Iris Barker

Business & Finance

Mizuho Financial Group to pay $552 for Rakuten Securities

Mizuho Financial Group, one of Japan's top banks, announced acquisition of 19.99% of Rakuten Securities online broker for 80 billion yen ($552 million). The transaction should be finished in November.

Published on October 10, 2022

By Iris Barker

World & Politics

IMF allocates $1.3 billion in financial support to Ukraine

The International Monetary Fund (IMF) Executive Board has given its approval for Ukraine to receive $1.3 billion as part of a fast-track funding instrument.

Published on October 10, 2022

By Iris Barker

Science & Technology

Amazon gives up on Scout delivery robot

According to Bloomberg, American company Amazon is halting development of the Scout delivery robot after nearly three years of effort.

Published on October 7, 2022

By Iris Barker

Business & Finance

LG Electronics estimates revenue growth of 14 percent in Q3

According to a recently revealed preliminary estimate from LG Electronics in South Korea, third-quarter 2022 revenue could increase 14% year over year to 21.2 trillion won ($15.1 billion).

Published on October 7, 2022

By Iris Barker

Economics

World Bank expects record GDP growth in the Middle East

The World Bank forecast that the Middle East and North Africa (MENA area) economies will increase by 5.5% in 2022, the strongest rate since 2016.

Published on October 6, 2022

By Iris Barker

Economics

U.S. trims trade deficit in August

In August, the U.S. trade deficit decreased from a revised estimate in July to $67.4 billion, a $3.1 billion (4.3%) fall, according to a press statement from the U.S. Commerce…

Published on October 6, 2022

By Iris Barker

World & Politics

U.S. authorities will consider selling birth control pills without prescription

The American Food and Drug Administration is debating adding birth control pills to the list of over-the-counter medications.

Published on October 4, 2022

By Iris Barker

Economics

UK will leave in force 45% tax for the rich

Following a barrage of criticism directed at the government, British Finance Minister Kwasi Kwarteng told the BBC that the government has decided to drop the proposal to eliminate the higher…

Published on October 4, 2022

By Iris Barker

Science & Technology

Nearly 40% of US companies attacked by hackers lose over $100K

According to a study by the computer security firm Atlas VPN, 37% of American businesses who become the targets of successful hacker attacks suffer losses of over $100,000 as a…

Published on October 3, 2022

By Iris Barker

Economics

France announces economic conference on Ukraine

In order to entice French businesses to participate in the country's rehabilitation, French Prime Minister Élisabeth Borne of France has announced that an economic conference on Ukraine will be held…

Published on October 3, 2022

By Iris Barker

World & Politics

Danish Energy Agency: Gas leak at Nord Stream is over

The "Nord Stream - 1" pipeline's gas leak has been stopped, and the pressure has stabilized, according to the Danish Energy Agency.

Published on October 2, 2022

By Iris Barker

Economics

OPEC+ to discuss reducing oil production by over million barrels per day

At a meeting on Wednesday in Vienna, OPEC+ will discuss reducing oil production by more than one million bpd, Bloomberg writes.

Published on October 2, 2022

By Iris Barker

World & Politics

Head of TotalEnergies: Energy transition will eliminate oil and gas dependence, but will increase consumption of other resources

According to Patrick Pouyanné, CEO of the French oil and gas business TotalEnergies, using decarbonized energy sources will enable a shift away from dependency on oil and gas toward dependence…

Published on September 29, 2022

By Iris Barker

Economics

Bank of England to start buying government bonds for market recovery

According to a statement posted on the bank's website, the Bank of England (the British central bank) will begin purchasing long-term U.K. government bonds to stabilize the market and prevent…

Published on September 29, 2022

By Iris Barker

Business & Finance

Netflix to open first game studio in Helsinki

Netflix will launch its first in-house game studio to create "original games without adverts or in-app purchases."

Published on September 28, 2022

By Iris Barker

Economics

UBS experts consider OPEC+ production cuts necessary

To halt the negative trend in the oil market, which has formed amid a rising currency and recessionary fears, the OPEC+ coalition must reduce production. Analysts at UBS reported this…

Published on September 28, 2022

By Iris Barker

Economics

World Bank: Asia-Pacific economies to grow by 3.2% in 2022 against 7.2% in 2021

Slowing global demand, growing debt levels, and short-term price increases for food and fuel will all impede the economic growth of countries in the Asia-Pacific area. This is noted in…

Published on September 27, 2022

By Iris Barker

Economics

State Bureau of China: Profits of large industrial enterprises in China fell by 2.1% in January-August

According to data issued on Tuesday by China's State Statistics Office, the profit of China's big industrial firms in the first eight months of 2022 was 5.525 trillion yuan ($771…

Published on September 27, 2022

By Iris Barker

Business & Finance

Volkswagen may pull production out of Germany and Eastern Europe

If the region's gas supply issues continue, the German automaker Volkswagen may stop producing in Germany and Eastern Europe.

Published on September 26, 2022

By Iris Barker

Economics

Bank of America: government bond markets on the verge of their worst performance since 1949

The government bond markets, according to Bank of America Corp. strategists, are about to have their worst year since 1949, when Europe was still recovering from World War II.

Published on September 26, 2022

By Iris Barker

World & Politics

EC to propose €565B plan for digitalization of EU energy system

According to the agency, the European Commission's "Digitalization of the Energy System" action plan will require €565B in infrastructure investments by the end of the decade to carry out environmental…

Published on September 23, 2022

By Iris Barker

Business & Finance

Boeing to pay $200M over public statements about safety of 737 MAX airliners

U.S. aviation company Boeing and the SEC reached an agreement to resolve the SEC's complaints over the firm's and its previous CEO's public statements regarding safety of the Boeing 737…

Published on September 23, 2022

By Iris Barker

World & Politics

European Commission approves hydrogen fuel project

According to a press release from the European Commission (EC), a project to create hydrogen fuel infrastructure involving 13 countries in the European Union has received approval from the EC.…

Published on September 22, 2022

By Iris Barker

Management

Credit Suisse is looking for ways to rebuild business after a series of scandals

The Financial Times reported on Thursday that Credit Suisse Group AG has devised a plan to divide its investment banking division into three parts. In this way, the Swiss bank…

Published on September 22, 2022

By Iris Barker

World & Politics

UK Prime Minister to allocate $2.6B in military aid to Ukraine

In her first address to the UN General Assembly, British Prime Minister Liz Truss will commit $2.64 billion in military assistance to Ukraine in 2023 and urged all Western nations…

Published on September 21, 2022

By Iris Barker

Economics

OPEC+ countries’ oil production deficit reaches record 3.58M bpd

A record 3.58 million bpd less oil than it should be is being produced by OPEC+. According to Reuters, who used data from the group of oil-producing nations, that amounts…

Published on September 21, 2022

By Iris Barker

Economics

Japanese authorities open reserve fund to support population

Distribution of 3.49 trillion yen (24.35 billion yen) from the reserve fund for the current fiscal year, which started on April 1, has been approved by the government of Japan…

Published on September 20, 2022

By Iris Barker

Business & Finance

Fitch affirms ratings of major U.S. banks

The long-term issuer default ratings (IDR) of four of the largest U.S. banks, including Bank of America Corp. (BofA) at "AA-", Citigroup Inc. at "A," JP Morgan Chase & Co.…

Published on September 20, 2022

By Iris Barker

World & Politics

UK and the EU may agree on the Northern Ireland Protocol

According to the Irish station RTE, UK Prime Minister Liz Truss and her Irish counterpart Micheál Martin are optimistic that the EU and Britain can reach a consensus on the…

Published on September 19, 2022

By Iris Barker

Business & Finance

Volkswagen plans for Porsche’s IPO

Volkswagen plans that the manufacturer of sports cars Porsche will go public through Volkswagen at a valuation of $70 to $75 billion. The offering might rank as the second- and…

Published on September 19, 2022

By Iris Barker

World & Politics

Ukraine to receive $1.5B in aid after IMF decision

Following the IMF's decision, Ukraine might get $1.5B in emergency assistance.

Published on September 16, 2022

By Iris Barker

Business & Finance

Adobe to buy Figma graphics editor

A definite agreement has been reached for the purchase of the graphics editor Figma for $20 billion by American software company Adobe.

Published on September 16, 2022

By Iris Barker

Economics

U.S. banks lose record $370B in deposits

The Wall Street Journal reports, citing data from the Federal Deposit Insurance Corporation, that total deposits from people and businesses in U.S. banks fell by a record $370 billion in…

Published on September 15, 2022

By Iris Barker

Management

FT: IT professionals are willing to work for banks and stock exchanges as tech companies decline

Recently, banks, stock exchanges, brokers, and other Wall Street businesses have found it simpler to recruit IT specialists, reports The Financial Times.

Published on September 15, 2022

By Iris Barker

Business & Finance

Six U.S. tech giants lose over $500B in market cap

Stocks of American technology businesses fell after the release of the U.S. Department of Labor's inflation data, which was worse than expected. CNBC estimates that the six biggest technology companies…

Published on September 14, 2022

By Iris Barker

Business & Finance

Twitter shareholders approve sale to Elon Musk

Elon Musk's offer to purchase Twitter for $44 billion was approved by Twitter shareholders at a special meeting, according to CNBC.

Published on September 14, 2022

By Iris Barker

Economics

French authorities expect the national economy to grow next year

According to Economy and Finance Minister Bruno Le Maire, France's economy will expand in 2023 despite a challenging economic climate.

Published on September 13, 2022

By Iris Barker

Business & Finance

Dutch shareholders threaten Philips with a lawsuit

Philips is being threatened with legal action by the Dutch shareholder organisation VEB regarding its involvement in the worldwide recall of breathing support equipment. According to shareholders, the corporation misled…

Published on September 13, 2022

By Iris Barker

Business & Finance

Smith & Wesson sales down by 69%

Smith & Wesson Brands, the maker of firearms, has revealed its first quarter financial results for the current fiscal year. These results were quite disappointing because there was less demand…

Published on September 12, 2022

By Iris Barker

Science & Technology

Tesla sets to build lithium hydroxide plant

Tesla is exploring constructing a battery-grade lithium hydroxide factory in Texas, the first of its type in North America. Batteries for electric vehicles are made using lithium hydroxide, reports CNBC.

Published on September 12, 2022

By Iris Barker

World & Politics

Washington declares state of emergency due to influx of migrants

The overwhelming influx of migrants has prompted Washington Mayor Muriel Bowser to proclaim a state of emergency.

Published on September 9, 2022

By Iris Barker

World & Politics

Charles III will be proclaimed new King on September 10

On September 10, Saturday, Charles III will be formally installed as the new monarch of Great Britain, the BBC reports.

Published on September 9, 2022

By Iris Barker

Economics

Deutsche Bank’s head warns of recession

Christian Sewing, the CEO of Deutsche Bank, cautioned that China posed a severe danger to Germany and that Europe needs big banks to compete with U.S. lenders.

Published on September 8, 2022

By Iris Barker

Economics

Bank of Canada raises key rate by 75 basis points

The Bank of Canada increased its benchmark interest rate by 75 basis points on Wednesday, reaching its highest level in 14 years while announcing the need for additional increases to…

Published on September 8, 2022

By Iris Barker

Management

WSJ: Ernst & Young gets ready for demerger

The Wall Street Journal (WSJ), citing its own sources, reported that the management of Ernst & Young (EY) is prepared to sanction division of the business into two distinct companies.

Published on September 7, 2022

By Iris Barker

Business & Finance

Lufthansa to hire 20,000 new employees by the end of 2023

By the end of 2023, the airline wants to hire 20,000 people, according to Carsten Spohr, CEO of Lufthansa. In addition to 12,000 new hires for open positions, another 8,000…

Published on September 7, 2022

By Iris Barker

World & Politics

Liz Truss elected as new UK Prime Minister

According to voting results, Liz Truss, the British Foreign Secretary, has been elected as the new leader of the Conservative Party.

Published on September 6, 2022

By Iris Barker

Economics

Norway expects to deliver record gas volumes to Europe this year

According to Frode Leversund, CEO of Norwegian gas transport firm Gassco, Norway will supply record amounts of gas to Europe this year.

Published on September 6, 2022

By Iris Barker

Economics

Bayer to pay $40 million to settle drug claims

A former employee of Bayer, Laurie Simpson, sued the manufacturer in 2005 and 2006 for Bayer's deceptive advertising and medication sales practices. To resolve the claims, the medication manufacturer has…

Published on September 5, 2022

By Iris Barker