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Iris Barker


Hyundai to create joint venture for unmanned vehicles

Hyundai Motor Group, a South Korean automobile group, and Aptiv, an American auto parts manufacturer, have reached an agreement to set up a joint venture in self-driving cars.
Published on September 23, 2019
By Iris Barker

Trump calls on Fed to introduce negative rates

Once again, US President Donald Trump called on the Federal Reserve to lower interest rates below zero, Bloomberg reports.
Published on September 23, 2019
By Iris Barker

OECD sharply lowers growth rate evaluations for large economies

The U.S.-China trade war slowed the global economy to a minimum of ten years, the Organization for Economic Co-operation and Development (OECD) said, cutting record forecasts for 2019 and 2020.โ€ฆ
Published on September 20, 2019
By Iris Barker

Bain & Company: E-wallets and cheaper transactions are new payment trends

According to Bain & Company consulting company experts, the payment market is expected to undergo serious changes in the near future. Payments are no longer a separate specialization, but areโ€ฆ
Published on September 19, 2019
By Iris Barker

US Fed cuts key rate for the second time in a row

Following the September meeting, the US Federal Reserve System (the Fed) lowered the key rate by 0.25 percentage points, to 1.75โ€“2% per annum. This rate cut became the second thisโ€ฆ
Published on September 19, 2019
By Iris Barker

WSJ estimates General Motors damage from strike at $ 100 mln per day

A strike by workers who seek benefits and higher salaries could cost General Motors up to $ 100 million a day, according to analysts polled by The Wall Street Journal.โ€ฆ
Published on September 18, 2019
By Iris Barker

US FAA invites representatives from 50 countries to discuss 737 MAX certification

The meeting will take place next week in Montreal.
Published on September 18, 2019
By Iris Barker

WeWork postpones IPO due to weak investor interest

The American coworking startup WeWork has postponed the initial public offering due to the weak interest of institutional investors. On September 16, the company was going to hold a roadโ€ฆ
Published on September 17, 2019
By Iris Barker

Chinese firms are turning from buyers of foreign assets into sellers

This year, Chinese companies have become net sellers of global assets for the first time since entering the global mergers and acquisitions market. According to the research company Dealogic, theโ€ฆ
Published on September 17, 2019
By Iris Barker

Trump greenlights accessing US strategic oil reserve

Donald Trump has allowed use of oil from the US strategic reserve to support the market. "I allowed use of oil from the reserve in volumes that should be enoughโ€ฆ
Published on September 16, 2019
By Iris Barker

Purdue Pharma files for bankruptcy

Purdue Pharma, the US-based producer of opioid painkiller OxyContin, commenced bankruptcy proceedings under Chapter 11 of the United States Bankruptcy Code. This procedure is one of the conditions of theโ€ฆ
Published on September 16, 2019
By Iris Barker

ECB announces new bond buyback

Head of the European Central Bank (ECB) Mario Draghi announced new monetary easing measures. In particular, the regulator will further reduce the already negative deposit rate, and will resume theโ€ฆ
Published on September 12, 2019
By Iris Barker

Google to pay nearly โ‚ฌ1 bln of fines and taxes in France

Google will pay a total of โ‚ฌ965 million to settle tax claims of the French authorities, reports Bloomberg. These payments are expected to put an end to the lawsuit againstโ€ฆ
Published on September 12, 2019
By Iris Barker

California passes new bill, hits sharing economy companies

California adopted new rules, according to which Uber and Lyft drivers, Amazon and DoorDash couriers and other similar personnel will be considered employees of these companies, not independent contractors, asโ€ฆ
Published on September 11, 2019
By Iris Barker

UK watchdog fines Engie for ยฃ 2.1mln

British energy market regulator Ofgem fined Engie Global Markets (EGM) ยฃ 2.1 million ($ 2.57 million) following an investigation into fraud in the UK gas market by a trader inโ€ฆ
Published on September 11, 2019
By Iris Barker

Chinese Central Bank keeps softening monetary policy

The Chinese authorities are stepping up measures to stimulate the economy to prevent the subsidence of business activity due to trade confrontation with the US. The country's Central Bank hasโ€ฆ
Published on September 10, 2019
By Iris Barker

JPMorgan Chase lowers 2019 earnings forecast

The bank lowered the bar by about $ 500 million following Wells Fargo and Citigroup.
Published on September 10, 2019
By Iris Barker

IMF: Georgieva is the only candidate to replace Lagarde

The Executive Board of the International Monetary Fund (IMF) will complete the process of agreeing on a single candidate from the European Union, Kristalina Georgieva, to head the fund untilโ€ฆ
Published on September 10, 2019
By Iris Barker

Experts: 40% of foreign direct investments are tax evasion

According to a study conducted by experts from the IMF and the University of Copenhagen, about $ 15 trillion of foreign direct investment is fictitious, and their only goal isโ€ฆ
Published on September 10, 2019
By Iris Barker

Saudi Arabia to issue tourist visas

The kingdom is planning to conduct a major advertising campaign in late September.
Published on September 9, 2019
By Iris Barker

Is UAV drone industry falling into decay?

Since the beginning of 2010, when the newly-opened drone manufacturing companies began to take over the market, venture capital startups have seen the future in a wide range of devices.โ€ฆ
Published on September 9, 2019
By Iris Barker

ExxonMobil leaves Norway’s oil and gas sector after 125 years of operation

The American corporation has agreed to sell its assets in Norway for $ 4 billion. ExxonMobil is also discussing the possibility of selling assets in the North Sea on theโ€ฆ
Published on September 6, 2019
By Iris Barker

UK Scotland Yard employs AI to deal with frauds

The British police is using artificial intelligence (AI) in the investigation of crimes. The technology helps the police to process huge amounts of data that would take a person monthsโ€ฆ
Published on September 6, 2019
By Iris Barker

Google, YouTube to pay record $ 170 mln fine in USA

Google and YouTube will pay $ 170 million for collecting personal information about children without the consent of their parents, follows from a message on the website of the Federalโ€ฆ
Published on September 5, 2019
By Iris Barker

Default on Chinese corporate bonds grows to record $ 4.4 bln

The private placement market is a key source of financing for small companies in China.
Published on September 5, 2019
By Iris Barker

US largest labor union secures right to strike at General Motors, Ford, Chrysler

the largest U.S. worker unions, the United Automobile Workers (UAW), has been authorized by its members to go on strike during the upcoming negotiations on new labor contracts among theโ€ฆ
Published on September 4, 2019
By Iris Barker

USA introduces sanctions against Iranian space agencies

The U.S. Treasury Department announced that it may add three Iranian space exploration structures to the sanctions lists.
Published on September 4, 2019
By Iris Barker

US sets to fight robocalls outbreak

The epidemic of telephone spam through robotic dialing (robocalls) is forcing US mobile operators to take increasingly active measures both by the telephone operators themselves and the federal authorities. Inโ€ฆ
Published on September 3, 2019
By Iris Barker

European banks are short of dollars

Dollar liquidity is shrinking, which leads to strengthening of the US currency. Besides, it is causing problems in some banks that are short of dollars.
Published on September 3, 2019
By Iris Barker

US Consumer Confidence Index collapses to lowest since 2016

The consumer confidence index in the United States in August 2019 decreased to 89.8 points from the July level of 98.4 points, according to the final data of the Universityโ€ฆ
Published on September 2, 2019
By Iris Barker

Top 7 green energy innovators

Environmental protection has become one of the key issues on the world agenda in recent years.
Published on September 2, 2019
By Iris Barker

Jack Ma believes in possibility of switching to a 12-hour work week

Jack Ma, the billionaire and founder of Alibaba, said people could only work 12 hours a week thanks to artificial intelligence and educational reform.
Published on August 29, 2019
By Iris Barker

Trade tensions are jeopardizing semiconductor manufacturers

Semiconductor manufacturers are facing a serious threat from global tensions, said Lung Chu, President of SEMI China Industry Association, to CNBC.
Published on August 29, 2019
By Iris Barker

Facebook’s first major investor Peter Thiel sells $ 4 million in Facebook shares

Billionaire Peter Thiel, who became Facebook's first major investor 15 years ago, continues to reduce his stake in Mark Zuckerberg. In August, he sold Facebook shares for $ 4 million.
Published on August 29, 2019
By Iris Barker

Philip Morris is discussing merger with Altria Group

After a long separation, the American tobacco giants Philip Morris and Altria Group pondering a merger. Representatives of companies spoke about a possible reunion.
Published on August 28, 2019
By Iris Barker

US budget deficit will exceed $ 1 trillion in 2020

The August agreement between Democrats and Republicans to add up to the US budget borrowing limit will lead to an increase in its deficit to $ 1 trillion as earlyโ€ฆ
Published on August 28, 2019
By Iris Barker

Johnson & Johnson gets $572 mln fine in USA over opioid crisis

The company was convicted of the spread of the opioid epidemic in Oklahoma.
Published on August 27, 2019
By Iris Barker

Trade conflict aggravation brings back interest in gold

Gold prices are returning to a six-year high. At the end of last week, they reached the level of $ 1,529.81 per troy ounce. Another round of the trade warโ€ฆ
Published on August 27, 2019
By Iris Barker

USA, UK to create a working group on economics

During talks at the G7 Summit in Biarritz, British Prime Minister Boris Johnson and US President Donald Trump made serious progress in economic relations.
Published on August 26, 2019
By Iris Barker

Hasbro signs the largest deal in its history

Toy maker Hasbro paid $ 4 billion for Canadian Entertainment One, which created the cartoon Peppa Pig. The largest deal in Hasbroโ€™s history will help it more effectively promote itsโ€ฆ
Published on August 26, 2019
By Iris Barker

IKEA to invest $ 1.41 bln in China

The company announced this at a briefing in Beijing, at which it outlined its strategy for the next three years, reports Yicai Global.
Published on August 23, 2019
By Iris Barker

WHO found no danger in microplastics in drinking water

The number of microplastic particles in water, including drinking water, continues to grow. However, scientists have no evidence its danger to the human body, stated a report of the Worldโ€ฆ
Published on August 23, 2019
By Iris Barker

Apple starts testing Chinese OLED screens for iPhone 12

Apple began to conduct tests of OLED displays for the new iPhone 12 made by the Chinese company BOE, MacRumors writes.
Published on August 22, 2019
By Iris Barker

McKinsey: G7 countries are widening income gap

Global inequality is narrowing as emerging economies are catching up with wealthy nations. However, the gap in developed economies continues to widen, says McKinsey Global Institute study for the Augustโ€ฆ
Published on August 22, 2019
By Iris Barker

Alibaba postpones listing in Hong Kong due to unrest in the city

Chinese e-commerce giant Alibaba Group Holding Ltd postponed the placement in Hong Kong amid growing political unrest in the Asian financial center, Reuters reports citing two sources familiar with theโ€ฆ
Published on August 21, 2019
By Iris Barker

Amazon launches unclaimed goods charity program

Amazon, one of the worldโ€™s largest retailers announced launch of a new charity program for independent sellers trading on its site. Now those sellers who want to get rid ofโ€ฆ
Published on August 21, 2019
By Iris Barker

Singapore RedDoorz bets on budget travel, raises $70 mln

The travel industry continues to gain momentum and attract investors. So, Singapore RedDoorz held the second round of financing attraction for the year, and its result was $ 70 million,โ€ฆ
Published on August 19, 2019
By Iris Barker

European Social Democrats are losing ground

The Vice-Chancellor and Minister of Finance of Germany Olaf Scholz announced his readiness to nominate himself for the post of leader of the Christian Democratic Union of Germany (CDU). Therefore,โ€ฆ
Published on August 19, 2019
By Iris Barker

Hong Kong’s richest citizen calls to stop violence and unrest in the city

The richest person of Hong Kong Li Ka-shing called on people and authorities of Hong Kong to stop the riots and acts of violence.
Published on August 16, 2019
By Iris Barker

Analysts: Google Search is losing clicks

Most Google searches end without clicking on the links, show data of Jumpshot marketing research firm. The number of such โ€œidleโ€ requests has grown since 2016 and continues to increase.
Published on August 16, 2019
By Iris Barker
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