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Iris Barker


Burberry sales for the half year prove better than expected

Burberry, a British manufacturer of apparel, accessories, and footwear, disclosed sales for the first six months of its fiscal year 2022, finished on October 1. The company's in-store sales climbedโ€ฆ
Published on November 17, 2022
By Iris Barker

Dell settles $1B lawsuit from investors

The American company Dell agreed to pay $1 billion in a settlement with investors who sued the company.
Published on November 16, 2022
By Iris Barker

U.S. retail sales rise by 1.3% in October

According to figures issued by the U.S. Office of Commerce, retail sales in the country increased by 1.3 percent in October to reach $694.5 billion.
Published on November 16, 2022
By Iris Barker

Oil stock in OECD countries drops to record low

For the first time since 2004, the Organization for Economic Cooperation and Development (OECD) members' combined oil reserves fell below 4 billion barrels, reports the International Energy Agency (IEA).
Published on November 15, 2022
By Iris Barker

FT finds out terms of the grain deal extension

The FT has discovered that Russia will be permitted to utilize a pipeline to pump ammonia across Ukraine in exchange for agreeing to extend the grain agreement.
Published on November 15, 2022
By Iris Barker

France and UK push up cooperation to fight against illegal migration

On November 14, the British interior minister Suella Braverman met with the French interior minister Gรฉrald Darmanin in Paris.
Published on November 14, 2022
By Iris Barker

EC to allocate Germany โ‚ฌ225.6 million to take over Russian Gazprom’s subsidiary

The European Commission (EC) has authorized Germany to receive financial assistance of โ‚ฌ225.6 million to support Russian Gazprom's former German subsidiary SEFE GmbH. According to the EC, this sum willโ€ฆ
Published on November 14, 2022
By Iris Barker

Mitsubishi UFJ’s net profit falls for the second fiscal quarter

The second fiscal quarter of the largest bank in Japan by assets, Mitsubishi UFJ Financial Group Inc, ended with a 70.5% decrease in net income.
Published on November 14, 2022
By Iris Barker

Disney to cut jobs amid crisis

In an effort to turn the streaming service Disney+ profitable during a time of economic uncertainty, Walt Disney Co. plans to halt hiring and eliminate certain positions, reports Reuters citingโ€ฆ
Published on November 14, 2022
By Iris Barker

SoftBank records first quarterly profit in many quarters

SoftBank Group Corp. of Japan revealed a substantial loss at its investment division, Vision Fund. This division has been losing money for three straight quarters, but for the first timeโ€ฆ
Published on November 11, 2022
By Iris Barker

China’s CASC and U.S. Boeing will expand cooperation

The Commercial Aircraft Corporation of China (COMAC) and American aircraft manufacturer Boeing inked a contract to deepen their collaboration in a shared research facility.
Published on November 10, 2022
By Iris Barker

ArcelorMittal’s net profit falls by 17 percent in January-September

In the first three quarters of 2022, the steel giant ArcelorMittal's net income attributable to shareholders of its parent company decreased 17% year over year to $9.041 billion, the firmโ€ฆ
Published on November 10, 2022
By Iris Barker

Chinese exports fall for the first time since 2020

Despite analysts' expectations for a 4% gain, Chinese exports actually decreased by 0.3% in October.
Published on November 9, 2022
By Iris Barker

Honda’s second-quarter operating profit up 16 percent

Today, Honda Motor Co. stated that its Q2 operating profit increased by 16%, falling short of analysts' projections. Higher pricing and a weaker yen aided growth; however a lack ofโ€ฆ
Published on November 9, 2022
By Iris Barker

Spanish transport workers to start a strike

The RTVE news agency reported on Monday that transport workers in Spain will begin an indefinite strike on November 14.
Published on November 8, 2022
By Iris Barker

Henkel generates โ‚ฌ16.889B in revenue in January through September

According to its interim financial statement, Germany's Henkel AG, one of the top producers of industrial and home chemicals, recorded a 12.5% growth in revenues to โ‚ฌ16.889 billion in theโ€ฆ
Published on November 8, 2022
By Iris Barker

WSJ: Meta to cut thousands of jobs

According to sources, Meta Platforms intends to start a significant job cuts. It will be the organization's first significant layoff in 18 years.
Published on November 7, 2022
By Iris Barker

Buffett’s company reports $2.7B loss

Berkshire Hathaway, owned by billionaire Warren Buffett, revealed losses of $2.69 billion, which they attributed to issues with their supply chain and other uncontrollable circumstances including the COVID-19 epidemic andโ€ฆ
Published on November 7, 2022
By Iris Barker

Maersk net profit doubles in January-September

According to the business's financial documents, the net profit of the Danish corporation A.P. Moller-Maersk A/S (Maersk) for the first three quarters of the year totaled 24.34 billion dollars, whichโ€ฆ
Published on November 2, 2022
By Iris Barker

Bank of Canada ponders another large-scale rate hike

According to governor Tiff Macklem of the Bank of Canada, the idea of a further significant increase in interest rates to combat exceptionally high inflation has not been ruled out.
Published on November 2, 2022
By Iris Barker

Stellantis closes Jeep production in China

The automaker Stellantis announced that it would dissolve its joint venture with the Guangzhou Automobile Group (GAC) of China, which produced Jeep for the domestic market.
Published on November 1, 2022
By Iris Barker

Chinese airlines lose $14.6B since the beginning of 2022

In the first three quarters of this year, the eight major publicly traded airlines in China experienced a net loss of 106 billion yuan ($14.6 billion), Yicai Global reports.
Published on November 1, 2022
By Iris Barker

Glencore lowers annual production forecasts for zinc, nickel and coal

When announcing its third-quarter production statistics, the Anglo-Swiss commodities trader Glencore reduced its annual predictions for a number of commodities downward.
Published on October 31, 2022
By Iris Barker

General Motors suspends advertising on Twitter after Musk buys it

Following Elon Musk's acquisition of the social network, General Motors will temporarily stop running advertisements on Twitter.
Published on October 31, 2022
By Iris Barker

Volkswagen to expand cooperation on self-driving cars with Mobileye

Volkswagen intends to extend its partnership with Mobileye, a company connected to Intel, to a program including autonomous vehicle technology.
Published on October 28, 2022
By Iris Barker

TotalEnergies records over $3B impairment

According to Patrick Pouyanne, CEO of the firm, TotalEnergies reported new impairment of $3.1 billion in the third quarter of 2022 relating to its Russian assets.
Published on October 28, 2022
By Iris Barker

US urges other countries to review energy supply chains

In light of the crisis surrounding Ukraine, the USA has pushed other nations to reevaluate their energy supply chains and has stated that it is prepared to serve as aโ€ฆ
Published on October 27, 2022
By Iris Barker

The US merchandise trade deficit widens in September

According to Reuters, the US's merchandise trade imbalance increased in September as a result of weaker exports and higher imports. It is unclear if this will alter the perception thatโ€ฆ
Published on October 27, 2022
By Iris Barker

UNICEF: Quarter of global population has no access to clean drinking water

26% of the world's population lacks access to clean drinking water, according to the WHO and the UNICEF.
Published on October 26, 2022
By Iris Barker

BASF net income falls in January-September

The financial accounts of the German chemical corporation BASF SE show that its net profit fell to โ‚ฌ4.22 billion between January and September 2022, a decline of 8.8% on anโ€ฆ
Published on October 26, 2022
By Iris Barker

Novartis nine-month net income loses 29 percent

Novartis, a pharmaceutical business, reported that its net income for the first nine months of 2022 decreased by 29% from the same period last year to $5.489 billion.
Published on October 25, 2022
By Iris Barker

U.S. may sanction major Chinese chipmaker

Getting a subsidiary of significant Chinese chipmaker, Naura Technology Group on Washington's list of trading partners under surveillance is the reason the U.S. may impose export restrictions on the company.โ€ฆ
Published on October 25, 2022
By Iris Barker

Pantheon Macroeconomics forecasts 20% decline in U.S. home prices

Rising mortgage costs and higher Fed interest rates are lowering U.S. house demand, which might cause prices to drop 20% next year, according to Ian Shepherdson, the head economist atโ€ฆ
Published on October 24, 2022
By Iris Barker

Saudi Arabia starts national global supply chain initiative

According to the Saudi state-run SPA, Saudi Arabia's Crown Prince Mohammed bin Salman declared the start of a national global supply chain effort.
Published on October 24, 2022
By Iris Barker

Annual inflation in euro zone hits record 9.9%

According to figures from Eurostat, annual inflation in 19 eurozone nations increased from 9.1% in August to a record 9.9% in September. The European Union's (EU) annual inflation rate wasโ€ฆ
Published on October 20, 2022
By Iris Barker

Mitsubishi Electric to punish ten current and former executives for falsification

According to The Mainichi, Mitsubishi Electric Corporation would discipline eleven former and present executives.
Published on October 20, 2022
By Iris Barker

Chinese banks step up sales of dollars to support the yuan

To support the yuan, Chinese state banks increased their currency interventions. The local market's sale of dollars is intended to stabilize the exchange rate, which has already decreased by 12%โ€ฆ
Published on October 19, 2022
By Iris Barker

USA to put 15 million barrels of oil from the strategic reserve on sale

According to the White House, the American president has ordered his administration to take more steps to improve energy security, handle oil supply issues, and lower fuel prices.
Published on October 19, 2022
By Iris Barker

EU considers paying Elon Musk for Starlink terminals in Ukraine

According to the Financial Times, the European Union is debating whether to foot the bill for a subscription to the Starlink satellite internet communication terminals that Elon Musk gave toโ€ฆ
Published on October 18, 2022
By Iris Barker

Argentine authorities set to convince businesses to freeze food prices because of inflation

According to sources cited by the TN television station, the Argentine government has started discussions with businesses to freeze prices of essential food and hygiene products in the face ofโ€ฆ
Published on October 18, 2022
By Iris Barker

Hyundai to spend $5.5B on e-cars plant in U.S.

The South Korean carmaker Hyundai stated that it will start constructing a factory to develop electric vehicles and batteries in the United States in October. According to a corporate statementโ€ฆ
Published on October 16, 2022
By Iris Barker

Number of whistleblowers in the UK grows by 70% during the pandemic

Over the previous two years, citizen complaints to His Majesty's Revenue and Customs (HMRC) against their companies have increased by 70%. The COVID-19 pandemic's two years of restrictions are mostlyโ€ฆ
Published on October 16, 2022
By Iris Barker

China’s Central Bank to strengthen stimulus measures

The People's Bank of China's head announced that the organization will step up its efforts to boost the economy of the nation.
Published on October 14, 2022
By Iris Barker

Netflix to introduce cheap subscription plan with ads

According to the website for the streaming service, Netflix will release a new, less expensive subscription plan with commercials in November.
Published on October 14, 2022
By Iris Barker

Cameco and Brookfield Renewable buy U.S. Westinghouse for $7.9B

Westinghouse Electric, one of the biggest nuclear power businesses in the world and the United States, will be acquired by a group of Canadian firms Cameco and Brookfield Renewable, accordingโ€ฆ
Published on October 13, 2022
By Iris Barker

UN GA adopts resolution not recognizing newly held referendums in Russia

A resolution passed by the UN General Assembly denies legitimacy to referendums held in Russia's new regions.
Published on October 13, 2022
By Iris Barker

IMF names countries with highest GDP in Latin America

Colombia and Venezuela will have the highest GDPs in Latin America, according to the IMF.
Published on October 12, 2022
By Iris Barker

JPMorgan chief expects global recession in six to nine months

JPMorgan CEO Jamie Dimon issued a six- to nine-month recession warning.
Published on October 12, 2022
By Iris Barker

Business activity grows in Australia

Australian businesses reported robust sales in September as a result of robust demand that surprised observers by demonstrating remarkable resistance to rising interest rates. At the same time, cost pressuresโ€ฆ
Published on October 11, 2022
By Iris Barker

HSBC to expand private banking in China

The British bank HSBC has extended its offerings to wealthy Chinese clientele.The British bank HSBC has extended its offerings to wealthy Chinese clientele.
Published on October 11, 2022
By Iris Barker
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