Iris Barker
Economics
Analysts: The US economy is slowing down
The US economy slowed down sharply in the third quarter. Had the economy grown at the same rate all year round, the figure would have been just 2% - down…
Published on October 29, 2021
By Iris Barker
Business & Finance
Daimler’s 9-month net profit jumps by almost 73 times
German carmaker Daimler's net profit attributable to shareholders in January-September 2021 rose almost 73 times year-on-year to €10.358 billion after €142 million a year earlier, according to a company press…
Published on October 29, 2021
By Iris Barker
Business & Finance
Largest online auction site eBay shows skyrocketing profits
Net profit of the world's largest online auctioneer eBay increased 2.4 times to $11.639 billion in January-September 2021 compared to the same period last year, the company said in a…
Published on October 28, 2021
By Iris Barker
Business & Finance
Ford’s nine-month net profit rises 3.7 times
U.S. auto giant Ford Motor Co.'s net profit attributable to its parent company was $5.655 billion in January-September 2021, up 3.7 times year-on-year, the company said in a report.
Published on October 28, 2021
By Iris Barker
Business & Finance
US bookmaker DraftKings turns down purchase of UK rival Entain
US betting company DraftKings said it rejected an offer to buy UK betting and gambling company Entain Plc.
Published on October 27, 2021
By Iris Barker
Business & Finance
Google sets 14-year record for quarterly sales
Google reported its biggest sales growth in 14 years and nearly doubled its profits in the third quarter. The company appears to have been little affected by Apple's changes to…
Published on October 27, 2021
By Iris Barker
Economics
Hong Kong authorities are warned about the risk of losing international centre status
The Asian Securities Industry and Financial Markets Association (ASIFMA, an association of 150 banks and management companies) has asked Hong Kong Finance Minister Paul Chan for a clear plan to…
Published on October 26, 2021
By Iris Barker
Business & Finance
North American coal floods China
US and Canadian coal miners are actively increasing their share in China's coking coal market, according to Chinese customs statistics cited by Argus.
Published on October 26, 2021
By Iris Barker
Business & Finance
Beyond Meat shares fall 15% after worsening revenue forecast
Shares in the largest plant-based meat producer Beyond Meat have fallen by 15%, reaching their lowest level since last spring. Investors were disappointed by a report of lower sales and…
Published on October 25, 2021
By Iris Barker
Business & Finance
Energy sector shares rise in price by half since beginning of 2021
Shares in energy companies have gained 54% since the beginning of the year. In the last month alone, they have gained 19%. Investors who have been betting on green energy…
Published on October 25, 2021
By Iris Barker
Business & Finance
WeWork shares up more than 10 per cent in first day of trading
Co-working service WeWork has gone public and its shares on the New York Stock Exchange reached $13.71 on the first day of trading, 37% above the offering price.
Published on October 22, 2021
By Iris Barker
Business & Finance
Interbrand: Tech brands skyrocket in 2021 rating
Consultancy Interbrand presented its annual ranking of the world's 100 most expensive brands: the top 3 remained unchanged, while only one new brand was added to the overall list. Overall,…
Published on October 22, 2021
By Iris Barker
Management
Bundesbank’s Head steps down
The Bundesbank said that its leading manager Jens Weidmann is expected to resign on 31 December. The news was surprising: according to his contract, Mr Weidmann was expected to keep…
Published on October 21, 2021
By Iris Barker
World & Politics
UK and New Zealand agree on a free trade deal
The UK and New Zealand have reached agreement in principle on the terms of a future free trade agreement, according to the Office of the British Prime Minister.
Published on October 21, 2021
By Iris Barker
Economics
China invests in Cuban energy sector
Cuba has signed an agreement on energy cooperation with China as part of the One Belt, One Road programme, the Cuban embassy in China said.
Published on October 20, 2021
By Iris Barker
Business & Finance
Starbucks, Amazon plan to open joint outlets
Amazon, which previously launched the cashier-less Amazon Go shop chain in the US and UK, has been in talks with coffee chain Starbucks to open co-branded outlets, Business Insider reports,…
Published on October 20, 2021
By Iris Barker
Science & Technology
Finnish burger chain to donate waste cooking fats for renewable diesel fuels
Finnish fast-food chain Hesburger will donate waste cooking fats to renewable diesel, announced the companyy.
Published on October 19, 2021
By Iris Barker
Business & Finance
Wall Street watchdog warns against gamification of stock trading
The US Securities and Exchange Commission said that online brokers are turning trading in stocks into games to boost revenues by paying for the flow of orders to encourage retail…
Published on October 19, 2021
By Iris Barker
Economics
China increases coal imports by 76% yoy in September
China, amid an energy crisis in some parts of the country, increased coal imports in September by 76% year-on-year, while coal production fell by 0.9%, data from China's State Bureau…
Published on October 18, 2021
By Iris Barker
Economics
Fed to begin tapering monetary stimulus from mid-November
The minutes of the September meeting of the US Federal Open Market Committee were published at the end of last week. As expected, committee members agreed on the parameters for…
Published on October 18, 2021
By Iris Barker
World & Politics
G20 CO2 emissions are almost back to pre-COVID levels
The Climate Transparency Report, compiled by 16 research organisations and environmental activists in the run-up to the Glasgow climate summit, shows that G20 countries will be close to pre-G20 levels…
Published on October 15, 2021
By Iris Barker
Business & Finance
JP Morgan’s third-quarter profit jumps by 24%
JP Morgan Chase, America's largest bank, on Wednesday reported its third-quarter earnings, up 24 percent to $11.7 billion.
Published on October 14, 2021
By Iris Barker
Economics
OPEC reports oil production increase in September
OPEC oil production rose by 486,000 bpd to 27.33 million bpd in September, according to OPEC's monthly report.
Published on October 14, 2021
By Iris Barker
Economics
IMF urges central banks to act against inflation
Central banks must be prepared to act quickly in the event of rising inflation, said Gita Gopinath, chief economist at the International Monetary Fund (IMF).
Published on October 12, 2021
By Iris Barker
Economics
Producers note Asia’s switch to petroleum-based fuels
Demand for oil fuel is rising in some parts of Asia amid growing gas prices, Patrick Pouyanne, head of TotalEnergies, told the Evolen conference in Paris.
Published on October 12, 2021
By Iris Barker
Science & Technology
Merck applies for approval of COVID-19 tablets
The US pharmaceutical company Merck has applied to the US Food and Drug Administration (FDA) for a license to sell its COVID-19 tablets.
Published on October 12, 2021
By Iris Barker
Management
ASOS chief resigns amid slowing sales
Nick Beighton, CEO of British online clothing and cosmetics retailer ASOS, is stepping down from his post at the company, where he has worked for 12 years, including six years…
Published on October 12, 2021
By Iris Barker
Economics
Kraft Heinz chief urges customers to get used to high food prices
Head of Kraft Heinz said that consumers should get used to high food prices. The cost of food, according to him, will continue to rise due to the lack of…
Published on October 11, 2021
By Iris Barker
Economics
World Bank: Rise in global debt during COVID-19 pandemic is not critical
The rapid growth of debt in most economies in 2020-2021 is not so much a separate event but an unexpected continuation of the debt booms triggered by the global crisis…
Published on October 11, 2021
By Iris Barker
World & Politics
UN: COVID-19 vaccinatation of 40% of world population requires $8B
$8 billion must be raised to help vaccinate 40% of the world's population against the coronavirus by the end of the year, UN Secretary General António Guterres said.
Published on October 8, 2021
By Iris Barker
Business & Finance
Alibaba stops selling cryptocurrency mining equipment
China's largest internet company Alibaba's ban on the sale of cryptocurrency mining equipment on its platform comes into force on Friday.
Published on October 8, 2021
By Iris Barker
Management
Bank of America to pay $200 to each vaccinated Merrill Lynch employee
Bonuses of $200 will be offered to client relationship partners, administrative support and operational staff at Merrill Lynch Wealth Management, owned by Bank of America. Payments will be given to…
Published on October 7, 2021
By Iris Barker
Science & Technology
Google transfers its users to two-factor authentication
Google intends to require 150 million of its users to be two-factor authenticated. This will also affect the 2 million registered creators on YouTube, the company says on its own…
Published on October 7, 2021
By Iris Barker
Economics
Biden: US may lose its economic advantage
If the United States does not invest massively in itself, it risks losing its economic advantage in the world. US President Joe Biden said on Tuesday when he spoke in…
Published on October 6, 2021
By Iris Barker
Business & Finance
Investor interest in Tesla falls to its lowest in 11 years
Short-sellers’ interest in Tesla has fallen to its lowest level since the company traded on the stock exchange. Investors are tired of the company's long-running growth, which was bolstered by…
Published on October 6, 2021
By Iris Barker
World & Politics
US ready to partially lift duties on imports from China
The US authorities have announced that they are ready to make exceptions to a number of duties on Chinese imports imposed by Donald Trump's administration.
Published on October 5, 2021
By Iris Barker
Economics
WTO improves global trade forecast
The World Trade Organisation (WTO) expects global trade growth of 10.8% this year and 4.7% in 2022, the organisation said in its forecast. At that, in March, the WTO predicted…
Published on October 5, 2021
By Iris Barker
Economics
Experts: Major emerging economies keep tightening screws
Central banks in major emerging economies continue to tighten their own policies, fearing not only a temporary rise in inflation but also a shift in inflation expectations away from established…
Published on October 4, 2021
By Iris Barker
Business & Finance
WSJ: Volvo could be valued at $25B at Stockholm IPO
Swedish carmaker Volvo Cars could be valued at $25bn in an initial public offering on the Stockholm Stock Exchange.
Published on October 4, 2021
By Iris Barker
Economics
European indices post their worst monthly result since the beginning of the year
European stock indexes declined in September, showing the worst monthly dynamics since the beginning of this year, trading data showed.
Published on October 1, 2021
By Iris Barker
Science & Technology
Visa is working on a digital currency transfer project
US payments system Visa is working on a 'Universal Payment Channel' (UPC) designed to enable interoperability between different blockchain networks for the transfer of stablercoins and central bank digital currencies…
Published on October 1, 2021
By Iris Barker
World & Politics
UN calls for a harmonised approach to data management
Approaches to managing data flows and the digital economy as a whole vary widely among leading countries, according to a UN Conference on Trade and Development (UNCTAD) report published yesterday.
Published on September 30, 2021
By Iris Barker
Economics
OPEC forecasts timing of decline in global oil demand
Global oil demand will start to decline after 2035, OPEC expects. Long-term oil demand growth will be limited by the growing number of electric vehicles.
Published on September 30, 2021
By Iris Barker
Business & Finance
Bloomberg: Solar Industry Association considers new duties by the US Department of Commerce a threat
The Solar Industry Association has called the tariff increase a "threat to the industry". According to Bloomberg, a group of US companies has warned that the duties, which the US…
Published on September 29, 2021
By Iris Barker
Science & Technology
Ford to invest record $7B in electric vehicles in the US
US carmaker Ford said it will invest $11.4bn with South Korea's SK Innovation to build plants in the US to produce batteries for electric cars, as well as a new…
Published on September 28, 2021
By Iris Barker
Management
Ferrari signs contract with former chief designer of Apple
Former Apple design director Jony Ive and his colleague Mark Newson have signed a multi-year collaboration agreement with Ferrari and the Dutch holding company Exor, which partly owns the carmaker.…
Published on September 28, 2021
By Iris Barker
Economics
US retailers face paper shortages
A paper shortage has occurred in the US due to a decline in paper production in North America during the coronavirus pandemic. A paper production crisis has hit US retailers,…
Published on September 27, 2021
By Iris Barker
Business & Finance
Alibaba invests in Singapore start-up Ninja Van
Alibaba has invested in Ninja Van, a logistics company operating in Asia. New funding round could lift the startup's valuation well above $1bn.
Published on September 27, 2021
By Iris Barker
Economics
Major independent oil trader expects oil price to rise above $80 in winter
The price of oil may exceed $80 per barrel this winter, says the head of Vitol, the largest independent oil trader. He also expects global oil demand to rise amid…
Published on September 24, 2021
By Iris Barker
Economics
Global steel production rises in eight months
Global steel production totalled 1.322 billion tonnes in January-August 2021, up 10.6% year-on-year, according to the World Steel Association (WSA).
Published on September 24, 2021
By Iris Barker
