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Iris Barker


Cyprus, Greece and Israel plan to build LNG station in Cyprus

The energy ministers of Greece, Cyprus, and Israel met in Jerusalem on Monday and resolved to look into the possibility of creating an LNG station in Cyprus to manage naturalโ€ฆ
Published on April 12, 2022
By Iris Barker

China hits new COVID-19 infections record

A record 27,595 cases of the coronavirus infection were detected in China on Sunday, with most of the new cases occurring in Shanghai, according to data from China's State Healthโ€ฆ
Published on April 11, 2022
By Iris Barker

Times: Sweden and Finland intend to join NATO this summer

According to the British Times, citing unnamed sources, Sweden and Finland aim to join NATO as soon as this summer.
Published on April 11, 2022
By Iris Barker

BMW lowers car sales in Q1

German carmaker Bayerische Motoren Werke AG (BMW) in the first quarter of 2022 reduced car sales by 6.2% year on year to 596.907 thousand cars, while electric car sales doubled,โ€ฆ
Published on April 8, 2022
By Iris Barker

Fitch affirms Hong Kong’s rating

Hong Kong's long-term foreign currency Issuer Default Rating (IDR) has been affirmed at "AA-" by international rating agency Fitch Ratings, with a stable outlook.
Published on April 8, 2022
By Iris Barker

USA: We cannot exclude Russia from IMF

Head of the U.S. Treasury admitted that it will not be possible to exclude Russia from the IMF.
Published on April 7, 2022
By Iris Barker

German industrial production rises better than forecast in February

Germany's seasonally adjusted industrial output rose 0.2% in February compared to the previous month after a 1.4% growth in January (the figure was revised from 2.7% earlier), according to theโ€ฆ
Published on April 7, 2022
By Iris Barker

Volkswagen will cut production of mass models

Volkswagen Group to reduce its lineup of gasoline and diesel cars.
Published on April 6, 2022
By Iris Barker

Hackers break record for blockchain hacks, steal $1.3B in crypto assets

Hackers stole about $1.3 billion worth of crypto assets in the first quarter of 2022, Atlas VPN analysts estimated.
Published on April 6, 2022
By Iris Barker

Saudi Aramco raises May oil prices for European and U.S. customers

Saudi Arabia's state-owned oil and gas company raised May selling prices for oil to customers in Europe and the United States.
Published on April 5, 2022
By Iris Barker

Starbucks shares lose 5% after buyback

Starbucks' founder, Howard Schultz, has stated that the company's share repurchase program, which began last year, will be suspended.
Published on April 5, 2022
By Iris Barker

Fitch affirms Hyundai and Kia’s ratings at BBB+

Fitch affirmed Hyundai Motor and Kia's long-term ratings at 'BBB+' with a stable outlook.
Published on April 4, 2022
By Iris Barker

Tesla delivers record number of cars in “exceptionally challenging” first quarter

American electric car maker Tesla delivered a record 310,048 cars in the first quarter of 2022, Bloomberg wrote with reference to the company's report.
Published on April 4, 2022
By Iris Barker

S&P downgrades global economic growth forecast – 2022

S&P Global Ratings, an international rating agency, has lowered its projection for global GDP growth for the current year to 3.6 percent from 4.2 percent previously predicted, citing recent developmentsโ€ฆ
Published on April 1, 2022
By Iris Barker

OPEC+ explains volatility in the oil market

The effect of geopolitical issues was used by OPEC+ to explain oil market volatility.
Published on April 1, 2022
By Iris Barker

UN Commissioner: 4 million people fled Ukraine since February 24

The number of refugees who left the territory of Ukraine after February 24 exceeded 4 million people, the UN estimated. This is almost a tenth of the country's population. Theโ€ฆ
Published on March 31, 2022
By Iris Barker

US to boost technological competition with China

A bill to increase the US economy's competitiveness was adopted by the Senate by a majority vote.
Published on March 31, 2022
By Iris Barker

Hackers steal $540 million in cryptocurrency from Axie Infinity game users

Sky Mavis, the publisher of the online game Axie Infinity, in which users can earn crypto-assets, stated that over $500 million in cryptocurrency was stolen from its subscribers.
Published on March 30, 2022
By Iris Barker

Analysts expect to improve Q4 U.S. GDP growth estimates

U.S. GDP rose 7.1 percent year-over-year last quarter, according to the third and final estimate (if GDP had grown at the same rate for four straight quarters), according to analystsโ€ฆ
Published on March 30, 2022
By Iris Barker

UAE Sovereign Fund suspends investments in Russia because of Ukraine

The UAE sovereign fund Mubadala has decided to suspend all investment in Russia, Reuters reported.
Published on March 29, 2022
By Iris Barker

Israel and Turkey to build a bypass gas pipeline

Israel and Turkey are discussing construction of a pipeline to Israel's Leviathan field as an alternative to Russian gas supplies to southern Europe.
Published on March 29, 2022
By Iris Barker

100,000 farms in Italy may close due to pandemic and situation in Ukraine

About 100 thousand agricultural enterprises in Italy may close due to the coronavirus pandemic and the situation in Ukraine, according to the largest association of Italian agricultural producers Coldiretti.
Published on March 28, 2022
By Iris Barker

UAE names timeline for oil demand to return to pre-pandemic levels

UAE Industry Minister: Oil demand up about three million barrels a day.
Published on March 28, 2022
By Iris Barker

Global economic growth forecast falls to 2.6%

The United Nations has lowered its global economic growth prediction to 2.6 percent.
Published on March 25, 2022
By Iris Barker

WTO head warns of risk of hunger riots due to rising food prices

In an interview with the Guardian newspaper, Ngozi Okonjo-Iweala, Head of the World Trade Organization (WTO), claimed that rise in global food prices due to the situation in Ukraine couldโ€ฆ
Published on March 25, 2022
By Iris Barker

EU approves โ‚ฌ500 million support for farmers

The EC has approved a support package of โ‚ฌ500 million for farmers affected by the situation in Ukraine.
Published on March 24, 2022
By Iris Barker

U.S. weekly oil inventories drop unexpectedly

U.S. oil inventories dropped unexpectedly for the week - down 0.6% to 413.4 million barrels.
Published on March 24, 2022
By Iris Barker

EU leaders plan joint purchases of gas and LNG

This week, EU leaders may agree on joint purchases of gas and liquefied natural gas (LNG), Reuters reports, citing a draft statement from the summit.
Published on March 23, 2022
By Iris Barker

Tesla shares go up after new plant opens in Germany

Tesla shares rose 6 percent after opening of an auto plant in Germany on Tuesday, trading data showed.
Published on March 23, 2022
By Iris Barker

Gasoline prices in Australia hit eight-year high

According to the Australian Competition and Consumer Commission, the price of gasoline in Australia has risen to its highest level in eight years as a result of Russia's special operationโ€ฆ
Published on March 14, 2022
By Iris Barker

Drone attacks oil refinery in Saudi Arabia

A drone targeted an oil refinery in Saudi Arabia's capital, Riyadh, on Thursday, causing a small fire, according to the Saudi news agency SPA, quoting an official from the energyโ€ฆ
Published on March 11, 2022
By Iris Barker

U.S. inflation hits 40 years record

Annual inflation in the U.S. in February reached 7.9%. This is the highest in the last 40 years - since January 1982.
Published on March 11, 2022
By Iris Barker

Congress approves USA budget through the end of the fiscal year

The U.S. House of Representatives has approved a $1.5 trillion bill to fund the federal government through fiscal year 2022, including $13.6 billion in military and humanitarian aid to Ukraine.
Published on March 10, 2022
By Iris Barker

Eurofer: Skyrocketing energy prices threaten local industries

Hopes for lower energy costs have faded due to events in Ukraine, jeopardizing viability of many industrial operations, according to a joint statement from European industrial energy consumers, including cement,โ€ฆ
Published on March 10, 2022
By Iris Barker

Biden: Gasoline prices in the U.S. will continue to rise

U.S. President Joe Biden warned that gasoline prices in the country will continue to rise due to anti-Russian sanctions.
Published on March 9, 2022
By Iris Barker

Norway: Gas supplies to Europe are at maximum capacity

Norway is exporting gas to Europe at maximum capacity, Prime Minister Jonas Gahr Stรธre said at a press conference on Tuesday, March 8.
Published on March 9, 2022
By Iris Barker

Nikkei index shows record fall

The benchmark index Nikkei plunged more than 250 points after opening trade on the Tokyo Stock Exchange, falling below 25,000 points for the first time in 16 months on newsโ€ฆ
Published on March 7, 2022
By Iris Barker

Politico: US plans to introduce legislation to ban Russian oil imports

Democratic House Majority Leader Steny Hoyer said a bill to ban Russian oil imports could be introduced this week, Politico reported.
Published on March 7, 2022
By Iris Barker

IMF admits serious impact of anti-Russia sanctions on global economy

The International Monetary Fund has stated that the events in Ukraine and related sanctions on Russia are having a substantial impact on the global economy and financial markets.
Published on March 6, 2022
By Iris Barker

China to boost up oil and gas exploration

The Chinese authorities have announced the need to intensify oil and gas exploration and development activities in 2022, according to the country's socio-economic development plan released on Saturday.
Published on March 6, 2022
By Iris Barker

Analysts expect US unemployment to fall in February

The US unemployment rate fell to 3.9% in February from 4% in January, while the number of non-farm jobs in the US economy rose by 400,000 after increasing by 467,000,โ€ฆ
Published on March 4, 2022
By Iris Barker

Bitcoin loses 5% in value

Bitcoinโ€™s price is down 5 per cent in the past 24 hours to $41,200 on Friday morning, trading data showed.
Published on March 4, 2022
By Iris Barker

Fed: US dollar remains strong reserve currency

The dollar remains a "hard currency" and will remain a reserve currency in the long term, Fed Chairman Jerome Powell said at a hearing in the US House of Representatives.
Published on March 3, 2022
By Iris Barker

Cartier sues Tiffany & Co. with allegations of trade secret infringement

The jewelry brand Cartier has accused Tiffany & Co. of stealing trade secrets.
Published on March 3, 2022
By Iris Barker

World Bank and IMF to support Ukraine with over $5B in financing

The International Monetary Fund and the World Bank are ready to provide financial support to Ukraine. The IMF has opened access to $2.2bn in financing from the beginning of Marchโ€ฆ
Published on March 1, 2022
By Iris Barker

France’s CMA CGM to stop shipments to Russian ports

French container carrier CMA CGM has announced suspension of its operations in Russia due to the situation in Ukraine, the company said.
Published on March 1, 2022
By Iris Barker

HP reports growing profit in Q1

U.S. computer and copier maker HP Inc's net income for the first quarter of fiscal year 2021-2022, which ended Jan. 31, rose 2% year on year to $1.086 billion, theโ€ฆ
Published on March 1, 2022
By Iris Barker

Japan expects energy supply disruptions

The Japanese government intends to work closely with the U.S. and European countries.
Published on March 1, 2022
By Iris Barker

South Korea will consider reselling gas to Europe

South Korea will consider reselling gas to Europe, the country's foreign ministry said.
Published on February 28, 2022
By Iris Barker

Germany is preparing a law on keeping gas storage tanks full

A bill on the mandatory full filling of Germany's gas storage facilities will be ready soon, German Economy Minister Robert Habek said.
Published on February 28, 2022
By Iris Barker
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