
Iris Barker
Business & Finance
Uber’s net loss grows 18.4 times in 2022
According to Uber Technologies Inc.'s financial reports, the company's net loss attributable to shareholders for 2022 climbed 18.4 times from the value for 2021 to $9.141 billion.
Published on February 8, 2023
By Iris Barker
Economics
US trade deficit rises to record $948.1B
In 2022, the US trade deficit increased by 12.2% to $948.1 billion. The Wall Street Journal reported this referring to information from the US Department of Commerce.
Published on February 8, 2023
By Iris Barker
Economics
ECB survey: Consumer inflation expectations in eurozone grow in December
The results of the ECB survey, which were released on Tuesday, revealed that despite declining energy costs and rising interest rates, consumer inflation expectations in the euro area grew inโฆ
Published on February 8, 2023
By Iris Barker
World & Politics
UK to create energy security ministry
According to the governmentโs statement, UK Prime Minister Rishi Sunack announced creation of four new ministries, including the Ministry of Energy Security.
Published on February 8, 2023
By Iris Barker
Economics
Bank of England ponders new interest rate hike
According to Catherine Mann, a member of the Bank's monetary policy committee, the Bank of England may increase its benchmark interest rate once more in the future in order toโฆ
Published on February 7, 2023
By Iris Barker
Business & Finance
FTX Group asks U.S. politicians to return its donations
The FTX Group, which filed for bankruptcy in November, asked American politicians to return tens of millions of dollars in political contributions made by last fall.
Published on February 7, 2023
By Iris Barker
World & Politics
Argentine authorities to introduce new bill amid high inflation
The Argentine government has decided to issue a 2,000 peso bill amid severe inflation.
Published on February 3, 2023
By Iris Barker
Business & Finance
Starbucks boosts net income for Q1 in fiscal 2022-2023
Starbucks, one of the biggest coffee chains in the world, reported that its net income increased 5% year over year to $855.2 million in the first quarter of its fiscalโฆ
Published on February 3, 2023
By Iris Barker
World & Politics
WHO reports 65% increase in COVID-19 deaths worldwide in four weeks
In the previous four weeks (Jan. 2-29), COVID-19 has been detected in 20 million people worldwide, and more than 114,000 of them have perished.
Published on February 2, 2023
By Iris Barker
Economics
Fitch forecasts LNG imports growth to the EU
According to a forecast by Fitch Ratings, liquefied natural gas imports to the European Union might increase by about 30%, from 120 billion cubic meters in 2022 to 155 billionโฆ
Published on February 2, 2023
By Iris Barker
Business & Finance
Tesla to increase costs amid production ramp-up
The production of new battery cells and Semi trucks is expected to increase significantly over the course of the coming year, according to Tesla Inc.
Published on February 1, 2023
By Iris Barker
Management
Intel to cut managers’ salaries due to downturn in computer market
A week after publishing a lower-than-anticipated sales projection due to a loss of market share and a decline in the personal computer market, U.S. giant Intel will reduce compensation forโฆ
Published on February 1, 2023
By Iris Barker
Science & Technology
Aramco Digital sets to raise $1.9B for digital technology
Aramco Digital, a Saudi Arabian state-owned digital firm centered on the oil giant Saudi Aramco, will raise $1.9B over three years to develop digital technologies, according to Amin Nasser, chiefโฆ
Published on January 31, 2023
By Iris Barker
Business & Finance
Samsung Electronics net profit grows by 40 percent in 2022
Samsung Electronics' net profit attributable to shareholders increased by 40% to 54.73 trillion won (about $44.6 billion) last year.
Published on January 31, 2023
By Iris Barker
World & Politics
IMF to launch multi-year $16 billion assistance program for Ukraine
According to Bloomberg, which cited sources at the International Monetary Fund (IMF), the IMF is thinking of providing Ukraine with a multiyear aid package between $14 billion to $16 billion.โฆ
Published on January 30, 2023
By Iris Barker
Management
Dow and SAP follow others in staff cuts
According to The Wall Street Journal, Dow and SAP have added their names to the list of businesses that have announced staff layoffs in the previous two weeks.
Published on January 30, 2023
By Iris Barker
Economics
Bloomberg: EU may impose price cap of $100 on Russian diesel fuel
According to Bloomberg, the European Union is thinking about restricting the cost of Russian diesel fuel at $100 a barrel. Additionally, it suggests capping the price of discounted oil productsโฆ
Published on January 27, 2023
By Iris Barker
Business & Finance
Shell may withdraw from UK, Germany and the Netherlands businesses
The energy major Shell is thinking about getting out of the retail electricity industry in the Netherlands, Germany, and the United Kingdom.
Published on January 27, 2023
By Iris Barker
Economics
Equinor to sell stake in Nigerian oil field
According to sources cited by Reuters, the Equinor energy corporation of Norway has begun selling its 20.21% ownership of the Nigerian offshore oil field Agbami.
Published on January 26, 2023
By Iris Barker
Economics
UN predicts slowdown in U.S. GDP growth
According to the UN assessment on the global economic condition and its forecasts for this year, the growth rate of the U.S. GDP will slow in 2023; this year, theโฆ
Published on January 26, 2023
By Iris Barker
Science & Technology
Microsoft announces new multibillion-dollar investment in ChatGPT creator OpenAI
Microsoft recently disclosed a new multiyear, multibillion-dollar investment in OpenAI, an artificial intelligence lab.
Published on January 25, 2023
By Iris Barker
Business & Finance
Gates Foundation invests in development of a methane-reducing feed additive for cows
The Bill Gates Foundation has invested in an Australian that is creating a feed additive that causes cows to release less methane into the environment.
Published on January 25, 2023
By Iris Barker
Economics
Venezuelan authorities support idea of creating regional currency
Creation of a regional currency is being discussed, as previously reported by the presidents of Brazil and Argentina, and Nicolas Maduro of Venezuela has voiced support for the notion.
Published on January 24, 2023
By Iris Barker
Economics
Morgan Stanley improves economic growth forecast for euro area
According to a study by Morgan Stanley, economic growth in the euro area this year may be slightly better than anticipated, especially due to decreased energy prices.
Published on January 24, 2023
By Iris Barker
Economics
FT: EC will explore possibility of earning on frozen Russian assets
According to the Financial Times, European Council President Charles Michel wants to explore the possibility of managing $300 billion in frozen Bank of Russia assets in order to turn aโฆ
Published on January 23, 2023
By Iris Barker
Business & Finance
Nokia signs new agreement with Samsung on 5G patents
Nokia and Samsung recently struck a new agreement with regard to the continued use of patents in the 5G area.
Published on January 23, 2023
By Iris Barker
Management
Reed Hastings leaves Netflix
Reed Hastings, the co-founder of Netflix Inc., ceded control of the organization to longtime co-CEO Ted Sarandos and COO Greg Peters. Netflix Inc. is credited with saving Hollywood by pioneeringโฆ
Published on January 20, 2023
By Iris Barker
Business & Finance
Bayer to buy UK artificial intelligence company
Blackford Analysis Ltd., a British company that uses medical imagery to aid in disease diagnosis, has agreed to be acquired by Bayer. Bayer hopes to grow its radiology business byโฆ
Published on January 19, 2023
By Iris Barker
World & Politics
Analysts: India may overtake China in population
According to Bloomberg, India may have surpassed China as the world's most populated nation already.
Published on January 19, 2023
By Iris Barker
Business & Finance
BASF reports losses due to energy crisis
According to German news channel n-tv, due to rising energy costs and write-offs on its shares in the oil and gas business of Wintershall Dea, German chemical company BASF recordedโฆ
Published on January 18, 2023
By Iris Barker
Economics
Brazil sets to close budget deficit within two years
According to Fernando Haddad, Brazil's minister of economy, the country wants to implement tax reform and close the state budget deficit in the next two years.
Published on January 18, 2023
By Iris Barker
Business & Finance
Microsoft faces a warning from EU antitrust watchdog
According to sources, Microsoft's offer to pay $69 billion to acquire Activision Blizzard, maker of the Call of Duty video game, is likely to result in a warning from EUโฆ
Published on January 16, 2023
By Iris Barker
Business & Finance
Marks & Spencer to open 20 stores in UK
According to the company statement, UK retailer Marks & Spencer will open 20 large stores in the UK between 2023 and 2024 as part of an investment plan worth overโฆ
Published on January 16, 2023
By Iris Barker
Economics
IMF chief Georgieva: Trade fragmentation may cost global economy 7% of global GDP
IMF head Kristalina Georgieva warned that trade fragmentation may cost the economy 7% of the global GDP "in a terrible situation".
Published on January 16, 2023
By Iris Barker
World & Politics
The Economist estimates number of elderly relatives in the world at 1.5 billion
According to The Economist's experts, the number of grandparentsโolder adults who are a part of kinship relationshipsโin the world increased from 0.5 billion in 1960 to 1.5 billion in 2023.โฆ
Published on January 16, 2023
By Iris Barker
World & Politics
US to limit China’s access to semiconductor technology
According to Bloomberg, which cited a source with knowledge of the matter, US President Joe Biden will discuss cooperation with Japanese and Dutch authorities on limiting China's access to semiconductorโฆ
Published on January 13, 2023
By Iris Barker
Business & Finance
Lawyers of bankrupt FTX find $5bn for compensations
Attorneys for the defunct cryptocurrency exchange FTX claim to have found $5 billion worth of the company's liquid assets, including cash, cryptocurrencies, and investment products, allowing for the use ofโฆ
Published on January 13, 2023
By Iris Barker
Business & Finance
Credit Suisse to cut bonus pool for 2022
According Bloomberg News, Credit Suisse is pondering reducing its incentive pool for 2022 by 50%. Thus, despite numerous scandals and significant losses, the Swiss bank is still working to turnโฆ
Published on January 12, 2023
By Iris Barker
Business & Finance
Ryanair closes its base at Brussels airport
According to local union ACV Puls and Belgian news outlet Belga, Ryanair is closing its base at Brussels Airport.
Published on January 12, 2023
By Iris Barker
Economics
Bloomberg: China buys rare grades of Russian oil from the Arctic
Rare Russian oil grades from the Arctic are imported by China. In controversy are the Arco, Novy Port, and Varandey crudes, reports Bloomberg referring to the analytical firm Vortexa. Analystsโฆ
Published on January 11, 2023
By Iris Barker
Business & Finance
Business jet industry grows despite rising inflation
The private aviation market, which saw a rise in demand during the COVID restrictions of 2020โ2021, witnessed growth in 2022, when the majority of the restrictions were repealed and massโฆ
Published on January 11, 2023
By Iris Barker
World & Politics
Belgium, Engie to extend operation of two nuclear power plant reactors
According to Prime Minister Alexander De Croo, Belgium and Engie have agreed to extend the operation of two nuclear power plant reactors, Doel 4 and Tihange 3, 2035.
Published on January 10, 2023
By Iris Barker
World & Politics
UN: We are working to remove barriers to fertilizer exports
According to Stephane Dujarric, the UN secretary general's spokesperson, the organization is still working to remove barriers to the shipment of Russian food and fertilizers.
Published on January 10, 2023
By Iris Barker
Business & Finance
Apple to open its first flagship stores in India
According to the Financial Times, the American company Apple has started employing staff in India as it gets ready to open the first of its flagship stores there.
Published on January 9, 2023
By Iris Barker
Management
Bloomberg warns of massive layoffs at Goldman Sachs
The largest U.S. bank, Goldman Sachs Group Inc., will lay off 3,200 workers; the process will start this week, according to Bloomberg, which cited sources.
Published on January 9, 2023
By Iris Barker
Economics
Bank lending to companies in eurozone slows to 8.4 per cent
In November, the increase in bank lending to businesses in the eurozone fell to 8.4%.
Published on December 29, 2022
By Iris Barker
World & Politics
U.S. State Department approves $180 million sale of landmine systems to Taiwan
The sale of M136 Volcano remote minesweeping systems to Taiwan for $180 million has been authorized, according to the US Department of State's Bureau of Political and Military Affairs.
Published on December 29, 2022
By Iris Barker
Economics
German companies expect mild recession in 2023
Despite the energy crisis, a shortage of raw materials, and the fragility of the global economy, German businesses only forecast a slight recession for the coming year, according to aโฆ
Published on December 28, 2022
By Iris Barker
Business & Finance
BP criticized for plans to increase oil and gas investment
The British BPโs plans to invest twice as much in oil and gas projects as in renewable energy have drawn criticism from the Green Party of England and Wales andโฆ
Published on December 28, 2022
By Iris Barker
Business & Finance
Profit of China’s large industrial enterprises falls by 3.6 percent in January-November
According to data issued on Tuesday by China's State Statistics Office, the profit of China's big industrial firms in the first 11 months of 2022 was 7.717 trillion yuan ($1.107โฆ
Published on December 27, 2022
By Iris Barker