Iris Barker
Economics
Study: Agriculture-dependent developing countries are more vulnerable to climate risks
Climate change “can both improve and worsen the food system,” McKinsey Global Institute’s latest report on climate risks says. Yields in some regions may increase, while environmental conditions may lead…
Published on January 17, 2020
By Iris Barker
Economics
China estimates 2019 GDP growth at more than 6%
Vice Premier of the State Council of the PRC Liu He said that China's GDP growth in 2019 is estimated at more than 6%, according to the Chinese state news…
Published on January 16, 2020
By Iris Barker
Economics
Lockheed Martin receives $30Mln contract from US Department of Defense
The Pentagon will allocate funds for the next phase of the OpFires weapons integration program.
Published on January 16, 2020
By Iris Barker
Economics
Experts: Debts are growing faster than economy
According to the results of the third quarter of 2019, the total debt burden of households, governments, financial and non-financial corporations in the world grew to a record high of…
Published on January 15, 2020
By Iris Barker
Business & Finance
US court orders Telegram to disclose financial data at SEC’s request
The US court demanded that Telegram disclose financial information, the access to which is requested by the US Securities and Exchange Commission. The company must transmit all the necessary documents…
Published on January 15, 2020
By Iris Barker
Business & Finance
Visa to pay $5,3B for Plaid fintech startup
US payment system Visa Inc. acquires Plaid startup for $ 5.3 billion. Plaid helps link bank accounts to mobile applications, according to Visa’s press release.
Published on January 14, 2020
By Iris Barker
Economics
USA pushing on China to ditch Iranian petroleum
The US is demanding that China stop buying oil from Iran. It is China that imports the lion's share of the oil remaining on sale after the introduction of anti-Iranian…
Published on January 14, 2020
By Iris Barker
World & Politics
Indonesia, UAE sign nearly $23B deal
Indonesia signed 11 business agreements with the United Arab Emirates totaling 314.9 trillion rupees ($ 23 billion). This was announced by Indonesian President Joko Widodo on his Twitter page.
Published on January 13, 2020
By Iris Barker
Business & Finance
Nissan management accelerates preparation of secret plan to leave alliance with Renault
Top managers of Nissan Motor Co have stepped up preparation of a secret plan to exit the alliance with Renault after the ex-head of both companies Carlos Ghosn fled from…
Published on January 13, 2020
By Iris Barker
Business & Finance
BMW hits record high sales in 2019
According to the results of 2019, the German BMW Group again reached a record level of sales of 2.52 million cars, which is 1.2% higher than the previous year, the…
Published on January 10, 2020
By Iris Barker
Economics
Analysts: Global economy lost over $ 8B due to Internet outages in 2019
The global economy lost $ 8.05 billion in 2019 due to deliberate Internet outages, mainly caused by governments of different countries. This was calculated by Top10VPN specialists.
Published on January 10, 2020
By Iris Barker
Economics
Nigeria to increase LNG capacities
Partners in the Nigeria LNG (Nigerian National Petroleum Corp) project - Shell, Total and Eni - made the final investment decision (FID) to increase the plant’s capacity from 22 million…
Published on January 9, 2020
By Iris Barker
Economics
IIF: Capital inflows to emerging markets grows in 2019
The stock markets of developing countries in 2019 attracted $ 310 billion of portfolio investments of non-residents - against $ 194 billion a year earlier and $ 375 billion in…
Published on January 9, 2020
By Iris Barker
Business & Finance
Uber buys Middle Eastern Careem Networks for $ 3.1B
US Uber, an American taxi and food delivery service, closed a deal to buy Middle Eastern rival Careem Networks for $ 3.1 bln.
Published on January 7, 2020
By Iris Barker
World & Politics
US to respond to Iran’s attacks on US bases in Iraq
The decision on retaliatory measures against Iran’s missile strikes against US military bases in Iraq will be made on the basis of a full assessment of the situation, said Senator…
Published on January 7, 2020
By Iris Barker
Management
Banks around the world announce largest staff reductions since 2015
Banks around the world are announcing job cuts, which could be the biggest in four years, cutting back on spending amid a slowdown in the global economy and a shift…
Published on December 29, 2019
By Iris Barker
World & Politics
Irish Passport issues hit record in anticipation of Brexit
Nearly a million Irish passports were issued in 2019, according to The Guardian, citing the Irish government.
Published on December 29, 2019
By Iris Barker
Business & Finance
Alibaba’s market cap becomes the largest in Asia
Chinese Internet company Alibaba has become Asia's largest capitalization company. Now it ranks seventh in the world in terms of value, according to Nikkei Asian Review.
Published on December 27, 2019
By Iris Barker
Science & Technology
China to deploy giant Beidou global navigation system in 2020
It is planned to fully complete the deployment of the system by mid-2020.
Published on December 27, 2019
By Iris Barker
Business & Finance
Elon Musk’s ‘nightmare’ raises $1.3B
American electric car maker Rivian raised $ 1.3 billion, CNN writes. The money was raised by T. Rowe Price, an investment company that owns a stake in Tesla. Rivian was…
Published on December 26, 2019
By Iris Barker
Economics
Aging populations and trade wars hit South Korean households
The Central Bank of South Korea notes a decrease in the financial stability of households, despite a slowdown in borrowing growth, the Yonhap agency reported citing a regulator report sent…
Published on December 26, 2019
By Iris Barker
World & Politics
Reporters Without Borders calls to release Julian Assange
The founder of WikiLeaks must be released from Belmarsh prison in the light of reports of deterioration in his health, human rights activists say. Reporters Without Borders called on the…
Published on December 25, 2019
By Iris Barker
Management
Travis Kalanick says last goodbye to Uber
Uber founder Travis Kalanick will leave the board of directors on December 31. He will focus on his new business and charity.
Published on December 25, 2019
By Iris Barker
Business & Finance
Japan may postpone Japan Post shares sale after insurance scandals
The Japanese government is considering postponement the Japan Post Holdings Co. stock sale plan worth about $ 10 billion until the next fiscal year after scandals surrounding the company's insurance…
Published on December 24, 2019
By Iris Barker
Business & Finance
Tesco stops selling postcards made in China due to suspicion of prison labor
The British company Tesco has suspended production of Christmas cards at a factory in China. According to a statement from Britain’s largest retail chain, production was halted due to suspicions…
Published on December 23, 2019
By Iris Barker
Economics
Global economic uncertainty hits Swiss watch sales
The total purchasing power of global consumers now seems to be declining, coinciding with a slowdown in the global economy, which has resulted in a recession in many manufacturing centers…
Published on December 23, 2019
By Iris Barker
World & Politics
IMF allocates Ecuador $ 500 mln more to support reforms
The IMF Executive Board approved allotment of $ 498.4 million to Ecuador. The final tranche of the reform support program was agreed for 2019 after revision of the government’s economic…
Published on December 20, 2019
By Iris Barker
Business & Finance
Nike’s profit up by 32% in Q2
Nike's net income rose 32% in the second quarter (ended November 30) to $ 1.12 billion ($ 0.7 per share) from $ 847 million ($ 0.52 per share) in the…
Published on December 20, 2019
By Iris Barker
Science & Technology
VW Zwickau factory is getting ready for electric cars production
Only electric vehicles will be produced at the VW factory in Zwickau starting from 2021. The goal of the German auto concern is to produce and sell 22 million electric…
Published on December 19, 2019
By Iris Barker
Economics
S&P expects US corporate sector growth in 2020
The international rating agency S&P Global Ratings (S&P) expects US corporate sector growth next year, despite continuing risks around trade tensions and uncertainties regarding the US presidential election, the agency…
Published on December 19, 2019
By Iris Barker
Business & Finance
Fujifilm buys Hitachi unit for $ 1.63B
Japanese Fujifilm Holdings has confirmed the purchase of a unit of Hitachi Ltd., specializing in the production of medical equipment, according to a press release from Fujifilm.
Published on December 18, 2019
By Iris Barker
Economics
Argentina’s economy shrinks by 1.7% in Q3
The economy of Argentina in the III quarter fell by 1.7% compared with the same period last year, according to the national statistical agency Indec.
Published on December 18, 2019
By Iris Barker
World & Politics
French pension reform chief to resign
Jean-Paul Delevoye, French pension reform chief, resigned on Monday after it became known that he had hidden information about the positions held in a number of organizations along with his…
Published on December 17, 2019
By Iris Barker
Business & Finance
Uber is in talks to sell Uber Eats in India
Uber has begun negotiations to sell its Uber Eats food delivery service in India to local rival Zomato, according to The Wall Street Journal, citing three informed sources.
Published on December 17, 2019
By Iris Barker
Business & Finance
H&M profit jumps by 11% in 2018-2019
The revenue of one of the world's largest clothing retail chains Hennes & Mauritz (H&M) in the fiscal year 2018-2019 (ended November 30) grew by 11% in annual terms, to…
Published on December 16, 2019
By Iris Barker
Economics
Gold cheaper on optimism in US and Chinese trade and statistics from China
The price of gold is falling on Monday morning due to statistics from China and trade optimism, according to trading data.
Published on December 16, 2019
By Iris Barker
World & Politics
Poland refuses to join EU 2050 climate deal
Heads of EU countries and governments reached an agreement on climate change, said EC President Charles Michel. Poland did not join the agreement.
Published on December 13, 2019
By Iris Barker
Economics
IEA: OPEC+ will not save the market from excess oil
Despite the expansion of the OPEC + deal, the market will face an excess of supply of 700 thousand bpd in the first quarter of next year, the International Energy…
Published on December 13, 2019
By Iris Barker
World & Politics
EU to fight food waste
The European Union is preparing a program to combat wasteful food consumption and losses in the food industry.
Published on December 12, 2019
By Iris Barker
Economics
US Fed ends softening period
According to the results of the December meeting, the US Federal Reserve System (Fed) left the key rate unchanged at 1.5-1.75% per annum. The regulator also signaled completion of a…
Published on December 12, 2019
By Iris Barker
Business & Finance
Saudi Arabia takes the gauge of probable Aramco listing in Asia
Saudi Arabia held a series of meetings with international investors to assess the prospects for listing shares in Saudi Aramco in Asia, the Wall Street Journal reported citing sources familiar…
Published on December 11, 2019
By Iris Barker
World & Politics
Mexico approves amendments to NAFTA
On Tuesday, representatives of the United States, Canada and Mexico signed amendments to the tripartite agreement of the countries on free trade in Mexico City, allowing beginning parliamentary ratification of…
Published on December 11, 2019
By Iris Barker
World & Politics
Finnish parliament to vote for prime minister
The Finnish parliament will vote on a candidate for the future prime minister on Tuesday.
Published on December 10, 2019
By Iris Barker
Economics
Canada accuses Volkswagen of violating environmental law
The Canadian government has accused German carmaker Volkswagen of violating Canadian environmental law on 60 points.
Published on December 10, 2019
By Iris Barker
Economics
Saudi Arabia takes on lion’s share of new OPEC+ oil cuts
OPEC + countries agreed to reduce oil production by another 500 thousand barrels per day (bpd) from 2020. At the same time, OPEC leader Saudi Arabia announced its readiness to…
Published on December 9, 2019
By Iris Barker
Business & Finance
EU opposes Facebook’s Libra
EU authorities have opposed use of the Facebook cryptocurrency.
Published on December 6, 2019
By Iris Barker
World & Politics
Protests in France gain the greatest scale since 2010
Parisian Monde notes very high activity of participants in the protest demonstrations held in France on Thursday as part of a nationwide strike.
Published on December 6, 2019
By Iris Barker
Economics
Coffee prices in November rise record high in anticipation of shortage
Prices for coffee in November jumped to a maximum in the last 12 months, according to a report by the International Coffee Organization (ICO).
Published on December 5, 2019
By Iris Barker
Business & Finance
American Constellation sells famous Ballast Point brewery to small company
US alcoholic beverage maker Constellation Brands Inc has agreed to sell Ballast Point Brewing Co, a craft maker, for an unnamed amount to the little-known Kings & Convicts Brewing Co.
Published on December 5, 2019
By Iris Barker
Economics
Australia’s GDP slows down in Q3
Australia's economic growth slowed in the third quarter, despite the central bank’s rate cut.
Published on December 4, 2019
By Iris Barker
