Iris Barker
Business & Finance
Bloomberg warns of impact of rising jet fuel prices on air travel
Air travelers must prepare for additional issues in the upcoming months, as airlines globally are escalating flight cancellations and implementing other strategies to manage the significant surge in jet fuel…
Published on April 19, 2026
By Iris Barker
Management
Reuters: Meta plans to conduct mass layoffs in May
According to Reuters, citing three sources, Meta aims to execute the initial phase of its mass layoffs scheduled for this year on May 20.
Published on April 19, 2026
By Iris Barker
Business & Finance
Amazon’s AI cloud revenue exceeds $15 billion annualized
The AI division of AWS, Amazon.com Inc.'s cloud sector, announced annualized revenue, exceeding $15 billion in the first quarter of 2026, as stated by CEO Andy Jassy in his annual…
Published on April 10, 2026
By Iris Barker
World & Politics
EBRD will allocate €5 billion to support countries affected by the war with Iran
The European Bank for Reconstruction and Development (EBRD) has declared its plan to invest €5 billion in 2026 to assist the economies of nations impacted by the conflict in the…
Published on April 10, 2026
By Iris Barker
Business & Finance
Musk asks the court to remove Altman from the board of directors of OpenAI’s parent company
OpenAI co-founder Elon Musk has requested that the court take away Sam Altman's position on the board of directors of the OpenAI Foundation, which is the parent charitable organization of…
Published on April 9, 2026
By Iris Barker
World & Politics
Iran introduces alternative shipping routes in the Strait of Hormuz to avoid mines
Iranian media reported that the country has established alternative shipping routes in the Strait of Hormuz to bypass regions where naval mines have been placed, according to a statement from…
Published on April 9, 2026
By Iris Barker
World & Politics
The US, Iran, and Israel agree to two-week ceasefire
US President Donald Trump wrote on the social media platform TruthSocial that he agreed to extend the deadline given to Iran by two weeks and to implement a ceasefire during…
Published on April 8, 2026
By Iris Barker
Business & Finance
Anthropic announces revenue estimates increase from $9 billion to $30 billion
Anthropic's press office reported that the company's projected annual revenue has increased to $30 billion, compared to $9 billion at the end of 2025.
Published on April 8, 2026
By Iris Barker
Business & Finance
Ventilation systems supplier Madison Air to raise up to $2.2 billion in US IPO
Madison Air, a supplier of ventilation and filtration systems, has submitted a request for an initial public offering (IPO) to the US Securities and Exchange Commission (SEC), according to Bloomberg,…
Published on April 6, 2026
By Iris Barker
World & Politics
Britain will ban the US from using its bases to strike Iranian civilian targets
The UK will prohibit US President Donald Trump from employing Royal Air Force bases to target Iranian bridges or power facilities, reports The i Paper.
Published on April 6, 2026
By Iris Barker
Economics
USA gets ready to impose 100% tariffs on imports of a number of pharmaceuticals
The administration of President Donald Trump is getting ready to enforce 100% tariffs on certain drug imports into the US, according to the Financial Times, citing sources.
Published on April 2, 2026
By Iris Barker
Business & Finance
Bloomberg: SpaceX plans IPO with value of over $2 trillion
SpaceX, led by Elon Musk, is getting ready for an initial public offering (IPO) that could achieve a historic valuation surpassing $2 trillion, according to Bloomberg's sources.
Published on April 2, 2026
By Iris Barker
Business & Finance
2PointZero to acquire US-based Traverse Midstream for $2.25 billion
The UAE-based investment company, 2PointZero Group PJSC, has reached an agreement to purchase Traverse Midstream Partners LLC, a US-based company, for a total amount of $2.25 billion.
Published on March 31, 2026
By Iris Barker
Economics
FGE NexantECA allows rise in oil prices to $150-200 per barrel
Oil prices might climb to between $150 and $200 per barrel if the Strait of Hormuz stays shut due to the war for the next six to eight weeks, says…
Published on March 31, 2026
By Iris Barker
Business & Finance
Nvidia’s printed circuit board supplier considers $2 billion Hong Kong IPO
Chinese printed circuit board maker Victory Giant Technology is contemplating a share listing on the Hong Kong Stock Exchange, as reported by Bloomberg, referencing sources close to the talks.
Published on March 30, 2026
By Iris Barker
Economics
IMF warns of “global but asymmetric” shock from Middle East conflict
Economists at the International Monetary Fund (IMF) warn that the US-Israeli military effort against Iran poses a "global but asymmetric" shock, complicating the prospects for faltering economies.
Published on March 30, 2026
By Iris Barker
Economics
SoftBank receives $40 billion bridge loan to fund investment in OpenAI
Japan's SoftBank Group Corp. has been given a $40 billion bridge loan to support its investment in OpenAI and to cover other general business needs.
Published on March 30, 2026
By Iris Barker
Economics
Bloomberg: The Philippines purchased over 2.4 million barrels of oil from Russia
According to Bloomberg, the Philippine-based company Petron Corporation has acquired 2.48 million barrels of oil from Russia, and there is a possibility that it may continue to make such purchases…
Published on March 30, 2026
By Iris Barker
Management
Average bonuses on Wall Street rise to record $246,900 in 2025
Average bonuses at Wall Street firms rose by 6% in 2025 to reach $246,900, as stated by New York State Comptroller Thomas DiNapoli.
Published on March 26, 2026
By Iris Barker
Economics
S&P Global Ratings downgrade Eurozone and UK GDP growth forecast to 1% in 2026
Analysts at S&P Global Ratings have lowered their economic growth prediction for the Eurozone and UK in 2026 to 1%.
Published on March 26, 2026
By Iris Barker
Business & Finance
Arm’s ADRs add 17% after the company’s first chip presentation
Arm Holdings, a British company that makes processor technology, which is mostly owned by Japan's SoftBank Group, showed off its first chip at the Arm Everywhere conference. After that, Arm's…
Published on March 26, 2026
By Iris Barker
Business & Finance
Barclays raises S&P 500 end-2026 forecast to 7,650
Analysts from Barclays Bank have updated their prediction for the S&P 500 index, increasing their estimate for the end of 2026 from 7,400 to 7,650.
Published on March 26, 2026
By Iris Barker
Business & Finance
Xiaomi’s quarterly net profit falls by 27%
Xiaomi, the maker of consumer electronics and electric vehicles, experienced a 27.3% decrease in its net profit during the fourth quarter of 2025. This decline comes as the company keeps…
Published on March 25, 2026
By Iris Barker
Economics
Shell CEO predicts energy shortages in Europe as early as in April
According to Bloomberg, Europe is expected to soon face similar fuel supply issues that Asia has recently encountered, as a result of the conflict in Iran.
Published on March 25, 2026
By Iris Barker
World & Politics
Kim Jong-un officially labels South Korea a hostile state
North Korean leader Kim Jong-un has officially referred to South Korea as "the most hostile state" and cautioned about repercussions if provoked, according to the Korean Central News Agency (KCNA).
Published on March 23, 2026
By Iris Barker
Economics
WSJ: Oil companies lost billions due to Iranian infrastructure strikes
As reported by The Wall Street Journal, Iranian attacks on their infrastructure in the Middle East have resulted in international oil and gas companies losing billions of dollars. It may…
Published on March 23, 2026
By Iris Barker
Economics
Goldman Sachs raises Brent price forecast for 2026 to $85 per barrel
Analysts at Goldman Sachs have increased their 2026 price predictions for Brent and WTI due to diminished fuel supplies from the Persian Gulf.
Published on March 23, 2026
By Iris Barker
Science & Technology
Tesla and SpaceX to build large-scale chip factory in Austin
Elon Musk, CEO of Tesla and SpaceX, stated that a major chip factory will be constructed in Austin, Texas.
Published on March 23, 2026
By Iris Barker
Economics
WTO expects global GDP growth to slow to 2.8% in 2026 in its baseline scenario
The World Trade Organization (WTO) anticipates that global goods trade growth will decelerate to 1.9% in 2026, a decrease from 4.6% the year before, provided the economic effects of the…
Published on March 19, 2026
By Iris Barker
World & Politics
European Commission has no plans to revise the deadline for phasing out Russian LNG
European Commission President Ursula von der Leyen stated that the institution has established timelines to refuse Russian liquefied natural gas (LNG) and does not intend to modify them.
Published on March 19, 2026
By Iris Barker
Science & Technology
SK Group expects another five years of global wafer shortage
Chey Tae-won, chairman of South Korea's SK Group, expects that a worldwide shortage of wafers will continue until 2030.
Published on March 18, 2026
By Iris Barker
Economics
Bloomberg: Planned replacement of the Federal Reserve Chair is at risk due to the Powell’s prosecution
The potential replacement of the Federal Reserve Chairman could be in jeopardy as the US Department of Justice continues its efforts to bring legal action against the current head of…
Published on March 18, 2026
By Iris Barker
World & Politics
G20 GDP growth slows to 0.7% in Q4
According to a preliminary report from the Organisation for Economic Co-operation and Development (OECD), the economies of G20 nations expanded by 0.7% in the fourth quarter of 2025 versus the…
Published on March 16, 2026
By Iris Barker
Business & Finance
Atlas Air places largest-ever freighter order from Airbus
Atlas Air Worldwide Holdings Inc., a leading global air cargo operator, revealed its biggest order for new planes, intending to expand its business further.
Published on March 16, 2026
By Iris Barker
Economics
Economists surveyed by Bloomberg don’t expect the ECB to change rates until the end of 2027
According to Bloomberg’s survey of economists conducted from March 6 to 11, the European Central Bank will maintain its key interest rates at their present levels throughout the entire year…
Published on March 16, 2026
By Iris Barker
Economics
IEA countries to release nearly 412 million barrels of oil from strategic reserves
The International Energy Agency (IEA) stated in a statement that nearly 412 million barrels of oil will be released to the global market from the strategic reserves of IEA member…
Published on March 16, 2026
By Iris Barker
Business & Finance
Netflix to pay up to $600 million for Ben Affleck’s AI firm
American streaming service Netflix Inc. has purchased InterPositive, a company that focuses on AI technologies used in making movies.
Published on March 13, 2026
By Iris Barker
Economics
Reuters: US intelligence doubts the Iranian leadership will collapse soon
Reuters has been informed by three sources that US intelligence has determined that Iran's leadership is not currently at risk of immediate collapse, even though the country has been subjected…
Published on March 13, 2026
By Iris Barker
Business & Finance
Honda downgrades fiscal year outlook, may write down up to $15.7 billion
Honda Motor Co. has revised its main financial predictions for the ongoing fiscal year ending in March and now anticipates an operating loss ranging from 270 billion to 570 billion…
Published on March 12, 2026
By Iris Barker
World & Politics
First week of Iran operation cost the US over $11 billion
The Pentagon stated that the US invested $11.3 billion during the initial week of the military campaign against Iran, according to reports from The New York Times and CBS News,…
Published on March 12, 2026
By Iris Barker
Economics
Global chip sales in January grow by almost 50% year-on-year
According to a press release from the Semiconductor Industry Association (SIA), worldwide chip sales in January surged 46.1% compared to the previous year, reaching $82.54 billion.
Published on March 11, 2026
By Iris Barker
Business & Finance
UBS asks the court to absolve it of liability for Credit Suisse’s collaboration with the Nazis
Swiss UBS AG has requested a US court to restrict its liability for possible upcoming claims related to Credit Suisse, which it purchased in 2023, because of the acquired bank's…
Published on March 11, 2026
By Iris Barker
Business & Finance
Reuters: Indian company Reliance purchased 6 million barrels of Russian oil
Indian energy company Reliance Industries has acquired a minimum of 6 million barrels of Russian crude oil to be delivered in March.
Published on March 10, 2026
By Iris Barker
Economics
Dubai sells gold at deep discounts due to Iran operation
According to Bloomberg, which is citing sources, gold that is challenging to export because of the Iran operation is currently being sold at significant discounts in Dubai.
Published on March 10, 2026
By Iris Barker
World & Politics
US Secretary of Energy states that the United States was not involved in the strikes on Iranian energy facilities
The United States military did not take part in the Israeli attacks on energy infrastructure located near Tehran, according to US Secretary of Energy Chris Wright on Sunday.
Published on March 9, 2026
By Iris Barker
Economics
Retail price of gasoline in the United States reaches its highest since 2024
According to Bloomberg, the average retail price of gasoline in the United States has hit its highest level since September 2024.
Published on March 9, 2026
By Iris Barker
World & Politics
FT: US is discussing purchasing drone interceptors from Ukraine for operation in Iran
According to a report by the Financial Times, which cited sources within the Ukrainian defense industry, the Pentagon and at least one Gulf nation are thinking about buying Ukrainian drone…
Published on March 5, 2026
By Iris Barker
Economics
Bloomberg: China suspends gasoline and diesel exports
Chinese officials have instructed major oil refineries to stop exporting diesel and gasoline right away. As Bloomberg reports, this decision was taken during the continued conflict in the Persian Gulf,…
Published on March 5, 2026
By Iris Barker
Economics
Aluminum prices exceeded $3,400 per tonne for the first time since April 2022
Aluminum prices hit a level not seen in almost four years on Wednesday, mainly because of worries about possible interruptions in supply from the Middle East.
Published on March 5, 2026
By Iris Barker
Economics
European Union sees no risks to gas and oil supplies
Representatives from EU member states have stated that the current situation regarding gas and oil supplies, which has been influenced by events related to Iran, does not currently cause any…
Published on March 5, 2026
By Iris Barker
