
Iris Barker
Science & Technology
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
Economics
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
Economics
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.โฆ
Published on September 20, 2019
By Iris Barker
Science & Technology
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 areโฆ
Published on September 19, 2019
By Iris Barker
Economics
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 1.75โ2% per annum. This rate cut became the second thisโฆ
Published on September 19, 2019
By Iris Barker
Business & Finance
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.โฆ
Published on September 18, 2019
By Iris Barker
World & Politics
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
Business & Finance
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 roadโฆ
Published on September 17, 2019
By Iris Barker
Business & Finance
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, theโฆ
Published on September 17, 2019
By Iris Barker
Economics
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 enoughโฆ
Published on September 16, 2019
By Iris Barker
Business & Finance
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 theโฆ
Published on September 16, 2019
By Iris Barker
Economics
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 theโฆ
Published on September 12, 2019
By Iris Barker
Business & Finance
Google to pay nearly โฌ1 bln of fines and taxes in France
Google will pay a total of โฌ965 million to settle tax claims of the French authorities, reports Bloomberg. These payments are expected to put an end to the lawsuit againstโฆ
Published on September 12, 2019
By Iris Barker
Business & Finance
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, asโฆ
Published on September 11, 2019
By Iris Barker
Business & Finance
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 inโฆ
Published on September 11, 2019
By Iris Barker
Economics
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 hasโฆ
Published on September 10, 2019
By Iris Barker
Business & Finance
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
World & Politics
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 untilโฆ
Published on September 10, 2019
By Iris Barker
Economics
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 isโฆ
Published on September 10, 2019
By Iris Barker
World & Politics
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
Science & Technology
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.โฆ
Published on September 9, 2019
By Iris Barker
Business & Finance
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 theโฆ
Published on September 6, 2019
By Iris Barker
Science & Technology
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 monthsโฆ
Published on September 6, 2019
By Iris Barker
Business & Finance
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 Federalโฆ
Published on September 5, 2019
By Iris Barker
Economics
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
Management
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 theโฆ
Published on September 4, 2019
By Iris Barker
World & Politics
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
Science & Technology
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. Inโฆ
Published on September 3, 2019
By Iris Barker
Economics
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
Economics
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 Universityโฆ
Published on September 2, 2019
By Iris Barker
Science & Technology
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
Management
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
Business & Finance
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
Business & Finance
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
Business & Finance
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
Economics
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 earlyโฆ
Published on August 28, 2019
By Iris Barker
Business & Finance
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
Economics
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 warโฆ
Published on August 27, 2019
By Iris Barker
World & Politics
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
Business & Finance
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 Hasbroโs history will help it more effectively promote itsโฆ
Published on August 26, 2019
By Iris Barker
Business & Finance
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
Science & Technology
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 Worldโฆ
Published on August 23, 2019
By Iris Barker
Science & Technology
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
Economics
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 Augustโฆ
Published on August 22, 2019
By Iris Barker
Business & Finance
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 theโฆ
Published on August 21, 2019
By Iris Barker
Business & Finance
Amazon launches unclaimed goods charity program
Amazon, one of the worldโs largest retailers announced launch of a new charity program for independent sellers trading on its site. Now those sellers who want to get rid ofโฆ
Published on August 21, 2019
By Iris Barker
Business & Finance
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,โฆ
Published on August 19, 2019
By Iris Barker
World & Politics
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,โฆ
Published on August 19, 2019
By Iris Barker
World & Politics
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
Science & Technology
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 โidleโ requests has grown since 2016 and continues to increase.
Published on August 16, 2019
By Iris Barker