Iris Barker
World & Politics
Egypt terminates contracts for 240 thousand tons of Ukrainian wheat
According to Reuters, Egypt has cancelled contracts for the purchase of 240,000 tons of wheat from Ukraine that were to have been delivered in December 2021.
Published on July 28, 2022
By Iris Barker
Business & Finance
Deutsche Bank’s net profit jumps by 31% in the first half of 2022
The largest bank in Germany, Deutsche Bank, reported a net profit of €2.438 billion in the first half of 2022, up 31% from the same period the previous year, according…
Published on July 27, 2022
By Iris Barker
Economics
U.S. will not extend six-month intervention in oil market
According to White House economic adviser Brian Deese, the U.S. administration would not extend its six-month limit on commodity interventions in the oil market.
Published on July 27, 2022
By Iris Barker
World & Politics
EU to allocate €1.59 billion to Ukraine through European Investment Bank
The European Investment Bank (EIB) will provide $1.59 billion to help Ukraine's citizens and reconstruct its infrastructure. According to a statement from the European Commission, €1.05 billion will be given…
Published on July 26, 2022
By Iris Barker
Business & Finance
General Motors, Ford Motor: We are not afraid of recession
Trying to persuade investors that they can survive a recession without suffering a loss is a scenario that General Motors Co. and Ford Motor Co. are about to play.
Published on July 26, 2022
By Iris Barker
Science & Technology
USA, UK defense companies set to develop anti-hypersonic defense systems
Both Raytheon Missiles & Defense in the USA and Cohort in the United Kingdom claim to be working on defenses against hypersonic missiles.
Published on July 24, 2022
By Iris Barker
World & Politics
India elects woman as new president for the second time in history
Draupadi Murmu, the victor of the Indian presidential elections, will be sworn in on July 25, the day before Ram Nath Kovind's time as president comes to an end. She…
Published on July 24, 2022
By Iris Barker
Business & Finance
First case of insider trading in cryptocurrencies opened in the U.S.
Ishan Wahi, a former manager of the cryptocurrency exchange Coinbase, has been charged by a New York district court with internet fraud and unauthorized use of confidential information from the…
Published on July 21, 2022
By Iris Barker
Economics
Asian Development Bank cuts Chinese GDP growth forecast
The Asian Development Bank (ADB) downgraded its forecast for this year's GDP growth in Asia, particularly China.
Published on July 21, 2022
By Iris Barker
World & Politics
Lenders to suspend Ukraine’s sovereign debt payments
The six nations that hold Ukraine's debt decided to offer it a postponement of sovereign debt service until the end of 2023, with the option of an additional year's extension.
Published on July 20, 2022
By Iris Barker
Science & Technology
Apple sets for digital healthcare
Apple Inc. published a report detailing a strategy in the digital health markets: on the one hand, the company aims for integration with existing health systems and on the other…
Published on July 20, 2022
By Iris Barker
Business & Finance
Netflix loses one million paid subscribers since April
From April to June, the American streaming provider Netflix reported losing one million paid subscribers.
Published on July 19, 2022
By Iris Barker
Business & Finance
Apple to slow down new hires
Apple plans to decrease the number of new hires to get ready for a potential downturn in the economy.
Published on July 19, 2022
By Iris Barker
Business & Finance
Boeing expects orders for 787 Dreamliner to grow
After it resumes delivery, Stan Deal, general manager of Boeing's commercial aviation division, told Reuters on Sunday that the company anticipates an increase in new bookings for the 787 Dreamliner.
Published on July 18, 2022
By Iris Barker
Business & Finance
Bank of America, Goldman Sachs reports push up U.S. stock indices
Two of the top banks in the United States—investment bank Goldman Sachs (GS) and Bank of America (BofA)—reported their second-quarter results.
Published on July 18, 2022
By Iris Barker
World & Politics
Saudi Arabia and Iraq merge power grids
The agreement calls for building of a transmission line with a length of around 435 kilometers, a voltage of 400 kilovolts, and a capacity of 1,000 megawatts.
Published on July 18, 2022
By Iris Barker
Economics
Goldman Sachs downgrades its oil price forecast for 2022-2023
The second half of 2022 and 2023 will have lower oil prices, according to Goldman Sachs.
Published on July 15, 2022
By Iris Barker
Economics
Chinese yuan falls to two-year low on weak statistics from China
On Friday, the CNY dropped to a two-year low versus the US dollar, and is expected to close with the biggest drop since May this week.
Published on July 15, 2022
By Iris Barker
Business & Finance
Leading U.S. companies pay record dividends in Q2
In the second quarter, U.S. corporations that comprise the S&P 500 Index paid a record $140.6 billion in dividends, according to data from S&P Dow Jones Indices cited by The…
Published on July 14, 2022
By Iris Barker
World & Politics
Bill Gates will give almost his entire fortune to charity
Bill Gates declared that he would donate practically all of his wealth to charity, making him no longer one of the world's richest people. According to Forbes, his wealth exceeds…
Published on July 14, 2022
By Iris Barker
Economics
Norwegian Equinor closes part of Sleipner field
The Sleipner field was partially shut down owing to a gas leak, according to the Norwegian oil and gas company Equinor.
Published on July 13, 2022
By Iris Barker
World & Politics
Bloomberg: UAE President to discuss increasing oil supplies to France
According to Bloomberg’s sources, UAE President Sheikh Mohamed bin Zayed will travel to Paris on July 18 to meet with French President Emmanuel Macron to discuss oil supplies.
Published on July 13, 2022
By Iris Barker
Economics
Price of RES generation doubles in Europe
Cost of long-term contracts for the purchase of green electricity has nearly doubled in the European Union.
Published on July 12, 2022
By Iris Barker
Business & Finance
Ex-Formula 1 chief Ecclestone accused of over £400 million fraud
According to Reuters, citing the Crown Prosecution Service of Great Britain, Bernie Ecclestone, the former president of Formula One, is accused of defrauding foreign entities of more than £400 million.
Published on July 12, 2022
By Iris Barker
Business & Finance
Twitter will sue Elon Musk
Twitter will file a lawsuit after Elon Musk, the richest man on earth, refused to acquire the business.
Published on July 11, 2022
By Iris Barker
Economics
Inflation in China exceeds forecasts
According to data issued on Saturday by China's State Statistics Office, the consumer price index (CPI), a major gauge of inflation, increased 2.5 percent year over year in June 2022,…
Published on July 11, 2022
By Iris Barker
Economics
Shell and CEZ to supply seven billion cubic meters of LNG per year to the Netherlands
According to a news statement from Gasunie, Dutch Shell and Czech CEZ inked a cooperative deal with the Dutch gas business Gasunie to provide 7 billion cubic meters of liquefied…
Published on July 8, 2022
By Iris Barker
World & Politics
WTO calls on G20 countries not to impose sanctions against others
According to a report on trade monitoring and trade measures G20 released Thursday on the WTO website, the World Trade Organization (WTO) urges G20 nations not to impose restrictive measures…
Published on July 8, 2022
By Iris Barker
World & Politics
France to abandon fossil fuels
France is on the verge of becoming the first developed nation to abandon fossil fuels.
Published on July 6, 2022
By Iris Barker
Business & Finance
JPMorgan fined $850,000 because of stock reports
Due to the bank's failure to disclose certain currency swaps, the Commodity Futures Trading Commission (CFTC) said that JPMorgan Chase & Co. will be required to pay a $850,000 fine.
Published on July 6, 2022
By Iris Barker
Economics
Bank of England urges to get ready for economic shocks
The Bank of England issued a warning about the worsening economic prospects for both the UK and the rest of the world and suggested that lending institutions increase buffer capital…
Published on July 6, 2022
By Iris Barker
Business & Finance
British Airways calls current time “the most difficult” for the airline industry
British Airways made an announcement regarding cancellation of further flights for the next summer break. The corporation made the decision during a period of significant airport interruptions brought on by…
Published on July 6, 2022
By Iris Barker
Economics
Global copper and nickel production decline in June
According to satellite data released on Monday, the amount of copper smelted globally decreased in June, primarily as a result of lower metallurgical capacity in Chile.
Published on July 5, 2022
By Iris Barker
Economics
ECB gets ready for possible recession in eurozone
ECB: If gas supplies from Russia are cut off, the economy of the eurozone may enter a recession.
Published on July 5, 2022
By Iris Barker
World & Politics
Turkey finds large deposits of rare-earth elements
Turkey discovered rare earth element reserves that are sufficient to supply the world for a thousand years.
Published on July 4, 2022
By Iris Barker
Economics
Tesla production and shipments decline in Q2
Although American electric car manufacturer Tesla boosted production and shipments of automobiles in the second quarter of 2022 compared to the same period in 2021, the results compared to the…
Published on July 4, 2022
By Iris Barker
World & Politics
Over 180 abortion rights protesters detained in Washington, D.C.
A protest against abolishing women's access to abortion was held in the heart of Washington, D.C.
Published on June 30, 2022
By Iris Barker
World & Politics
NATO accuses China of undermining international order
A new NATO strategic concept approved at the North Atlantic Alliance summit in Madrid on June 29 claims that China is attempting to take control of important industrial and logistical…
Published on June 30, 2022
By Iris Barker
Economics
Bloomberg: Libya suspends oil supplies from two major terminals
Due to a deteriorating political crisis, Libya's state-owned oil corporation National Oil Corp. (NOC) has halted deliveries from two important eastern ports, Es Sider and Ras Lanuf, reported Bloomberg.
Published on June 30, 2022
By Iris Barker
Economics
UN warns of 3.7% increase in global food prices
According to a report from the United Nations Conference on Trade and Development, global increases in the price of grain and ship chartering will result in a 3.7 percent increase…
Published on June 29, 2022
By Iris Barker
Economics
Bank of Japan to continue ultra-soft policy
According to Bank of Japan Governor Haruhiko Kuroda, the Bank of Japan will maintain its ultra-soft policy because the Japanese economy is less impacted by inflation than other nations' economies.…
Published on June 29, 2022
By Iris Barker
Science & Technology
ExxonMobil CEO expects global shift to electric cars by 2040
According to ExxonMobil CEO Darren Woods, by the year 2040, every new vehicle sold worldwide will be electric.
Published on June 28, 2022
By Iris Barker
Economics
Germany calls on G7 to continue investing in gas production
According to Bloomberg, Germany has urged the G7 to back out on its pledge to stop funding the production of fossil fuels. Berlin claimed that the G7 nations should acknowledge…
Published on June 28, 2022
By Iris Barker
World & Politics
Egypt agrees to buy wheat from India
The country’s Minister of Supply and Internal Trade, Aly al-Moselhy stated at a press conference on Sunday that "an agreement has been reached with India for the supply of 180,000…
Published on June 27, 2022
By Iris Barker
Economics
France asks TotalEnergies to take new measures to reduce gasoline prices
The big oil and gas business TotalEnergies has been urged to take extra steps to lower fuel prices domestically, according to French Economy and Finance Minister Bruno Le Maire.
Published on June 27, 2022
By Iris Barker
World & Politics
WHO: Over 3,000 cases of monkeypox detected worldwide
According to Tedros Adhanom Ghebreyesus, director-general of the World Health Organization, more than 3,200 confirmed cases of monkeypox have already been discovered in 48 countries since the beginning of the…
Published on June 24, 2022
By Iris Barker
Science & Technology
Juul e-cigarettes banned from sale in the US
The sale of electronic cigarettes and Juul Labs cartridges in the US has been outlawed by the US Food and Drug Administration (FDA). A license to distribute Juul products was…
Published on June 24, 2022
By Iris Barker
World & Politics
Sri Lanka: Our economy is ruined
Collapse of the nation's economy, according to Sri Lankan Prime Minister Ranil Wickremesinghe, is the government's most pressing issue.
Published on June 23, 2022
By Iris Barker
Economics
Italy allocates over €3B to support the nation
The third quarter of the year will see an extension of energy price containment measures for homes and companies, according to a new regulation passed by Italy's Council of Ministers.
Published on June 23, 2022
By Iris Barker
Science & Technology
World’s first flight on 100% sustainable jet fuel takes place in Sweden
The first flight ever utilizing just 100% sustainable aviation fuel (SAF), a biofuel generated from food waste, vegetable oils, and animal fats, has been announced by the Swedish regional airline…
Published on June 22, 2022
By Iris Barker
