Iris Barker
Economics
Tesla ends 4th consecutive quarter with a profit
American manufacturer of electric vehicles and solar panels Tesla Inc. in April-June unexpectedly made a profit for the fourth quarter in a row, and its revenue exceeded experts' expectations.
Published on July 23, 2020
By Iris Barker
Business & Finance
Gett raises $100M investment to develop international SaaS platform
Gett, an online taxi service, has raised $ 100 million from new and existing investors and will go towards developing an international SaaS platform for corporate clients, the company said.
Published on July 22, 2020
By Iris Barker
Science & Technology
UK to transfer majority of taxpayers to electronic filing by 2023
The UK plans to almost completely transfer taxpayers to electronic filing of tax returns from April 2023, according to a statement from the country's Treasury.
Published on July 22, 2020
By Iris Barker
Business & Finance
Chevron buys Noble Energy for $ 5B
Chevron Corp, one of the largest US oil companies, has reached an agreement to acquire rival Noble Energy Inc. for $ 5 billion, according to a joint press release between…
Published on July 21, 2020
By Iris Barker
Business & Finance
Eldorado Resorts becomes the largest casino operator in the USA
US casino and hotel operator Eldorado Resorts has completed an acquisition of rival Caesars Entertainment Corp. for $ 17.3 billion. Thus, the largest company in the US gaming industry was…
Published on July 21, 2020
By Iris Barker
Business & Finance
Glovemaker companies surpass Tesla in growth
The price of shares of Malaysian companies, which are engaged in the production of rubber and latex gloves, has risen in the current 2020 more than the shares of the…
Published on July 20, 2020
By Iris Barker
Business & Finance
Netflix adds 10M subscribers amid COVID-19 lockdown, appoints new CEO
Online cinema Netflix said onThursday that it added more than 10 million subscribers in the second quarter and that the company will now be run by two CEOs.
Published on July 17, 2020
By Iris Barker
Business & Finance
US mortgage rate falls below 3% for the first time in history amid the pandemic
The interest rate on a 30-year mortgage loan in the United States fell below 3% for the first time in history, according to the Wall Street Journal.
Published on July 17, 2020
By Iris Barker
Management
Red Bull changes top managers in the US amid internal disagreements over BLM movement
Austrian Red Bull GmbH, the manufacturer of energy drinks Red Bull, has replaced top managers in the United States amid internal disagreements over the company's response to the Black Lives…
Published on July 16, 2020
By Iris Barker
World & Politics
US may take action on TikTok and WeChat in the coming weeks
White House chief of staff Mark Meadows said that the administration is considering a series of actions regarding Chinese applications TikTok, WeChat and others, which could be taken in the…
Published on July 16, 2020
By Iris Barker
World & Politics
China will impose sanctions in response to Trump’s decree on Hong Kong
The Chinese government condemned adoption of the Hong Kong Autonomy Act by the United States and intends to impose sanctions on some Americans and businesses. Such a statement was published…
Published on July 15, 2020
By Iris Barker
Business & Finance
WSJ: Largest US banks boycott oil and gas sector lending
The largest US banks are boycotting oil and gas sector lending, limiting companies' access to borrowed funds and putting millions of jobs at risk, the Wall Street Journal writes.
Published on July 15, 2020
By Iris Barker
Economics
EIA: US will reduce oil production in major oil and gas regions by 0.7% in August
Oil production in the largest oil and gas producing regions of the USA, a significant part of which is shale oil, will decrease by 56 thousand barrels per day, or…
Published on July 14, 2020
By Iris Barker
Economics
$1 trillion increase in debt forecasted for companies around the world in 2020
Companies around the world may increase corporate debt to $ 1 trillion in 2020, trying to strengthen their financial situation in the context of the coronavirus pandemic, according to an…
Published on July 14, 2020
By Iris Barker
Management
Ex-wife of Amazon founder becomes the richest woman in USA
Wealth of the ex-wife of Amazon founder Jeff Bezos grew by almost $ 6 billion in a week. This helped her to take first place in the list of richest…
Published on July 13, 2020
By Iris Barker
Economics
App Annie: 200B hours spent in applications during COVID-19 confinement restrictions
Analysts at App Annie found that the time spent in mobile applications grew by 40% in the second quarter, which saw the peak of quarantine measures in many countries. In…
Published on July 13, 2020
By Iris Barker
Business & Finance
Wirecard accused of involvement in marijuana fraud in USA
The US Department of Justice is checking the German fintech company Wirecard for involvement in financial fraud in the amount of $ 100 million associated with the online sale of…
Published on July 9, 2020
By Iris Barker
Business & Finance
Global computers shipments rise by 11.2% in Q2 – IDC
Global shipments of personal computers (desktop computers, laptops and workstations) in the second quarter grew by 11.2% year-on-year to 72.3 million devices, since maintaining isolation in many countries provoked an…
Published on July 9, 2020
By Iris Barker
Business & Finance
Amazon to pay $ 134.5 thousand for violation of sanctions against Crimea, Iran and Syria
Amazon, the world's largest online retailer, will pay a fine of $ 134,523 to resolve claims by US authorities regarding a company’s violation of a number of sanctions programs. This…
Published on July 8, 2020
By Iris Barker
Science & Technology
UN: Humanity’s actions are the primarily cause of COVID-19 pandemic
UN environmental experts published a study that shows the relationship between environmental change and growing cases of transmission of viruses from animals to humans (zoonotic diseases), which, in particular, resulted…
Published on July 8, 2020
By Iris Barker
Business & Finance
US may ban Chinese TikTok
The US authorities want to consider a possibility of banning the popular application Chinese TikTok in the country. The corresponding statement was made by Secretary of State Michael Pompeo on…
Published on July 7, 2020
By Iris Barker
Economics
Iran cuts oil production to 40 years low as storages are full
Iran has reduced oil production to a minimum over the past 40 years amid nearly full storage facilities due to consequences of the novel coronavirus pandemic and a drop in…
Published on July 7, 2020
By Iris Barker
World & Politics
Facebook, WhatsApp suspend user data disclosure to Hong Kong authorities
Facebook and WhatsApp will temporarily stop transfer of user data at the request of Hong Kong law enforcement agencies.
Published on July 6, 2020
By Iris Barker
Business & Finance
UK watchdog demands that the Big Four separate audit from main business
The Financial Reporting Council (FRC) of the United Kingdom presented its new principles for the work of audit firms. The regulator requires the “Big Four” audit and consulting companies -…
Published on July 6, 2020
By Iris Barker
World & Politics
UK may begin to refuse Huawei’s participation in 5G networks in six months
UK authorities may begin to refuse participation of the Chinese company Huawei in 5G networks in six months, according to Telegraph.
Published on July 6, 2020
By Iris Barker
Business & Finance
Atlantic Coast Pipeline gas project closed in the US amid delays and price risks
The Atlantic Coast Pipeline (ACP) gas pipeline project is closed amid uncertainty with prices and regulation, the project’s organizers Dominion Energy and Duke Energy said in a press release.
Published on July 6, 2020
By Iris Barker
Business & Finance
Pizza Hut and Wendy’s franchisee asks for bankruptcy protection in USA
NPC International, one of the largest franchisee restaurant chains in the United States, has filed a lawsuit to protect against creditors under Chapter 11 of the American Bankruptcy Code.
Published on July 3, 2020
By Iris Barker
Economics
German authorities prepare €42.5B tax exemptions until 2024
Ministry of Finance of the Federal Republic of Germany is developing a bill to reduce the tax burden for a total of €42.5 billion inclusive until 2024, the Handelsblatt publication…
Published on July 3, 2020
By Iris Barker
World & Politics
WTO accuses Saudi Arabia of non-compliance with anti-piracy requirements
The World Trade Organization (WTO) has sided with Qatar in its dispute with Saudi Arabia about the illegal use of broadcasts of the sports channel beIN SPORTS. The organization believes…
Published on July 2, 2020
By Iris Barker
Business & Finance
Google will postpone opening USA offices due to new outbreaks of coronavirus
New outbreaks of the COVID-19 coronavirus in the United States forced Google to postpone opening of offices. The company was about to return some employees from remote work in July,…
Published on July 2, 2020
By Iris Barker
World & Politics
USA declares Chinese Huawei and ZTE a threat to national security
The US Federal Communications Commission (FCC) has officially declared Chinese telecommunications companies Huawei and ZTE a national security threat.
Published on June 30, 2020
By Iris Barker
World & Politics
Hong Kong National Security Law passed in Beijing
The Standing Committee of the National People's Congress (NPC) on Tuesday passed the Hong Kong National Security Law, the Hong Kong edition of the South China Morning Post reported.
Published on June 30, 2020
By Iris Barker
Economics
Coffee prices show greates drop in 5 years
Since the end of March, the cost of Arabica coffee futures fell by 16% - this is the strongest quarterly drop in five years. Experts see the reason for this…
Published on June 30, 2020
By Iris Barker
Business & Finance
EU to check German financial watchdog in connection with Wirecard scandal
Brussels will demand an audit against the German Federal Financial Supervisory Authority (BaFin) for non-compliance with its responsibilities for the supervision of fintech company Wirecard AG, the collapse of which…
Published on June 29, 2020
By Iris Barker
Business & Finance
Microsoft to close all its retail stores
Microsoft announced plans to close all its physical stores as part of a new approach to retail.
Published on June 29, 2020
By Iris Barker
Business & Finance
Macy’s will lay off 3,900 employees amid the crisis
US Macy's Inc. announced downsizing of 3,900 jobs amid the crisis caused by the COVID-19 pandemic.
Published on June 26, 2020
By Iris Barker
World & Politics
Pompeo accuses China of “terrible conditions” at One Belt One Road projects
US Secretary of State Mike Pompeo accused China of forcing people to work under "terrible" conditions at the One Belt One Road (OBOR) projects.
Published on June 26, 2020
By Iris Barker
Economics
US oil production goes up for the first time in 11 weeks
US oil production for the week ending June 19 rose by 0.5 million to 11 million barrels per day, according to a weekly review of the energy information department of…
Published on June 25, 2020
By Iris Barker
Business & Finance
Bayer AG to pay over $10B to settle claims on carcinogen herbicide
The German chemical company Bayer AG has agreed to an out-of-court settlement of about 100,000 lawsuits in the United States, which accuses the company of spreading the carcinogenic herbicide Roundup.
Published on June 25, 2020
By Iris Barker
Business & Finance
PSA Group minority shareholder calls for review of merger with Fiat Chrysler
The French investment company Phitrust, a minority shareholder in the PSA Group (which produces Peugeot and Citroen cars, as well as DS, Opel and Vauxhall), has opposed the merger of…
Published on June 23, 2020
By Iris Barker
Science & Technology
Amazon launches venture capital fund to support transition to renewable energy
American technology company and the largest online retailer Amazon is launching a venture fund to support renewable energy initiatives and reduce carbon emissions. The initial capital of the fund will…
Published on June 23, 2020
By Iris Barker
Economics
Central banks in developing countries are lowering rates to fight looming crisis
Developing countries, where the growth in the number of cases began later than in Europe and the USA, and is currently at its peak, are forced to take new measures…
Published on June 23, 2020
By Iris Barker
World & Politics
South Korea announces second wave of COVID-19 coronavirus
South Korea officially announced that it is facing the second wave of the COVID-19 coronavirus. Authorities did not expect it so soon.
Published on June 23, 2020
By Iris Barker
Business & Finance
Japanese airline JAL plans to pay each up to $1,400 to each employee
One of the leading air carriers in Japan, Japan Airlines (JAL) announced its intention to pay each employee up to 150 thousand yen (about $1.4 thousand) as measures to support…
Published on June 22, 2020
By Iris Barker
Economics
BMW to downsize 6,000 employees, stop cooperation with Daimler on drones
German carmaker Bayerische Motoren Werke AG (BMW) announced its intention to cut 6,000 jobs due to the negative consequences of the COVID-19 coronavirus pandemic.
Published on June 22, 2020
By Iris Barker
World & Politics
Japan and Vietnam partially remove travel restrictions
Japan and Vietnam agreed on a partial and phased lifting of travel restrictions between the two countries, said the Japanese Foreign Ministry.
Published on June 19, 2020
By Iris Barker
Economics
US shale oil companies expect to restore a quarter of production lost due to COVID-19
By the end of June, American shale companies will return to the market about 500 thousand barrels of oil per day, which is about a quarter of the volume of…
Published on June 19, 2020
By Iris Barker
Business & Finance
Saudi Aramco buys 70% in Sabic for $69.1B
Saudi Aramco closed a deal to buy a stake in the Saudi petrochemical company Sabic from the Saudi National Wealth Fund's Public Investment Fund (PIF), Aramco said. The company paid…
Published on June 17, 2020
By Iris Barker
Management
Hilton to reduce 22% of staff worldwide
The American hotel chain Hilton Worldwide Holdings announced a reduction in the number of employees worldwide by about 22%.
Published on June 17, 2020
By Iris Barker
Economics
Number of poor in Italy will increase by a million in a year
By the end of the year, the number of poor people in Italy may increase by a million people due to the coronavirus pandemic, the Coldiretti Association of Agricultural Producers…
Published on June 17, 2020
By Iris Barker
