose over 11% in 2023

According to a report by the research firm Gartner, global semiconductor makers' revenue will drop by 11.2% in 2023 and reach roughly $532 billion.
Published on May 2, 2023
By Iris Barker

Head of IMF: Dollar is losing its reserve currency status

According to IMF Managing Director Kristalina Georgieva, nations are steadily moving away from using the dollar as a reserve currency, and pointed out that there wouldnโ€™t be any substitutes forโ€ฆ
Published on May 2, 2023
By Iris Barker

World’s largest LNG buyer warns of risk of price hike in 2023

According to Bloomberg, Yukio Kani, Head of the world's largest purchaser of liquefied natural gas Japanese Jera energy business, there is a chance that prices would increase this year, particularlyโ€ฆ
Published on May 1, 2023
By Iris Barker

Buffett’s partner warns of risks in US commercial property market

According to Buffett's business partner Charlie Munger, US banks are burdened with "bad loans" for commercial real estate and a storm is developing in the market as values drop.
Published on May 1, 2023
By Iris Barker

Amazon posts $3.2B of first-quarter net profit

Online retailer Amazon had a net profit of $3.172 billion in the first quarter versus a loss of $3.844 billion during the same period in 2022.
Published on April 27, 2023
By Iris Barker

OPEC Chief: Cartel’s actions are not driving up oil prices

According to OPEC Secretary General Haitham al-Ghais, the organization of oil exporting nations' actions are not intended to affect the price of fossil fuels.
Published on April 27, 2023
By Iris Barker
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