Iris Barker
Business & Finance
Boeing adds 28% in Q1 revenue
The U.S. aerospace company Boeing released its first quarter financial results. The company’s revenues increased by 28%, to $17.9 billion.
Published on April 27, 2023
By Iris Barker
Business & Finance
British American Tobacco fined for selling cigarettes to North Korea
British American Tobacco (BAT) and its subsidiary BAT Marketing Singapore (BATMS) were fined by the U.S. Justice Department for engaging in business in the DPRK in order to evade American…
Published on April 27, 2023
By Iris Barker
Economics
UN helps EU countries to redistribute surplus Ukrainian grain
The UN World Food Program will assist the EU nations in distributing extra Ukrainian grain to underdeveloped nations, said Martin Frick, Chief of the UN offices in Berlin and Brussels,…
Published on April 26, 2023
By Iris Barker
Business & Finance
UBS profit halves due to litigation in the U.S.
According to statistics from the corporation, UBS's net profit for the first quarter was $1.03 billion, a 52% decrease from the same time previous year. As a result, the bank's…
Published on April 26, 2023
By Iris Barker
Management
Alphabet pays $218 million in stock to its CEO
The majority of the nearly $226 million paid to Sundar Pichai by Alphabet, Google's parent company, came in the form of stock, which the firm valued at $218 million.
Published on April 25, 2023
By Iris Barker
Business & Finance
New Johnson & Johnson division valued at $40 billion ahead of IPO
Before going public on the New York Stock Exchange, Johnson & Johnson, a part of Johnson & Johnson that will concentrate on producing consumer health products, was valued at $…
Published on April 25, 2023
By Iris Barker
World & Politics
UN reports record levels of global climate change
The Earth's atmosphere now contains record amounts of the three main greenhouse gases: carbon dioxide, methane, and nitrous oxide. This was stated in the State of the Global Climate 2022…
Published on April 23, 2023
By Iris Barker
Economics
Venezuela estimates losses from US sanctions at $232B
According to Delcy Rodríguez, Venezuela's vice president, the country has already lost $232 billion since 2015, when the US implemented sanctions against it. She claimed that the main effect of…
Published on April 23, 2023
By Iris Barker
Management
Huawei introduces own enterprise management system
According to Huawei’s announcement, the company has migrated to a new ERP system that is fully proprietary.
Published on April 20, 2023
By Iris Barker
Science & Technology
World’s most powerful rocket SpaceX explodes shortly after launch
The most powerful rocket in the world was used during Starship's first test flight, which ended in an explosion.
Published on April 20, 2023
By Iris Barker
Economics
Bank of Japan will continue to pursue soft policy
The Bank of Japan will maintain its current accommodative stance in order to hit its inflation target.
Published on April 20, 2023
By Iris Barker
Business & Finance
Intel to stop production of chips used for mining
According to Intel’s official quoted by news site Tom's Hardware, the company said that it would stop making a line of Blockscale mining chips.
Published on April 20, 2023
By Iris Barker
Science & Technology
Italian watchdog: We will unblock ChatGPT at the end of April
According to Pasquale Stanzione, the chairman of the Personal Data Protection Authority, the Italian regulator may allow the popular artificial intelligence (AI) chatbot ChatGPT to operate if certain requirements are…
Published on April 18, 2023
By Iris Barker
World & Politics
G7 countries to step up green transition
G7 foreign ministers issued a statement that calls to keep "any country from using energy exports for geopolitical coercion". Consequently, the G7 governments intend to implement clean energy on a…
Published on April 18, 2023
By Iris Barker
World & Politics
Europe’s largest nuclear reactor goes online in Finland
The biggest nuclear reactor in Europe has begun full-scale operation after spending the previous 18 years under construction In Finland.
Published on April 16, 2023
By Iris Barker
Economics
US becomes India’s largest trading partner in 2022-23
According to preliminary figures cited by the commerce ministry, the US has overtaken China as India's top trading partner in the fiscal year 2022–2023.
Published on April 16, 2023
By Iris Barker
World & Politics
EU Commissioner McGuinness: EU preparing to impose 11th sanctions package against Russia
Member of the European Commission (EC) for services and financial stability Mairead McGuinness said that the EU is working on its eleventh set of anti-Russian measures. She affirmed that it…
Published on April 13, 2023
By Iris Barker
Economics
IMF: Global economy fragmentation will lower GDP in some countries by 12%
According to Kristalina Georgieva, head of the IMF, some nations could eventually lose up to 12% of their GDP as a result of the global economy fragmentation.
Published on April 13, 2023
By Iris Barker
Business & Finance
Emerson Electric to pay $8.2B for meter manufacturer NI
The American industrial company Emerson Electric announced that it would acquire National Instruments (NI), a maker of measuring instruments. The transaction will cost $8.2 billion.
Published on April 13, 2023
By Iris Barker
Science & Technology
Solar and wind energy hits record 12% share in 2022
In 2022, wind and solar energy made up a record-high 12% of the world's energy mix.
Published on April 13, 2023
By Iris Barker
Economics
Inflation in China shows the lowest growth in 18 months
The consumer inflation index (CPI) for China increased by 0.7 percent in March from a year earlier, which was the smallest gain since September 2021 and less than the 1…
Published on April 12, 2023
By Iris Barker
Economics
IMF: Venezuela to show the best performance in Latin America in 2023
According to a forecast by the International Monetary Fund (IMF), Venezuela will have the highest economic growth (5%) among Latin American nations in 2023.
Published on April 12, 2023
By Iris Barker
Economics
FT: Strikes and riots cost insurers more than terrorist attacks
The Financial Times (FT) cites insurance brokerage Howden as saying that since 2015, large strikes and riots have cost the insurance industry $10 billion in losses, whereas terrorist acts have…
Published on April 11, 2023
By Iris Barker
Economics
World Bank Chief: Low interest rates policy resulted in misallocation of capital
The policy of low interest rates led to misuse of capital, and restoring to its effective use leads to losses in the banking sector, said World Bank President David Malpass.
Published on April 11, 2023
By Iris Barker
Science & Technology
Alibaba seeks companies to test its AI chatbot
Alibaba is searching for businesses to test its Tongyi Qianwen chatbot, which uses artificial intelligence, reports Reuters. Alibaba is thus attempting to imitate ChatGPT's enormous success.
Published on April 9, 2023
By Iris Barker
Business & Finance
US expects corporate profits to decline in Q1
According to FactSet analysts' predictions, companies in the S&P 500 index will experience an average 6.8% decline in net profit during the first quarter of this year compared to the…
Published on April 9, 2023
By Iris Barker
Business & Finance
Microsoft to pay a fine for multiple violations of U.S. sanctions
Microsoft will pay a three million dollar fine for 1,300 violations of sanctions.
Published on April 7, 2023
By Iris Barker
Science & Technology
Reuters: China is developing $500 million network of Internet cables to oppose the U.S.
Three Chinese operators are creating a $500 million undersea network of Internet connections, reports Reuters.
Published on April 7, 2023
By Iris Barker
Management
Credit Suisse and UBS employees will receive limited bonuses
Switzerland will restrict the amount of bonuses paid to senior Credit Suisse and UBS workers.
Published on April 6, 2023
By Iris Barker
Economics
Yellen urges IMF to step up support for debtor countries
Following discussions with IMF chief Kristalina Georgieva on Tuesday, US Treasury Secretary Janet Yellen praised the IMF's move to lend money to Ukraine and urged the organization to do more…
Published on April 4, 2023
By Iris Barker
Economics
ECB warns about impact of rate hikes on financial conditions
ECB spokesman Makhlouf: rate increases significantly affect financial circumstances.
Published on April 4, 2023
By Iris Barker
Economics
Reserve Bank of Australia keeps key rate unchanged
Having been increasing the rate at 10 meetings straight, the Reserve Bank of Australia finally kept its benchmark interest rate at 3.6 percent on Tuesday.
Published on April 4, 2023
By Iris Barker
Management
Walmart plans to cut jobs
U.S. Walmart, the largest retailer in the world, intends to cut more than 2,000 jobs, writes Bloomberg.
Published on April 4, 2023
By Iris Barker
Economics
Experts: OPEC+ may maintain oil production quotas
Prior to the Monday, April 3 meeting of the ministerial monitoring committee, Bloomberg reported that OPEC+ thought maintaining production quotas would be the best reaction to the escalating unpredictability in…
Published on April 2, 2023
By Iris Barker
World & Politics
India’s military exports reach record $1.9bn
According to Indian Defense Minister Rajnath Singh, the nation's shipments of weapons and defense technology for the fiscal year 2022–2023 totaled Rs 159.2 billion (roughly $1.9 billion). He claimed that…
Published on April 2, 2023
By Iris Barker
Business & Finance
FT: Oil trader Vitol’s profits hit record $15bn
The Financial Times (FT), citing its own sources, reports that the largest independent oil trader in the world, Vitol, has reported a $15 billion net profit for 2022. This amount…
Published on March 30, 2023
By Iris Barker
Economics
German public debt rises to record €2.37 trillion
Federal Statistical Office shows that Germany's public debt has increased to a record-high level of €2.37 trillion. The agency attributes the rise to the COVID-19 epidemic support measures and the…
Published on March 30, 2023
By Iris Barker
Economics
US White House will demand tougher rules for mid-size banks after SVB bankruptcy
The White House will call for stricter regulations for midsize banks with holdings between $100 billion and $250 billion this coming week. The U.S. Federal Reserve (Fed) and other authorities…
Published on March 30, 2023
By Iris Barker
Economics
IMF Head: Problems of Western banks were inevitable because of the fight against inflation
According to Kristalina Georgieva, managing director of the International Monetary Fund (IMF), the issues facing the banking sector in developed countries were an inevitable result of the government's efforts to…
Published on March 30, 2023
By Iris Barker
Economics
Analysts: Asia’s GDP growth rate will amount to 4.5 percent in 2023
According to a study from the Boao Asian Economic Forum (BAF), Asia's GDP growth will be 4.5 percent by the end of 2023.
Published on March 29, 2023
By Iris Barker
Economics
Eurostat names main oil exporter to EU
By the end of 2022, the United States will overtake Russia in terms of oil shipments to the European Union, with Russia's share falling from 31% to 4%, according to…
Published on March 29, 2023
By Iris Barker
World & Politics
California to ban unhealthy sweets
Lawmakers in the American state of California want to outlaw unhealthy candies because they contain potentially harmful substances. According to NBC News, the case might not make it to the…
Published on March 28, 2023
By Iris Barker
Business & Finance
Saudi Aramco to expand presence in China
According to a press statement from Saudi Aramco, the country's national oil and gas company, the deal of purchasing a 10% stake in the Chinese Rongsheng Petrochemical will cost $3.6…
Published on March 28, 2023
By Iris Barker
Economics
Americans withdraw nearly $100B from bank deposits in a week
CNBC reports that between March 8 and March 15 Americans withdrew $98.4 billion from bank deposits, according to statistics from the Federal Reserve.
Published on March 26, 2023
By Iris Barker
Economics
IMF Chief: Higher interest rates are risky
According to Kristalina Georgieva, head of the International Monetary Fund (IMF), central banks' increases in interest rates to combat inflation are resulting in greater risks to financial security.
Published on March 26, 2023
By Iris Barker
Business & Finance
China opposes sale of TikTok business in the US
China has issued a strong warning that it will resist TikTok's forced sale to the United States and its separation from Chinese parent company ByteDance.
Published on March 23, 2023
By Iris Barker
Economics
Bank of England raises interest rate
According to a news release from the authority, the Bank of England increased its benchmark interest rate by 25 basis points from 4% to 4.25% at the conclusion of its…
Published on March 23, 2023
By Iris Barker
Business & Finance
EC suspects Red Bull of breaching antitrust laws
Investigators from the European Commission's antitrust division conducted inspections at Red Bull's European locations. According to AFP, which cited officials, the business was suspected of breaking EU antitrust laws by…
Published on March 22, 2023
By Iris Barker
Business & Finance
Argentine government takes temporary control over Enel’s local subsidiary
The energy company Edesur, which is owned by the Italian Enel, will now temporarily be under the authority of the Argentine government.
Published on March 22, 2023
By Iris Barker
Business & Finance
Credit Suisse bondholders getting ready to sue the bank
Bondholders of the Swiss bank Credit Suisse are allegedly preparing to sue the institution, according to the CNBC TV channel. The valuation of the $17 billion in AT1 bonds (unsecured…
Published on March 22, 2023
By Iris Barker
