Iris Barker
Economics
EC defines timing of work on EU seven-year budget
European Commission President Ursula von der Leyen said that work on the EU’s seven-year budget is expected to continue until the end of this year.
Published on February 23, 2020
By Iris Barker
World & Politics
France shuts down first reactor of the country’s oldest NPP
The French energy corporation EDF shut down reactor No. 1 of the oldest French nuclear power plant Fessenheim, the company’s website reports.
Published on February 23, 2020
By Iris Barker
Business & Finance
Victoria’s Secret to change owner
The American company L Brands announced sale of its lingerie brand Victoria's Secret. The controlling stake will be sold to Sycamore Partners, a private investment company that will acquire 55%…
Published on February 21, 2020
By Iris Barker
World & Politics
Germany pledges to fight right-wing extremism after Hanau shooting
Germany intends to fight against radical right-wing terrorism and extremism. This was announced on Thursday by leading politicians and officials of Germany. Thus, the German authorities reacted to the largest…
Published on February 21, 2020
By Iris Barker
Business & Finance
Moller-Maersk receives $ 84 million net loss in 2019
Net loss of the Danish sea container carrier A.P. Moller-Maersk A/S amounted to $ 84 million in 2019, against a net profit of $ 2.98 billion a year ago, follows…
Published on February 20, 2020
By Iris Barker
Business & Finance
OPEC+ cancels unscheduled summit due to coronavirus
OPEC has sent invitations to cartel members and their allies on the OPEC + deal for a meeting scheduled for early March in December, Bloomberg reports citing sources.
Published on February 20, 2020
By Iris Barker
World & Politics
Ex-head of Mexican Pemex will be transferred to Madrid prison
Emilio Lozoya, the former head of Pemex (Mexican oil and gas corporation), will be transferred from a prison in Malaga to Madrid, Europa Press agency reports citing unnamed sources.
Published on February 19, 2020
By Iris Barker
Economics
Japan’s exports keep falling for 14th consecutive month
Orders for manufacturing equipment in Japan have been falling at the fastest pace since 2018. Japan's exports showed a decline for the 14th consecutive month.
Published on February 19, 2020
By Iris Barker
Business & Finance
Glencore posts $404M net loss in 2019
Swiss commodity trader Glencore in 2019 received a net loss attributable to shareholders of $ 404 million, compared with a profit of $ 3.4 billion a year earlier, the trader’s…
Published on February 18, 2020
By Iris Barker
Management
HSBC to downsize nearly 35,000 employees
HSBC British Bank released the results of 2019 and announced upcoming large-scale reforms. The bank’s shareholder earnings fell by 53% to $ 6 billion, due to write-offs of $ 7.3…
Published on February 18, 2020
By Iris Barker
Business & Finance
Volkswagen sales in China collapse in January by 11%
German automaker Volkswagen AG announced a 11% decline in sales in China in January amid an outbreak of pneumonia caused by the Covid-19 coronavirus.
Published on February 17, 2020
By Iris Barker
Business & Finance
Toshiba receives $ 1.3 billion of net loss in 2019-2020
Net loss of the Japanese electronic giant Toshiba Corporation for the first nine months of the financial year 2019-2020 (ended December 31) amounted to 145.63 billion yen (1.33 billion dollars);…
Published on February 14, 2020
By Iris Barker
World & Politics
Record high temperature observed in Antarctica
For the first time, scientists recorded temperatures exceeding 20 degrees Celsius in Antarctica. However, they see no connection between this phenomenon and global warming.
Published on February 14, 2020
By Iris Barker
Business & Finance
Tesla to recall 15,000 SUVs in USA and Canada
The American manufacturer Tesla is recalling 15,000 Model X SUVs due to a possible problem that could lead to loss of control over the power steering, Reuters reported with reference…
Published on February 13, 2020
By Iris Barker
Economics
Experts: Ecosystems degradation could cost global economy $ 10 trillion
The WWF Global Futures report presented results of a study assessing the impact of degradation of basic ecosystem services on the GDP of the world and 140 countries.
Published on February 13, 2020
By Iris Barker
Science & Technology
Financial giants and US government turn to quantum computers
Last Monday, the US presidential administration introduced a draft budget that provides for a nearly two-fold – up to almost $ 1 billion - increase in the allocation for the…
Published on February 12, 2020
By Iris Barker
Business & Finance
Boeing receives zero new orders in January 2020
Amid the problems of the American company, its French competitor Airbus received 274 orders. Boeing's troubles began after two disasters involving 737 MAX airliners and the investigation that followed.
Published on February 12, 2020
By Iris Barker
Business & Finance
Chinese carmakers and Apple’s supplier start producing mouth masks
Due to the shortage of medical masks, Asian businesses is forced to re-profile its production facilities. Now, oil companies, car companies and even Apple are producing coronavirus protection products.
Published on February 11, 2020
By Iris Barker
World & Politics
Venezuela to initiate international litigation against USA because of sanctions
Venezuela intends to file an international lawsuit against the US government for damage to local companies caused by sanctions, said President Nicolas Maduro. According to him, such a decision was…
Published on February 11, 2020
By Iris Barker
Business & Finance
Robo-advisers market reaches $1.4 trillion
According to the forecasts of the LearnBonds financial portal, the global industry of automated robotic investment advisers (robotic advisers) this year will reach $ 1.4 trillion, which is an increase…
Published on February 10, 2020
By Iris Barker
Economics
Trump tariffs affect US trade deficit
Last year, the deficit of US foreign trade in goods and services decreased for the first time in the last six years. In 2019, it amounted to $ 616.8 billion,…
Published on February 10, 2020
By Iris Barker
Business & Finance
J&J fined $750M in USA because of asbestos in talc
Court in the US state of New Jersey ordered Johnson & Johnson (J&J) to pay $ 750 million in compensation for moral damages to four plaintiffs who claimed to be…
Published on February 7, 2020
By Iris Barker
Economics
SEC Commissioner proposes to introduce regulatory holidays for blockchain companies
Start-ups that attract financing through ICOs have to have three-years long holidays from regulation. Regulators are supposed to use this term to decide whether certain tokens belong to the category…
Published on February 7, 2020
By Iris Barker
Science & Technology
Google’s subsidiary launches recognition service for photoshopped images
Alphabet subsidiary has released a service that helps to identify photoshopped pictures. The project, as the developer hopes, will help reporters identify fake information.
Published on February 5, 2020
By Iris Barker
Business & Finance
NYSE owner to buy eBay for $ 30 billion
ICE, the owner of the New York Stock Exchange, has made an offer to purchase an eBay online marketplace, WSJ sources said. As part of the deal, eBay could be…
Published on February 5, 2020
By Iris Barker
Economics
Turkey’s inflation accelerates for the third month in a row
Inflation in Turkey accelerated in January for the third month in a row, exceeding analysts' expectations.
Published on February 4, 2020
By Iris Barker
Economics
Developing economies slowing down in 2019
The American economy’s growth rate in 2019 compared to 2018 slowed significantly - to 2.3% from 2.9%. Separately, in the fourth quarter, US GDP growth amounted to 2.1%. At the…
Published on February 4, 2020
By Iris Barker
Economics
Experts warn of risk for global economic growth due to housing markets downturn
Activity in real estate markets around the world - from the UK to China and Australia - is slowing, putting pressure on the global economy, which last year showed the…
Published on February 3, 2020
By Iris Barker
Economics
Citi downgrades Brent barrel price forecast for Q1 due to coronavirus
American Investment Bank Citigroup Inc. lowered its forecast for the cost of Brent crude oil in the first quarter of 2020 to $54 dollars per barrel from the previously expected…
Published on February 3, 2020
By Iris Barker
Economics
IMF Head believes coronavirus can affect global economy
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), believes that the outbreak of the coronavirus could have a negative impact on the global economy in the first quarter…
Published on January 31, 2020
By Iris Barker
Business & Finance
Deutsche Bank posts € 5.3 billion in annual loss due to restructuring
Deutsche Bank showed an annual loss amid ongoing restructuring and growing competition from other banks.
Published on January 31, 2020
By Iris Barker
Business & Finance
Global jewelry demand falls by 6% in 2019
Global demand for gold jewelry in 2019 decreased by 6% and amounted to 2.107 thousand tons, according to the Gold Demand Trends report of the World Gold Council, WGC.
Published on January 30, 2020
By Iris Barker
Business & Finance
Unilever’s net profit falls by 38.4% in 2019
According to the results of 2019, the international producer of consumer goods Unilever reduced its net profit by 38.4% in annual terms to €6.026 billion, the company said.
Published on January 30, 2020
By Iris Barker
World & Politics
Hong Kong protesters block railway to mainland
This time, activists oppose authorities taking measures to counter the spread of the outbreak of pneumonia caused by the new 2019-nCoV coronavirus in China. This, in particular, refers to the…
Published on January 29, 2020
By Iris Barker
Business & Finance
Toyota follows Honda, postpones resumption of Chinese factories due to virus outbreak
Toyota Automobile Group decided to postpone the resumption of four of its factories in China after the end of the New Year's celebration on the lunar calendar in connection with…
Published on January 29, 2020
By Iris Barker
Business & Finance
Apple to increase iPhone production by 10% in the first half of 2020
The American corporation Apple asks suppliers to increase production of iPhone smartphones in the first half of the year by about 10% to 80 million units, while suppliers fear the…
Published on January 28, 2020
By Iris Barker
World & Politics
Heavy rain kills 47 people in southeast Brazil
At least 47 people died due to landslides caused by heavy rains in Minas Gerais in southeast Brazil, the regional civil defense service said.
Published on January 28, 2020
By Iris Barker
Business & Finance
Riyadh to buy Newcastle United
The Saudi Arabia Public Investment Fund (PIF) is negotiating with British businessman Mike Ashley to buy the Newcastle United football club in the British Premier League, sources close to discussing…
Published on January 27, 2020
By Iris Barker
World & Politics
French tour operators will stop sending tourists to China until February 21
The Union of Tour Operators of France (SETO) recommended that tourists not be sent to China until February 21 due to an outbreak of pneumonia caused by the new coronavirus,…
Published on January 27, 2020
By Iris Barker
Economics
Fitch downgrades Argentina’s rating to “restricted default”
Rating agency Fitch Ratings announced a decision to lower the credit risk assessment of Argentina's long-term debt in local currency from "CC" to "RD".
Published on January 24, 2020
By Iris Barker
World & Politics
Heads of the European Council and European Commission sign Brexit agreement
On Friday, January 24, Head of the European Council, Charles Michel, and Head of the European Commission, Ursula von der Leyen, signed an agreement on the conditions for Britain to…
Published on January 24, 2020
By Iris Barker
Business & Finance
Baker Hughes net profit falls by 34% in 2019
According to the results of 2019, the American oilfield services company Baker Hughes received a net profit attributable to shareholders in the amount of $ 128 million, which is 34%…
Published on January 23, 2020
By Iris Barker
Economics
Japan trade deficit totals $ 15 billion in 2019
The trade war and a slowdown in China's economy hit exports.
Published on January 23, 2020
By Iris Barker
Economics
Netflix profit grows, but forecast is gloomy
Netflix stocks fluctuated on Tuesday after the company's report for the IV quarter. The company’s performance was better than expected, but forecast for the first quarter is disappointing. Interestingly, the…
Published on January 22, 2020
By Iris Barker
Economics
Deadly virus outbreak in China scares investors away
The outbreak of the new human-to-human coronavirus has dampened investor enthusiasm for the Chinese stock market, which previously had the fastest growth in recent years. Among the main victims are…
Published on January 22, 2020
By Iris Barker
Business & Finance
Tesla to buy land near Berlin for its first European plant
American electric vehicle manufacturer Tesla Inc. agreed to acquire a plot of land in a suburb of Berlin, where the company will build his first European plant, local authorities say.
Published on January 21, 2020
By Iris Barker
Economics
Germany to allocate half a billion EUR for innovation in small business
Young and small companies will receive special support from the state in Germany. Subsidies volume can reach up to €2.3 million.
Published on January 21, 2020
By Iris Barker
World & Politics
UK adds Greenpeace, PETA to extremist organizations list
Greenpeace, PETA animal rights organization, and a number of other movements have been included in the UK’s recommendations to counter extremist movements such as various neo-Nazi groups in the UK.
Published on January 20, 2020
By Iris Barker
Science & Technology
Amazon will allow customers to pay with palms instead of cards
Amazon, the world's largest online retailer, wants to take one-touch payments to the next level. The company will create terminals that allow paying with a palm instead of a credit…
Published on January 20, 2020
By Iris Barker
Economics
Analytics: Excess oil protects prices from risks
Global oil production in December 2019 immediately fell by 780 thousand barrels per day (bpd), to 100.7 million bpd, and this is 1.3 million bpd less than a year earlier,…
Published on January 17, 2020
By Iris Barker
