Iris Barker
Business & Finance
Purdue Pharma unveils new plan to emerge from bankruptcy
US pharmaceutical company Purdue Pharma, considered one of the main culprits of the US opioid epidemic, has submitted a plan to emerge from bankruptcy. The plan has been submitted to…
Published on March 16, 2021
By Iris Barker
Business & Finance
US millionaires owe $2.4bn in income tax
The US Internal Revenue Service (IRS) is not effectively collecting taxes from wealthy Americans. Taxpayers with incomes over $1.5m a year have failed to pay 39% of their income tax…
Published on March 15, 2021
By Iris Barker
Economics
China’s macro indicators for the first two months jump by a third
China's statistical office recorded a record improvement in January-February in a number of indicators, such as industrial production, retail sales and capital expenditure rose by more than 30% year-on-year.
Published on March 15, 2021
By Iris Barker
Science & Technology
China doubles over US in number of quantum technology patents
The total number of quantum technology patents held by Chinese organisations is double the number held by US companies. This was reported by the Nikkei Asia newspaper.
Published on March 14, 2021
By Iris Barker
Management
Ant Group CEO resigns
CEO of Ant Group has resigned from his position - according to the company, of his own volition. Bloomberg previously reported that employees at Jack Ma's fintech company are leaving,…
Published on March 14, 2021
By Iris Barker
Business & Finance
BAT to join cannabis market
British American Tobacco, which owns the Kent and Lucky Strike brands, has decided to enter the marijuana market. It has agreed to buy a stake in Canadian cannabis products maker…
Published on March 11, 2021
By Iris Barker
Business & Finance
Chinese authorities to fine Alibaba more than $975M
China's antitrust authorities plan to fine Alibaba for a record amount, The Wall Street Journal reported citing sources.
Published on March 11, 2021
By Iris Barker
Economics
Apple to invest €1B in Germany
Apple has announced that it will invest €1 billion in Germany in the coming years.
Published on March 10, 2021
By Iris Barker
Business & Finance
Lego posts record revenue in 2020
The Lego Group has reported its financial results for 2020.
Published on March 10, 2021
By Iris Barker
Business & Finance
Shell to sell stakes in Egypt assets
Anglo-Dutch oil and gas corporation Royal Dutch Shell has agreed with a consortium of Cheiron Petroleum Corporation and Cairn Energy PLC to sell upstream (development and production) interests in Egypt,…
Published on March 9, 2021
By Iris Barker
Business & Finance
Germany overtakes US sales of electric cars and hybrids
Germany will surpass the US in sales of new electric cars and plug-in hybrid electric vehicles (plug-in hybrids) in 2020, according to the Baden-Württemberg Solar and Hydrogen Energy Research Centre…
Published on March 9, 2021
By Iris Barker
Business & Finance
Survey: Young Americans choose to spend up to half of their government payments on stocks
About half of young Americans aged 25 to 34 plan to spend up to half of the new payments from the government on buying stocks. This could bring as much…
Published on March 8, 2021
By Iris Barker
Economics
European indices accelerate, German DAX breaks records
Europe's main stock exchanges accelerated by Monday evening, with Germany's DAX index breaking all-time records, trading data showed.
Published on March 8, 2021
By Iris Barker
Economics
US and Europe declare truce in trade war
The US and European authorities have agreed to end the trade war temporary. They have suspended all customs duties imposed as part of the dispute around Boeing and Airbus, stated…
Published on March 7, 2021
By Iris Barker
Science & Technology
Bloomberg warns of global crisis due to Microsoft’s vulnerability
The situation with the hacking attack on Microsoft software is turning into a global cybersecurity crisis, Bloomberg reports.
Published on March 7, 2021
By Iris Barker
Science & Technology
Singapore will ban registration of diesel cars and taxis from 2025
Singapore will ban registration of diesel taxis and cars from 2025. The government expects only clean energy vehicles to be on the country's roads by 2040.
Published on March 5, 2021
By Iris Barker
Business & Finance
UK food delivery service Deliveroo aims to raise £8bn during IPO
British food delivery service Deliveroo has announced that it will conduct its initial public offering on the London Stock Exchange (LSE).
Published on March 4, 2021
By Iris Barker
Business & Finance
Global chocolate sellers are facing severe crisis
Chocolate retailers around the world are facing a severe crisis due to falling demand for sweets in 2020, according to Bloomberg, citing the International Cocoa Organization (ICCO).
Published on March 2, 2021
By Iris Barker
Business & Finance
Zoom’s shares soar by 11% after good results
Video calling service Zoom reported fourth-quarter earnings for the fiscal year ended Jan. 31.
Published on March 2, 2021
By Iris Barker
Business & Finance
TON investors demand tens of millions in damages from Telegram’s founder
Da Vinci Capital's investors have sent Pavel Durov a notice of intent to file a lawsuit (letter before claim) against TON Inc. and Telegram Inc., Forbes has learned. They are…
Published on March 2, 2021
By Iris Barker
Management
Blackstone’s chief executive receives over $610M remuneration in 2020
Blackstone Group chief executive and co-founder Stephen Schwartzman received at least $610.5m in dividends and compensation in 2020. This is the largest payout among US private equity fund directors and…
Published on March 1, 2021
By Iris Barker
World & Politics
Iran rejects EU offer to negotiate nuclear deal with US
Tehran rejected the EU’s proposal to hold an informal meeting with the United States on a return to compliance with the terms of the nuclear deal.
Published on March 1, 2021
By Iris Barker
Science & Technology
Scientists: Bitcoin is a threat to Earth’s climate
US scientists came up with a paper that says the energy for cryptocurrencies mining is growing. According to their information, this volume has already started to exceed a year energy…
Published on March 1, 2021
By Iris Barker
World & Politics
Bloomberg: Draghi is the new heavyweight of the EU
Bloomberg called the former head of the European Central Bank (ECB) and current Italian Prime Minister Mario Draghi, who gained a reputation as the saviour of the European economy for…
Published on February 25, 2021
By Iris Barker
World & Politics
IISS: World ramps up military spending in 2020 despite pandemic
Total global defence and arms spending in 2020 is more than $1.83 trillion, an increase of 3.9 per cent on the previous year.
Published on February 25, 2021
By Iris Barker
Business & Finance
Tesla rival decides to go public with a $24B deal
US premium electric car maker Lucid, founded by a former Tesla engineer, has agreed to go public without an IPO. The company wants to merge with another company that has…
Published on February 24, 2021
By Iris Barker
Business & Finance
GameStop shares jump by over 100% again
A day earlier, GameStop announced that its CFO, Jim Bell, would step down on 26 March. The company's shares were up 103.9 per cent at the close of trading on…
Published on February 24, 2021
By Iris Barker
Business & Finance
Apple regains global leadership in smartphone sales
Research company Gartner has published statistics on the global smartphone market, according to which in the fourth quarter of 2020 the American corporation Apple has climbed to the first place…
Published on February 23, 2021
By Iris Barker
Business & Finance
Semiconductor shortages in automotive industry may affect production in the coming months
CEO of German carmaker Porsche, Oliver Blume, said that the problem with the semiconductor shortage in the automotive industry is very serious because it affects the whole industry.
Published on February 23, 2021
By Iris Barker
Economics
US Fed: US economy will face new problems
The US Federal Reserve (Fed) has predicted new problems for the national economy, Reuters writes. The US central bank's management spoke about possible threats in a speech before Congress with…
Published on February 22, 2021
By Iris Barker
World & Politics
Major environmental disaster occurs in Israel
Israeli authorities have closed all Mediterranean beaches along 170 kilometres. The reason, says the weekly magazine Spiegel, was that the coastal waters were found to be polluted with oil products.
Published on February 22, 2021
By Iris Barker
Business & Finance
Renault reports multi-billion damage
French carmaker Renault has reported a financial loss of €8 billion in 2020. This is the biggest loss the company has suffered since its inception, the car giant said in…
Published on February 21, 2021
By Iris Barker
Business & Finance
Bill Gates Foundation dumps all Alibaba and Uber shares
Bill and Melinda Gates' charitable foundation has divested itself of all its shares in Alibaba and Uber and sold half its stake in Apple. Instead, it has increased its stake…
Published on February 21, 2021
By Iris Barker
Management
Walmart to raise employees’ wages to $15 an hour due to COVID-19 pandemic
One of the world's largest retailers, US chain Walmart, has announced its intention to raise salaries for its US employees after a successful financial year.
Published on February 18, 2021
By Iris Barker
Science & Technology
Christie’s to hold its first cryptocurrency auction
A digital work Everydays: The First 5000 Days by artist Mike Winkelmann, known by his pseudonym Beeple, will be sold by Christie's auction house for Ethereum crypto-currency, Bloomberg reported, citing…
Published on February 18, 2021
By Iris Barker
Business & Finance
Investors are selling off gold, optimism is growing
Gold fell to November's values of $1770 an ounce. The metal lost more than 4% in five days. The decline was due to expectations of global economic growth as well…
Published on February 17, 2021
By Iris Barker
Business & Finance
Chinese authorities block Ant’s IPO after investigating its possible beneficiaries
China has blocked the IPO of billionaire Jack Ma's Ant Group after an investigation revealed the likely beneficiaries of the company's flotation.
Published on February 16, 2021
By Iris Barker
Business & Finance
Adidas announces intention to sell Reebok
Adidas has announced that it is beginning the process of selling its Reebok brand. The company bought the brand in 2006, but has now decided that the manufacturers "can better…
Published on February 16, 2021
By Iris Barker
Business & Finance
Universal Music to hold IPO in 2021
Shares in French media conglomerate Vivendi rose 24% on Monday, a reaction by markets to the company's announcement of an earlier-than-planned IPO of one of the world's largest record labels,…
Published on February 16, 2021
By Iris Barker
World & Politics
WHO approves AstraZeneca vaccine for emergency use
The World Health Organization (WHO) has approved the COVID-19 vaccine from the British company AstraZeneca and Oxford University for emergency use. WHO data showed that the vaccine meets the necessary…
Published on February 16, 2021
By Iris Barker
Economics
US DOJ launches investigation on market manipulation after Reddit traders riot
Prosecutors have already requested information on GameStop and AMC stock trades in a criminal case of market manipulation. The Securities and Commodity Futures Trading Commission is also looking into the…
Published on February 14, 2021
By Iris Barker
Science & Technology
Analysts warn of possible leak of Clubhouse user data to China
The US-based Internet Research Center has identified a vulnerability in social networking site Clubhouse that potentially allows Chinese authorities to access user data. The social network promised to add "additional…
Published on February 14, 2021
By Iris Barker
Economics
US authorities to extend financial assistance to air carriers
The US House Financial Services Committee has approved a proposal to provide another $15bn financial aid package to US airlines.
Published on February 14, 2021
By Iris Barker
World & Politics
New Italian government led by Mario Draghi is sworn in
Italy's new government led by Mario Draghi has been sworn in. The ceremony, featuring the President of the Republic, Sergio Mattarella, was broadcast on the YouTube channel of the presidential…
Published on February 14, 2021
By Iris Barker
World & Politics
WHO: new COVID-19 strains won’t cause another pandemic
Mutations of the coronavirus will not trigger a new pandemic, but vigilance must be maintained. This opinion was expressed by Hans Kluge, director of the World Health Organization (WHO) Regional…
Published on February 11, 2021
By Iris Barker
Business & Finance
Mastercard to allow transactions with cryptocurrencies
One of the world's largest credit card companies, U.S.-based Mastercard, will allow transactions with certain cryptocurrencies, according to a statement from Raj Dhamodharan, the company's vice president.
Published on February 11, 2021
By Iris Barker
Business & Finance
Amazon-backed rival of Tesla plans $50bn-worth IPO
Electric van developer Rivian is about to launch one of its biggest IPOs this year. The company expects investors to value it at least $50 billion, almost double its current…
Published on February 10, 2021
By Iris Barker
Business & Finance
General Motors loses 4.5% of net profit
US auto giant General Motors (GM)'s net profit attributable to shareholders fell 4.5 per cent year-on-year to $6.427 billion in 2020, the company says.
Published on February 10, 2021
By Iris Barker
Business & Finance
Dating service Bumble sets to raise $1.8B at IPO
The dating service Bumble, where only women are allowed to start communication, has decided to raise $1.8 billion for its IPO, although recently the preliminary estimate was about $1 billion.
Published on February 9, 2021
By Iris Barker
Business & Finance
Honda’s net income falls by 8.5% for 9 months of 2020-21
Japanese group Honda's net income attributable to company shareholders fell 8.5 percent to 444.1 billion yen ($4.2 billion) for the nine months ended Dec. 31 for fiscal 2020-2021, according to…
Published on February 9, 2021
By Iris Barker
