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Iris Barker


Chevron lowers net profit to $ 2.6 billion in Q1

American oil and gas giant Chevron made a profit of $ 2.642 billion in the first quarter of 2019, which is 27.8% less than in the same period of 2018,โ€ฆ
Published on April 26, 2019
By Iris Barker

IEA: Iraq will enter the top three oil leaders

The International Energy Agency (IEA) said that in the next ten years Iraq will become the world's third-largest producer of "new oil" on the market and the fourth-largest oil producerโ€ฆ
Published on April 26, 2019
By Iris Barker

Reuters: Hundreds tons of gold are smuggled from Africa every year

Reuters journalists found that gold worth tens of billions of dollars was illegally exported from Africa every year and the volume of smuggling is constantly growing. The precious metal entersโ€ฆ
Published on April 25, 2019
By Iris Barker

Bayer AG profit declines by 36.5% in Q1

Net profit of German chemical and pharmaceutical concern Bayer AG declined in Q1 by 36.5% in annual terms to โ‚ฌ 1.24 billion. Earnings per share amounted to โ‚ฌ 1.27 againstโ€ฆ
Published on April 25, 2019
By Iris Barker

Experts: Statistics can help solve economic inequality problem

Economists and scientists have long used different data to estimate inequality. The Gini coefficient, one of the most famous such indicators, was invented in 1912. It shows the degree ofโ€ฆ
Published on April 24, 2019
By Iris Barker

Elon Musk to found a taxi company

Tesla is going to launch an unmanned taxi service in 2020. This was announced by the company's founder Elon Musk during a meeting with investors.
Published on April 24, 2019
By Iris Barker

UBS, Invesco, J.P. Morgan lead China’s top foreign fund managers rating

As China is opening up access to its huge financial market to foreign players, several foreign firms are going up, according to CNBC.
Published on April 23, 2019
By Iris Barker

Coca-Cola vs Pepsi: Investorโ€™s choice

The confrontation between Coca-Cola and Pepsi is one of the most popular mass culture examples in the modern history.
Published on April 23, 2019
By Iris Barker

US energy consumption jumps to record high

Energy consumption in the United States in 2018 exceeded previous record reached in 2007. The total energy consumption for the year increased at the maximum rate over the last 8โ€ฆ
Published on April 22, 2019
By Iris Barker

Nissan officially accuses Ghosn of stealing

Japanese corporation Nissan Motor officially accused Carlos Ghosn of stealing and filed a petition to institute criminal proceedings against him, the automaker said in a statement.
Published on April 22, 2019
By Iris Barker

Japanese investors to invest $ 1 billion to develop unmanned vehicles at Uber

Toyota Motor Company, Denso and SoftBank Vision Fund will invest $ 1 billion in a division of Uber Technologies Inc., which develops unmanned vehicles, reports Uber.
Published on April 19, 2019
By Iris Barker

Walmart to hire 4 thousand robot cleaners

People have become accustomed to how smartphones help them in their daily lives. Now it's time for larger, less intelligent, but equally indispensable helpers, according to Walmart.
Published on April 19, 2019
By Iris Barker

Samsung Galaxy Fold: Expensive but fragile

Samsung Galaxy Fold raised a lot of questions at the presentation, the main one of which was its durability. How strong should be the glass that has to be bentโ€ฆ
Published on April 18, 2019
By Iris Barker

10 largest M&A deals in 2019

One of the largest US oil and gas companies, Chevron, announced purchase of Anadarko Petroleum, one of the key producers on the shelf of the Gulf of Mexico.
Published on April 17, 2019
By Iris Barker

Apple agrees to pay for Qualcomm chips after two years of litigation

Apple Inc. and Qualcomm Inc. agreed to complete all legal proceedings, thus putting an end to the long-standing litigation.
Published on April 17, 2019
By Iris Barker

Deloitte: New generation of millionaires is more lavish than previous

Despite the slowdown in economic growth around the world, the luxury market continues to grow. According to Deloitte, revenue of the largest companies in the luxury segment in fiscal 2017โ€ฆ
Published on April 15, 2019
By Iris Barker

European Commission to allocate โ‚ฌ 200 million to Norway-Poland gas pipeline

The European Commission will allocate additional funding for the construction of the Baltic Pipeline, which will connect Poland, Denmark and Norway. An agreement on a grant for this project inโ€ฆ
Published on April 15, 2019
By Iris Barker

Venezuela pays no attention to sanctions and supplies oil to Cuba

PDVSA, the state oil and gas company of Venezuela, continues to supply oil to Cuba after the introduction of new US sanctions in early April, Reuters reported, citing documents ofโ€ฆ
Published on April 15, 2019
By Iris Barker

France opposes EU-US trade negotiations

France will vote against trade negotiations between the European Union and the United States, despite the fact that the rest of the Europeans agreed to start negotiations with Washington. Aโ€ฆ
Published on April 15, 2019
By Iris Barker

Tesla, Panasonic refuse to increase production at Gigafactory 1

Tesla and Panasonic have temporarily abandoned the idea of increasing production at Gigafactory 1, the world's largest factory for the production of batteries for electric vehicles, according to Nikkei.
Published on April 12, 2019
By Iris Barker

OECD: Middle class in the USA and other countries is declining

At the height of the middle class in 1985, its total income was four times more than that of the richest population. Three decades later, it fell to less thanโ€ฆ
Published on April 12, 2019
By Iris Barker

United States and China to implement trade agreement

US Treasury Secretary Steven Mnuchin said that Washington and Beijing are making progress in trade negotiations. In particular, the parties agreed on a mechanism that will ensure compliance with theโ€ฆ
Published on April 11, 2019
By Iris Barker

Levi Strauss publishes first report after IPO

Levi Strauss & Co., the manufacturer of denim clothing, published the first quarterly report after entering the public market.
Published on April 11, 2019
By Iris Barker

Top 5 largest IPOs in the last 10 years

2019 promises to be hot for IPO. Lyft taxi service entered the exchange recently, and the debut was extremely successful. Now, investors are looking forward to IPOs of other long-awaitedโ€ฆ
Published on April 10, 2019
By Iris Barker

Norway’s largest party to ban oil production near Lofoten Islands

The Labour Party of Norway decided not to support oil production in the region of the Lofoten Islands. Now, opponents of the deployment of oil projects in the Norwegian Arcticโ€ฆ
Published on April 9, 2019
By Iris Barker

EU will respond to US subsidies for Boeing

The European Union is getting ready to respond to US subsidies for Boeing aircraft manufacturing corporation, Reuters reported, citing a source in the European Commission.
Published on April 9, 2019
By Iris Barker

Estonia’s euroskeptics are about to join the government

The anti-immigrant movement will maximally strengthen position of nationalists on the eve of the EU parliamentary elections.
Published on April 8, 2019
By Iris Barker

Tesla to protect Fiat Chrysler from fines in Europe

Fiat Chrysler Automobiles (FCA) took the opportunity to reduce its exhaust emissions while getting ready for more stringent emission requirements for cars in Europe in 2021. According to the Financialโ€ฆ
Published on April 8, 2019
By Iris Barker

USA and South Korea launch the first commercial 5G networks

Commercial 5G network from the American Verizon was to be the first in the world. But then Korean companies suddenly announced that their 5G starts earlier. Verizon hurried to changeโ€ฆ
Published on April 5, 2019
By Iris Barker

Investorโ€™s choice: AMD vs NVidia

Investors are often reminded that the best way to invest is to follow falls, and growth will take care of itself. Is it possible to apply this strategy to Nvidiaโ€ฆ
Published on April 5, 2019
By Iris Barker

Head of Maersk Energy Division to step down

Deputy CEO of A.P. Moller-Maersk and Head of the energy division of the company Claus V. Hemmingsen will step down his post and leave the company as part of theโ€ฆ
Published on April 4, 2019
By Iris Barker

Institute of International Finance: Global debt growth is slowing down

The total debt load in the world in 2018 grew by less than 1.5% . Its peak was passed in the first quarter, after which the volume of liabilities beganโ€ฆ
Published on April 4, 2019
By Iris Barker

Lagarde: bribery causes damage of 2% of global GDP

Global bribery leads to damage, which is estimated at $ 1.5 trillion, or 2% of world GDP, said Head of the International Monetary Fund (IMF) Christine Lagarde during a speechโ€ฆ
Published on April 3, 2019
By Iris Barker

Eastern Europe wins in double food standards fight

In the near future, Prague residents will drink Coca-Cola in full confidence that it consists of exactly the same ingredients that the beverage drunk, say, by Berliners or Londoners. Theโ€ฆ
Published on April 3, 2019
By Iris Barker

Situation in Algeria scares oil investors

Protests, which broke out 6 weeks ago in Algeria, have already involved millions of citizens of the country opposing current President Abdelaziz Bouteflika. A week ago, Exxon announced that itโ€ฆ
Published on April 2, 2019
By Iris Barker

2 companies for maximum benefits from the cloud revolution

While everyone is busy arguing about data, privacy and the role of large technology companies, Microsoft and Amazon are already creating alliances, the goal of which is to freely exchangeโ€ฆ
Published on April 2, 2019
By Iris Barker

Deliveries of AR/VR devices to grow by 54% in 2019

In 2019, global shipments of augmented and virtual reality devices (AR/VR) will increase by 54.1% and reach 8.9 million units, IDC analysts forecast. In the next five years, the marketโ€ฆ
Published on April 1, 2019
By Iris Barker

Chinese market: New bonanza for luxury brands

According to a marketing research of the luxury market in China, compiled by Bain & Company, sales in this area increased by 20% in 2018 and exceeded the figures forโ€ฆ
Published on April 1, 2019
By Iris Barker

EU will stop saving migrants in the Mediterranean

The European Union is completing the naval part of the large-scale Operation SOPHIA off the coast of Libya. Thanks to this Mediterranean patrol operation launched at the height of theโ€ฆ
Published on March 29, 2019
By Iris Barker

ZTE Corp. shares jump 14% up after profit forecast

Shares of the Chinese manufacturer of telecommunications equipment ZTE Corp. jumped 14% after the company predicted a profit of up to 1.2 billion yuan ($ 178.18 million) in the firstโ€ฆ
Published on March 28, 2019
By Iris Barker

Uber signs the largest deal in its history

Uber taxi service is buying its competitor for $ 3.1 billion. This is the most expensive transaction of the company and the first purchase of a regional competitor.
Published on March 28, 2019
By Iris Barker

IEA: global energy demand rose by 2.3% in 2018

Global energy demand rose 2.3% last year. This is the fastest pace this decade, the International Energy Agency said.
Published on March 27, 2019
By Iris Barker

US wants to send astronauts to the moon by 2024

Washington wants the next space mission to the moon to be American. The Vice President of the United States criticized NASA for the slow pace of work.
Published on March 27, 2019
By Iris Barker

Apple shows new entertainment services

Apple announced launch of new software products, including Apple Arcade gaming platform and Apple TV + video service.
Published on March 26, 2019
By Iris Barker

Samsung warns about profits below forecasts

South Korean Samsung Electronics Co. shares declined on Tuesday after the company issued a profit warning before trading, reports The Wall Street Journal.
Published on March 26, 2019
By Iris Barker

Analysts: Beware of โ€œJapaneseโ€ effect on European economy

The crisis in Japan is now characterized as a โ€œlost decadeโ€: the economy has barely grown, the country has been experiencing deflation, and a huge amount of bad debts hasโ€ฆ
Published on March 25, 2019
By Iris Barker

Nike net profit soars up

Manufacturer of sports equipment Nike (USA) increased its net profit in annual terms by 3.8 times to $ 3.04 billion for the nine months of the 2018-19 fiscal year endedโ€ฆ
Published on March 22, 2019
By Iris Barker

Venezuelaโ€™s misfortunes can ignite energy crisis in Cuba

Last week, the leader of the Venezuelan opposition Juan Guaidรณ told reporters that he ordered to stop the supply of oil to Cuba. He explained his decision by a majorโ€ฆ
Published on March 22, 2019
By Iris Barker

South Korean semiconductor manufacturers shares jump after Micron report

Shares of semiconductor manufacturers in South Korea rose sharply on Thursday after publication of better-than-expected financial results of the American chip maker Micron Technology, reports CNBC.
Published on March 21, 2019
By Iris Barker

China’s expansion into Europe: Italyโ€™s ports are next

Container ships with Chinese goods for the EU countries pass the Suez Canal but do not moor right away in the ports of Greece and Italy. More often, they spendโ€ฆ
Published on March 21, 2019
By Iris Barker
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