
Iris Barker
Business & Finance
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 climbedโฆ
Published on November 17, 2022
By Iris Barker
Business & Finance
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
Economics
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
Economics
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
World & Politics
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
World & Politics
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
World & Politics
EC to allocate Germany โฌ225.6 million to take over Russian Gazprom’s subsidiary
The European Commission (EC) has authorized Germany to receive financial assistance of โฌ225.6 million to support Russian Gazprom's former German subsidiary SEFE GmbH. According to the EC, this sum willโฆ
Published on November 14, 2022
By Iris Barker
Business & Finance
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
Management
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 citingโฆ
Published on November 14, 2022
By Iris Barker
Business & Finance
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 timeโฆ
Published on November 11, 2022
By Iris Barker
Business & Finance
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
Business & Finance
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 firmโฆ
Published on November 10, 2022
By Iris Barker
Economics
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
Business & Finance
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 ofโฆ
Published on November 9, 2022
By Iris Barker
World & Politics
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
Business & Finance
Henkel generates โฌ16.889B 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 โฌ16.889 billion in theโฆ
Published on November 8, 2022
By Iris Barker
Management
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
Business & Finance
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 andโฆ
Published on November 7, 2022
By Iris Barker
Business & Finance
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, whichโฆ
Published on November 2, 2022
By Iris Barker
Economics
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
Business & Finance
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
Business & Finance
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
Economics
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
Business & Finance
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
Science & Technology
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
Business & Finance
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
World & Politics
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 aโฆ
Published on October 27, 2022
By Iris Barker
Economics
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 thatโฆ
Published on October 27, 2022
By Iris Barker
World & Politics
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
Business & Finance
BASF net income falls in January-September
The financial accounts of the German chemical corporation BASF SE show that its net profit fell to โฌ4.22 billion between January and September 2022, a decline of 8.8% on anโฆ
Published on October 26, 2022
By Iris Barker
Business & Finance
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
Business & Finance
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.โฆ
Published on October 25, 2022
By Iris Barker
World & Politics
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 atโฆ
Published on October 24, 2022
By Iris Barker
Economics
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
Economics
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 wasโฆ
Published on October 20, 2022
By Iris Barker
Management
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
Economics
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%โฆ
Published on October 19, 2022
By Iris Barker
Economics
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
Economics
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 toโฆ
Published on October 18, 2022
By Iris Barker
Economics
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 ofโฆ
Published on October 18, 2022
By Iris Barker
Business & Finance
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 statementโฆ
Published on October 16, 2022
By Iris Barker
Management
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 mostlyโฆ
Published on October 16, 2022
By Iris Barker
Economics
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
Business & Finance
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
Business & Finance
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, accordingโฆ
Published on October 13, 2022
By Iris Barker
World & Politics
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
Economics
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
Economics
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
Economics
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 pressuresโฆ
Published on October 11, 2022
By Iris Barker
Management
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