Iris Barker
Business & Finance
Chinese companies raise six years-record funding at US IPOs in 2020
According to Renaissance Capital, cited by CNBC, Chinese companies, including those listed in Hong Kong, have raised $11.7bn in their IPOs in the US since the start of the year.
Published on December 21, 2020
By Iris Barker
World & Politics
EU announces date of COVID-19 vaccination start
Head of the European Commission, Ursula von der Leyen, has announced a date for the start of vaccination against the coronavirus in the European Union: 27, 28 and 29 December.…
Published on December 18, 2020
By Iris Barker
Economics
Electric cars forecasted to reach prices of fuel cars
The cost of batteries for electric cars has plummeted 89 percent over the past decade, from $1110 to $137 per kilowatt-hour.
Published on December 18, 2020
By Iris Barker
Economics
US Fed expects solid GDP growth in the second half of 2021
The US Federal Reserve expects solid GDP growth in the second half of 2021, US central bank governor Jerome Powell said.
Published on December 17, 2020
By Iris Barker
Economics
IEA, OPEC cut oil consumption growth forecast
The International Energy Agency (IEA) and OPEC have adjusted their oil demand forecasts. Most of the adjustments in expectations are for 2021, as it has become clear that demand for…
Published on December 17, 2020
By Iris Barker
Business & Finance
Nikkei: Apple will increase iPhone production by 30% in 2021
Apple intends to release between 95 million and 96 million iPhones in the first half of 2021, both old and new models, Nikkei reported citing sources.
Published on December 16, 2020
By Iris Barker
Business & Finance
Developer of supersonic passenger aircraft Boom raises record funding, becomes a unicorn
Startup Boom Technology, developing the first supersonic passenger aircraft since Concorde, has become a "unicorn": its estimate after the next round of funding has exceeded $ 1 billion. In six…
Published on December 16, 2020
By Iris Barker
Economics
US expects drop in oil production in large oil and gas regions
Oil production in major oil and gas producing regions of the USA, much of the production of which is shale oil, will decrease by 137,000 barrels per day, or 1.8%,…
Published on December 14, 2020
By Iris Barker
Economics
Cuba to abandon two peso exchange systems from January 1
The Cuban authorities have announced the date of a long-awaited reform of the monetary system, which will see the country abandon the practice of using two exchange rates and actually…
Published on December 14, 2020
By Iris Barker
Business & Finance
MasterCard faces $ 18.6 billion payout in UK class action lawsuit
Payment company MasterCard may have to pay £ 14bn ($ 18.6bn) to UK residents. Last Friday, the country's Supreme Court ruled admissible a class action lawsuit from residents of the…
Published on December 13, 2020
By Iris Barker
Business & Finance
AstraZeneca to buy rare diseases drugs developer for $39B
AstraZeneca will buy an American developer of drugs for rare diseases for $ 39 billion. This will strengthen the position of the creator of the Oxford vaccine in the treatment…
Published on December 13, 2020
By Iris Barker
World & Politics
EU leaders agree to extend sanctions against Turkey over drilling in the Mediterranean Sea
EU leaders have agreed to extend sanctions against Turkey. The restrictive measures will be imposed in connection with Turkey's exploration activities in disputed areas of the Eastern Mediterranean. Ankara's actions…
Published on December 10, 2020
By Iris Barker
Business & Finance
Tui loses €3B in 2020
Europe's largest tour operator Tui has published its accounts for fiscal 2020 (ended 30 September).
Published on December 10, 2020
By Iris Barker
Business & Finance
GE gets $200M fine in USA
The American company General Electric (GE) will pay a $200 million fine for withholding important information about its financial activities from investors.
Published on December 9, 2020
By Iris Barker
Science & Technology
Former Salesforce employee creates a competitor to Google
A former Salesforce employee introduced the search engine you.com, in which two American billionaires have already invested. The developer hopes to make the project a competitor to Google, which helps…
Published on December 9, 2020
By Iris Barker
World & Politics
UK agrees with Norway and Iceland on post-Brexit trade
The UK has entered into an agreement with Norway and Iceland on trade relations after Brexit.
Published on December 8, 2020
By Iris Barker
Economics
Fitch improves global economy forecasts, expects steady recovery
Coronavirus vaccination will significantly improve the situation with the pandemic by mid-2021, after which economic recovery will be more confident and social distance standards are likely to be lifted in…
Published on December 8, 2020
By Iris Barker
Economics
EU decides to exempt COVID-19 vaccines and tests from VAT
The Council of the European Union has allowed the member states to temporarily exempt coronavirus vaccines, infection tests and other goods required for vaccination from value added tax (VAT). This…
Published on December 8, 2020
By Iris Barker
World & Politics
Indian authorities: New disease is not related to COVID-19
The mysterious disease, which erupted in the town of Eluru in Andhra Pradesh in southern India, is not linked to the coronavirus pandemic, presumably caused by water pollution, said an…
Published on December 8, 2020
By Iris Barker
World & Politics
Iran gets ready to increase oil exports
Iran has instructed its Ministry of Oil to prepare the country's oil companies to operate at full capacity within three months, Reuters reported on Sunday, citing Iran's state-run media. The…
Published on December 7, 2020
By Iris Barker
Business & Finance
Lufthansa to lay off nearly 30,000 employees
The German airline Lufthansa is going to downsize 29,000 employees by the end of the year, wrote the German newspaper Bild am Sonntag on Sunday, citing sources in the company.
Published on December 6, 2020
By Iris Barker
Business & Finance
Boeing receives first order for 737 Max after US flight ban is lifted
Ryanair has placed a multi-billion dollar order for a Boeing 737 Max, the Financial Times reports with reference to the head of the carrier Michael O'Leary. This is the first…
Published on December 3, 2020
By Iris Barker
Economics
OPEC+ agrees to revise oil quotas every month
The OPEC+ countries, which spent the last week arguing over the level of new production quotas in 2021, reached a brief agreement at a meeting on 3 December.
Published on December 3, 2020
By Iris Barker
Science & Technology
New AI will track CO2 emissions from computers
Canadian research institute Mila, American consulting company BCG, Haverford College (Pennsylvania) and New York software developer Comet.ml announced creation of an open source software package for estimating CO2 emissions related…
Published on December 1, 2020
By Iris Barker
World & Politics
NBER: Plight of poor due to the pandemic may hinder globalization
The poor bore the brunt of the costs during the COVID-19 pandemic, creating the ground for isolationism and a curtailment of globalization in the world, says the American National Bureau…
Published on December 1, 2020
By Iris Barker
World & Politics
EU reports 24% fall in CO2 emissions since 1990
Carbon dioxide emissions across the EU are 24% lower than in 1990, showed a report released on Monday.
Published on December 1, 2020
By Iris Barker
Business & Finance
General Motors refuses to buy a stake in electric cars manufacturer Nikola
General Motors announced that it is revising its agreement with electric vehicle maker Nikola Motor: GM is no longer going to buy a stake in the company. Nikola shares fell…
Published on December 1, 2020
By Iris Barker
Economics
Japanese companies demand more renewable energy
Japanese companies are threatening the country's government to export their production because the renewable energy industry is too underdeveloped. The move will be a forced measure: foreign partners are putting…
Published on November 30, 2020
By Iris Barker
Business & Finance
Topshop owner is on the verge of bankruptcy
The owner of the popular Topshop and Topman clothing shops, UK billionaire Philip Green, was on the verge of bankruptcy. According to Sky News, in the next few days the…
Published on November 30, 2020
By Iris Barker
Economics
European ski resorts protest against closing of “Mountains economy”
The closure of ski resorts in Italy due to the coronavirus pandemic threatens to cause losses of €20 billion, which will account for almost 1% of national GDP, the authorities…
Published on November 27, 2020
By Iris Barker
Economics
Oil giant forecasts oil prices to fall sharply for years to come
Oil giant Exxon Mobil has sharply worsened its commodity price forecast. As The Wall Street Journal writes, the American oil concern has made a forecast for the next seven years.
Published on November 27, 2020
By Iris Barker
Economics
Dow Jones hits 30,000 points for the first time in its history
According to analysts, November could be the best month for the Dow Jones Industrial Average stock index since 1987. The index is rising on investor optimism about vaccines, economic growth…
Published on November 25, 2020
By Iris Barker
Economics
IATA updates industry loss and recovery forecasts
The International Air Transport Association (IATA) has worsened its forecast for 2020 to $118.5 billion, which is the worst result in the industry's history.
Published on November 24, 2020
By Iris Barker
Business & Finance
Stanhope Capital, FWM Holdings merge to create one of the largest independent management funds
The holding company FWM Holdings, which owns the Forbes Family Trust and the American foundation Stanhope Capital Group, as well as foundations Optima Fund Management and LGL Partners, have announced…
Published on November 24, 2020
By Iris Barker
Science & Technology
Hyundai and Ineos to collaborate on hydrogen vehicles
One of the world's largest chemical companies, Ineos, announced that it had signed a cooperation agreement with the South Korean car manufacturer Hyundai.
Published on November 23, 2020
By Iris Barker
Economics
Economic losses from pandemic in Arab countries hit $150B
The economic losses in the Arab States due to the pandemic have exceeded $150 billion, said Ahmed Aboul Gheit, Secretary-General of the League of Arab States (LAS).
Published on November 23, 2020
By Iris Barker
Economics
Bank of America: Generation Z will change investment models
Eating meat will become less frequent, and being ashamed to fly planes will become more frequent. Generation Z is changing the world, and investors need to be prepared.
Published on November 22, 2020
By Iris Barker
Economics
Tax Justice Network calculates losses due to tax evasion and their impact on COVID-19 fight
The non-governmental organisation Tax Justice Network (TJN) has issued a report on the losses of the world's governments from tax evasion, the withdrawal of funds and assets to tax havens…
Published on November 22, 2020
By Iris Barker
Management
ThyssenKrupp cuts 11,000 jobs
One of Germany's largest industrial conglomerates, ThyssenKrupp, has announced an additional 7.4 thousand job cuts to optimize business amid the COVID-19 pandemic.
Published on November 19, 2020
By Iris Barker
World & Politics
WHO suggests a way to avoid new lockdowns in Europe
New lockdowns in Europe can be avoided if 95% of people wear masks, said the WHO European Head of Office. The vaccine, he said, would not be the solution, as…
Published on November 19, 2020
By Iris Barker
Economics
USA notes growth in industry in October
US industrial production returned to growth in October with a 1.1 per cent increase (0.4 per cent decrease in September), as a result of which the index virtually compensated for…
Published on November 18, 2020
By Iris Barker
Science & Technology
Experts: Pandemic and remote work transform high-tech labor market
The mass transition to remote work and the development of new Internet services for the delivery of goods and other services to consumers, customers and employees resulted in significant changes…
Published on November 18, 2020
By Iris Barker
World & Politics
Biden promises double growth of minimum wage in USA
Joe Biden, the possible US President and candidate of the Democrat Party, will order doubling of the minimum wage in the country upon taking office. He wrote about this on…
Published on November 17, 2020
By Iris Barker
Business & Finance
Berkshire Hathaway bets $5.7B on pharma in anticipation of COVID-19 vaccine
For the first time in several years Warren Buffett's company has made a major stake in the pharmaceutical industry. It has invested almost $6 billion in four companies, including two…
Published on November 17, 2020
By Iris Barker
Economics
China becomes the only major economy to show growth in 2020
The recovery of the Chinese economy accelerated in October as fiscal support increased, as evidenced by the latest macroeconomic data from the National Statistics Office of China.
Published on November 16, 2020
By Iris Barker
Business & Finance
Investors betting on Moderna shares fall lose nearly $2B in total
Investors betting on the fall in shares of the American biotech company Moderna lost almost $ 2 billion this year. On Monday, Moderna announced that its coronavirus vaccine was nearly…
Published on November 16, 2020
By Iris Barker
Business & Finance
Uber to sell its drone division ATG
According to TechCrunch, Uber plans to sell its unmanned unit ATG to the start-up Aurora Innovation.
Published on November 15, 2020
By Iris Barker
Economics
Japanese index jump to its peak of 1991 as economy climbs up after COVID-19
Quotations on the Tokyo Stock Exchange rose on Monday amid signs that the Japanese economy is recovering from the crisis caused by the COVID-19 pandemic, Kyodo agency reported.
Published on November 15, 2020
By Iris Barker
Business & Finance
Tencent adds 89% to revenue in Q3
The growing popularity of computer games during the COVID-19 pandemic enabled Tencent to almost double its profits in the third quarter.
Published on November 12, 2020
By Iris Barker
Business & Finance
Nissan ends first half of fiscal 2020 at a loss
Japanese carmaker Nissan reported a loss of 330 billion yen (approximately $3.1 billion) for the first half of the current fiscal year (April 1 - September 30, 2020) compared to…
Published on November 12, 2020
By Iris Barker
