Iris Barker
Business & Finance
Alibaba sales hit $56.4B on Singles Day
Sales on Alibaba's electronic trading platforms have already exceeded 372.3 billion yuan (56.4 billion dollars) over the period of the world's largest global online sale in China, according to preliminary…
Published on November 11, 2020
By Iris Barker
Business & Finance
Huawei to sell Honor for $ 15.2B to dodge US sanctions
The deal, which will allow Honor to be exempted from American sanctions, is scheduled to be announced on 15 November.
Published on November 11, 2020
By Iris Barker
World & Politics
AP: US Attorney General orders to investigate possible election fraud
US Attorney General William Barr instructed federal prosecutors to investigate allegations of material irregularities in the presidential elections, the Associated Press (AP) reports, citing a Justice Department document.
Published on November 11, 2020
By Iris Barker
Economics
Moody’s: Impact of pandemic shocks on global economy will extend beyond 2021
Moody`s assessed the prospects of the negative consequences of the coronavirus COVID-19 on the global economy. According to the international rating agency, the impact of the pandemic shocks will continue…
Published on November 11, 2020
By Iris Barker
World & Politics
WHO expects to radically change COVID-19 pandemic situation by March
The World Health Organization expects to receive the first vaccines against COVID-19 by March 2021, which will fundamentally change the situation with the pandemic, said Bruce Aylward, Chief Executive Officer…
Published on November 9, 2020
By Iris Barker
Business & Finance
Vans and Timberland owner buys streetwear brand Supreme for $ 2.1B
On Monday, VF Corp, an American company that includes shoe brands Vans and Timberland, announced the purchase of the renowned streetwear manufacturer Supreme.
Published on November 9, 2020
By Iris Barker
Economics
US Department of Justice confiscates $1B worth of bitcoins from the Silk Road website
The US Department of Justice withdrew more than $1 billion worth of Bitcoins from the Silk Road website, which was used for trafficking drug, arms and other illegal transactions and…
Published on November 8, 2020
By Iris Barker
Business & Finance
Volkswagen buys US truck manufacturer Navistar for $3.7B
The Traton Group, a subsidiary of Volkswagen, which produces trucks, announced on Saturday the purchase of its American competitor, Navistar International.
Published on November 8, 2020
By Iris Barker
Economics
The Bank of England will expand bond buyback programme to $1.2T
On Thursday, the Bank of England announced the expansion of its £150 billion ($195 billion) government bond buyback programme, bringing the total to £895 billion ($1.17 trillion).
Published on November 5, 2020
By Iris Barker
Economics
US Fed keeps the rate unchanged despite uncertainty with elections
The US Federal Reserve (Fed) left the key rate at 0-0.25% per annum following the November meeting. The watchdog maintained in its statement that the Fed will aim for inflation…
Published on November 5, 2020
By Iris Barker
World & Politics
One day after election, US is still uncertain about winner
An atmosphere of intense waiting and uncertainty persists in the USA 24 hours after the general elections.
Published on November 4, 2020
By Iris Barker
World & Politics
France to cancel over half of TGV high-speed trains due to lockdown
The French National Railways Society (SNCF) will cancel three-quarters of TGV high-speed trains starting Thursday. As reported on Monday by radio France-Info, this is due to the re-introduction of the…
Published on November 3, 2020
By Iris Barker
Business & Finance
Saudi Aramco’s net profit falls by 1.8 times to $11.8B in Q3
The net profit of the world's largest oil company by production and reserves, Saudi Aramco, in the third quarter of 2020 amounted to $ 11.789 billion against $ 21.29 billion…
Published on November 3, 2020
By Iris Barker
Management
Dorsey retains his position as Twitter CEO
Committee on governance structure, opposed to Jack Dorsey, expressed confidence in him, noting the improvement in Twitter performance in the last reporting quarter. Elliott Management of Paul Singer has earned…
Published on November 2, 2020
By Iris Barker
Business & Finance
US Stonepeak buys cable TV provider Astound for $8.1B
Investment firm Stonepeak Infrastructure Partners announced purchase of the American cable operator Astound Broadband. The transaction is valued at $8.1 billion, including the operator's debt.
Published on November 2, 2020
By Iris Barker
Business & Finance
FT: Huawei to start producing its own microchips
Huawei wants to start producing its own microchips so that it is no longer dependent on American technology, reports The Financial Times this with reference to its own sources.
Published on November 1, 2020
By Iris Barker
Business & Finance
Wall Street analysts warn of turbulence in financial markets ahead of US presidential elections
Wall Street analysts warn of turbulence in financial markets ahead of the US presidential election. However, they are not sure whether this threat will persist after the election, writes CNBS.
Published on November 1, 2020
By Iris Barker
Business & Finance
WSJ: Microchip manufacturer Marvell Technology buys Inphi for $10B
American microchip manufacturer Marvell Technology is preparing a deal to buy its competitor Inphi Corp., The Wall Street Journal (WSJ) reports with reference to its own sources.
Published on October 29, 2020
By Iris Barker
Business & Finance
Oil giant increases shareholder benefits in the midst of the crisis
Shell, a major oil company, decided to increase dividends as the company's profit in the third quarter exceeded expectations, CNBC reports.
Published on October 29, 2020
By Iris Barker
World & Politics
Experts: New technologies will displace 85 million jobs by 2025
In five years' time, the work between man and technology will be equally divided, says the World Economic Forum report. 43% of employers are for job cuts due to automation.
Published on October 29, 2020
By Iris Barker
Business & Finance
Survey: Chinese consumers refuse foreign goods on Singles’ Day
Most Chinese people intend to buy only Chinese brands on Singles' Day, the world's largest sales day held on 11 November.
Published on October 29, 2020
By Iris Barker
Business & Finance
VW CEO: Automotive industry doesn’t need incentives
Car markets are emerging from a major slump due to the pandemic, and there is no need for more funding for the auto industry. This opinion was shared by the…
Published on October 27, 2020
By Iris Barker
World & Politics
CNN tells about security forces preparing for unrest after US presidential election
In the event of violence, the US Homeland Security Department has specialized teams of border, immigration and customs officers.
Published on October 27, 2020
By Iris Barker
World & Politics
Japan sets to reduce CO2 emissions to zero by 2050
Japanese Prime Minister Yoshihide Suga said that the country must switch to renewable energy sources and stop emitting carbon dioxide into the atmosphere by 2050.
Published on October 26, 2020
By Iris Barker
Economics
Turkish Airlines will send foreign pilots on six months’ unpaid leave
Foreign pilots of Turkish Airlines will be sent on an unpaid leave, reports Bloomberg citing the company’s email to several its employees.
Published on October 26, 2020
By Iris Barker
Business & Finance
Italy vetoes local operator’s deal with Huawei
The Italian government vetoed a planned deal to supply Huawei telecommunications equipment to the Fastweb telecom operator. This is reported by Reuters, citing industry sources.
Published on October 25, 2020
By Iris Barker
Business & Finance
US Dividend Aristocrats shares show record poor performance compared to broad market
Shares of the so-called US dividend aristocrats remain in decline after the crisis, while the broad market grew by more than 7%. The gap is close to that which Wall…
Published on October 25, 2020
By Iris Barker
Science & Technology
WSJ: Boeing plans to create a new aircraft
Boeing Aerospace Group may soon start creating a new airliner, The Wall Street Journal (WSJ) reports with reference to sources.
Published on October 22, 2020
By Iris Barker
Business & Finance
McAfee raises $720M during IPO
During the IPO, American antivirus software developer McAfee raised $720 million by selling 37 million shares at $20 (the price corridor was set at $19-21).
Published on October 22, 2020
By Iris Barker
Business & Finance
PayPal introduces cryptocurrency payments
The international payment system PayPal will allow users to conduct transactions with cryptocurrencies.
Published on October 22, 2020
By Iris Barker
Business & Finance
Buffet’s Berkshire Hathaway to pay $4.1M fine for violation of Iran sanctions regime
Berkshire Hathaway investment company, owned by billionaire Warren Buffett, will pay a fine to settle a dispute with the US Treasury Department about the violation of sanctions against Iran. One…
Published on October 21, 2020
By Iris Barker
World & Politics
Nokia becomes 5G supplier for Finland and Baltic countries
The Finnish company Nokia will supply Telia company with around 7.5 thousand 5G transmitters in Finland, the Scandinavian and Baltic countries, the equipment provider said.
Published on October 21, 2020
By Iris Barker
Business & Finance
Intel sells flash memory factory to South Korean SK Hynix for $9B
Intel is selling its flash memory chip business to South Korea's SK Hynix (part of the SK Group). The contract is going to be $9 billion in all.
Published on October 21, 2020
By Iris Barker
Science & Technology
Honda will no longer produce gasoline cars
Japanese automobile concern Honda has announced cessation of production of cars with petrol engines for the European market.
Published on October 20, 2020
By Iris Barker
World & Politics
Cyprus authorities are looking for an alternative to the Golden Passport Programme
In return for the discredited gold passport programme, the Cyprus authorities will come up with something else, the Cyprus Mail newspaper reported on 19 October, citing sources in the Cyprus…
Published on October 20, 2020
By Iris Barker
Science & Technology
GM to open a plant for electric cars only
The American concern General Motors will open a factory where only cars with electric engines will be assembled. This is reported by the Electrek portal.
Published on October 19, 2020
By Iris Barker
Economics
Head of French Finance Ministry speaks in favour of increase of tariffs for US goods
Bruno Le Maire, Minister of Economic Affairs, Finance and Reconstruction, believes it is necessary for the European Union to resort to countermeasures by raising tariffs on goods from the country…
Published on October 19, 2020
By Iris Barker
Science & Technology
WHO: Popular drugs used for COVID-19 are almost useless
The commercially available drugs remdesivir, lopinavir, hydroxychloroquine and interferon have almost no effect on patient mortality in the treatment of COVID-19, writes the Financial Times with reference to the World…
Published on October 16, 2020
By Iris Barker
Economics
South Korea loses nearly 400,000 jobs because of pandemic
The number of jobs fell by 392,000 in South Korea in September compared to the same period in 2019. The number of citizens who are working amounted to 27.1 mln.
Published on October 16, 2020
By Iris Barker
World & Politics
Number of supporters of Scottish independence rises to a record level
More than half (58%) of the Scottish respondents are in favour of the region's independence from the UK, a record high, media reported on Wednesday citing opinion poll data from…
Published on October 14, 2020
By Iris Barker
Economics
China and private creditors must ease debt of poor countries – IMF
Private creditors and China should fully participate in the program to ease the burden on poor countries.
Published on October 14, 2020
By Iris Barker
Business & Finance
US to supply arms for $5B to Taiwan
The United States plans to supply Taiwan with modern weapons worth about $ 5 billion, Reuters reported, citing a source on October 13.
Published on October 14, 2020
By Iris Barker
Economics
UK needs to raise taxes by $ 52 billion annually to stabilize national debt – experts
The British government needs to raise taxes by more than 40 billion pounds ($ 52 billion) annually until 2025 to stem the rise in public debt due to the pandemic…
Published on October 14, 2020
By Iris Barker
Economics
G7 countries may oppose libra cryptocurrency launch
The finance ministers of the G7 countries (UK, Germany, Italy, Canada, USA, France and Japan) are likely to oppose the launch of Facebook's Libra cryptocurrency.
Published on October 12, 2020
By Iris Barker
Science & Technology
Germany sets to create a floating launch pad in the North Sea
The German Federation of Industrialists has proposed building a launch pad for the launch of small spacecraft in the country. The corresponding proposal was sent by the industrialists to state…
Published on October 11, 2020
By Iris Barker
Economics
Oil production gets over recent constraints, prices expected to fall again
Oil prices may come under pressure in the coming weeks, as several factors supporting the quotes are not in force anymore.
Published on October 11, 2020
By Iris Barker
Business & Finance
Morgan Stanley buys Eaton Vance for $7B
Morgan Stanley announced that it has reached an agreement in principle with asset management firm Eaton Vance to buy its business for $ 7 billion.
Published on October 8, 2020
By Iris Barker
Economics
BCG: Global economy could lose $10T due to protectionism
The Boston Consulting Group (BCG) and HSBC Bank have released a joint report titled “The $ 10 Trillion Case for Open Trade”, aimed at G20 leaders.
Published on October 8, 2020
By Iris Barker
Business & Finance
Citibank gets $400M fine in USA
Citibank was fined $ 400 million in the US for "several long-standing flaws" in "risk management" and "internal control systems."
Published on October 8, 2020
By Iris Barker
Economics
US Fed chief asks Congress to approve new stimulus package
Head of the Federal Reserve System (Fed) Jerome Powell called on the US Congress and the White House to agree on the parameters of a new package of fiscal measures…
Published on October 7, 2020
By Iris Barker
