Iris Barker
World & Politics
Peru to create over 1M jobs in the second half of 2020
The authorities of Peru intend to create more than a million new jobs in the second half of this year through investments in roads, housing and agriculture, said Peruvian President…
Published on June 16, 2020
By Iris Barker
Science & Technology
US to allow its companies to collaborate with Huawei on 5G network standards
The United States has confirmed that it intends to amend the previously imposed bans on cooperation with Huawei, which will allow US companies to work with the Chinese telecommunications giant…
Published on June 16, 2020
By Iris Barker
Economics
Indian business counts millions lost during isolation regime
Millions of losses and complete uncertainty about tomorrow - this is how Indian businessmen describe the result of a three-month isolation regime in the country introduced in connection with the…
Published on June 15, 2020
By Iris Barker
Business & Finance
Iraq agrees with foreign companies to reduce oil production in June
Iraq has agreed with foreign companies to further reduce oil production in June, as the country is trying to improve its execution of the OPEC + deal, Reuters reported citing…
Published on June 15, 2020
By Iris Barker
Business & Finance
Thousands of UK pubs will not be able to open without government help
In the UK, several thousand pubs will not be able to resume work when the restrictions associated with the coronavirus are lifted, The Independent writes on Thursday.
Published on June 11, 2020
By Iris Barker
Economics
OECD updates global economy forecast for second pandemic wave
The global economy, even in the absence of a second wave of a pandemic and new restrictions, will decrease by 6% in 2020. In the event of a second outbreak,…
Published on June 11, 2020
By Iris Barker
Business & Finance
Ford recalls 2.5M cars in North America
On Wednesday, Ford announced a recall of a total of 2.5 million cars of various models in North America due to potential problems with closing doors and leaking brake fluid,…
Published on June 11, 2020
By Iris Barker
Science & Technology
Amazon forbids use of its face recognition technology in the US police
Amazon said that police departments in the United States will not be able to use the company’s face recognition software within the year. According to Amazon, this is a Rekognition…
Published on June 11, 2020
By Iris Barker
Management
CrossFit CEO quits after comments about Floyd
CrossFit founder Greg Glassman stepped down as CEO after losing the partnership with the Reebok brand and affiliated gyms due to his Twitter post joking about African-American George Floyd murdered…
Published on June 9, 2020
By Iris Barker
World & Politics
UN Secretary General warns of food shortages due to COVID-19 pandemic
The novel coronavirus pandemic is threatening with a global food emergency in the world, said UN Secretary General António Guterres. According to him, it will have long-term consequences for “hundreds…
Published on June 9, 2020
By Iris Barker
Business & Finance
BP to cut 15% of staff within transition to renewables program
The British oil and gas company BP plans to reduce about 15% of its employees due to the situation with coronavirus, as well as adapting to the trend towards the…
Published on June 9, 2020
By Iris Barker
World & Politics
EU continues talks on creating economic recovery fund
The EU countries are trying to agree on the creation of an economic recovery fund in the amount of €750 billion. The European Commission has previously made such a proposal.…
Published on June 8, 2020
By Iris Barker
Business & Finance
South American Latam says it needs $2B to survive
Latam, one of South America’s largest airlines, needs $ 2 billion to deal with the crisis because of the novel coronavirus pandemic, the company’s CEO Roberto Alvo told The Clinic.
Published on June 8, 2020
By Iris Barker
World & Politics
Nike to donate $40M to support African American communities in US
The American company Nike will donate $ 40 million to support the African American community of the United States, the company said in a statement.
Published on June 8, 2020
By Iris Barker
Business & Finance
Toshiba reports $1,05B net loss in 2019-2020
Net loss of the Japanese electronics giant Toshiba Corporation for the fiscal year 2019-2020 (ended March 31) amounted to 114.6 billion yen ($ 1.05 billion) against a profit of 1.013…
Published on June 5, 2020
By Iris Barker
Economics
Kyodo: Consumption in Japan nosedives during lockdown
In April, consumption in Japan fell by a record 11.1% compared with the corresponding period last year, the Kyodo agency reported, citing the Ministry of National Affairs.
Published on June 5, 2020
By Iris Barker
World & Politics
Unemployment in Germany reaches four-year high in May
In May, the number of unemployed increased by 238 thousand to 2.875 million people in Germany, the Federal Employment Agency said. Unemployment jumped to 6.3% compared to 5.8% in the…
Published on June 4, 2020
By Iris Barker
Economics
Investors pour over $150B into “coronabonds”
Governments, banks and companies around the world, as well as international organizations, raised a total of $ 151.1 billion from the sale of bonds issued to combat the effects of…
Published on June 4, 2020
By Iris Barker
Business & Finance
Volkswagen closes $ 2.6B deal with self-driving technology platform
German automaker Volkswagen AG closed a $ 2.6 billion deal with Argo Al, an American manufacturer of unmanned vehicle systems.
Published on June 3, 2020
By Iris Barker
Economics
S&P500 hits 3 months maximum
US stock indexes rose during trading on Tuesday, while the S&P 500 reached its highest level in the last 12 weeks, Trading Economics notes.
Published on June 3, 2020
By Iris Barker
Management
SEC: Number of whistleblowers goes up as companies allow employees to work from home
A side effect of the coronavirus pandemic, which forced many companies to transfer employees to a remote mode of operation, send people on leave without pay or even get fired,…
Published on June 2, 2020
By Iris Barker
World & Politics
US-China trade deal at risk due to Hong Kong protest
Chinese state-owned companies have suspended purchases of American food in response to Washington’s decision to strip Hong Kong of its privileged bilateral trade status. Further development of this conflict may…
Published on June 1, 2020
By Iris Barker
Economics
Japanese companies show strongest profit decline since 2009
Japanese corporations and companies showed the most powerful decline in revenue since 2009 in the first quarter of this year due to the situation with the novel coronavirus, when the…
Published on June 1, 2020
By Iris Barker
World & Politics
Merkel refuses to visit G7 summit
German Chancellor Angela Merkel refused to visit the G7 summit in Washington, which US President Donald Trump proposed to hold in June. This is reported by Politico, citing sources in…
Published on June 1, 2020
By Iris Barker
Economics
Analysts: Oil exporting countries are counting losses
Exports of the G20 countries in January – March 2020, when quarantine restrictions were just beginning to apply in most countries, has already decreased by 4.3% compared to the previous…
Published on May 29, 2020
By Iris Barker
Management
American Airlines to downsize 30% of managers and administrative staff
American Airlines intends to downsize 30% of its managers and administrators, according to The Wall Street Journal, citing a letter sent to the airline. In total, the reduction will affect…
Published on May 29, 2020
By Iris Barker
Economics
Venezuela teams up with UN program to send part of its gold reserve to fight COVID-19
Venezuela has entered into an agreement with the United Nations Development Program (UNDP) to channel some of the republic’s gold reserves held by the Bank of England to supply food…
Published on May 28, 2020
By Iris Barker
Business & Finance
HP Inc’s net profit falls by 9% in the first half of 2019-2020
Net income of HP Inc. amounted to $ 1.442 billion according to the results of the first six months of the 2019-2020 financial year ending April 30. This is 9%…
Published on May 28, 2020
By Iris Barker
Business & Finance
Fiat Chrysler and BMW resume production in Mexico
Fiat Chrysler Group (FCA) announced a phased launch of two plants in the state of Mexico; BMW will begin production on May 27.
Published on May 27, 2020
By Iris Barker
Economics
IEA expects global energy investment cuts
Global energy investment in 2020 will fall by one fifth (20%), or almost $ 400 billion, compared to 2019 due to the COVID-19 pandemic. It will be the largest decline…
Published on May 27, 2020
By Iris Barker
Economics
Bank of Canada: Economic recovery will require significant stimulus
Bank of Canada intends to provide significant stimulus to the economy for the foreseeable future to help the country recover from the damage caused by the novel coronavirus pandemic, the…
Published on May 26, 2020
By Iris Barker
World & Politics
WHO: We are in the middle of the first wave of COVID-19 pandemic
So far, the world has only reached the middle of the first wave of the COVID-19 coronavirus pandemic, said Mike Ryan, Executive Director for the World Health Organization (WHO).
Published on May 26, 2020
By Iris Barker
Economics
German economy shows record fall in January-March
In the first quarter of 2020, the German economy contracted by 2.2% compared to the fourth quarter of 2019, according to the final data of the Federal Statistical Agency of…
Published on May 25, 2020
By Iris Barker
World & Politics
Portugal supports Germany, France’s idea to create €500B fund
Head of the Eurogroup and the Minister of Finance of Portugal, Mario Centeno, supported the initiative of Germany and France to create a €500 billion fund for the restoration of…
Published on May 25, 2020
By Iris Barker
Business & Finance
Over 90% of SMEs in China resume work in May
As of Monday, May 18, about 91% of medium and small enterprises in China have resumed work, which was suspended due to the pandemic of the coronavirus infection COVID-19, according…
Published on May 21, 2020
By Iris Barker
Business & Finance
Marks & Spencer notes change in customers preferences during lockdown
The UK retailer Marks & Spencer told about changing consumer habits during a pandemic. Its clients now prefer sportswear to suits and ties, and bras have become the most popular…
Published on May 21, 2020
By Iris Barker
World & Politics
EC sets to lower use of pesticides and fertilizers in EU in 10 years
The European Commission presented a strategy within which it set to achieve a significant reduction in the use of pesticides and fertilizers in the EU, as well as reducing the…
Published on May 20, 2020
By Iris Barker
Economics
UK places government bonds with negative yield
On Wednesday, the UK placed government bonds maturing in July 2023 in the amount of 3.8 billion pounds ($ 4.66 billion).
Published on May 20, 2020
By Iris Barker
World & Politics
UK calls for affirmative approach to Brexit negotiations
The UK is surprised by the unbalanced requirements for a Brexit trade transaction from the EU, which slows down negotiations and agreement. London calls on Brussels to a fair approach…
Published on May 19, 2020
By Iris Barker
Business & Finance
Volkswagen to pay €9M to dismiss case against two top managers
The German automobile group Volkswagen agreed to pay €9 million to dismiss a case against the head of the board of the automobile concern Herbert Diess and the chairman of…
Published on May 19, 2020
By Iris Barker
Economics
US to cut shale oil production by 2.5% in June – EIA
Shale oil production in the largest oil and gas producing regions of the United States in June will decrease compared with May by 197 thousand barrels per day, or 2.5%,…
Published on May 18, 2020
By Iris Barker
Business & Finance
Apple: Our privacy policy is not a threat to national security
Apple has rejected a statement by US Attorney General William Barr that its policy to protect personal data, including from law enforcement, threatens US national security, Bloomberg reports citing Apple.
Published on May 18, 2020
By Iris Barker
World & Politics
Over 60 countries call for independent investigation of COVID-19 origin
The initiative of the European Union and Australia on the eve of the World Health Assembly has been criticized both in China and the United States.
Published on May 18, 2020
By Iris Barker
Business & Finance
JCPenney announces bankruptcy
As expected, JC Penney, one of the largest US department store chains, filed for bankruptcy. This is stated in the message of the company, founded in 1902.
Published on May 18, 2020
By Iris Barker
Economics
FedEx limits number of parcels from retailers due to COVID-19
American FedEx Corp, one of the world's largest transport and logistics companies, has limited the number of packages that Kohl's Corp and about twenty other retailers can send from stores,…
Published on May 14, 2020
By Iris Barker
Economics
The Bank of Mexico lowers interbank rate for the third time in 2020
The Board of Governors of the Bank of Mexico announced the next market-expected decrease in the interbank interest rate to 5.5% amid the unfolding crisis caused by the COVID-19 pandemic.
Published on May 14, 2020
By Iris Barker
Management
WTO Director General to resign
The Director General of the World Trade Organization (WTO), Roberto Azevêdo, told the governments of member countries that he plans to resign before the end of his term of office…
Published on May 13, 2020
By Iris Barker
Business & Finance
Moody’s downgrades global car sales forecast for 2020 to 20% decline
The international rating agency Moody's Investors Service (Moody's) has worsened its forecast for car sales in the world in 2020 to fall by 20% instead of the previous March forecast…
Published on May 13, 2020
By Iris Barker
Economics
US Energy Department: Oil reserves growth will gain speed in Q2, slowdown expected later
The US Department of Energy expects accelerated growth in world oil reserves in the second quarter to 11.5 million barrels per day from 6.6 million barrels per day in the…
Published on May 12, 2020
By Iris Barker
Science & Technology
Facebook records 50 million fake COVID-19 messages in April
Facebook discovered 50 million posts with false information about the coronavirus in April, the company said.
Published on May 12, 2020
By Iris Barker
