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Iris Barker


Nissan to build two plants to produce batteries for electric cars

Japanese automaker Nissan Motor is investing more than 200 billion yen ($1.8 billion) to build two new plants to produce batteries for electric cars. This was reported by Nikkei Asiaโ€ฆ
Published on May 30, 2021
By Iris Barker

Bill and Melinda Gates foundation to change management structure after Gates’ divorce

The management structure of the Bill & Melinda Gates Foundation will change after their divorce, according to The Wall Street Journal.
Published on May 30, 2021
By Iris Barker

US fintech start-up Acorns to go public via $2.2B SPAC merger

US fintech start-up Acorns has announced that it will go public via a merger with a specialist target mergers and acquisitions (SPAC) company.
Published on May 27, 2021
By Iris Barker

Hong Kong residents are chasing UK visas for locals

In the two months of February and March, Hong Kong residents applied for 34,300 British visas under the new rules, which came into effect at the end of January. Theseโ€ฆ
Published on May 27, 2021
By Iris Barker

US will hold Amazon accountable for price hikes

Washington Attorney General Karl Racine has announced the filing of an antitrust lawsuit against Amazon Corporation. He said the company's policies were driving up prices for consumers, CNBC reported.
Published on May 26, 2021
By Iris Barker

Marks & Spencer closes shops after loss-making year

UK retailer Marks & Spencer (M&S) reported its fiscal year 2020/21, which ended in early April. It posted a loss of ยฃ201.2m ($285.1m) for the period, compared with a profitโ€ฆ
Published on May 26, 2021
By Iris Barker

Electronics prices to rise further due to water shortages

An increase in chip supply disruptions and higher prices for electronics and cars around the world could come from climate problems in Taiwan.
Published on May 25, 2021
By Iris Barker

Suez Canal clears 34 Ever Given vessels after unblocking

The Suez Canal has cleared 34 vessels of the container ship owner Ever Given after the six-day blockage incident in late March, Suez Canal Authority spokesman George Safwat told.
Published on May 25, 2021
By Iris Barker

Goldman Sachs expects oil prices to rise to $80 a barrel

Goldman Sachs expects oil prices to rise to $80 per barrel as early as the fourth quarter of 2021. According to analysts, even the easing of sanctions against Iran willโ€ฆ
Published on May 24, 2021
By Iris Barker

Dior owner tops list of world’s richest billionaires

Owner of Dior and Louis Vuitton has overtaken the founder of Amazon to top the list of the world's richest billionaires, updated in real time. His fortune has grown byโ€ฆ
Published on May 24, 2021
By Iris Barker

Nine people become billionaires thanks to COVID vaccines

Sales of coronavirus vaccines have allowed nine owners of the companies that produce them to make billions, CNN reports.
Published on May 23, 2021
By Iris Barker

Iran is still counting on a favourable outcome in talks with the US

At the end of the last week, the deadline Iran had given to the international community to reach a compromise on the nuclear deal expired. For now, however, Tehran isโ€ฆ
Published on May 23, 2021
By Iris Barker

European Parliament freezes investment agreement with China

Members of the European Parliament approved by a majority vote a resolution that effectively freezes preparation and ratification of a new EU investment agreement with China because of Beijing's earlierโ€ฆ
Published on May 20, 2021
By Iris Barker

Tencent reports 65% quarter-on-quarter profit growth

Tencent, the largest gaming company by revenue, reported better than analysts' forecasts for the first quarter of 2021.
Published on May 20, 2021
By Iris Barker

UK government to pay elderly farmers up to $140,000 for retirement

The UK government will pay up to $140,000 to farmers in England for agreeing to retire. London sees some elderly farmers as opponents of organic farming methods and is tryingโ€ฆ
Published on May 19, 2021
By Iris Barker

Experts warn of the risk of bankruptcy surge in German business sector

Germany's corporate sector crisis is far from over and one of Europe's key economies could face a spike in a string of bankruptcies in the next few months, according toโ€ฆ
Published on May 19, 2021
By Iris Barker

Nvidia will limit ability to mine Ethereum on new graphics cards

Nvidia will limit the ability to mine Ethereum cryptocurrency on its new RTX 3080, 3070 and 3060 Ti graphics cards. This is so that the graphics accelerators can "get intoโ€ฆ
Published on May 18, 2021
By Iris Barker

Business activity in China slumps to pre-pandemic levels

Business activity in China slumped to pre-pandemic levels, according to industrial output and retail sales figures. According to the country's National Bureau of Statistics, industrial output growth slowed to 9.8%โ€ฆ
Published on May 18, 2021
By Iris Barker

Iran is getting ready for lifting US sanctions

Iran is preparing for the possible lifting of US sanctions and a return to the nuclear deal: the country is looking to boost oil exports on that backdrop, Bloomberg says.
Published on May 17, 2021
By Iris Barker

Fitch warns of dangers of digital currencies to financial systems

International rating agency Fitch Ratings recognises the obvious benefits of digital currencies, but warns that there are risks that could harm financial systems, the agency said in a statement.
Published on May 17, 2021
By Iris Barker

Green goods manufacturers accused of oppressing Chinese

Companies manufacturing components for solar panels are accused of exploiting the Chinese. In particular, according to CNN, the issue is the use of human labour by the population of theโ€ฆ
Published on May 16, 2021
By Iris Barker

WarnerMedia-Discovery mergers to create the biggest streaming video company

WarnerMedia's anticipated merger with Discovery would create a new $150bn streaming giant. The new company would be public, with AT&T and Discovery shareholders owning its shares.
Published on May 16, 2021
By Iris Barker

Coinbase increases profit 24 times year-on-year

The largest cryptocurrency exchange, Coinbase, has reported financial results for the first time since its April listing. The company reported first-quarter net income of more than $771 million, more thanโ€ฆ
Published on May 13, 2021
By Iris Barker

Bloomberg: Binance investigated by US tax officials and prosecutors

The Department of Justice and the US Internal Revenue Service (IRS) have launched an investigation into one of the largest cryptocurrency exchanges, Binance. The investigation into the cryptocurrency trading platformโ€ฆ
Published on May 13, 2021
By Iris Barker

US consumer prices in April show the strongest increase since 2008

US consumer goods prices rose by 4.2% in April compared to the same period in 2020. Such data was published by the US Department of Labour. It is the mostโ€ฆ
Published on May 12, 2021
By Iris Barker

SoftBank reports record profits for the year

Japan's SoftBank Group reported its fiscal year 2020, which ended at the end of March.
Published on May 12, 2021
By Iris Barker

IEA: Green economy sets a record

The green economy set a new record in 2020, the International Energy Agency (IEA) has calculated. Electricity production from renewable sources has grown at the fastest rate in the pastโ€ฆ
Published on May 11, 2021
By Iris Barker

Petrol prices rise in the US after pipeline attack

The cost of petrol in the US after a hack attack on the Colonial Pipeline, which supplies fuel to the East Coast, has approached the highs of November 2014. Accordingโ€ฆ
Published on May 11, 2021
By Iris Barker

Clubhouse launches an Android app in the US

Clubhouse has released the official beta version of the app for Android devices. For now, it is only available in the US, but users from other countries can pre-register onโ€ฆ
Published on May 10, 2021
By Iris Barker

Moody’s cites ageing people as reason for slower economic growth

Analysts at Moody's have concluded that an ageing world population will be reducing global economic growth by 0.9 percentage points a year over five years, from 2020 to 2025.
Published on May 10, 2021
By Iris Barker

Goldman Sachs sets up a division for cryptocurrency trading

Goldman Sachs has become the first major US investment bank to establish a cryptocurrency trading desk. The team has already successfully traded two types of bitcoin-related derivatives.
Published on May 9, 2021
By Iris Barker

Adidas head expects casual fashion boom once people return to office after COVID

Employees who work from home "in flip-flops and tracksuits" will be difficult to persuade to return to formal wear, says the head of Adidas. He believes that after the pandemic,โ€ฆ
Published on May 9, 2021
By Iris Barker

Pfizer’s first-quarter net profit rises 1.5 times

Net profit of pharmaceutical company Pfizer Inc. attributable to shareholders in the first quarter of 2021 rose almost 1.5 times to $4.877 billion, according to the financial statements of theโ€ฆ
Published on May 4, 2021
By Iris Barker

Pandora refuses natural diamonds, opts for synthetic gemstones

Jewellery house Pandora, which produces the largest amount of jewellery in the world, will no longer use natural diamonds. The brand is abandoning another natural material for ethical reasons, AlJazeeraโ€ฆ
Published on May 4, 2021
By Iris Barker

New lockdown in Germany brings down Eurozone’s economy

Restrictions due to the third wave of the coronavirus in Germany have dragged other eurozone countries into the crisis, Deutsche Welle wrote, citing a report from the Federal Statistical Office.
Published on May 4, 2021
By Iris Barker

Euler Hermes: Europe expects consumer boom

Insurance company Euler Hermes predicts an imminent consumer boom in Europe.
Published on May 2, 2021
By Iris Barker

General Electric cuts its stake in Baker Hughes

US diversified technology group General Electric Co. (GE) has reduced its stake in US oilfield services company Baker Hughes.
Published on May 2, 2021
By Iris Barker

EU-UK trade agreement to come into force on 1 May

The EU has completed the ratification procedure for the trade and cooperation agreement with the UK and it will finally enter into force on 1 May, the EU Council saidโ€ฆ
Published on April 29, 2021
By Iris Barker

Chinese watchdogs order corporations to bring financial services in line with law

Chinese authorities have demanded that the country's 13 IT corporations make changes to their financial services business, The Wall Street Journal reports. Watchdogs have deemed their services risky and inโ€ฆ
Published on April 29, 2021
By Iris Barker

Zuckerberg bets on digital payments amid growing ads restrictions

Facebook will respond to targeted advertising limitations with new payment and e-commerce technologies across all of its apps and support for social media content creators.
Published on April 28, 2021
By Iris Barker

Boeing ends sixth consecutive quarter with a loss

US aerospace corporation Boeing presented its first quarter results: the company's revenues fell by 10% year-on-year to $15.2bn.
Published on April 28, 2021
By Iris Barker

Tesla makes millions in profits from bitcoin sales

Elon Musk's first-quarter financial statements show that bitcoins worth $272 million were sold at the end of March, with a profit of $101 million.
Published on April 27, 2021
By Iris Barker

General Electric reports first-quarter net loss

The US diversified technology group General Electric Co. (GE) posted a net loss of $2.874 billion last quarter, compared with a profit of $6.156 billion in the same period aโ€ฆ
Published on April 27, 2021
By Iris Barker

Jessica Alba’s company aims for $1.5B valuation in IPO

The Honest Company, founded by actress Jessica Alba, is set to raise $1.5bn in its IPO. The company, which sells nappies and self-care products, could raise about $110m.
Published on April 26, 2021
By Iris Barker

China launches investigation into the country’s largest online food delivery service

China's State Administration of Market Regulation (SAMR) announced that it has launched an antitrust investigation into the country's largest online food delivery service, Meituan.
Published on April 26, 2021
By Iris Barker

Experts: Europe’s economy exceeds forecasts

Economic growth in the Eurozone has surpassed experts' expectations as the region has shown a high rate of recovery from the effects of the COVID-19 pandemic, CNBC reports.
Published on April 25, 2021
By Iris Barker

Zimbabwe to issue elephant hunting licences to combat economic crisis

The Zimbabwean authorities have decided to sell licenses to kill elephants as part of their fight against the economic crisis associated with the coronavirus pandemic, CNN reports.
Published on April 25, 2021
By Iris Barker

Biden gives tax breaks to companies that incentivise their employees to get vaccinated

On 21 April, US President Joseph Biden instructed the US Internal Revenue Service to develop a mechanism to provide tax credits to US companies that incentivise their employees to beโ€ฆ
Published on April 22, 2021
By Iris Barker

South Korea stops funding coal-fired power plants abroad

South Korea will stop funding coal-fired power plants abroad, President Moon Jae-in said Thursday at a virtual climate summit.
Published on April 22, 2021
By Iris Barker

World’s largest economies lose 7.1% of GDP due to lockdowns

Lockdowns and other restrictive measures during the pandemic cost the largest economies an average of 7.1 percentage points of GDP, according to a joint review by ACRA and Chinese ratingโ€ฆ
Published on April 21, 2021
By Iris Barker
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