Iris Barker
Economics
Bank of France Head: France should avoid recession in 2022
According to François Villeroy de Galhau, governor of the Bank of France and member of the ECB Governing Council, France should escape a recession this year and its economy will…
Published on June 22, 2022
By Iris Barker
Economics
EU to allocate €9B in aid to Ukraine
The European Union (EU) will complete terms of a €9 billion financing package for Ukraine in the next days, according to Bloomberg, citing three European officials. Ursula von der Leyen,…
Published on June 21, 2022
By Iris Barker
World & Politics
The Netherlands turn back to coal power plants
The Netherlands has agreed to relax limitations on coal-fired power stations from 2022 to 2024 to lessen the possibility of gas shortages, according to the cabinet.
Published on June 21, 2022
By Iris Barker
Economics
Reuters: China increases Russian oil imports to record levels
According to Reuters, China raised its oil imports from Russia by nearly 25% on a monthly basis and by 55 percent on an annual basis in May, bringing purchases to…
Published on June 20, 2022
By Iris Barker
World & Politics
UK Home Office to introduce electronic tagging of illegal migrants
The UK Home Office has begun a 12-month trial programme to trace whereabouts of illegal migrants coming in the nation using electronic tracking.
Published on June 20, 2022
By Iris Barker
Business & Finance
Elon Musk accused in Ponzi scheme with Dogecoin
Keith Johnson, an American, has launched a lawsuit against Elon Musk and his firms SpaceX and Tesla, accusing them of constructing a "crypto Ponzi scheme," a structure designed to artificially…
Published on June 17, 2022
By Iris Barker
Economics
Eurogroup approves Croatia’s entry into the eurozone
Croatia's membership in the European Union will begin on January 1, 2023, according to the Eurogroup. This is the first stage in the EU Council's process of adopting legal measures…
Published on June 17, 2022
By Iris Barker
Management
Spotify to cut hiring plans
Bloomberg reports that Spotify Technology, the world's largest on-demand music and podcast provider, will slash employment ambitions, according to a statement from firm CEO Daniel Ek to workers. He said…
Published on June 16, 2022
By Iris Barker
Economics
Poland’s PKN Orlen invests $435M in Czech energy sector
According to Czech Prime Minister Petr Fiala, Polish oil refiner PKN Orlen plans to spend more than 10 billion crowns (about $435 million) in the Czech energy sector.
Published on June 16, 2022
By Iris Barker
Economics
Fitch downgrades global GDP growth forecast for 2022
According to a press statement from Fitch, the international rating agency reduced its global GDP growth prediction for the current year to 2.9 percent from 3.5 percent.
Published on June 15, 2022
By Iris Barker
Economics
OPEC fails to fully implement oil production deal
According to a June report from OPEC, oil output fell by 176,000 bpd to 28.51 million bpd in May from April levels, and the organization failed to boost production by…
Published on June 15, 2022
By Iris Barker
World & Politics
Japan Today: Japanese farmers to replace rice with grain
Farmers in Japan must lower rice production while increasing wheat and soybean production, reports Japan Today, referring to results of a government survey.
Published on June 14, 2022
By Iris Barker
World & Politics
U.S. congressmen propose to limit investments in China
According to the Wall Street Journal, US politicians want to make it more difficult for US corporations to participate in China's economy. A measure has been created that would require…
Published on June 14, 2022
By Iris Barker
World & Politics
U.S. ready to reset relations with Saudi Arabia
According to CNN, which cited sources, the US is attempting to "reset" and restore relations with Saudi Arabia, which have worsened since the death of Saudi writer Jamal Khashoggi, a…
Published on June 12, 2022
By Iris Barker
Economics
FT: EU economy may suffer in the coming months
Rising energy prices and heavy expenditures by EU members, according to Financial Times (FT) analysts, might push the European economy into recession.
Published on June 12, 2022
By Iris Barker
Economics
IMF cuts global growth forecast for 2022
According to the International Monetary Fund's (IMF) spokesman Gerry Rice, the global economy's growth forecast for 2022 will be lowered once more.
Published on June 10, 2022
By Iris Barker
Economics
UN expects decline in direct foreign investment across the globe
According to a report by the United Nations Conference on Trade and Development (UNCTAD), the worldwide flow of foreign direct investment (FDI) may drop in 2022 as a result of…
Published on June 10, 2022
By Iris Barker
Business & Finance
Forbes: Just 30% of billionaires invest in cryptocurrencies
According to a recent survey by American Forbes, about 30% of the world's wealthiest people invest in cryptocurrencies directly or indirectly, which is higher than the number of investors who…
Published on June 8, 2022
By Iris Barker
Business & Finance
Credit Suisse warns of losses in Q2
Credit Suisse, a Swiss investment bank, expects a loss in the second quarter of 2022. The Financial Times reports on it, using the group's statement as evidence.
Published on June 8, 2022
By Iris Barker
Economics
World’s central banks buy 19.4 tons of gold in April
Central banks bought 19.4 tons of gold in April, according to the World Gold Council.
Published on June 8, 2022
By Iris Barker
Economics
Oil production may stop in Norway due to strikes by trade unions
According to Reuters, Norwegian oil workers' unions plan to strike on June 12 if they cannot agree on a wage hike, which could result in a partial shutdown of oil…
Published on June 8, 2022
By Iris Barker
Economics
Global traders are buying up Indian rice
Fearing that local authorities may impose a restriction on the sale of the wheat outside the nation, global traders are increasing their purchases of Indian rice, according to Reuters, which…
Published on June 7, 2022
By Iris Barker
Management
Clubhouse downsizes during strategic U turn
As part of a restructuring and reconsideration of the company's direction, Clubhouse, a social network featuring audiobroadcasts, has laid off some of its employees, reports Bloomberg.
Published on June 7, 2022
By Iris Barker
Business & Finance
Abbott resumes work at Michigan baby formula plant
Abbott Nutrition, the nation's largest maker of infant formula, resumed production on June 4 at its Michigan, facility. This should help to alleviate the country's baby food shortfall, which began…
Published on June 6, 2022
By Iris Barker
Economics
Ukrainian producers granted duty-free exports to EU for one year
The European Union has established a duty-free system for Ukrainian goods that will last until June 5, 2023. This is stated in the official gazette of the European Union.
Published on June 6, 2022
By Iris Barker
World & Politics
UN calls on G20 countries to eliminate coal infrastructure
Speaking at the Stockholm 50+ conference on the environment, UN Secretary General António Guterres called on the G20 countries to abolish coal infrastructure once more.
Published on June 2, 2022
By Iris Barker
Business & Finance
Equinor relaunches Hammerfest LNG terminal
Equinor, a Norwegian oil and gas firm, announced opening of its Hammerfest LNG liquefaction plant.
Published on June 2, 2022
By Iris Barker
Economics
India intends to receive imported coal at a preferential rate
Mint reported, citing government officials, that India may soon initiate discussions with Russia, Australia, Indonesia, and South Africa to import coal at a subsidized rate as an emergency measure to…
Published on June 2, 2022
By Iris Barker
Management
Founder of Uniqlo becomes Japan’s richest businessman
The founder of Uniqlo returned to the position of Japan's richest businessman, according to American Forbes.
Published on June 2, 2022
By Iris Barker
Economics
Eurozone inflation hits all-time high of 8.1% in May
In May, inflation in 19 eurozone countries reached an all-time high of 8.1%, up from 7.4% in April. Energy, which increased by nearly 40% in May, was the main cause…
Published on June 1, 2022
By Iris Barker
Business & Finance
Meta completes rebranding by changing FB ticker to META
Meta Platforms has announced that the company's shares will start trading on Nasdaq under the ticker of the same name instead of FB as of 9 June. The company has…
Published on June 1, 2022
By Iris Barker
World & Politics
EU names conditions for aid for Ukraine’s reconstruction
The EU's funding for Ukraine's recovery will be conditional on the country's reforms being implemented.
Published on May 31, 2022
By Iris Barker
Economics
CNBC: Experts see global recession as unlikely
According to analysts questioned by CNBC, the global economy will have challenges in the next months, but a possibility of a recession is premature and implausible.
Published on May 31, 2022
By Iris Barker
Business & Finance
G7 to end support for energy projects without measures to reduce emissions
Mineral-fuel-based projects that do not contain measures to reduce atmospheric emissions will not be supported by the G7 countries. The G7's stricter energy strategy will be implemented as part of…
Published on May 30, 2022
By Iris Barker
Economics
Goldman Sachs predicts drop in battery metal prices
Battery metal prices, such as lithium, cobalt, and nickel, are expected to fall over the next two years due to oversupply induced by green energy investors, says Goldman Sachs.
Published on May 30, 2022
By Iris Barker
World & Politics
Deutsche Bahn plans to provide extra support to Ukraine
In conjunction with the German government, Germany's DB Cargo, a part of railway conglomerate Deutsche Bahn, aims to give Ukraine extra support for grain exports, said DB Cargo's CEO Sigrid…
Published on May 27, 2022
By Iris Barker
Business & Finance
UK watchdog suspects Google of unfair competition
Google is being investigated by the UK Competition and Markets Authority. The firm is suspected of engaging in unethical actions in the marketing technology stack area, according to the agency.
Published on May 27, 2022
By Iris Barker
Economics
US Federal Reserve is leaning towards new interest rate hikes
According to the minutes of the May meeting of the US Federal Reserve (Fed), a majority of participants believe that a new 50 basis point interest rate hike at the…
Published on May 26, 2022
By Iris Barker
Management
Musk raises investors funding for Twitter deal to $33.5B
The founder and CEO of Tesla and SpaceX has again changed his plans to fund the Twitter deal.
Published on May 26, 2022
By Iris Barker
Business & Finance
U.S. watchdogs to penalize companies for mimicking ESG agenda
The Securities and Exchange Commission (SEC), according to the Financial Times, is creating rules under which corporations can be penalized for making "excessive or misleading" ESG promises when selling linked…
Published on May 24, 2022
By Iris Barker
Economics
Glencore to pay $1.2B to settle claims by U.S. authorities
According to the country's Attorney General Merrick Garland, Swiss commodity trader Glencore would have to pay about $1.2 billion to settle legal allegations from US authorities.
Published on May 24, 2022
By Iris Barker
Science & Technology
China is boosting solar power investments
According to Bloomberg, China increased its investment in solar energy projects from January to April.
Published on May 23, 2022
By Iris Barker
Economics
U.S. ponders relaxing environmental rules for gasoline to cut prices
In order to lower gasoline prices on the domestic market, the US government is considering eliminating a number of environmental laws.
Published on May 23, 2022
By Iris Barker
World & Politics
South Korea says it will participate in U.S. regional economic structure
South Korean President Yoon Suk-yeol announced the country's participation in the Indo-Pacific Economic Framework (IPEF) of the U.S.
Published on May 22, 2022
By Iris Barker
Business & Finance
Apple to reduce dependence on manufacturing in China
Apple told several of its gadget manufacturing partners that it would like to increase production of its goods outside China. Now it accounts for 90% of the company's devices.
Published on May 22, 2022
By Iris Barker
Management
One of Tesla’s biggest investors calls for Tesla share buyback
Billionaire Leo KoGuan, one of Tesla's largest private investors, has demanded that the company purchase back its assets from shareholders to compensate them for the share price drop caused by…
Published on May 20, 2022
By Iris Barker
World & Politics
Canada bans use of Chinese Huawei and ZTE products in the country
Minister of Innovation, Science and Industry François-Philippe Champagne announced that Huawei and ZTE, two Chinese telecommunications companies, will no longer be used in Canada.
Published on May 20, 2022
By Iris Barker
Economics
EC proposes spending €210bn to get rid of Russian energy
The European Commission (EC) has proposed a €210 billion plan to phase out Russian energy resources entirely by 2027.
Published on May 19, 2022
By Iris Barker
Economics
S&P lowers GDP growth forecast for the world’s biggest economies
The economic consequences of Russia's military action in Ukraine have caused S&P to lower its GDP growth forecast for some of the world's top countries for the next two years.…
Published on May 19, 2022
By Iris Barker
Business & Finance
US allows Chevron oil company to negotiate with Venezuela
A senior US administration official informed reporters that the US Treasury Department has approved a general license allowing the oil corporation Chevron to begin conversations with President Nicolas Maduro's government…
Published on May 18, 2022
By Iris Barker
