Iris Barker
Economics
CEBR: World economy will enter recession in 2023
The way that various central banks are battling growing inflation, according to analysts at the Center for Economic and Business Research (CEBR), indicates that the global economy is likely toโฆ
Published on December 27, 2022
By Iris Barker
Economics
FT warns of decline in Apple’s revenues
The fourth quarter of 2022 will see a greater than 8% fall in Apple's net income.
Published on December 26, 2022
By Iris Barker
World & Politics
Japan and Saudi Arabia sign memorandum on new types of energy
While in Saudi Arabia, Japanese Economy Minister Yasutoshi Nishimura met with the country's Energy Minister Abdulaziz bin Salman to discuss maintaining stable oil prices and signed a memorandum to jointlyโฆ
Published on December 26, 2022
By Iris Barker
Business & Finance
Fitch to withdraw Microsoft’s ratings
According to a press release from the agency, international ratings agency Fitch Ratings intends to withdraw Microsoft Corp.'s ratings within 30 days for commercial reasons.
Published on December 23, 2022
By Iris Barker
Management
Xiaomi to replace head of company by end of year
Bloomberg, citing a letter from Xiaomi co-founder and chairman Lei Jun to employees, reports that Chinese technology company Xiaomi will replace its president by the end of this year.
Published on December 23, 2022
By Iris Barker
Business & Finance
European Commission approves deal between Dufry and Autogrill
The European Commission has approved Dufry's acquisition of Autogrill in Italy.
Published on December 22, 2022
By Iris Barker
Economics
ECB forecasts rate hike in the near future
ECB spokesman de Guindos: The bank may keep raising interest rates at the current rate.
Published on December 22, 2022
By Iris Barker
Management
CNBC: Musk is looking for new Twitter chief
According to CNBC, Twitter owner Elon Musk is looking for a new CEO.
Published on December 21, 2022
By Iris Barker
Economics
IMF: Bank of Japan’s policy correction was a prudent move
According to IMF spokesperson Salgado, the Bank of Japan's policy correction was a prudent move.
Published on December 21, 2022
By Iris Barker
Business & Finance
Intel postpones factory construction in Germany
According to the local newspaper Volksstimme, Intel Corp. has delayed the construction of a semiconductor facility in Magdeburg, eastern Germany, that had been slated to begin in the first halfโฆ
Published on December 19, 2022
By Iris Barker
Economics
Bloomberg: 2022 drop in Russian stocks is the world’s worst
Bloomberg reports that Russian stocks are performing the worst globally in 2022. Among the 92 indices it monitors, it said the decline in the Russian RTS Index was the mostโฆ
Published on December 19, 2022
By Iris Barker
Business & Finance
Taiwan fines Foxconn for unauthorised investment in China
Taiwan's Ministry of Economic Affairs announced a fine against Foxconn, one of the country's largest technology companies, for violating local laws governing foreign investment and relations with the People's Republicโฆ
Published on December 19, 2022
By Iris Barker
Management
Goldman Sachs to lay off several thousand employees
In light of the current challenging global economic situation, Goldman Sachs Group intends to lay off thousands of employees. This is according to Reuters, who cites reliable sources.
Published on December 19, 2022
By Iris Barker
Business & Finance
Citi to curtail retail banking in China
Around 1,200 local employees will be impacted by Citigroup Inc.'s announcement that it is closing down its retail banking operations in China.
Published on December 16, 2022
By Iris Barker
Business & Finance
Sony invests billions in smartphones production
Sony Group Corp. may spend approximately 800 billion yen ($5.83 billion) to construct a new factory in Japan's western Kumamoto Prefecture to make image sensors for smartphones, Nikkei reports.
Published on December 16, 2022
By Iris Barker
Economics
HSBC to stop financing new oil and gas projects
New oil and gas project will no longer be financed, said HSBC bank.
Published on December 15, 2022
By Iris Barker
Business & Finance
U.S. to exempt some Chinese companies from export restrictions
Some Chinese businesses will be removed by the White House from its list of organizations that are "untrustworthy in terms of the supply of technology items," reports Reuters citing sources.
Published on December 15, 2022
By Iris Barker
Economics
New Zealand forecasts recession in 2023
The New Zealand government issued a forecast, saying that the country will go into recession in 2023 but anticipating a budget surplus in the 2024โ2025 fiscal year.
Published on December 14, 2022
By Iris Barker
Business & Finance
Danske Bank to pay U.S. over allegations of hiding customer data
Danske Bank would pay the United States billions of dollars in response to claims that it had concealed client data.
Published on December 14, 2022
By Iris Barker
Business & Finance
U.S. watchdog advises companies to check their cryptocurrency assets
The U.S. Securities and Exchange Commission (SEC) gave recommendations to American businesses, asking them to review their cryptocurrency holdings and, if necessary, report on their status.
Published on December 13, 2022
By Iris Barker
World & Politics
U.S. sends first batch of $13M-worth energy equipment to Ukraine
According to Reuters, which cited U.S. authorities, energy equipment worth $13 million has been sent from the United States to Ukraine. Places and names were kept secret. This week, anotherโฆ
Published on December 13, 2022
By Iris Barker
Science & Technology
Twitter to increase number of characters in tweets to 4,000
Twitter plans to boost the maximum character count for messages on the social network from 280 to 4,000, according to a statement made by Elon Musk on Sunday.
Published on December 12, 2022
By Iris Barker
World & Politics
Japan may raise tobacco tax
According to NHK television, Japan's government may increase taxes on tobacco products and e-cigarettes to cover the budget gap required to increase defense spending to 2 percent of GDP byโฆ
Published on December 12, 2022
By Iris Barker
World & Politics
Court in Paris rules to recover $1.3 billion from Russia in favor of Ukraine
The Paris Court of Cassation overruled a ruling by the city's Court of Appeal 2021 and ordered Russia to pay $1.3 billion to Ukraine's Oschadbank.
Published on December 8, 2022
By Iris Barker
Business & Finance
Chevron increases capital spending budget for next year
As energy production prices rise due to inflation and the firm actively invests in low-carbon fuel initiatives, Chevron Corp. announced on Wednesday that it has boosted its capital investment budgetโฆ
Published on December 8, 2022
By Iris Barker
World & Politics
U.S. to sell parts and equipment for fighter jets to Taiwan
According to a statement from the US Department of Defense, sale of aircraft components and associated equipment to Taiwan for around $330 million has received approval from the US Stateโฆ
Published on December 7, 2022
By Iris Barker
Economics
IATA head warns of airfares growth due to transition to eco-fuel
As the aviation sector pushes toward targets of zero net carbon dioxide emissions by 2050, airline passengers will pay more for their tickets, stated IATA's (International Air Transport Association) chiefโฆ
Published on December 7, 2022
By Iris Barker
Economics
Trafigura receives $3 billion loan from Germany to supply gas
The German government provided a portion of the $3 billion syndicated loan to the Swiss commodities trader Trafigura Group, which would be used to supply the nation with natural gas.
Published on December 6, 2022
By Iris Barker
Economics
Saudi Arabia to lower oil prices for Asia and Europe
Saudi Arabia will lower prices for the majority of oil grades in January ะฐor importers in Asia and Europe.
Published on December 6, 2022
By Iris Barker
Business & Finance
WSJ finds out about Apple’s plans to accelerate transfer of production from China
According to sources cited by the WSJ, Apple has hastened plans to shift some of its manufacturing from China to India or Vietnam and is also looking to lessen itsโฆ
Published on December 5, 2022
By Iris Barker
World & Politics
Iranian authorities promise to change Hijab Law after protests
The country's attorney general declared that Iran will do away with the morality police and amend the rule requiring women to wear the headscarf.
Published on December 5, 2022
By Iris Barker
Business & Finance
Pfizer to invest in Dublin manufacturing facility
On Thursday, Pfizer Inc. announced plans to invest more than โฌ1.2 billion to increase output at its Dublin plant. As a result, the capacity to synthesize vital elements utilized inโฆ
Published on December 2, 2022
By Iris Barker
Economics
CFTC chief Benham: Cryptocurrencies may threaten US national security
According to Rostin Behnam, chairman of the US Commodity Futures Trading Commission (CFTC), cryptocurrencies may be a threat to US national security.
Published on December 2, 2022
By Iris Barker
Business & Finance
HSBC to close a quarter of its UK branches
On November 30, the UK bank HSBC announced plans to close 114 out of 441 of its UK locations. Between April and August 2023, these branches will systematically stop operating.โฆ
Published on December 1, 2022
By Iris Barker
World & Politics
US Senate approves bill to protect same-sex and interracial marriages
The US Senate approved The Respect for Marriage Act.
Published on December 1, 2022
By Iris Barker
World & Politics
UN proposes record amount for humanitarian aid
According to papers on its website, the UN has suggested allocating the greatest sum ever for humanitarian needs next year.
Published on November 30, 2022
By Iris Barker
Science & Technology
Google and YouTube will award a grant to combat misinformation
The US corporation Google and the video hosting website YouTube will give $13.2 million in grants to combat false information.
Published on November 30, 2022
By Iris Barker
Economics
S&P expects “mild” recession in the U.S. economy in 2023
According to a report released by the rating company S&P Global Ratings, the U.S. economy runs the risk of entering a "mild" recession in 2023 and declining by 0.1 percent.
Published on November 29, 2022
By Iris Barker
Economics
UN warns of dangerous maritime trade situation
According to the UN Conference on Trade and Development (UNCTAD) 2022 study on maritime transport, the 20 largest carriers now account for 91% of all maritime trade worldwide, up fromโฆ
Published on November 29, 2022
By Iris Barker
World & Politics
NYT: Two-thirds of NATO countries ran out of weapons for Ukraine
Small NATO members are no longer able to provide Ukraine with weaponry, a source told The New York Times.
Published on November 28, 2022
By Iris Barker
Business & Finance
U.S. to allow Chevron to increase oil production in Venezuela
As soon as Venezuelan authorities resume political talks with the opposition, the US may soon permit Chevron Corp to increase operations there and resume oil trade. That was said toโฆ
Published on November 24, 2022
By Iris Barker
Business & Finance
Stellantis to produce affordable electric cars for European market in India
CEO of Stellantis, the parent company of Fiat, told reporters that the business has come to the conclusion that it cannot now create affordable electric cars in Europe and isโฆ
Published on November 24, 2022
By Iris Barker
World & Politics
New York State restricts cryptocurrency mining
The first US state to impose restrictions on cryptocurrency (mining) was New York.
Published on November 24, 2022
By Iris Barker
Economics
German Finance Ministry proposes to introduce a tax on excess profits of energy companies
Christian Lindner, Germany's finance minister, has suggested taxing oil and gas corporations' surplus earnings. The tax is anticipated to be 33%, reports Die Welt, citing a document.
Published on November 24, 2022
By Iris Barker
Economics
EU proposes to introduce transitional period to oil prices cap
According to a memo seen by Bloomberg, the EU has suggested extending the date of the oil price ceiling by 45 days.
Published on November 23, 2022
By Iris Barker
Economics
Bloomberg forecasts bankruptcy for Genesis crypto broker
According to Bloomberg, cryptocurrency broker Genesis has informed investors that if it can't find additional capital, it may have to declare bankruptcy.
Published on November 23, 2022
By Iris Barker
Science & Technology
Bank of Japan introduces world’s first banknotes with 3D holograms
The Bank of Japan conducted the first public testing in advance of the June 2023 launch of the world's first three-dimensional holographic banknotes.
Published on November 22, 2022
By Iris Barker
Economics
New Zealand Central Bank to hold record rate hike
The New Zealand Reserve Bank may implement the biggest rate increase in history.
Published on November 22, 2022
By Iris Barker
Business & Finance
FTX owes over $3B to major creditors
In its bankruptcy filing, the cryptocurrency exchange FTX revealed that it owes over $3 billion to its 50 largest creditors, including around $1.5 billion to its 10 largest creditors. Accordingโฆ
Published on November 20, 2022
By Iris Barker
Economics
Foreign investment in China grows by 17.4% to $168B
The amount of FDI in China during the first 10 months of 2022 climbed by 17.4% compared to the same period in the previous year, reaching $168.3 billion, according toโฆ
Published on November 17, 2022
By Iris Barker
