Iris Barker
Business & Finance
Australia, French Naval Group to build 12 submarines for € 30 bln
Australian authorities have signed a strategic partnership agreement with the French company Naval Group to build 12 diesel-electric submarines worth € 30 billion (50 billion Australian dollars).
Published on February 12, 2019
By Iris Barker
Business & Finance
Apple is losing China
According to IDC, decline in sales of smartphones in China in the last quarter of 2018 was 9.7%, but for Apple this figure was twice as high - almost 20%.…
Published on February 12, 2019
By Iris Barker
Business & Finance
Hyperloop comes to India
DP World, one of the world's largest port operators, is launching its first project for the high-speed Hyperloop system in India, according to CNBC.
Published on February 11, 2019
By Iris Barker
Science & Technology
What trends will be affecting the health sector in the coming years?
Health spending in the world is growing faster due to aging populations, spread of chronic diseases and introduction of expensive technologies. Market players will have to adapt to growing digitalization…
Published on February 11, 2019
By Iris Barker
Economics
Sanctions against Venezuela hit US oil industry
Refineries in the United States spend billions on heavy grades of oil. Sanctions imposed by Trump against Venezuela forced them to rush to look for other suppliers. However, there are…
Published on February 8, 2019
By Iris Barker
Business & Finance
Italy bars Huawei from 5G projects
Italy will ban Chinese companies Huawei Technologies and ZTE Corp from participating in the deployment of 5G infrastructure in the country, Italian newspaper La Stampa reported, citing informed sources.
Published on February 7, 2019
By Iris Barker
Business & Finance
Why did Europe block Siemens – Alstom merger?
Brussels did not give the green light to the Siemens and Alstom trains. On February 6, European Commissioner (Minister) for Competition Margrethe Vestager vetoed the plan of the German concern…
Published on February 7, 2019
By Iris Barker
World & Politics
US, China to hold new negotiations in Beijing
Senior US and Chinese officials are preparing to hold another round of trade negotiations in Beijing next week, Reuters reported, citing two sources familiar with the situation.
Published on February 6, 2019
By Iris Barker
Business & Finance
Germany to protect German companies from foreign takeovers
German Economy Minister Peter Altmaier proposed creating a special state investment fund that could temporarily take over German companies, which foreign firms claim to buy. In "exceptional" cases, the state…
Published on February 6, 2019
By Iris Barker
Business & Finance
Morgan Stanley: Apple shares will grow by 27%
Morgan Stanley analyst Katy Huberty believes that during 2019, the quotes of the American consumer electronics manufacturer will jump another 27%.
Published on February 5, 2019
By Iris Barker
Economics
UK companies are stocking up for a rainy day
In anticipation of Brexit without an agreement, British companies are packing their warehouses with a wide variety of goods, ranging from food and ending with drugs and car parts.
Published on February 4, 2019
By Iris Barker
Economics
Germany may face budget deficit in 2023
Germany will face a budget deficit of € 25 billion by 2023, if it does not reduce costs, as tax revenues will decline, and wages in the public sector will…
Published on February 4, 2019
By Iris Barker
Science & Technology
Deloitte identifies main cyber threats for power industry
International consulting company Deloitte has released a report on cyber threats to the electricity sector. Experts note that lately the risks of such threats have increased markedly, so energy companies…
Published on February 4, 2019
By Iris Barker
Economics
Venezuela to partly sell its gold reserve to UAE
Venezuela will sell 15 tons of gold from the country's central bank vaults to the United Arab Emirates (UAE) in the coming days for euro cash, a senior official
Published on February 1, 2019
By Iris Barker
Business & Finance
IDC: Smartphone sales showed the weakest performance in 2018
According to IDC analysts, global shipments of smartphones declined by 4.1%, to 1.4 billion units in the last year. This dynamic was the worst over the entire period of observation.…
Published on February 1, 2019
By Iris Barker
Business & Finance
European Commission: US duties on car trade with the EU will block dialogue on manufactured goods
Washington’s introduction of restrictions on automotive products trade with the European Union suspend negotiations, which have not yet begun, on the removal of duties on manufactured goods in the trade…
Published on January 31, 2019
By Iris Barker
Economics
Research: IQ level affects economic literacy
People with relatively high intelligence, as measured by the IQ test, more accurately predict level of inflation, and their households better adapt to economic changes through a change in the…
Published on January 31, 2019
By Iris Barker
Economics
Moody’s: Global economy slowdown will weaken the global credit market
A slowdown in the global economy, higher financing costs, deteriorating liquidity and market volatility will weaken the global credit market, analysts at Moody's Investors Service say.
Published on January 30, 2019
By Iris Barker
Economics
IoT technology encounters problems with industrial enterprises
Bain & Company published a report on the introduction of the Internet of things in the industry. It is noted that several years after the advent of such technologies and…
Published on January 30, 2019
By Iris Barker
Business & Finance
Fintech startups attract record funding in 2018
Fintech startups, funded by venture capital, last year attracted a record $ 39.57 billion from investors all over the world, which is 120 percent more than in 2017, Reuters reports,…
Published on January 29, 2019
By Iris Barker
Economics
US-China trade dispute is lowering oil quotes
On Monday, the cost of the nearest futures contracts for the supply of European Brent crude fell below $ 60 a barrel for the first time in two weeks. The…
Published on January 29, 2019
By Iris Barker
Business & Finance
Huawei to overtake Apple and Samsung in 2019
Chinese company Huawei sold $ 52 billion worth of smartphones in 2018. For the first time overtaking Apple in sales last summer, in 2019 the Chinese giant plans to overtake…
Published on January 28, 2019
By Iris Barker
Economics
Süddeutsche Zeitung: Large European companies pay less taxes than they should
The first place in terms of the inconsistency between the due and actually paid taxes is taken by Luxembourg. The situation in the EU is the best is in Bulgaria,…
Published on January 28, 2019
By Iris Barker
Science & Technology
Researchers: Half of Facebook users is fake
Facebook shares began to fall sharply after a report which indicates that half of the registered users on Facebook are fake accounts was published.
Published on January 25, 2019
By Iris Barker
Economics
What to expect from global economy in 2019?
Investment Bank Julius Baer does not believe in the onset of a recession this year, but recommends investors to closely monitor the situation in China and the problems of the…
Published on January 25, 2019
By Iris Barker
Economics
Bears are going back to market
On Tuesday, the first significant decline in the indices of US stock exchanges was noted in the new year. Nervousness passed on to yesterday's trading in Asia and Europe. Analysts…
Published on January 24, 2019
By Iris Barker
Business & Finance
Bloomberg: Investigation of Deutsche Bank’s role in Danske Bank case stopped
An investigation into the German Deutsche Bank in the case of large-scale money laundering through the Estonian branch of the largest Danish bank Danske Bank is not being conducted. It…
Published on January 23, 2019
By Iris Barker
Economics
ETF funds are increasing investments in gold
The total assets of funds investing in gold have updated the five-year maximum, exceeding the mark of 2.25 thousand tons. Uncertainty about prospects for the world economy in 2019, as…
Published on January 23, 2019
By Iris Barker
Business & Finance
MasterCard gets fined for €570 in Europe
The company was punished for cross-border restrictions: it did not allow retailers to take advantage of more favorable conditions offered by banks in other EU countries.
Published on January 22, 2019
By Iris Barker
Economics
IMF: Global economy is weakening
The International Monetary Fund (IMF) in its January macro-forecast once again lowered expectations for the growth of the world economy in 2019 and 2020, to 3.5% and 3.6%, respectively. In…
Published on January 22, 2019
By Iris Barker
Business & Finance
Xiaomi to invest $ 1.46 billion in Internet of Things
Chinese smartphones manufacturer Xiaomi Corp. plans to invest more than 10 billion yuan ($ 1.46 billion) in the Internet of Things (IoT) technology over the next five years, reports Securities…
Published on January 21, 2019
By Iris Barker
Business & Finance
Volkswagen – Ford alliance: first pickups, next electric cars
The German and American car builders are launching a strategic partnership at the time of a decisive restructuring of their business.
Published on January 21, 2019
By Iris Barker
Economics
Wealth-X: Europe shows the fastest growth in millionaires number
Last year, the number of wealthy people rose by 1.9% to 22.4 million worldwide (from $ 1 million to $ 30 million), according to a report by research company Wealth-X.…
Published on January 18, 2019
By Iris Barker
Business & Finance
McDonald’s loses “Big Mac”
“Big Mac” is no longer owned by McDonald’s completely. The company has lost the exclusive right to this name - however, only in the territory of the European Union.
Published on January 17, 2019
By Iris Barker
Economics
Global business is accumulating debt
The volume of the global debt load is now more than three times the size of the global economy. In the third quarter of 2018, this figure was $ 244…
Published on January 17, 2019
By Iris Barker
Business & Finance
Chinese Evergrande Group buys Swedish electric vehicle manufacturer for $ 930 mln
Evergrande Group, one of the Chinese real estate giants, is seeking to expand its portfolio by purchasing a Swedish electric vehicle manufacturer.
Published on January 16, 2019
By Iris Barker
Economics
Chinese exporters notice lack of demand
The US protective duties, imposed on supplies from China in the amount of more than $ 250 billion, have finally affected the volume of Chinese exports. In December it decreased…
Published on January 16, 2019
By Iris Barker
Economics
Venezuela raises minimum wage by 300%
Venezuelan President Nicolas Maduro announced an increase in the minimum wage in the country by 300%. As a result, it will grow to 18 thousand Bolivars (about $ 6.52) from…
Published on January 15, 2019
By Iris Barker
World & Politics
Macedonia ignites political crisis in Greece
An agreement to change the name of Macedonia, which opens the way for the country to the EU and NATO, will sooner or later lead to early elections in Greece.
Published on January 15, 2019
By Iris Barker
Science & Technology
Amazon’s Ring gets in a privacy scandal
Ring company, acquired by internet giant Amazon last year, found itself the center of a scandal: videotapes from smart cameras in residential buildings were stored unencrypted, moreover, service developers had…
Published on January 14, 2019
By Iris Barker
Economics
China’s trade turnover is falling faster than expected
Volume of foreign trade of China in 2018 in dollar terms reached a record in the entire history of the mark, having increased by 12.6% compared to 2017. However, a…
Published on January 14, 2019
By Iris Barker
Economics
Brazil green-lights Boeing-Embraer joint venture
The Brazilian government has approved a strategic partnership between Boeing and Embraer, which will set up two joint ventures (JVs), according to a general release of the companies.
Published on January 11, 2019
By Iris Barker
Business & Finance
Honda will suspend operation of its UK plant after Brexit
Japanese automaker Honda Motor Corp. is suspending operation of the plant in the British city of Swindon for six days in April in preparation for possible problems that may arise…
Published on January 11, 2019
By Iris Barker
Science & Technology
IBM offers to use the first quantum computer
At CES, IBM introduced the IBM Q quantum computer, which will be available to commercial companies, scientific organizations and educational institutions.
Published on January 10, 2019
By Iris Barker
Economics
World Bank: Global economy growth is slowing down
The world economy in 2019-2020 will grow more slowly than in 2018, as follows from a new forecast of the World Bank (WB). Compared to the June estimate, the forecast…
Published on January 10, 2019
By Iris Barker
World & Politics
Brazil turns right
The 38th President of Brazil, Jair Bolsonaro, took office. His board promises a u-turn of course for the largest state in Latin America and its allies. The radical right-wing politician…
Published on January 9, 2019
By Iris Barker
Economics
Samsung expects drop in profits by 29% in the IV quarter
South Korean Samsung Electronics Co., the world's largest manufacturer of smartphones and semiconductors, predicts a drop in operating profit in the fourth quarter by 28.7%, to approximately 10.8 trillion won…
Published on January 9, 2019
By Iris Barker
Business & Finance
Brazil denies Total’s appeal to drill at Amazon
Brazilian authorities have denied French Total to issue a license to drill exploration wells at the mouth of the Amazon, reports EFE, citing a statement from the Brazilian Institute for…
Published on December 28, 2018
By Iris Barker
World & Politics
Japan is trying to save its population with robots and migrants
Population of Japan is rapidly declining and will eventually die out completely. To cope with labor shortages, the mono-ethnic country weakens some of the strictest immigration laws in the world.…
Published on December 28, 2018
By Iris Barker
Business & Finance
Christmas sales set a new record in the US
According to MasterCard, sales of pre-Christmas sales in the United States increased by 5% over the same period last year. As experts explain, trade wars, the government shutdown and falling…
Published on December 27, 2018
By Iris Barker
