Iris Barker
Economics
Experts see a threat in global economic recovery
Carbon (CO2) emissions will increase by almost five per cent this year (1.5 billion tonnes more than in 2020). This would be the second biggest increase in history, the Internationalโฆ
Published on April 21, 2021
By Iris Barker
Economics
Smartphones supplies hit record high in China, 5G phones on the rise
Mobile phone shipments in China rose 65.9 per cent year-on-year to 36.09 million units last month, the Chinese Academy of Information and Communication Technology (CAICT) said, quoted by Xinhua newsโฆ
Published on April 21, 2021
By Iris Barker
Business & Finance
Zoom launches $100m investment fund
Zoom has launched a $100 million venture capital fund to invest in startups that leverage the video service's capabilities in their businesses. Zoom wants to build an ecosystem of applicationsโฆ
Published on April 19, 2021
By Iris Barker
Business & Finance
Bank of England examines feasibility of issuing digital currency
The Bank of England announced a joint working group with the Treasury to examine the feasibility of issuing a UK central bank digital currency (CBDC).
Published on April 19, 2021
By Iris Barker
Economics
China’s economy hits record high
China's GDP showed a record 18.3% year-on-year growth in the first quarter, but the quarterly trend was worse than expected - the indicator improved by only 0.6%.
Published on April 18, 2021
By Iris Barker
Business & Finance
Experts warn of shortage of hard drives due to a new cryptocurrency
The growing popularity of the new cryptocurrency ChiaCoin could lead to a shortage of hard drives around the world, analysts forecast.
Published on April 18, 2021
By Iris Barker
Science & Technology
DJI’s new drone gets 5K resolution camera
China's Da-Jiang Innovations (DJI), the world's largest manufacturer of consumer drones, has unveiled the Air 2S aerial drone. It will be the successor to the DJI Mavic Air 2 model.
Published on April 15, 2021
By Iris Barker
World & Politics
US CDC: About 5,800 Americans fell ill after being vaccinated against COVID-19
The US Centers for Disease Control and Prevention (CDC), the country's chief public health watchdog, told CNN about 5,800 US citizens who were fully vaccinated against COVID-19 but still gotโฆ
Published on April 15, 2021
By Iris Barker
Economics
Aluminium price jumps to highest in almost three years
The aluminum price jumped to the highest level in almost three years amid Chinese trade data, which eased concerns about demand prospects, trade data shows.
Published on April 14, 2021
By Iris Barker
Economics
US Federal Reserve to start cutting back on bond purchases
The US Federal Reserve (Fed) will reduce asset purchases in the market as macro indicators improve, which is likely to happen well in advance of a decision to raise interestโฆ
Published on April 14, 2021
By Iris Barker
Business & Finance
Taxi aggregator Grab announces details of its IPO on NASDAQ
Singapore-based taxi aggregator Grab, popular in Asia, officially announced preliminary parameters for its initial public offering in the US, which was previously only known with reference to media sources.
Published on April 13, 2021
By Iris Barker
Business & Finance
Air Canada to receive $4.7 billion in government aid
Air Canada and the Canadian government have agreed on a $4.7 billion financial aid package for the carrier.
Published on April 13, 2021
By Iris Barker
World & Politics
UN calls for extension of debt freeze for poor countries
UN Secretary-General Antรณnio Guterres has called for a 2022 extension of the deferral of debt payments to poor countries.
Published on April 12, 2021
By Iris Barker
Economics
USA is speeding up work on the digital dollar
US President Joe Biden's administration has become more active in exploring the creation of a digital dollar amid China's plans for a digital yuan, sources familiar with the situation toldโฆ
Published on April 12, 2021
By Iris Barker
Business & Finance
Saudi Aramco sells 49% of its new subsidiary
Saudi oil and gas company Saudi Aramco has agreed to sell 49% in its new subsidiary Aramco Oil Pipelines Company to a consortium led by US-based EIG Global Energy Partnersโฆ
Published on April 11, 2021
By Iris Barker
Business & Finance
Microsoft may buy AI technology developer for $16B
The US corporation Microsoft is in talks to buy Nuance Communications, an artificial intelligence and voice recognition technology company, Bloomberg reported citing sources. According to the agency, the deal isโฆ
Published on April 11, 2021
By Iris Barker
Economics
Japan, US agree to secure semiconductor supplies amid shortages
Japan and the US have agreed to ensure the continued supply of semiconductors amid a global shortage that is affecting primarily automotive production.
Published on April 8, 2021
By Iris Barker
Science & Technology
Apple postpones MacBook and iPad releases due to lack of chips and displays
Apple has been forced to postpone the release of some MacBook laptops and iPad tablets due to component shortages. This was reported by Nikkei Asia citing informed sources.
Published on April 8, 2021
By Iris Barker
World & Politics
G20 finance ministers back US idea of a single minimum tax for businesses
G20 finance ministers have tentatively backed the US Treasury's idea of a uniform minimum tax rate for businesses worldwide. They plan to reach consensus on the new rules by mid-year.
Published on April 7, 2021
By Iris Barker
Economics
JPMorgan chief forecasts post-pandemic boom in US economy
The US may expect an economic boom after the end of the pandemic, says Jamie Dimon, head of JPMorgan Chase. He said this in his annual letter to shareholders publishedโฆ
Published on April 7, 2021
By Iris Barker
World & Politics
WHO: Number of deaths from COVID-19 grows by 11% in a week worldwide
More than 4 million new cases of coronavirus have been detected worldwide over the past week, the World Health Organization (WHO) has reported. This is 5% more than in theโฆ
Published on April 6, 2021
By Iris Barker
Management
Credit Suisse announces management resignation over Greensill and Archegos Capital scandals
Swiss bank Credit Suisse has announced a management reshuffle, a cut in its year-end dividend and the scrapping of bonus payments to its board members. All of these decisions areโฆ
Published on April 6, 2021
By Iris Barker
Business & Finance
Cryptocurrency market capitalisation exceeds $2T for the first time
The total market capitalisation of cryptocurrencies has reached $2 trillion, a record high.
Published on April 5, 2021
By Iris Barker
Economics
S&P 500, Dow Jones rise to record highs on labour market and services news
On 5 April, the S&P 500 and Dow Jones US stock indices hit new all-time highs, with the S&P 500 up 1.4% to 4,077 points and the Dow Jones upโฆ
Published on April 5, 2021
By Iris Barker
Business & Finance
LG leaves mobile phones market
South Korea's LG Electronics has announced that it will stop manufacturing and selling smartphones. The company entered the market in 2013 and became the world's third-largest smartphone manufacturer after Samsungโฆ
Published on April 5, 2021
By Iris Barker
Business & Finance
Record number of tech IPOs cancelled due to campaign against Alibaba founder
The Financial Times estimates that Chinese fintech companies have been abandoning their IPOs en masse following the scandalous cancellation of fintech company Ant Group's IPO. Ant Group is a divisionโฆ
Published on April 5, 2021
By Iris Barker
Business & Finance
Tesla customers lose tens of thousands of dollars because of double payments mistake
The ัar giant debited tens of thousands of dollars from bank accounts without customers' permission or warning.
Published on April 1, 2021
By Iris Barker
Economics
FT: China was lending to other countries on secret terms
China was lending to developing countries on secret terms that put other lenders at a disadvantage and gave China an advantage. The Financial Times reports this, citing an expert report.
Published on April 1, 2021
By Iris Barker
Economics
Gold prices suffer worst losses since 2016
At the end of the quarter, the drop was the largest since Q4 2016.
Published on March 31, 2021
By Iris Barker
Economics
WTO improves expectations for recovery growth
World trade is recovering faster than previously expected - after falling by 5.3% in 2020, physical growth could reach 8% this year, according to an updated World Trade Organization (WTO)โฆ
Published on March 31, 2021
By Iris Barker
Business & Finance
PayPal launches cryptocurrency payments
PayPal added the option of paying for goods and services in cryptocurrencies for US customers. After confirming the transaction, the service will exchange the cryptocurrency for regular dollars at itsโฆ
Published on March 30, 2021
By Iris Barker
Science & Technology
Virgin Galactic unveils new VSS Imagine spacecraft
Virgin Galactic, part of Richard Branson's Virgin Group, has unveiled its new Spaceship VSS Imagine.
Published on March 30, 2021
By Iris Barker
World & Politics
Over 20 leaders call for international pandemic treaty
More than 20 politicians - among them French President Emmanuel Macron and German Chancellor Angela Merkel - have called for a new international treaty aimed at combating pandemics and improvingโฆ
Published on March 30, 2021
By Iris Barker
Business & Finance
French court fines Servier โฌ2.7 million for a drug causing hundreds of deaths
A high court in Paris has handed down a verdict in one of the most high-profile cases in France's pharmaceutical industry, Le Figaro reports.
Published on March 30, 2021
By Iris Barker
World & Politics
Suez Canal Administration allows possibility of unloading Ever Given aground
The Suez Canal Authority is preparing for a scenario to unload the stranded container ship Ever Given, the canal's head of administration Osama Rabie told Al-Arabiya TV.
Published on March 28, 2021
By Iris Barker
Business & Finance
Goldman Sachs arranges $10.5B sell-off
Goldman Sachs, one of the world's largest investment banks, sold off shares in eight companies for a total of $10.5 billion on Friday, Bloomberg reported.
Published on March 28, 2021
By Iris Barker
Economics
Bloomberg warns of toilet paper shortages in the world
A shortage of ships carrying raw materials from South America could cause a global shortage of toilet paper, Bloomberg reports.
Published on March 25, 2021
By Iris Barker
World & Politics
Macron: COVID-19 vaccine rivalry a new kind of world war
Europe is facing a new type of world war over the actions of Russia and China in supplying vaccines against COVID-19, French President Emmanuel Macron said. In his view, Europeanโฆ
Published on March 25, 2021
By Iris Barker
Business & Finance
Chinese taxi service DiDi aims for $100B IPO in New York
China's largest taxi service Didi is leaning towards choosing New York for its initial public offering and expects the company to be valued at $100bn in an IPO.
Published on March 24, 2021
By Iris Barker
Business & Finance
Intel will spend $20bn to build new chip plants
New Intel CEO Pat Gelsinger announced that the company will allocate $20bn to build two new microprocessor plants.
Published on March 24, 2021
By Iris Barker
Economics
U.S. new home sales fall lower than forecast in February
Sales of new homes in the U.S. in February fell 18.2% from the revised January figure to 775,000, according to the U.S. Commerce Department's Census Bureau.
Published on March 24, 2021
By Iris Barker
Business & Finance
Geely Automobile’s annual profit falls by 32%
Chinese holding Geely Automobile reported a 32% drop in profits for 2020, saying that the company's performance was affected by the COVID-19 pandemic.
Published on March 24, 2021
By Iris Barker
Business & Finance
ByteDance buys game developer Mooton Technology
Chinese company ByteDance, which owns video service TikTok, is buying game developer Mooton Technology, Reuters reported, citing a statement from the company.
Published on March 22, 2021
By Iris Barker
Economics
IMF: Global economy is growing faster
The International Monetary Fund (IMF) said that the global economy is recovering faster than previously forecast. This was stated by First Deputy Head of the IMF Geoffrey Okamoto.
Published on March 22, 2021
By Iris Barker
Business & Finance
$29B-worth rail operators merger takes place in North America
Canadian Pacific Railway is buying US rival Kansas City Southern, the companies announced.
Published on March 22, 2021
By Iris Barker
Business & Finance
Experts: Cybercriminals step up attacks on wealthy investors
Cybercriminals have begun to target family offices that manage the wealth of wealthy investors more frequently. They have weaker defences than banks, making them easier targets for criminals.
Published on March 18, 2021
By Iris Barker
Management
Google to spend $7bn to create 10,000 jobs in the US
Google will invest $7 billion to expand its business in the United States, The Wall Street Journal reports.
Published on March 18, 2021
By Iris Barker
Business & Finance
Chinese online retailer Pinduoduo overtakes Alibaba in users number
Chinese online retailer Pinduoduo has published its financial statements for 2020 - the information that attracted the most attention from investors and the media was that the number of activeโฆ
Published on March 17, 2021
By Iris Barker
Economics
SPAC IPOs volume in the US surpasses all 2020 results in two and a half months
Since the start of this year, SPAC IPOs in the US have totalled $85.9bn - more than the full year 2020 in less than three months. This is data fromโฆ
Published on March 17, 2021
By Iris Barker
Economics
Survey: Investors no longer see the pandemic as a major threat to markets
For the first time since the pandemic, investors no longer see the coronavirus as a major threat to markets. Investment fund managers surveyed by Bank of America rather fear risingโฆ
Published on March 16, 2021
By Iris Barker
