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Iris Barker


The future of private flights at Farnborough air show

The Farnborough air show 2018 was attended by more than 100 countries. Total amount of deals concluded there reached $ 192 billion. But Farnborough is not only a rivalry betweenโ€ฆ
Published on July 30, 2018
By Iris Barker

Starbucks receives record revenue in Q3

American Starbucks Corporation, which owns the world's largest network of coffee houses, increased revenue to a record level in the third fiscal quarter.
Published on July 27, 2018
By Iris Barker

BP buys BHP shale business in the US for $ 10.5 billion

Energy giant BP Plc agreed to pay $ 10.5 billion for most of the US shale assets of the Anglo-Australian mining giant BHP Billiton Ltd. This is the largest acquisitionโ€ฆ
Published on July 27, 2018
By Iris Barker

Saudi Arabia suspends oil exports through the Bab-el-Mandeb strait

Saudi Arabia has decided to suspend oil exports through the Bab-el-Mandeb strait after an oil tanker in the Red Sea was attacked by rebels from Yemen, said Saudi Arabia's Ministerโ€ฆ
Published on July 26, 2018
By Iris Barker

Iran is looking for allies

Having faced the threat of a significant reduction in the flow of petrodollars due to US sanctions, Iran set to look for allies. So far, the country is still supportedโ€ฆ
Published on July 26, 2018
By Iris Barker

IMF: Payment imbalance is growing in developing economies

Approximately half of the distortions in current accounts are excessive and unreasonable in terms of macroeconomic parameters, the IMF study of balance of payments says. The total volume of tradeโ€ฆ
Published on July 25, 2018
By Iris Barker

The UK to tighten M&A deals rules

The UK is planning the largest change in the M&A rules for almost two decades, giving the government new powers to block deals in all sectors of the economy, soโ€ฆ
Published on July 25, 2018
By Iris Barker

Investors divested โ‚ฌ 38 billion from European funds amid trade war fears

In June, European investors were withdrawing cash from mutual funds at the fastest pace in almost five years. The outflow was โ‚ฌ 38.3 billion amid fears of a global tradeโ€ฆ
Published on July 24, 2018
By Iris Barker

New Zealand company successfully finishes a four-day working week experiment

During March and April 2018, 240 employees of the New Zealand financial company Perpetual Guardian, managing legacies and trust funds, have been involved in an experiment. They were working fourโ€ฆ
Published on July 24, 2018
By Iris Barker

Saudi Aramco to buy up to 70% stake in SABIC petrochemical company

State Oil Company of Saudi Arabia Saudi Arabian Oil Co. (Saudi Aramco) intends to acquire a controlling stake in the petrochemical company SABIC, and possibly all 70% of shares ownedโ€ฆ
Published on July 23, 2018
By Iris Barker

Jeff Bezos: When will the richest person on Earth get problems in his company under control?

The head of Amazon Jeff Bezos once again became the richest man that ever walked on the earth. But even a fortune of $ 151 billion does not guarantee thatโ€ฆ
Published on July 23, 2018
By Iris Barker

Audi to curtail production because of Dieselgate scandal

Audi will be forced to limit production of cars from September this year due to the Dieselgate scandal, Bayerischer Rundfunk television and radio company reports with reference to the source.
Published on July 20, 2018
By Iris Barker

SoftBank Vision Fund to invest $1 bln in Chinese surveillance startup

SoftBank Vision Fund is going to pour almost one billion dollars in Chinese SenseTime Group Ltd., as the fund wants to get a share in the world's most expensive AIโ€ฆ
Published on July 20, 2018
By Iris Barker

Chinese Tencent to expand presence in the US

Tencent is stepping up its efforts to expand the payment service WeChat Pay in the US, reports CNBC. He noted that more large players will come to the market thisโ€ฆ
Published on July 19, 2018
By Iris Barker

Ireland pledges to stop investing in fossil fuels

Ireland will become the first country in the world to stop public investment in fossil fuels. The bill on the seizure of capital investments from non-renewable natural resources was supportedโ€ฆ
Published on July 19, 2018
By Iris Barker

Germany asks to return โ‚ฌ 4 thousand subsidies for the purchase of Tesla

The authorities of Germany asked to return the subsidies given for the purchase of Tesla Model S until March 2018, noting that operation of the subsidies will be resumed inโ€ฆ
Published on July 18, 2018
By Iris Barker

Iran hopes to keep its oil export with the help of China

Tehran hopes to protect its oil industry with the help of Asian buyers and, first of all, the Chinese.
Published on July 18, 2018
By Iris Barker

IEA: Electricity is the future of the economy

Investments in power generation are on the increase, while investments in renewable energy sources in 2017 have decreased, and this alarming trend may continue, the International Energy Agency notes.
Published on July 17, 2018
By Iris Barker

Net profit of Telenor increased 1.9 times in the first half of 2018

The net profit of the Norwegian telecom giant Telenor in the first half of 2018 increased 1.9 times year-on-year, reaching NOK 7.642 billion ($ 943 million), the company said inโ€ฆ
Published on July 17, 2018
By Iris Barker

Saudi Arabia is offering extra oil supply to Asian buyers

Saudi Arabia is offering extra volumes of oil in addition to its contractual supplies, to some buyers in Asia. This is reported by Bloomberg referring to sources familiar with theโ€ฆ
Published on July 16, 2018
By Iris Barker

Was Trump’s visit to the UK the last straw?

It seems that times when there were special relations between Great Britain and its former colonies in the New World have irretrievably gone. Of course, Tramp didnโ€™t start it, butโ€ฆ
Published on July 16, 2018
By Iris Barker

Nasdaq jumps to a record high

US stock indices rose on Thursday. Nasdaq Composite jumped to a record high on the basis of trading results due to the rise in the share price of information technologyโ€ฆ
Published on July 13, 2018
By Iris Barker

Le Maire: The US refused to release France from anti-Iran sanctions

The United States rejected a request of Paris to release French companies operating in Iran from sanctions. This was stated by French Finance Minister Bruno Le Maire in an interviewโ€ฆ
Published on July 13, 2018
By Iris Barker

One Belt, One Road is facing difficulties around the world

Consulting company RWR Advisory Group says that at the moment 14% or 234 of the 1,674 China-funded infrastructure projects in the OBOR, which covers 66 countries on several continents, haveโ€ฆ
Published on July 12, 2018
By Iris Barker

Qatar to raise $ 4 billion to buy Eurofighter Typhoon jets

Qatar is seeking to attract more than $ 4 billion from banks to finance purchase of Eurofighter Typhoon fighters. This is reported by Bloomberg referring to sources familiar with theโ€ฆ
Published on July 11, 2018
By Iris Barker

OPEC can’t control oil prices anymore

On the morning of July 10, a barrel of the Mediterranean brand Brent traded in London at $ 78.5. In the afternoon, the September futures were already worth $ 79.06โ€ฆ
Published on July 11, 2018
By Iris Barker

Takeda receives US permission to buy Shire

Japanese pharmaceutical giant Takeda is one step closer to the world leadership in the field of medicines. The company received unconditional permission from the US Federal Trade Commission to purchaseโ€ฆ
Published on July 10, 2018
By Iris Barker

US-China trade war: China is forced to resort to uncommon measures

The exchange of blows in the trade war between the United States and China is getting tougher. The US has introduced duties on goods, the total value of which isโ€ฆ
Published on July 10, 2018
By Iris Barker

The UK sets to turn all cars zero-emission by 2030

The British government has presented an ambitious plan for the massive introduction of electric transport technologies throughout the country. According to the document, by 2022 a quarter of the governmentโ€ฆ
Published on July 9, 2018
By Iris Barker

Tesla reveals new problems, Elon Musk’s patience is wearing thin

Teslaโ€™s shareholders rejoiced ะฐor a short time: the company fulfilled its long-standing promise and reached the targets for the production of 5,000 vehicles a week. Then, there occurred reports thatโ€ฆ
Published on July 9, 2018
By Iris Barker

Bank of England warns of LIBOR risks

British banks and financial firms risk getting a time bomb if they do not refuse to use the London Interbank Offering Rate (LIBOR) by 2021, warn regulators. This is reportedโ€ฆ
Published on July 5, 2018
By Iris Barker

The third consecutive lawsuit is filed against Ripple Labs

Another lawsuit has been filed against the crypto-currency start-up Ripple Labs in California. The plaintiff David Oconer demands to recognize the crypto currency XRP as a security. This will meanโ€ฆ
Published on July 5, 2018
By Iris Barker

Baidu comes up with a self-driving bus

The Chinese company Baidu, which also owns the same search engine, announce release of the first hundred buses with the unmanned driving technology.
Published on July 5, 2018
By Iris Barker

Did China start a currency war?

During the election campaign and in the first months of the presidency, Donald Trump has repeatedly called China "a currency manipulator", and threatened to punish the country. To begin with,โ€ฆ
Published on July 5, 2018
By Iris Barker

Middle East economies are recovering in 2018

According to forecasts this year, the economies of the Middle East will grow by an average of 2.4%, as they are trying to recover from the difficult 2017, helped byโ€ฆ
Published on July 4, 2018
By Iris Barker

ILO: World has to pay more attention to children and elderly care services

The sector of children and elderly care services should grow by 269 million jobs in the world until 2030. Otherwise, it will not be able to meet needs of theseโ€ฆ
Published on July 4, 2018
By Iris Barker

German ruling coalition is under threat of disintegration

Three months after the inauguration of German Chancellor Angela Merkel for the fourth term, the ruling coalition in Germany has found itself on the verge of collapse. On Monday, theโ€ฆ
Published on July 3, 2018
By Iris Barker

FT: Trump tariffs will hit millennials

New rules for the import of goods into the United States from China are coming into effect on Friday. From July 6, they will be subject to an additional 25โ€ฆ
Published on July 3, 2018
By Iris Barker

HTC to lay off a quarter of employees

The manufacturer of smartphones HTC plans to cut about a quarter of the staff at the expense of the production unit in Taiwan. The company is going to do thisโ€ฆ
Published on July 2, 2018
By Iris Barker

Developing countries are stepping up their own space programs

An increasing number of countries that were not previously associated with active space exploration are introducing their own space programs. Among those states are countries such as Pakistan, the Unitedโ€ฆ
Published on July 2, 2018
By Iris Barker

California adopts the most stringent data protection law in the US

On Thursday, California Governor Jerry Brown signed a law on the protection of personal data of Internet users. The law has already been dubbed the hardest of all that operatesโ€ฆ
Published on June 29, 2018
By Iris Barker

China opens to import

In response to accusations of restricting activities of foreign companies on the domestic market, the Chinese authorities promised not to dwell on tariff cuts agreed upon when joining the WTOโ€ฆ
Published on June 29, 2018
By Iris Barker

McAfee: Number of cybercrime attacks skyrocketed

The anti-virus software developer McAfee reported a sharp increase in malicious programs that are secretly installed on computers and other devices for the crypto currency. As a result of theโ€ฆ
Published on June 28, 2018
By Iris Barker

Stada buys Nizoral

The German pharmaceutical company Stada, specializing in the production of generics, announced acquisition of rights for Nizoral dandruff shampoo in the EMEA region. However, the companyโ€™s head Claudio Albrecht didโ€ฆ
Published on June 28, 2018
By Iris Barker

Washington is getting ready to limit investments in high technology

The US White House is preparing new restrictions to protect US high-tech companies Now, they relate not to imports, but to foreign investments. In this case, the head of theโ€ฆ
Published on June 27, 2018
By Iris Barker

IMF: Active labor policy can ease aging of the population

Only an active state policy on the labor market is capable to partially compensate for the negative trends associated with population aging and production automation in developed countries, the IMF'sโ€ฆ
Published on June 27, 2018
By Iris Barker

Chinese billionaires to invest in Xiaomi IPO

The three wealthiest people in China decided to invest in Xiaomiโ€™s IPO that will be held in the near future, Bloomberg reported, citing sources.
Published on June 26, 2018
By Iris Barker

GE to spin off GE Healthcare, get rid of Baker Hughes

American multidisciplinary concern General Electric Co. (GE) will spin off its GE Healthcare business to a separate company, and also sell a stake in Baker Hughes, an oilfield services companyโ€ฆ
Published on June 26, 2018
By Iris Barker

Water scarcity is killing the economy of India

India is going through the most severe water supply crisis in history: about 600 million people face water shortages on a daily basis, the government's analytical center said.
Published on June 25, 2018
By Iris Barker

British experts: Online gambling is dangerous

Excessive passion for online gambling leads to dependence, isolation and deterioration of health, experts warn. In Britain, the spread of such games is already called a "hidden epidemic."
Published on June 25, 2018
By Iris Barker
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