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Iris Barker


OnlyFans owner to get $500M in unanticipated revenue over two years

Owner of the exclusive content subscription business OnlyFans, Ukrainian-born Leonid Radvinsky, will receive an additional $500 million in income.
Published on September 2, 2022
By Iris Barker

Economic sentiment indicator in Eurozone falls to its lowest in 19 months

Eurozone's economic mood indicator hit its lowest level in 19 months. Analysts anticipated a less pronounced fall.
Published on September 1, 2022
By Iris Barker

Losses of largest Chinese airlines grow to โ‚ฌ7B in 6 months

Le Figaro writes that the first half of the year brought a combined loss of about โ‚ฌ7 billion for the three biggest airlines in China โ€“ China Southern Airlines, Chinaโ€ฆ
Published on September 1, 2022
By Iris Barker

France’s GDP grows by 0.5% in Q2

According to a final estimate from the French National Institute of Statistics and Economic Research (Insee), the second-largest economy in Europe, France, had its GDP increase 0.5% over the previousโ€ฆ
Published on August 31, 2022
By Iris Barker

Swiss economyโ€™s growth indicator falls below long-term average

According to the Center for Economic Research at the Swiss Federal Institute of Technology, one of the key measures of the Swiss economy's growth has dropped significantly below its long-termโ€ฆ
Published on August 31, 2022
By Iris Barker

German Uniper is losing โ‚ฌ100M a day due to growing gas prices

In addition to the โ‚ฌ9 billion that the firm has already spent, the German energy giant Uniper has asked the state development bank (Kreditanstalt fรผr Wiederaufbau, KfW) to increase itsโ€ฆ
Published on August 30, 2022
By Iris Barker

LG, Honda to invest in U.S. electric vehicle batteries factories

LG and Honda have committed $4.4 billion to the US production of electric vehicle batteries.
Published on August 30, 2022
By Iris Barker

Assange appeals against the UK decision to extradite him to the U.S.

Julian Assange's legal team submitted a second appeal to the High Court in London in opposition to the judge's decision to order his extradition to the United States.
Published on August 29, 2022
By Iris Barker

UN Secretary General: Nuclear weapons must go down in history

According to Secretary-General Antonio Guterres, nuclear weapons must be completely banned.
Published on August 29, 2022
By Iris Barker

Largest operator of cryptocurrency ATMs enters stock exchange

The largest bitcoin ATM operator in the world, Bitcoin Depot, plans to join the exchange.
Published on August 25, 2022
By Iris Barker

Reuters: OPEC+ is not going to cut oil production anytime soon

The OPEC+ alliance does not intend to reduce oil production in the near future. At the same time, there is a possibility that such a decision may be taken ifโ€ฆ
Published on August 25, 2022
By Iris Barker

Trade unions: 12 people die at work every day

According to the European Trade Union Confederation (ETUC), the number of workplace fatalities in the European Union should be lowered to zero from the current average of 12 per day.
Published on August 25, 2022
By Iris Barker

German authorities see no need to add to Uniper aid package

The German Economics Ministry does not believe that the aid package for the energy company Uniper has to be strengthened, according to Beate Baron, the ministryโ€™s spokesperson.
Published on August 25, 2022
By Iris Barker

U.S. to announce $3 billion defense package for Ukraine in six months

According to Reuters, which cited an anonymous official of Joe Biden administration, the United States will unveil a new $3 billion military aid package for Ukraine on Wednesday, August 24.โ€ฆ
Published on August 24, 2022
By Iris Barker

Global wheat prices are declining after historical records in early March

Analysts explain this by anticipated good crop in the northern hemisphere, and the return of Ukrainian exports through Black Sea ports.
Published on August 24, 2022
By Iris Barker

TotalEnergies and Eni discover large gas deposits off the coast of Cyprus

Large gas resources were found 160 kilometers off the coast of Cyprus in the Cronos-1 well, according to news releases from French TotalEnergies and Italian Eni.
Published on August 23, 2022
By Iris Barker

Ford to cut 3,000 employees amid transition to electric cars

3,000 full- and part-time employees, largely in North America and India, will be laid off, according to Ford Motor Company. In an effort to maintain its lead over Tesla Inc.โ€ฆ
Published on August 23, 2022
By Iris Barker

New Zealand to simplify rules for immigrants amid labor shortage

Due to a labor shortage, New Zealand will temporarily adjust its immigration policies in order to attract workers. The nation's job situation has gotten worse as a result of theโ€ฆ
Published on August 22, 2022
By Iris Barker

U.S. watchdog demand that cryptocurrency platforms stop misleading consumers

In a statement, the U.S. Federal Deposit Insurance Corporation (FDIC) urged the five biggest cryptocurrency platforms to avoid deceiving their users and all consumers.
Published on August 22, 2022
By Iris Barker

Marine supplies of diesel from Asia to Europe to reach a five-month peak

According to data from Vortex cited by Bloomberg, five ships with a combined capacity of nearly 3 million barrels of diesel are slated to ship from Asia to Europe inโ€ฆ
Published on August 18, 2022
By Iris Barker

Geely’s profit loses 35% due to lockdowns

In the first half of the year, the net profit of Chinese automaker Geely decreased by 35% to 1.55 billion yuan ($228 million).
Published on August 18, 2022
By Iris Barker

South Korea to cut budget for first time since 2010

The South Korean government will reduce the nation's budget in 2023 in response to the rise in global interest rates.
Published on August 18, 2022
By Iris Barker

Bloomberg: Five major commodity industries face energy crisis

Pressure on important areas of the global economy is rising as a result of the energy crisis. According to Bloomberg, producers of steel, fertilizers, sugar, and metals are being pressuredโ€ฆ
Published on August 18, 2022
By Iris Barker

UK begins importing LNG from Australia

In the midst of a European energy crisis, the United Kingdom has begun importing liquefied natural gas from Australia, according to information from the energy analyst firm Kpler, according toโ€ฆ
Published on August 17, 2022
By Iris Barker

Shell to close oil pipeline between the Gulf of Mexico and the US

According to Reuters, the Anglo-Dutch Shell announced plans to shut down a pipeline in the Gulf of Mexico for two weeks in order to carry oil to American refineries.
Published on August 17, 2022
By Iris Barker

Reuters: The world sets to switch to less environmentally friendly fuels

Prices for natural gas are rising and will continue to do so as the supply is getting harder to come by. Consumer nations are thus turning more and more toโ€ฆ
Published on August 16, 2022
By Iris Barker

Saudi Aramco boosts profits to record $87.9B

The largest oil producer in the world, Saudi Aramco, reported an 86% increase in net profit in the first half of the year compared to the same time in 2021.
Published on August 15, 2022
By Iris Barker

State Bureau of China: Risk of stagflation in global economy is growing

At a press conference about economic indicators for July on Monday, Fu Linghui, a spokesman for China's State Statistics Office, stated that while the Chinese economy is still recovering, theโ€ฆ
Published on August 15, 2022
By Iris Barker

OPEC pushes up production in July

According to the organization's August report, OPEC members again produced below the levels allowed under the OPEC+ agreement. Thus, they satisfied the agreement by 412% even though OPEC oil outputโ€ฆ
Published on August 12, 2022
By Iris Barker

Coca-Cola sales grow in first half 2022

According to a statement from the company, sales at Coca-Cola Hellenic Bottling Company (Coca-Cola HBC) increased 18.1% year over year in the first half of 2022 to 1.33 billion cases,โ€ฆ
Published on August 12, 2022
By Iris Barker

German retail giant Metro reports net loss for first nine months

Compared to profit before taxes, Metro's net loss for the first nine months was โ‚ฌ379 million.
Published on August 11, 2022
By Iris Barker

U.S. delays imposition of duties on Chinese goods

According to sources cited by Reuters, the White House has decided to delay imposition of customs taxes on Chinese imports. They claim that this occurred as a result of theโ€ฆ
Published on August 11, 2022
By Iris Barker

Biden signs law on $52.7B subsidies for U.S. semiconductor manufacturing

The so-called "chip law" was signed by US President Joe Biden. In order to boost the nation's competitiveness against Chinese technical advancements, it offers $52.7 billion in subsidies for semiconductorโ€ฆ
Published on August 10, 2022
By Iris Barker

TVE: Spanish farmers believe that severe drought will result in food prices surge

According to TVE news, farmers in Spain worry that one of the worst droughts the nation has experienced in a decade will raise food prices to a point where manyโ€ฆ
Published on August 10, 2022
By Iris Barker

Pfizer to pay $5.4B for Global Blood Therapeutics

Pfizer said that the pharmaceutical company will pay $5.4 billion to acquire the American biopharmaceutical firm Global Blood Therapeutics (GBT).
Published on August 9, 2022
By Iris Barker

eBay cuts losses in Q2

eBay Inc., one of the biggest and oldest online marketplaces in the world, stated that its revenue in the second quarter was $2.4 billion, a 9 percent decrease from theโ€ฆ
Published on August 8, 2022
By Iris Barker

Berkshire Hathaway lose $44 billion in a quarter

Warren Buffett's investment company Berkshire Hathaway reported a net loss of $43.8 billion at the end of the second quarter.
Published on August 8, 2022
By Iris Barker

Lufthansa hires employees, expects profit by the end of 2022

Lufthansa released the second quarter's earnings.
Published on August 4, 2022
By Iris Barker

Italy approves โ‚ฌ14.3B program to fight inflation

A new program worth approximately โ‚ฌ14.3 billion ($14.5 billion) has been approved by Italy on Thursday in order to shield businesses and individuals from rising energy and consumer goods prices.
Published on August 4, 2022
By Iris Barker

LIBOR rate hits the highest since 2008

The three-month interbank lending rate LIBOR jumped by 2.5 basis points, to 2.83 percent, reaching a record high since 2008, the height of the global financial crisis.
Published on August 4, 2022
By Iris Barker

Equifax provides incorrect ratings on thousands of borrowers

One of the biggest credit reporting agencies in the world, Equifax, said yesterday that a technical issue with the data transfer to newer equipment resulted in an error in theโ€ฆ
Published on August 4, 2022
By Iris Barker

China restricts flights around Taiwan until the end of the week

According to Bloomberg, China has banned planes from six airspaces surrounding Taiwan.
Published on August 3, 2022
By Iris Barker

BMW grows net profit in first half of 2022

The German carmaker Bayerische Motoren Werke AG (BMW) reported in a statement that its net profit attributable to shareholders climbed over 1.7 times year over year to โ‚ฌ12.981 billion inโ€ฆ
Published on August 3, 2022
By Iris Barker

BP ends Q2 with the highest profit in 14 years

The second quarter's $8.45 billion profit for BP was a 14-year record.
Published on August 2, 2022
By Iris Barker

Shares of Pinterest rise up by 21%

According to trading statistics, shares of the photohosting website Pinterest are up by more than 20% in pre-trade trading following the release of financial statements and announcement of willingness ofโ€ฆ
Published on August 2, 2022
By Iris Barker

Myanmar military extends state of emergency for six months

The state of emergency was prolonged by Myanmar for a further six months. Myin Swe, the nation's acting president, took the initiative.
Published on August 1, 2022
By Iris Barker

China notes slowdown in PMI in July

According to data issued on Sunday by China's State Statistics Office, the country's business activity index (PMI) for the industrial sector dropped to 49 points in July.
Published on August 1, 2022
By Iris Barker

IMF raises global inflation forecast-2022 to 8.3%

According to the International Monetary Fund, global inflation will be 8.3 percent this year and 5.7 percent next year, respectively.
Published on July 28, 2022
By Iris Barker

U.S. GDP declines for the second quarter in a row

According to data from the Bureau of Economic Analysis of the Commerce Department, the U.S. economy shrank by 0.9 percent in the second quarter of 2018.
Published on July 28, 2022
By Iris Barker

Nestle sales grow in the first half of 2022

One of the biggest producers of food and beverages in the world, Nestle SA, said that its sales increased 9.1% year over year to 45.58 billion Swiss francs ($47.4 billion)โ€ฆ
Published on July 28, 2022
By Iris Barker
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