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Iris Barker


Henley & Partners: number of overseas trips remains low

International mobility remains extremely difficult, according to a new passport ranking by consultancy Henley & Partners.
Published on July 5, 2021
By Iris Barker

Wall Street banks make over $650M on IPOs in a week

Last week was the most active week for initial public offerings on US exchanges since 2004. 14 firms earned at least $100m each and Wall Street banks earned $650m onโ€ฆ
Published on July 5, 2021
By Iris Barker

European capitals to compete for ‘green crown’

According to Jamie Dimon, CEO of the US investment bank JPMorgan Chase, quoted by CNBC, leading European towns, particularly Paris and London, would be contending for the title of environmentalโ€ฆ
Published on July 4, 2021
By Iris Barker

Tesla sidesteps one of the world economy’s biggest problems

Electric car maker Tesla was able to double its sales in spring 2021 compared to the same period a year earlier and sidestep one of the world economy's biggest problems,โ€ฆ
Published on July 4, 2021
By Iris Barker

Top-selling cigarette brand owner to buy nicotine gum maker

Philip Morris, which owns the Marlboro cigarette brand, has agreed to buy nicotine gum maker Fertin Pharma for $813m. The deal should help one of the tobacco market's biggest playersโ€ฆ
Published on July 1, 2021
By Iris Barker

Nissan to invest ยฃ1bn in UK electric car battery plant

Japanese carmaker Nissan has announced the start of construction of the UK's largest battery factory for electric vehicles in Sunderland.
Published on July 1, 2021
By Iris Barker

Study: Hackers stole over $100M from blockchain systems in Q1

Hackers stole $108.3 million in the first quarter of 2021 from users of various blockchain projects around the world, according to research from Atlas VPN, an information security company.
Published on July 1, 2021
By Iris Barker

Microchip shortage leads to nearly 20% drop in car production in Japan

A shortage of microchips resulted in a sharp drop in car production in Japan and a significant drop in industrial production in the country as a whole.
Published on July 1, 2021
By Iris Barker

China’s Didi expects market cap of $67B at its IPO in New York

Chinese holding company Xiaoju Kuaizhi, which owns taxi service Didi, held a quick roadshow ahead of Wednesday's IPO on the New York Stock Exchange. According to its results, the companyโ€ฆ
Published on June 29, 2021
By Iris Barker

Bloomberg: Saudi Aramco may raise oil prices for Asia

Saudi Arabia's state-owned oil and gas company Saudi Aramco could raise August oil prices for Asian buyers, according to Bloombergโ€™s survey.
Published on June 29, 2021
By Iris Barker

Australia initiates WTO dispute with China over wine duties

Australia asked the World Trade Organisation (WTO) to start consultations with China over China's anti-dumping duties on Australian bottled wine, the WTO press office said.
Published on June 28, 2021
By Iris Barker

Glencore to buy partners’ stakes in world’s biggest coal mine

Switzerland's Glencore has accepted an offer from partners in the world's largest Colombian coal mine, Cerrejon, to buy out their stake in the venture. Thus, the company will own 100%โ€ฆ
Published on June 28, 2021
By Iris Barker

Musk’s fortune grows by $10bn in a week

The fortune of Elon Musk increased by almost $10bn last week as shares in the Tesla carmaker surged. The company's stock surged after the Biden administration agreed an infrastructure upgradeโ€ฆ
Published on June 27, 2021
By Iris Barker

Spain allows to walk around without masks

The Spanish authorities have allowed their citizens to walk outdoors without medical masks due to a reduction in new cases of the coronavirus infection. This was reported by The Localโ€ฆ
Published on June 27, 2021
By Iris Barker

“LinkedIn for Doctors” doubles its market capitalisation during IPO

Doximity, known as the contact network for healthcare professionals, pumped its market value in its first trading day on the stock exchange. The company raised about $500mln during its IPOโ€ฆ
Published on June 24, 2021
By Iris Barker

Visa buys Swedish fintech startup Tink for โ‚ฌ1.8B

Visa has announced the purchase of Swedish fintech platform Tink. The deal will be valued at โ‚ฌ1.8bn.
Published on June 24, 2021
By Iris Barker

Bank for International Settlements: Private cryptocurrencies are dangerous for state currencies

The Bank for International Settlements (BIS) said it fully supports the efforts of nations around the world to develop central bank digital currencies and the need to modernise financial systems,โ€ฆ
Published on June 23, 2021
By Iris Barker

Tesla’s Chinese rival expects to raise up to $2B in Hong Kong IPO

Chinese electric car maker Xpeng Motors, whose shares are traded in the US, has received approval of its IPO bid on the Hong Kong Stock Exchange. It plans to raiseโ€ฆ
Published on June 23, 2021
By Iris Barker

Amazon continues to be the most expensive brand in the world

One of the world's largest online retailers, Amazon, has retained its title as the most expensive brand, up 64% year-on-year to $683.8 billion, according to a Kantar BrandZ study.
Published on June 22, 2021
By Iris Barker

PayPal, Visa to invest in blockchain fund

International payment service PayPal and Visa Inc. one of the world's two largest bank card companies, are investing in a $300 million Crypto VC blockchain fund, Coindesk reported, citing confirmationโ€ฆ
Published on June 22, 2021
By Iris Barker

No more than 10,000 spectators are allowed to the Tokyo Olympics

Spectators will still be allowed to the stands during this year's Tokyo Olympics.
Published on June 21, 2021
By Iris Barker

Ireland calls for compromise on flat corporate tax

Ireland, where Apple and Google have their European offices, has called for a compromise on a flat tax rate for international corporations.
Published on June 20, 2021
By Iris Barker

Australia to complain to WTO over China’s tariffs

Australia will file a complaint with the World Trade Organisation (WTO) to launch a dispute resolution process with China over its imposition of anti-dumping duties on Australian wine, Australian Tradeโ€ฆ
Published on June 20, 2021
By Iris Barker

Cost of COVID-19 vaccine developer drops 50% after failed trial

German pharma company CureVac lost more than half its market value after its coronavirus vaccine showed only 47% efficacy. The company's development was previously backed by Elon Musk.
Published on June 17, 2021
By Iris Barker

US Fed gets ready for high inflation

The US Federal Reserve (Fed) left its key rate at 0-0.25% p.a. at the end of the June meeting. The regulator also refrained from any changes to asset purchases, butโ€ฆ
Published on June 17, 2021
By Iris Barker

US IPO stock market results break 2020 record

Initial public offerings (IPOs) show no signs of going down. In over than 6 months to the end of 2021, US IPOs have already reached $171bn, up $3bn from lastโ€ฆ
Published on June 16, 2021
By Iris Barker

WSJ: Apple planned to enter the primary care market

Apple has been working on a subscription-based primary health care system since 2016, The Wall Street Journal reports, citing documents and sources.
Published on June 16, 2021
By Iris Barker

France fines IKEA $1.2m for spying on employees

A court in France has ordered IKEA to pay a $1.2m fine for spying on its employees. The world's largest furniture retailer has been found guilty of improperly collecting andโ€ฆ
Published on June 15, 2021
By Iris Barker

Ex-wife of Amazon CEO donates $2.7 billion to various organisations

Mackenzie Scott, the ex-wife of the world's richest man in the world Jeff Bezos, has announced her decision to donate nearly $2.74 billion to 286 organisations.
Published on June 15, 2021
By Iris Barker

Philips recalls 4 million ventilators due to cancer risk

Philips, a Dutch company, has announced a recall of a number of its breathing devices, ventilators and sleep apnoea (temporary respiratory arrest) machines.
Published on June 14, 2021
By Iris Barker

Reuters: Shell sets to sell $10bn worth of oil fields in the US

The British-Dutch company Royal Dutch Shell is considering selling its assets in the Permian Basin, the largest oil-bearing basin in the US, located in the states of Texas and Newโ€ฆ
Published on June 14, 2021
By Iris Barker

Conflict over oil extraction erupts in Norway

Norway, which positions itself as a progressive and environmentally friendly country, is Western Europe's largest producer of oil and gas. The electric car capital of the world (per capita) producesโ€ฆ
Published on June 13, 2021
By Iris Barker

Global investors call on G7 countries to become greener

The world's largest investment companies have written to their leaders to accelerate reductions in greenhouse gas emissions. Higher commitments would also make national economies more attractive for investment, they said.
Published on June 13, 2021
By Iris Barker

GDP in G20 region is back to pre-crisis levels

GDP of the G20 region returned to its pre-pandemic level in the first quarter of 2021, according to the Organisation for Economic Co-operation and Development (OECD).
Published on June 10, 2021
By Iris Barker

Thousands of people take to the streets in Greece to protest against possible four-day workweek

Greece's major trade unions went on strike, leading to a halt in public transport. The reason was the forthcoming labour reform to move to a flexible schedule with a four-dayโ€ฆ
Published on June 10, 2021
By Iris Barker

Technology companies are thinking about introducing holograms into everyday work

IT companies, including Microsoft, Google and WeWork, have been busy creating technology to enable the use of holograms in everyday communication. This could help employers who are gradually bringing employeesโ€ฆ
Published on June 9, 2021
By Iris Barker

El Salvador becomes the first country in the world to recognise bitcoin as national currency

El Salvador's congress overwhelmingly approved a bill introduced by the president to recognise bitcoin as an official currency. The small Central American country thus became the first in the worldโ€ฆ
Published on June 9, 2021
By Iris Barker

World Bank expects record post-recession growth

The World Bank (WB) expects the global economy to grow by 5.6% in 2021. This will be the highest rate in 80 years since the recession.
Published on June 8, 2021
By Iris Barker

China stages crackdown on private education industry

Chinese authorities have staged a collapse of the multi-billion-dollar online education industry. The bans have affected major companies that have created a private tutoring "empire" in the country over severalโ€ฆ
Published on June 8, 2021
By Iris Barker

Guardian: G7’s historic corporate tax agreement has a huge gap

There is a huge gap in the G7 countries' historic agreement to collect higher taxes from the world's biggest companies.
Published on June 7, 2021
By Iris Barker

Johnson calls on G7 leaders to vaccinate the world by the end of 2022

Prime Minister Boris Johnson has decided to call on G7 leaders - Canada, France, Germany, Italy, Japan and the United States - to vaccinate the entire world against the coronavirusโ€ฆ
Published on June 6, 2021
By Iris Barker

Manchester United fans will be able to buy a voting stake in the club

Manchester United owners will allow fans to buy shares in the football team with the same voting rights as they do. This is needed to "appease the anger" of fansโ€ฆ
Published on June 6, 2021
By Iris Barker

Trains in Germany to switch to wind and solar energy

German trains are to be completely switched to renewable energy sources. The emissions from Germany's rail system will be kept to a minimum by 2038, Deutsche Welle (DW) writes.
Published on June 3, 2021
By Iris Barker

Major meat producer resumes factory operations after cyberattack

Major meat producer JBS said it has fully restored all factory operations following the cyber-attack.
Published on June 3, 2021
By Iris Barker

Microchips shortage enriches chip makers

Revenues for the world's top 10 chipmakers rose at a record high in the first quarter of 2021 amid a global shortage of such products, according to a study byโ€ฆ
Published on June 2, 2021
By Iris Barker

Analyst: Oil prices are about to reach the peak

The oil market is in the final phase of its growth cycle and prices could soon peak, said Norbert Rรผcker, head of Next Generation futures research at Swiss bank Juliusโ€ฆ
Published on June 2, 2021
By Iris Barker

Permission to have three children in China pushes up local baby products manufacturers

Shares in Chinese children's goods manufacturers have risen sharply after the authorities allowed families to have three children, rather than a maximum of two as before. The authorities changed theโ€ฆ
Published on June 1, 2021
By Iris Barker

Krispy Kreme gives away over 1.5 million donuts to vaccinated Americans

Krispy Kreme has handed out more than 1.5 million donuts in two months as part of a promotion for vaccinated visitors. The company promised all vaccinated guests one free doughnutโ€ฆ
Published on June 1, 2021
By Iris Barker

Australian Qantas offers unlimited flights for vaccinated passengers

Qantas airlines have offered vaccinated passengers unlimited flights for a year for the whole family and other bonuses. Australian businesses are concerned that the sluggish pace of vaccination could undermineโ€ฆ
Published on May 31, 2021
By Iris Barker

UN: COVID-19 hit tourism industry hardest

Tourism and related businesses have been hit hardest by the pandemic.
Published on May 31, 2021
By Iris Barker
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