Iris Barker
Business & Finance
Veolia, Suez to merge, create new environmental services giant
French water company Veolia will acquire a 29.9% stake in Suez Environmental ("Suez") for €3.4 billion, Bloomberg reports. Previously, 32% of Suez shares were owned by Engie, one of the…
Published on October 6, 2020
By Iris Barker
Economics
WTO improves forecast for global trade in 2020
The WTO improved expectations of a decline in global trade due to the COVID-19 pandemic this year to 9.2%, but now only 7.2% growth is expected in 2021, according to…
Published on October 6, 2020
By Iris Barker
Economics
Hong Kong authorities will issue special bonds to combat inflation
The Hong Kong authorities will issue special iBond bonds for retail investors in November this year to protect the population from inflation.
Published on October 5, 2020
By Iris Barker
Business & Finance
Bristol Myers Squibb to buy biotech company MyoKardia for $13,1B
US pharmaceutical company Bristol Myers Squibb has agreed to purchase biotechnology company MyoKardia for $13.1 billion, Bristol-Myers reports.
Published on October 5, 2020
By Iris Barker
Business & Finance
Airbnb expects to raise $3B during IPO
American company Airbnb, the operator of the housing rental service of the same name, plans to attract $3 billion in the upcoming initial public offering (IPO), reports Reuters.
Published on October 5, 2020
By Iris Barker
Business & Finance
Chevron to merge with Noble Energy, shareholders approve
US Noble Energy Inc.Shareholders greenlighted the upcoming merger with Chevron Corp.
Published on October 5, 2020
By Iris Barker
World & Politics
Donald Trump diagnosed with COVID-19
US President Donald Trump and his wife Melania have been infected with the COVID-19 coronavirus. The US President announced this on his Twitter.
Published on October 2, 2020
By Iris Barker
Economics
Financial companies withdraw $1.6T from UK amid Brexit
Financial services companies operating in the UK have relocated about 7.5 thousand employees to offices in the European Union and removed more than £ 1.2 trillion ($ 1.6 trillion) of…
Published on October 1, 2020
By Iris Barker
Management
Shell to lay off up to 9,000 employees
The British-Dutch Royal Dutch Shell announced that it will write off $ 1-1.5 billion in the 3rd quarter due to the depreciation of assets. By the end of 2022, the…
Published on September 30, 2020
By Iris Barker
Business & Finance
Nokia to replace Huawei in UK 5G market
Nokia Corp has signed a deal with Britain's largest mobile operator BT Group Plc to supply equipment for 5G networks.
Published on September 29, 2020
By Iris Barker
Business & Finance
COVID-19 pandemic accelerates pace of U.S. retailers bankruptcies
The COVID-19 pandemic has significantly worsened the situation of traditional retailers in the United States, which were already having difficulties. According to The Wall Street Journal, citing a report from…
Published on September 29, 2020
By Iris Barker
Economics
France to relax tax regime by €45B
France will cut taxes for households and companies for €45 billion by the end of 2021, said Minister of Economy and Finance Bruno Le Maire.
Published on September 28, 2020
By Iris Barker
Economics
IMF: COVID-19 pandemic will nullify economic growth for some EU countries
The coronavirus pandemic will nullify three years of economic progress for a number of European countries, IMF chief Kristalina Georgieva said on Monday.
Published on September 28, 2020
By Iris Barker
Economics
Peru will begin a new phase of economic reactivation in October
Peruvian President Martin Vizcarra said that in October, the country is partially entering the fourth phase of economic reactivation, which includes a permit for rail and air travel.
Published on September 27, 2020
By Iris Barker
Management
Former top manager of Deutsche Bank to become Commerzbank’s new CEO
On Saturday, German Commerzbank announced appointment of Manfred Knof as CEO.
Published on September 27, 2020
By Iris Barker
Economics
IMF changes estimates of consequences of the pandemic
Consequences of the coronavirus pandemic may be less severe than was estimated in June, the fund’s spokesman Gerry Rice said on Thursday.
Published on September 24, 2020
By Iris Barker
Science & Technology
Number of 5G users hits 5M in Beijing
Number of users of next-generation 5G networks in Beijing has reached 5.06 million, the city communications department said.
Published on September 24, 2020
By Iris Barker
Business & Finance
JP Morgan to pay record $1B fine due to market manipulation
American JP Morgan Chase & Co. could pay a fine of almost $ 1 billion in connection with the investigation by the US authorities into the bank's operations, Bloomberg reported,…
Published on September 23, 2020
By Iris Barker
Economics
UN: Labor incomes fall by 10.7% in the world due to pandemic
In the first three quarters, income from employment worldwide decreased by 10.7% compared to 2019, which corresponds to $ 3.5 trillion, or 5.5% of global GDP.
Published on September 23, 2020
By Iris Barker
Economics
Wealth of US citizens peaks in Q2
In the second quarter of 2020, the net worth of US households and nonprofit groups reached a record high on the back of renewed stock market growth and measures to…
Published on September 22, 2020
By Iris Barker
Business & Finance
Luckin Coffee and 43 other companies get $9M fine in China
China's chief market regulator has fined 61 million yuan ($ 9 million) two operating divisions of Luckin Coffee Inc. and 43 more companies that helped the coffee chain falsify sales…
Published on September 22, 2020
By Iris Barker
Science & Technology
Airbus introduces zero-emission hydrogen aircraft
European aerospace concern Airbus has unveiled three concepts for the world's first zero-emission passenger aircraft.
Published on September 21, 2020
By Iris Barker
Business & Finance
Microsoft buys Bethesda for $7.5B
Microsoft Corporation announced purchase of game developer and publisher ZeniMax Media.
Published on September 21, 2020
By Iris Barker
World & Politics
Mexican authorities arrest oil tanker involved in the theft of fuel
Mexico's National Agency for Industrial Safety and the Environment in the Hydrocarbon Sector (ASEA) announced the arrest of the Blue Commander tanker, an oil depot and tanker trucks involved in…
Published on September 20, 2020
By Iris Barker
Business & Finance
North Korea related firms laundered nearly $ 175m through US banks
Firms related to the DPRK have legalized more than $ 174.8 million through US banks, bypassing sanctions, NBC News reported, citing bank documents.
Published on September 20, 2020
By Iris Barker
Economics
Uber to sell part of its stake in China’s Didi for $ 6.3B
Taxi service Uber Technologies Inc. wants to sell part of its stake in Chinese taxi service Didi Chuxing worth $ 6.3 billion, Bloomberg reported, citing sources familiar with the situation.
Published on September 18, 2020
By Iris Barker
World & Politics
Experts: Saudi Arabia has enough uranium to create nuclear weapon
Saudi Arabia's uranium reserves are estimated at about 90 thousand tons. This is enough to work on the nuclear program, writes The Guardian newspaper with reference to the report, which…
Published on September 18, 2020
By Iris Barker
Business & Finance
Thomas Cook reopens as online service
Travel company Thomas Cook, which went bankrupt last year, resumed operations as an online travel service.
Published on September 16, 2020
By Iris Barker
Economics
US Fed updates inflation target, improves macro outlook
The US Federal Reserve System (Fed), following the September meeting, left its key rate at 0–0.25% per annum. Judging by the dotted graph, the open market committee members are not…
Published on September 16, 2020
By Iris Barker
Management
BHP Group cuts remuneration for its CEO due to coronavirus
The coronavirus pandemic, which has driven up spending on key BHP Group mining projects and reduced production, has also negatively affected the remuneration of its CEO Mike Henry.
Published on September 15, 2020
By Iris Barker
Business & Finance
Kraft Heinz sets to cut costs by $ 2B in five years
Kraft Heinz, one of the world's largest food manufacturers, plans to cut costs by $ 2 billion over the next five years, CEO Miguel Patricio told The Wall Street Journal.
Published on September 15, 2020
By Iris Barker
Business & Finance
YouTube launches competitor to TikTok
YouTube platform is launching its service for creating short videos up to 15 seconds long - YouTube Shorts, the company said.
Published on September 14, 2020
By Iris Barker
World & Politics
WHO notes record rise in COVID incidence, UN suggests systemic approach to fight pandemic
The number of new cases of the coronavirus infection is returning to record levels, as evidenced by data regularly published by the World Health Organization (WHO). Austria and the Czech…
Published on September 14, 2020
By Iris Barker
World & Politics
European Commissioner Gentiloni does not expect euro zone to exit the crisis soon
Paolo Gentiloni, a member of the European Commission for the economy, believes that most of the eurozone countries will not reach pre-crisis GDP levels by the end of 2021. He…
Published on September 13, 2020
By Iris Barker
Business & Finance
WSJ names Oracle Corp. as American buyer of TikTok
American corporation Oracle Corp. won a tender to buy TikTok's US operations, The Wall Street Journal reported, citing a knowledgeable source.
Published on September 13, 2020
By Iris Barker
Business & Finance
Bankrupt retailer J.C. Penney will be bought by landlords
The two largest owners of shopping malls in the United States, Simon Property Group Inc. and Brookfield Property Partners LP, agreed to purchase the American department store chain J.C. Penney…
Published on September 10, 2020
By Iris Barker
Business & Finance
Deutsche Bank subsidiary to pay US over $ 582,000 in fines
Deutsche Bank Trust Company Americas (DBTCA, a subsidiary of the German Deutsche Bank) has agreed to pay a fine of more than $ 582,000 for violating US sanctions imposed on…
Published on September 9, 2020
By Iris Barker
World & Politics
EU asks Facebook to suspend transmission of user data to the US
The European regulator for the protection of personal data has sent a preliminary order to the American Facebook to suspend the transfer of data of its users to the United…
Published on September 9, 2020
By Iris Barker
Business & Finance
Quotes of European oil grades fall below $40 per barrel
For the first time since the end of June, the price of North Sea Brent oil fell below $ 40 per barrel. The commodity market was negatively impacted by the…
Published on September 8, 2020
By Iris Barker
Economics
Fitch updates global economic outlook: Growth will compensate for decline
The updated global macro forecast of the Fitch rating agency suggests that already in 2021, global growth will generally compensate for the current decline due to the COVID-19 epidemic. However,…
Published on September 8, 2020
By Iris Barker
World & Politics
Pfizer and BioNTech vaccines may be admitted to the market in October
Germany will conduct clinical trials of a COVID-19 coronavirus vaccine developed by the German BioNTech and the American Pfizer Inc. If the trials are successful, the companies plan to apply…
Published on September 7, 2020
By Iris Barker
Economics
China’s exports grow as imports fall down
Exports from China to other countries in August rose 9.5% on an annualized basis after growing by 7.2% in July, according to data from Chinese customs. China's imports in August…
Published on September 7, 2020
By Iris Barker
Science & Technology
Samsung to build the world’s largest pharmaceutical plant for $2B
South Korea's Samsung continues to expand its pharmaceutical business, investing nearly $ 2 billion in a drug manufacturing plant that is set to become the largest of its kind in…
Published on September 6, 2020
By Iris Barker
World & Politics
King of Saudi Arabia and Trump discuss work of G20
The King of Saudi Arabia Salman bin Abdulaziz Al Saud discussed the work of the G20 and the situation in the Middle East during a telephone conversation with US President…
Published on September 6, 2020
By Iris Barker
World & Politics
UK and US to begin next round of trade agreement talks on September 8
The UK and the US are planning to begin the fourth round of negotiations on a trade agreement after Britain's withdrawal from the European Union (Brexit) on September 8, UK…
Published on September 3, 2020
By Iris Barker
Business & Finance
Bank of England: Financial sector employees will not be able to quickly and massively return to offices
The Bank of England believes that employees of financial companies and banks will not be able to quickly return to their offices as the British government wants, due to the…
Published on September 2, 2020
By Iris Barker
World & Politics
India enters top 50 of Global Innovation Index for the first time
India entered the top 50 of the Global Innovation Index for the first time, moving up four positions to 48th and retaining its leading position among Central and South Asian…
Published on September 2, 2020
By Iris Barker
World & Politics
US refuse to join global COVID-19 vaccine initiative
The United States will not participate in international efforts to develop and distribute a vaccine against COVID-19, as this initiative is linked to the World Health Organization (WHO), the White…
Published on September 1, 2020
By Iris Barker
Business & Finance
Virgin Atlantic resumes flights from UK to Mumbai, Delhi, Tel Aviv and several US cities
British airline Virgin Atlantic, which is experiencing financial problems due to the COVID-19 crisis, will resume flights to Mumbai, Delhi, Tel Aviv, Lagos, Washington, Las Vegas, Boston and Seattle, according…
Published on September 1, 2020
By Iris Barker
Business & Finance
China’s largest banks show record drop in profits in a decade
Major Chinese banks have reported the most significant drop in profits in more than a decade amid rising bad debts and the authorities’ efforts to spur economic recovery.
Published on August 31, 2020
By Iris Barker
