Iris Barker
Business & Finance
Chinese tech stocks rise sharply after Xi Jinping’s speech about blockchain
Chinese investors began to invest en masse in all the companies in the country that are somehow connected with the blockchain.
Published on October 29, 2019
By Iris Barker
Economics
Louis Vuitton ponders buying Tiffany
French group LVMH took interest in the American jewelry company Tiffany, and is already negotiating with its owners, according to sources from Bloomberg and FT. Although the parties have not…
Published on October 28, 2019
By Iris Barker
Science & Technology
Study: AI is not as profitable as you might think
A global survey of the structures of the University of MIT and the BCG group confirmed that artificial intelligence (AI) technologies entered the boundary zone of mass application in business…
Published on October 28, 2019
By Iris Barker
Business & Finance
Visa’s net profit rises by 17% in 2018-19 fiscal year
Net profit of Visa Inc., one of the two largest bank card service companies in the world, rose by 17% year-on-year to $ 12.08 billion in fiscal year 2018-2019, ending…
Published on October 25, 2019
By Iris Barker
Economics
IMF is getting ready to turn global finances green
The share of risks associated with climate change for economies continues to grow, raising the green agenda to the level of financial regulators and the International Monetary Fund (IMF). The…
Published on October 25, 2019
By Iris Barker
Economics
South Korean GDP growth in Q3 slows more than expected
South Korean economic growth in the III quarter slowed more than expected, according to preliminary data from the Bank of Korea.
Published on October 24, 2019
By Iris Barker
Economics
Investors in Telegram refuse to claim money back, decide to wait until April
Investors of both rounds of financing the TON project, by a majority vote, refused to demand a return on the money invested in the project and agreed to wait until…
Published on October 24, 2019
By Iris Barker
World & Politics
China to replace Hong Kong’s Carrie Lam
Carrie Lam's interim successor may be appointed by March.
Published on October 23, 2019
By Iris Barker
Economics
Experts assessed US senator Warren’s threats to ban shale oil production
Experts assessed potential consequences of the ban on allocation of new plots of federal land in the United States for the extraction of fossil fuels, as well as the ban…
Published on October 23, 2019
By Iris Barker
Business & Finance
Four US companies avoid charges of opioid crisis
According to the Wall Street Journal, four major pharmaceutical companies have come to terms with the two counties in Ohio to escape litigation on charges of fueling an opioid crisis.…
Published on October 22, 2019
By Iris Barker
Economics
Ecuador restores oil production volume after protests
The Ecuadorian Ministry of Energy announced restoration of oil production in the country after a number of fields in the Amazon, previously blocked by protesting Indians, returned to normal operation.
Published on October 22, 2019
By Iris Barker
World & Politics
Iran warns of new reduction in nuclear deal liabilities
Iran is getting ready to take a new step to reduce its obligations under the Joint Comprehensive Plan of Action (JCPOA), Iranian Foreign Ministry spokesman Abbas Mousavi said.
Published on October 21, 2019
By Iris Barker
Business & Finance
Huawei loses access to Google Apps due to US sanctions
Chinese telecommunications corporation Huawei has problems accessing Google’s applications due to US sanctions. Sources told the Financial Times that the corporation managed to find a replacement for most of the…
Published on October 21, 2019
By Iris Barker
Business & Finance
Telegram postpones launch of tokens for six months
Telegram Group is forced to postpone the launch of its cryptocurrency due to a temporary ban on the sale of tokens in the United States, introduced after the lawsuit was…
Published on October 18, 2019
By Iris Barker
Business & Finance
Interbrand rating 2019: Internet, media and luxury brands are growing more expensive
Interbrand Consulting Company published an annual ranking of the largest global brands. The top three is unchanged – these are Apple, Google and Amazon. The most significant progress was shown…
Published on October 18, 2019
By Iris Barker
Business & Finance
Qatar Airways is considering replacing order of Boeing 777-8 for 777-9
Qatar Airways may replace the Boeing 777-8 wide-body aircraft with a larger 777-9 model, depending on how the machine will prove itself, Qatar Airways CEO Akbar Al Baker told Reuters.
Published on October 17, 2019
By Iris Barker
Economics
Copper prices keep falling after news from Chile
Copper is getting cheaper due to news from Chile: Antofagasta, one of the largest in the world, managed to prevent a strike of workers at the copper deposits demanding better…
Published on October 16, 2019
By Iris Barker
World & Politics
Dominican Republic lost $ 200 million because of scandal with tourists death
The Dominican Republic travel industry lost $ 200 million amid reports of the death of American tourists in the country, Dominican Today reports.
Published on October 16, 2019
By Iris Barker
Business & Finance
Harley-Davidson halts electric motorcycle production due to charging issues
US Harley-Davidson Inc. has suspended the production and supply of its first electric motorcycle due to a problem regarding equipment for charging it.
Published on October 15, 2019
By Iris Barker
Economics
Bloomberg economists assessed likelihood of US recession in 2020
Bloomberg experts published a report assessing the likelihood of a recession in the US economy in 2020. Although some indicators aroused concern among analysts, in general, the situation, in their…
Published on October 15, 2019
By Iris Barker
World & Politics
France: We will take measures to protect our military in Syria
Amid the ongoing Turkish military operation in northeastern Syria, France decided to take the necessary measures to secure its military and civilians in the region, AFP reported. A day earlier,…
Published on October 14, 2019
By Iris Barker
Science & Technology
Porsche, Boeing set to develop flying electric car
German automobile concern Porsche aims to develop a new premium aircraft together with the American aviation company Boeing. According to the press service of Porsche, the new car can be…
Published on October 14, 2019
By Iris Barker
Science & Technology
Samsung to invest $ 11 billion in new generation displays
South Korean Samsung Display Co. plans to spend 13.1 trillion won ($ 11 billion) on development and production of next-generation displays in the face of growing pressure from Chinese competitors,…
Published on October 11, 2019
By Iris Barker
World & Politics
Paralyzed Hong Kong: Protests don’t fade
Protests in Hong Kong continue, and their intensity is not going to subside. In Beijing, fears are growing that the riots may spread to other explosive locations in the country…
Published on October 11, 2019
By Iris Barker
Business & Finance
T-Mobile settles issue of merger with Sprint
T-Mobile has reached an agreement with the Mississippi authorities regarding the proposed merger with the rival company Sprint Corporation. This arrangement could put an end to the confrontation with a…
Published on October 10, 2019
By Iris Barker
Science & Technology
US is betting on Nokia and Ericsson to replace Huawei
The ongoing trade and political conflict between the United States and China, in particular the sanctions against Huawei, made both US authorities and American businesses try to find an alternative…
Published on October 10, 2019
By Iris Barker
Business & Finance
GM strike affects about 150 thousand automotive workers
Anderson Economic Group consulting company calculated that direct losses in wages by the third week of the strike reached $ 412 million.
Published on October 9, 2019
By Iris Barker
Economics
Did US Fed just announced QE4?
The Federal Reserve factually announced the launch of QE4, although it is still trying to name the operations to increase the balance somehow differently.
Published on October 9, 2019
By Iris Barker
Business & Finance
HKEX abandons idea of merging with LSE
The operator of the Hong Kong stock exchange cited a lack of interest from the British side.
Published on October 8, 2019
By Iris Barker
Economics
SoftBank losses from investments in Uber and WeWork may exceed $ 5 bln
A sharp drop in Uber shares and the abolition of WeWork’s IPO could cost the investment structure of the Japanese SoftBank, the Vision Fund, more than $ 5 billion.
Published on October 8, 2019
By Iris Barker
Management
HSBC to lay off up to 15 thousand employees
HSBC Bank's interim CEO, Noel Quinn, intends to significantly reduce the company's costs by cutting down up to 15 thousand employees. According to the Financial Times, in addition to the…
Published on October 7, 2019
By Iris Barker
Economics
US increased imports from Mexico amid falling shipments from China
US imports from China in August fell 12.5% year on year. At the same time, purchases from Mexico - the second largest supplier of goods to the United States -…
Published on October 7, 2019
By Iris Barker
Business & Finance
Fitch expects slowdown in tobacco market due to vaping ban
The ban on electronic cigarettes in a number of countries around the world, which was introduced after testing a new generation of tobacco products, could lead to a decrease in…
Published on October 4, 2019
By Iris Barker
Science & Technology
UPS becomes first to receive full regulatory approval for UAV shipping in USA
UPS logistics company received permission from the US Civil Aviation Administration to launch commercial delivery of goods throughout the country using unmanned aerial vehicles (UAVs). The courier service was the…
Published on October 4, 2019
By Iris Barker
Business & Finance
BlackRock investment company sets to expand in China
One of the world's largest investment companies, BlackRock Inc., held a series of negotiations with the Chinese Internet giant Tencent Holdings on a partnership to expand its presence in China,…
Published on October 3, 2019
By Iris Barker
World & Politics
Johnson unveils Brexit compromise deal considering Irish issue
British Prime Minister Boris Johnson has unveiled his compromise proposals to the EU on Brexit terms. First of all, they relate to the border between Ireland and Northern Ireland, says…
Published on October 3, 2019
By Iris Barker
Business & Finance
Danske Bank is leaving Estonia
Danske Bank is winding up operation of its Estonian branch, whose employees are suspected of large-scale money laundering.
Published on October 2, 2019
By Iris Barker
Economics
S&P fears new debt crisis
Rating agency Standard & Poor`s recorded a negative trend in the corporate sector: companies have reduced revenue. At the same time, the debt burden is growing. The agency analysts believe…
Published on October 2, 2019
By Iris Barker
Business & Finance
PayPal becomes first foreign company to enter Chinese payments market
PayPal Holdings Inc, the American payment system, will become the first foreign company of its kind to gain access to the PRC payment services market through the purchase of the…
Published on October 1, 2019
By Iris Barker
Economics
IPO, M&A markets sink down in Q3
The global equity market in the first three quarters fell by 18% amid concerns over global economic growth prospects and ongoing geopolitical problems, including the US-China trade war. The Asian…
Published on October 1, 2019
By Iris Barker
Economics
Chinese manufacturing PMI unexpectedly reaches February 2018 peak
The Purchasing Managers Index (PMI) in China’s manufacturing sector rose from 50.4 points to 51.4 points in August.
Published on September 30, 2019
By Iris Barker
Management
Study: US companies lose $ 223 billion due to toxic work environment
Staff turnover caused by tensions in the workplace has deprived US companies of nearly a quarter trillion dollars over the past five years, according to a study published by the…
Published on September 30, 2019
By Iris Barker
Business & Finance
Jaguar Land Rover to stop production in the UK because of Brexit
The company intends to suspend production in the UK due to the exit of the Kingdom from the EU.
Published on September 27, 2019
By Iris Barker
Business & Finance
US authorities accuse owner of Tinder of imposing paid services
The US Federal Trade Commission filed a lawsuit against Match Group, which owns a number of dating services, including Tinder. The regulator is accusing the company of using fake accounts…
Published on September 27, 2019
By Iris Barker
World & Politics
Will Merkel restore her “Climate Chancellor” image?
In 2007, Angela Merkel, who stood in a red jacket amid melting Greenland icebergs and urged world leaders to step up the fight against climate change, came to be known…
Published on September 26, 2019
By Iris Barker
Economics
Turkey orders banks to write off $ 8 bln of bad debts
The Turkish financial authority instructed banks to write off 46 billion liras ($ 8.1 billion) of bad debts by the end of the year, and create reserves to cover losses,…
Published on September 26, 2019
By Iris Barker
World & Politics
Venezuelan opposition to receive $ 52 mln from USA
The United States Agency for International Development (USAID) will send $ 52 million to the Venezuelan opposition led by Juan Guaidó. The allocated funds should go to restore democratic power…
Published on September 25, 2019
By Iris Barker
Economics
Bank of Japan board member announces readiness for further policy mitigation amid rising risks
Bank of Japan board member Takako Masai said the central bank would not hesitate to soften policy if the momentum to achieve a 2% inflation target is lost, Reuters reports.
Published on September 25, 2019
By Iris Barker
Business & Finance
Thomas Cook bankruptcy affects thousands of tourists around the world
Holidays of hundreds of thousands of tourists were threatened due to the bankruptcy of the largest British travel company Thomas Cook, the Associated Press reported.
Published on September 24, 2019
By Iris Barker
Science & Technology
NASA orders Lockheed Martin to build spacecraft to fly to the Moon
Lockheed Martin is due to build between 6 and 12 Orion spaceships under the Artemis program by September 30, 2030. The contract with the company was concluded by the United…
Published on September 24, 2019
By Iris Barker
