Iris Barker
Business & Finance
Institutional investors demand for Saudi Aramco IPO reaches $ 50.4B
Demand of institutional investors for participation in the initial public offering (IPO) of the state oil company of Saudi Arabia, Saudi Aramco, reached 189.04 billion Saudi riyals ($ 50.4 billion),…
Published on December 4, 2019
By Iris Barker
World & Politics
Massive blackout unfolds in Venezuela
About 2 million people were left without electricity due to large-scale blackout in Venezuela: "The National Electric System from El Tablaso to the west coast of Zulia failed, as a…
Published on December 3, 2019
By Iris Barker
Business & Finance
Tech giants take on housing construction
Since the beginning of the year, technology companies have announced their intention to invest $ 5 billion in affordable housing in the United States. This step indicates that corporations are…
Published on December 3, 2019
By Iris Barker
Business & Finance
Daimler to cut thousands of jobs by 2022
The German carmaker Daimler AG will cut thousands of jobs around the world by the end of 2022 in order to save on costs amid large investments in innovative technologies.
Published on December 2, 2019
By Iris Barker
Science & Technology
Airbus: Passenger hybrid aircraft to take off before 2035
To reduce CO2 emissions, the European aircraft manufacturer has set a technological breakthrough with electric motors, green hydrogen and E-Fuels synthetic fuels.
Published on December 2, 2019
By Iris Barker
Management
Apple’s chief designer leaves the company
Apple’s Chief Design Officer Jony Ive officially left the company. It is reported by The Verge.
Published on November 28, 2019
By Iris Barker
Business & Finance
Dell Technologies earns $ 22.8 bln in revenue, $ 552 mln in net profit in Q3
Dell Technologies has released its latest quarterly report for recently ended the third quarter of fiscal year 2020.
Published on November 28, 2019
By Iris Barker
Business & Finance
Deutsche Bank sells assets for $ 51 billion to Goldman Sachs
Deutsche Bank sold a portfolio of securities with a face value of £ 40 billion ($ 51 billion) to Goldman Sachs, Bloomberg reports citing sources, and notes that the German…
Published on November 27, 2019
By Iris Barker
World & Politics
EU adopts budget for 2020, more funds allocated to climate change fight and innovation
MEPs voted to adopt the EU budget for 2020, while the total amount of budget obligations for 2020 was approved in the amount of €168.7 billion.
Published on November 27, 2019
By Iris Barker
Business & Finance
HP’s net profit falls in 2018-2019
Net income of HP Inc. in the 2018-2019 fiscal year, ended on October 31, amounted to $ 3.152 billion, which is 1.7 times less than in the last financial year,…
Published on November 27, 2019
By Iris Barker
Business & Finance
Boeing loses right to issue certificates for 737 MAX in USA
The US Federal Civil Aviation Agency will remain the only agency eligible to certify the aircraft.
Published on November 27, 2019
By Iris Barker
Science & Technology
Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025
The average monthly traffic consumed by users by 2025 will reach 24 GB from the current 7.2 GB, the Ericsson Mobility Report states.
Published on November 26, 2019
By Iris Barker
Business & Finance
Uber loses license in London
Uber refused to renew its license to work in London, one of the key markets for taxi services. Inspection of the company by the British regulator revealed several thousand violations:…
Published on November 26, 2019
By Iris Barker
Business & Finance
Novartis to pay $ 9.7 billion for US biotech company The Medicines Co
Novartis buys The Medicines Co, a US-based biotechnology company, for about $ 9.7 billion. The Swiss pharmaceutical company aims to expand its portfolio of anti-cardiovascular drugs.
Published on November 25, 2019
By Iris Barker
Science & Technology
Elon Musk: We received 146,000 orders for Cybertruck
Tesla’s founder Elon Musk said that the company has already received 146 thousand orders for its new electric car, the Cybertruck pickup.
Published on November 25, 2019
By Iris Barker
World & Politics
Israeli prime minister indicted in three criminal cases
The Israeli Prosecutor General's Office decided to bring charges against the Israeli Prime Minister Benjamin Netanyahu in three criminal cases, of which he was a defendant, the Times of Israel…
Published on November 22, 2019
By Iris Barker
Economics
Study: Import restrictions restrain GDP growth in G20 countries
The slowdown in the global economy is primarily associated with structural problems, but trade restrictions also lead to lower growth in key markets, OECD experts indicate in a new macroeconomic…
Published on November 22, 2019
By Iris Barker
Science & Technology
Google turns the screws on political ads
Google is introducing changes to the rules for placing political ads on its platforms.
Published on November 21, 2019
By Iris Barker
Economics
California refuses to buy cars made by pro-Trump manufacturers
The governor of California announced that starting next year, authorities will no longer buy cars from General Motors, Toyota and Fiat Chrysler. State authorities attribute this to the fact that…
Published on November 21, 2019
By Iris Barker
World & Politics
Argentina finds a way to pay off IMF loan
Argentina is going to get rid of the economic crisis and pay off its debts. IMF is ready for cooperation.
Published on November 20, 2019
By Iris Barker
World & Politics
Sweden closes Assange rape inquiry
Sweden’s prosecutor’s office has stopped investigating a rape allegedly committed by WikiLeaks founder Julian Assange, the BBC reports.
Published on November 20, 2019
By Iris Barker
Business & Finance
US companies allowed to work with Huawei for 90 more days
The U.S. Department of Commerce has extended 90-day authorization for US companies to partner with Chinese telecommunications company Huawei Technologies. This was reported by the press service of the department.
Published on November 19, 2019
By Iris Barker
Economics
WTO Trade Barometer shows world trade sinking down
The growth rate of world trade in the IV quarter of 2019 will remain below the trend line. This is evidenced by the World Trade Organization (WTO)’s indicator "Trade barometer".…
Published on November 19, 2019
By Iris Barker
Business & Finance
SoftBank sets to create tech giant by merging Yahoo Japan and Line
Japanese internet portal Yahoo Japan, owned by Softbank, and the operator of the popular messenger Line Corp. reached an agreement on merger.
Published on November 18, 2019
By Iris Barker
Business & Finance
Tesla to invest €4.4 bln in its first European plant
Tesla intends to invest €4.4 billion in its first European plant, which will be built in Berlin, reports Bild am Sonntag. The plant will produce batteries and electric cars of…
Published on November 18, 2019
By Iris Barker
Business & Finance
Maersk profit plunges to $17 mln in January-September
Net profit of Danish company A. P. Moller-Maersk A/S (Maersk) totalled $17 mln in January-September against $3.15 bln in January-September 2018, according to the company's financial statements.
Published on November 15, 2019
By Iris Barker
Business & Finance
Amazon to challenge Pentagon’s decision to award Microsoft $10 bln contract
U.S. company Amazon plans to file a lawsuit against the U.S. Department of Defense demanding a review of the Pentagon's decision to enter into a contract with Microsoft, CNN reported…
Published on November 15, 2019
By Iris Barker
World & Politics
US to reconsider medical data security laws
Collection of medical data by Google caused a big scandal in the United States. Federal regulators have already announced start of the investigation; congressmen have criticized the company's actions and…
Published on November 14, 2019
By Iris Barker
Economics
Yahoo! is negotiating to merge with Japanese QR payments operator Line
The transaction between the two QR payment operators may become the largest event in the Japanese technology market.
Published on November 14, 2019
By Iris Barker
Business & Finance
Facebook upgrades Facebook Pay
Facebook has launched the Facebook Pay electronic payment system, which will operate on the social network of the same name, its messenger, Instagram and WhatsApp, the company’s blog reads.
Published on November 13, 2019
By Iris Barker
Economics
Moody’s expects declining sustainability of sovereign borrowers
Global uncertainty and a slowdown in global economic growth will negatively affect the creditworthiness of sovereign borrowers in the coming 2020, Moody's warns. So far, the risks of developed-country governments…
Published on November 13, 2019
By Iris Barker
Business & Finance
Formula 1 to switch to zero carbon emissions
Already in 2021, fuel requirements will be tightened, and from 2025, measures to reduce emissions will already be transferred to a regular basis.
Published on November 12, 2019
By Iris Barker
Science & Technology
Apple to come up with AR glasses
In 2023, Apple intends to release its first “smart” glasses that will use augmented reality technology. The manufacturers hope that this technology will replace smartphones, computers and televisions with glasses.
Published on November 12, 2019
By Iris Barker
Business & Finance
Sears closes one third of stores
The American company Transform Holdco, which owns retail chains Sears and Kmart, has announced that it will close 96 stores, that is, about a third of all stores in both…
Published on November 8, 2019
By Iris Barker
Business & Finance
Hong Kong protests hit Disney theme parks profits
Disney said the "circumstances" prevailing in Hong Kong had a negative impact on the company's theme parks, CNBC reports.
Published on November 8, 2019
By Iris Barker
World & Politics
Vale hiding information about problems at Brazilian dams could result in death of 270 people
Vale SA hid information from the Brazilian authorities about problems on the dam, which collapsed in January, resulting in the deaths of 270 people.
Published on November 7, 2019
By Iris Barker
Economics
Fourth US bank goes bankrupt in 2019
The US authorities stopped the City National Bank of New Jersey, which became the fourth bank to be closed in the country since the beginning of this year, according to…
Published on November 7, 2019
By Iris Barker
Business & Finance
Adidas profit rises by 13.5% in January-September 2019
Net profit attributable to shareholders of the German manufacturer of sportswear and equipment Adidas AG increased in January-September by 13.5% in annual terms to €1.809 billion.
Published on November 6, 2019
By Iris Barker
Science & Technology
WEF: Big data regulation becomes a problem
Development of new technologies will not lead to technological unemployment, but workers and consumers will need new tools to protect their rights in order to resist manipulation attempts by corporations…
Published on November 6, 2019
By Iris Barker
Economics
Bolivia refuses to mine lithium jointly with Germany
The German ACI Systems and the Bolivian YLB were going to mine lithium together on Lake Uyuni in Bolivia. According to unofficial information, President of the country decided to abandon…
Published on November 5, 2019
By Iris Barker
Economics
Central Bank of China lowers key rate for the first time since 2015
On Tuesday, the People’s Bank of China lowered its key interest rate, which should help reduce the cost of financing amid a slowdown in economic growth.
Published on November 5, 2019
By Iris Barker
Management
Elon Musk’s fortune grows by $2 bln over a week
Fortune of the American entrepreneur, Elon Musk, increased by $ 2 billion over the week thanks to the profit of his company Tesla, Forbes magazine writes.
Published on November 4, 2019
By Iris Barker
Economics
US may reconsider tariffs on imported cars
The US presidential administration may completely abandon the increase in tariffs on imported cars, said the country's Minister of Commerce Wilbur Ross. According to him, there is a possibility that…
Published on November 4, 2019
By Iris Barker
Business & Finance
Peugeot and Fiat Chrysler sign merger deal
Fiat Chrysler and PSA Peugeot automakers' boards of directors approved the merger on an equal footing, both sides said. The merger will create the fourth-largest car manufacturer in the world,…
Published on November 1, 2019
By Iris Barker
Business & Finance
Altria announces loss of $ 4.5B investment in Juul
In less than a year, one of the largest tobacco companies in the world lost more than 1/3 of the funds invested in electronic cigarette manufacturer Juul Labs Inc.
Published on November 1, 2019
By Iris Barker
Business & Finance
US coal giant Murray Energy goes bankrupt
Murray Energy Corp., the largest private coal company in the United States, became the last in a series of coal companies to declare bankruptcy.
Published on October 31, 2019
By Iris Barker
Management
Norway wealth fund director is stepping down
Yngve Slyngstad, Head of the organization managing the Norway Wealth Fund, decided to resign. This is stated in the quarterly report of the fund. He will remain in office until…
Published on October 31, 2019
By Iris Barker
Business & Finance
Airbus announces record order for A320neo
IndiGo Airlines of India placed a firm order for 300 A320neo, A321neo and A321 aircraft.
Published on October 30, 2019
By Iris Barker
World & Politics
European Council agrees to extend Brexit again
The European Council has decided to extend the Brexit term until January 31, 2020, according to an official communiqué circulated in Brussels on Tuesday evening.
Published on October 30, 2019
By Iris Barker
Business & Finance
Fitbit up by 30% on rumors of possible takeover by Alphabet
Shares of the American manufacturer of fitness trackers and various smart fitness devices have reacted rapidly to media reports of interest from the parent company Google.
Published on October 29, 2019
By Iris Barker
