Iris Barker
Business & Finance
EU Court Orders Mercedes To Pay Compensation In Diesel Lawsuit
If a purchaser experienced damages as a result of Mercedes Benz's improper installation of devices that reduce exhaust recirculation in diesel vehicles, the carmaker will be required to make restitution,…
Published on March 22, 2023
By Iris Barker
Economics
U.S. LNG exports to Europe grows by nearly 2.5 times in a year
In 2022, American LNG shipments to Europe increased to 117.4 million cubic meters. According to a study by the White House Council of Economic Advisers, that is nearly 2.5 times…
Published on March 21, 2023
By Iris Barker
World & Politics
Bloomberg: Trump will not be put in jail if indicted
If charges are brought against him, the 45th U.S. President Donald Trump won't be handcuffed and taken to a cell, an insider told Bloomberg. Trump suggested last week that he…
Published on March 21, 2023
By Iris Barker
World & Politics
Macron’s rating falls to lowest since 2019 amid pension reform
The unpopular pension reform is contributing to the decline in French President Emmanuel Macron’s popularity, writes Le Journal du Dimanche referring to a poll by the French Institute of Public…
Published on March 19, 2023
By Iris Barker
Business & Finance
London Metal Exchange finds bags of stones instead of nickel in Rotterdam warehouse
The London Metal Exchange (LME) found sacks with stones rather than nickel in a Rotterdam warehouse.
Published on March 19, 2023
By Iris Barker
Economics
Japanese financial authorities to discuss global financial situation
Nikkei newspaper reports that representatives of the Japanese Ministry of Finance, the Bank of Japan, and the Financial Services Agency are coordinating the possibility of a meeting on Friday evening…
Published on March 17, 2023
By Iris Barker
World & Politics
Ukraine to set up nuclear fuel production in three years
In three years, Ukraine intends to start manufacturing nuclear fuel for nuclear power plants, which will eventually be sold to other nations.
Published on March 17, 2023
By Iris Barker
Economics
China pushes aluminum production to the highest since 2015
In comparison to the same time last year, China's aluminum production increased 7.5 percent in the first two months of this year, according to data released by the National Bureau…
Published on March 16, 2023
By Iris Barker
Economics
IEA expects record oil demand in 2023
According to the International Energy Agency's (IEA) monthly report, China and the aviation sector will be the primary drivers of the projected 2 million barrels per day increase in global…
Published on March 16, 2023
By Iris Barker
Business & Finance
U.S. Justice Department opens investigation into Silicon Valley Bank
The U.S. Justice Department is looking into the collapse of Silicon Valley Bank, the biggest bankruptcy since the 2008 financial crisis, report two sources of The New York Times.
Published on March 15, 2023
By Iris Barker
Science & Technology
FBI: Cybercriminals robbed users of $10 billion in 2022
The U.S. Federal Bureau of Investigation (FBI) has released its annual the Internet Crime Report. According to the research, 2022 set a five-year record for online fraud losses at more…
Published on March 15, 2023
By Iris Barker
Business & Finance
Tesla to install charging stations for electric cars in Turkey
According to the NTV channel, Tesla has been given permission by Turkish officials to set up the first electric vehicle charging stations.
Published on March 10, 2023
By Iris Barker
Economics
FT: Chinese clients of Swiss banks alarmed over possible sanctions
Wealthy Chinese clients have revealed that they are extremely concerned about keeping money in Swiss banks due to the possibility of being placed on sanctions lists – primarily because of…
Published on March 10, 2023
By Iris Barker
Business & Finance
De Beers increases diamond sales for two weeks
De Beers saw a 9% rise in diamond sales in the last two weeks.
Published on March 9, 2023
By Iris Barker
Economics
Bloomberg: U.S. to discuss one of largest defense budgets draft
The total U.S. military budget for the fiscal year that starts on October 1 will rise to $835 billion from the current $816 billion.
Published on March 9, 2023
By Iris Barker
Economics
JP Morgan: There is 15% chance of recession in USA in the first half of 2023
According to JP Morgan analysts, there is a 15% chance that the United States will experience a recession in the first half of 2023.
Published on March 7, 2023
By Iris Barker
Economics
OPEC+ estimates reduction in oil investments at $500bn a year
The amount invested in the extraction of oil worldwide is decreasing on average by $500 billion a year, and this may result in affordability and security issues, said Haitham Al…
Published on March 7, 2023
By Iris Barker
World & Politics
FT: Beijing forces Hong Kong politicians to give up foreign passports
Famous politicians and powerful businessmen in Hong Kong are being pressured by the Chinese government to give up their foreign passports if they want to be elected to the National…
Published on March 7, 2023
By Iris Barker
Economics
Australian Central Bank raises key rate to the highest in more than a decade
Australia's central bank increases the key rate to 3.6 percent, the highest level in more than a decade.
Published on March 7, 2023
By Iris Barker
Economics
China to increase military funding by 7% in 2023
According to the country's draft 2023 budget, Chinese officials will raise the military budget by 7.2 percent to 1,553.7 billion yuan (roughly $224.8 billion) in 2023.
Published on March 6, 2023
By Iris Barker
World & Politics
UN Secretary General calls on developed countries to allocate up to 0.20% of national income to help neighbors
According to UN Secretary-General António Guterres, developed nations must keep their promise to assist the least developed nations. He demanded that 0.15 to 0.20 percent of nations’ gross domestic product…
Published on March 6, 2023
By Iris Barker
Economics
ECB Head: We will raise the rate by 50 basis points in March
In an interview with Spanish television station Antena 3, the ECB’s head Christine Lagarde stated that the European Central Bank (ECB) will once more increase its key rate by 50…
Published on March 3, 2023
By Iris Barker
Management
Former head of E.ON UK to head German Uniper
According to a press release from Uniper, Michael Lewis, the previous CEO of E.ON's British division, will lead the German energy company.
Published on March 2, 2023
By Iris Barker
World & Politics
WHO urges to prepare for new pandemic
Richard Peabody, an epidemiologist for the World Health Organization (WHO), told the Spanish newspaper El Pais that the global community needs to be ready for the chance that bird flu…
Published on March 2, 2023
By Iris Barker
Business & Finance
Bank of Japan urges to continue ultra-soft monetary policy
Inflation has not yet stabilized at the 2% goal, according to Bank of Japan board member Junko Nakagawa. The official noted that the central bank must maintain its ultra-soft monetary…
Published on March 1, 2023
By Iris Barker
Business & Finance
HP’s profit halves in Q1 2022-2023
The first quarter of fiscal 2022–2023, which finished on January 31, saw a 2.2 times year-over-year decline in HP Inc's net income to $487 million, the company reported in a…
Published on March 1, 2023
By Iris Barker
Science & Technology
Nikkei: Amazon leads in number of patents for unmanned vehicles
The "big five" American technology companies—Alphabet, Amazon, Apple, Microsoft, and Meta—have submitted the most patents for unmanned transportation, according to estimates from the Japanese Nikkei agency.
Published on February 28, 2023
By Iris Barker
Business & Finance
Tesla shareholders file class action lawsuit against the company and Musk
Tesla shareholders launched a class action lawsuit against the American automaker and its billionaire CEO Elon Musk, charging him of falsifying data regarding autonomy and safety of its electric vehicles.
Published on February 28, 2023
By Iris Barker
Business & Finance
Berkshire’s operating profit hits an all-time record in 2022
Warren Buffett’s Berkshire Hathaway Inc. announced its highest annual operating profit in the company history, despite a decline in the fourth-quarter profit due to foreign exchange losses and rising interest…
Published on February 27, 2023
By Iris Barker
World & Politics
WSJ: US Department of Energy concludes that COVID-19 pandemic was caused by lab leak
The COVID-19 pandemic most likely resulted from a laboratory breach in China, according to the US Department of Energy. This is reported by The Wall Street Journal (WSJ), who used…
Published on February 27, 2023
By Iris Barker
Business & Finance
Boeing suspends delivery of 787 aircraft due to fuselage problems
Boeing has halted deliveries of the 787 Dreamliner due to fuselage issues.
Published on February 24, 2023
By Iris Barker
Business & Finance
Eni to double LNG sales by 2026
Italian Eni anticipates a doubling of LNG shipments by 2026.
Published on February 23, 2023
By Iris Barker
World & Politics
Nearly 5 million refugees apply for EU for protection in 2022
Nearly a million asylum applications were granted in EU nations in 2022, according to the EU Agency for Migration. Most of them are from Syria and Afghanistan.
Published on February 23, 2023
By Iris Barker
Science & Technology
Bentley to switch from W12 engine to electric cars
According to the company’s website, the iconic W12 12-cylinder engine that Bentley Motors has been making for the past 20 years will be discontinued in favor of electric-powered cars.
Published on February 23, 2023
By Iris Barker
Business & Finance
Source: Japan Post to sell $8.9 billion worth of banking shares
By the end of the month, Japan Post Holdings Co. is considering selling $9 billion worth of stock in order to reduce its ownership of its Japan Post Bank Co.…
Published on February 22, 2023
By Iris Barker
Business & Finance
BHP’s net income falls by 32 percent
Australia's BHP, one of the biggest mining firms in the world, said on December 31 that its net profit decreased by 32% year over year to $6.457 billion in the…
Published on February 21, 2023
By Iris Barker
Economics
WSJ: Venture capital funds raise lowest amount in 9 years
The fourth quarter of last year saw venture capital funds raise $20.6 billion, which was 65% less than a year earlier and the lowest amount since 2013.
Published on February 21, 2023
By Iris Barker
World & Politics
China declares full victory over COVID-19 pandemic
As the nation has fully recovered from the COVID-19 pandemic, Wang Yi, head of the Foreign Affairs Commission Office of the Chinese Communist Party Central Committee, stated that Chinese authorities…
Published on February 20, 2023
By Iris Barker
Economics
Mexico creates national lithium mining zone
According to a news release posted on the official website of Mexico, President Manuel Lopez Obrador designated 235 thousand hectares of land in the northern state of Sonora as a…
Published on February 20, 2023
By Iris Barker
Business & Finance
Bloomberg: Twitter closes two of its three offices in India
According to sources cited by Bloomberg, two of Twitter's three offices in India have been shut down.
Published on February 17, 2023
By Iris Barker
Economics
European Parliament to consider joint fertilizers procurement
A mechanism for joint fertilizer purchases within the EU was suggested by the European Parliament.
Published on February 17, 2023
By Iris Barker
Management
World Bank president David Malpass to step down
David Malpass, the president of the World Bank Group, told the board of executive directors that he plans to retire before the end of the fiscal year.
Published on February 15, 2023
By Iris Barker
Economics
Reuters: Eurozone avoids technical recession
The euro area's gross domestic product (GDP) dynamics are still positive. According to Reuters, which used data from Eurostat, the figure had increased by 0.1 percent from the previous quarter…
Published on February 15, 2023
By Iris Barker
World & Politics
Study: COVID-19 pandemic seriously undermined mental health of America’s youth
The epidemic has had the biggest negative impact on young people's mental health in the U.S.
Published on February 15, 2023
By Iris Barker
Business & Finance
Reuters: Airbus chief disappointed with drop in plane deliveries in January
Guillaume Faury, the CEO of Airbus, was unhappy with the company's aircraft deliveries in January and informed top managers that this year's total shouldn't fall short of the target set…
Published on February 14, 2023
By Iris Barker
World & Politics
Japanese watchdog adopts government plan to operate NPPs over 60 years
According to Kyodo News Agency, Japan's Nuclear Energy Regulatory Committee has legally approved the government's proposal to run nuclear power stations for more than 60 years.
Published on February 14, 2023
By Iris Barker
Economics
Bloomberg: Global warming threatens U.S. maple syrup business
According to Bloomberg, the American maple syrup industry is under threat from warm winters. American producers are forced to relocate further north as a result of global warming. The maple…
Published on February 13, 2023
By Iris Barker
Business & Finance
BMW reaches pre-tax profit target in 2022
BMW has achieved its 2022 goals with pre-tax profits that were much greater than the prior year. Focus Money magazine published this information referring to the chief financial officer of…
Published on February 13, 2023
By Iris Barker
Management
Disney announces restructuring, cuts 7,000 jobs
Walt Disney Co. announced a significant reorganization led by newly reinstated CEO Bob Iger. To save $5.5 billion and turn a profit on streaming services, the firm will lay off…
Published on February 9, 2023
By Iris Barker
World & Politics
World Bank to provide assistance to Turkey
Turkey will get $1.78 billion in post-quake support from the World Bank.
Published on February 9, 2023
By Iris Barker
