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Iris Barker


US National Security Agency cuts its workforce by 2,000

The US National Security Agency (NSA), which is responsible for signals intelligence, cyber intelligence, and the security of electronic communications networks, has reduced its workforce by 2,000 employees as partโ€ฆ
Published on December 3, 2025
By Iris Barker

UK government to increase taxes on property, high incomes, and electric vehicles

Chancellor of the Exchequer Rachel Reeves introduced a new budget featuring substantial tax hikes.
Published on December 1, 2025
By Iris Barker

Netanyahu asks Israeli president for pardon in corruption case

Israeli Prime Minister Benjamin Netanyahu has submitted a request for a pardon to President Isaac Herzog, reports The Times of Israel (ToI), referencing the presidential office. Netanyahu faces allegations ofโ€ฆ
Published on December 1, 2025
By Iris Barker

Politico: EU will begin discussing 20th round of sanctions against Russia in 2026

According to Politico's sources, the EU might decide on the next set of anti-Russian sanctions following the New Year holidays.
Published on November 27, 2025
By Iris Barker

Pentagon wants to add Alibaba and Baidu to the list of companies linked to the Chinese military

The Pentagon has decided that China's Alibaba Group Holding Inc., Baidu Inc., and BYD Co. are aiding the Chinese military and should be included on the US 1260H list, accordingโ€ฆ
Published on November 27, 2025
By Iris Barker

Italian regulator expands investigation into Meta’s AI policies

Italy's antitrust authority, the Autorita Garante della Concorrenza e del Mercato (AGCM), has broadened its inquiry into Meta's approach to AI policies, according to a report by The Wall Streetโ€ฆ
Published on November 27, 2025
By Iris Barker

China unveils plan to stimulate consumption

China's Ministry of Industry and Information Technology, together with other government departments, has launched a new strategy aimed at boosting consumer spending and ensuring a better match between the supplyโ€ฆ
Published on November 27, 2025
By Iris Barker

Rising US electricity demand is causing gas turbine shortage

The US Department of Energy has released a request to evaluate the issues confronting US gas turbine makers that are hindering manufacturing capabilities for this power apparatus.
Published on November 24, 2025
By Iris Barker

US Bitcoin ETFs may see record monthly outflows in November

US Bitcoin exchange-traded funds (ETFs) have experienced $3.5 billion in investor withdrawals since the start of this month, as per Bloomberg's estimates.
Published on November 24, 2025
By Iris Barker

Lagarde calls on Europe to remove internal barriers to trade

Europe should eliminate domestic obstacles to move away from a growth model that relies heavily on exports, said European Central Bank President Christine Lagarde during a speech to bankers, asโ€ฆ
Published on November 24, 2025
By Iris Barker

Eli Lilly becomes the worldโ€™s first pharmaceutical company with a market cap of over $1 trillion

American pharmaceutical company Eli Lilly has become the first pharmaceutical company globally to reach a market capitalization of more than $1 trillion. This achievement is largely due to strong demandโ€ฆ
Published on November 24, 2025
By Iris Barker

Nvidia shares rise 6% after reporting record revenue and good forecast

Nvidia released a solid financial performance report that surpassed what analysts predicted. As the leading company in artificial intelligence, its revenue reached a new high of $57 billion, and theโ€ฆ
Published on November 20, 2025
By Iris Barker

Rocket Lab launches Earth observation satellite

The American Electron rocket successfully placed the BlackSky Gen-3 satellite, designed for radar imaging of the Earth's surface, into orbit on Thursday, according to Rocket Lab, the launcher's developer.
Published on November 20, 2025
By Iris Barker

The Netherlands return control over Nexperia to its Chinese owner

Dutch authorities have paused a regulation that previously enabled the government to take control of Nexperia, a chip manufacturer owned by the Chinese company Wingtech Technology Co.
Published on November 19, 2025
By Iris Barker

The US is proposing new plan to end the conflict in Ukraine

Reuters and the Financial Times reported that the United States is working on a new strategy to bring an end to the "military special operation" in Ukraine. According to theirโ€ฆ
Published on November 19, 2025
By Iris Barker

ECB slightly eases capital requirements for Eurozone banks

The European Central Bank (ECB) has made a small adjustment to the capital requirements for banks in the Eurozone for 2026, as these institutions passed their stress tests earlier thisโ€ฆ
Published on November 19, 2025
By Iris Barker

Exxon to close ethylene plant in Scotland

ExxonMobil, an American energy company, has announced its intention to shut down the ethylene plant in Fife, Scotland, in February 2026.
Published on November 19, 2025
By Iris Barker

Iran ready to resume nuclear talks with Washington

Tehran is prepared to restart discussions with Washington regarding the Iranian nuclear program, but only if the United States treats Iran with respect, said Iranian Foreign Minister Abbas Araghchi inโ€ฆ
Published on November 17, 2025
By Iris Barker

Bloomberg: Berlin underestimates Germany’s growing dependence on China

German officials and business leaders are not giving enough focus to the increasing reliance of the German economy on China, which could lead to serious consequences, according to Bloomberg.
Published on November 17, 2025
By Iris Barker

India’s largest asset management company plans $1.2 billion IPO

SBI Funds Management Ltd., which is India's largest asset management company, is looking into launching an initial public offering (IPO) on the Mumbai Stock Exchange during the first half ofโ€ฆ
Published on November 14, 2025
By Iris Barker

Musk’s AI startup xAI raises another $15 billion

Elon Musk's U.S.-based artificial intelligence company, xAI, has secured $15 billion in funding from investors in its most recent funding round, according to CNBC, which is referencing sources.
Published on November 14, 2025
By Iris Barker

Japan’s Marubeni is shifting toward investments isolated from global trade

Japan's Marubeni is moving towards investments that are less connected to global trade, according to Chief Executive Officer Masayuki Omoto, as reported by the Financial Times.
Published on November 13, 2025
By Iris Barker

ECB officials see no need to change rates in the absence of inflation risks

The European Central Bank is not expected to adjust its main interest rate unless the Eurozone economy experiences another major disruption, according to ECB Executive Board member Isabel Schnabel, whoโ€ฆ
Published on November 13, 2025
By Iris Barker

AI to manage design, construction, and operation of new South Korean data center

Investment group Stock Farm Road (SFR) has entered into an agreement with the American firm Voltai to incorporate artificial intelligence (AI) into the design, construction, and operation of its dataโ€ฆ
Published on November 12, 2025
By Iris Barker

European Commission proposes creating solidarity fund for EU countries facing migration pressure

The European Commission has suggested setting up a solidarity fund to help Member States that are dealing with a lot of migration pressure.
Published on November 12, 2025
By Iris Barker

Air traffic controller shortages result in cancellation of thousands of flights in the US

Hundreds of thousands of travelers in the United States have faced flight delays or cancellations because of the federal government shutdown, according to Reuters.
Published on November 11, 2025
By Iris Barker

Court releases former French President Nicolas Sarkozy from prison

The Paris Court of Appeals has approved the defense team's request to release former French President Nicolas Sarkozy from prison and transfer him to judicial supervision, as reported by BFMTV.โ€ฆ
Published on November 11, 2025
By Iris Barker

Turkey’s Central Bank aims to slow inflation to 16% by the end of 2026

Turkey's Central Bank has updated its inflation forecast for the country, raising it to a range of 31-33% by the end of 2025, up from the earlier estimate of 25-29%,โ€ฆ
Published on November 10, 2025
By Iris Barker

Dubai overtakes New York in Savills’ Best Cities for Millionaires ranking

Dubai has been recognized as the most appealing city for high-net-worth individuals according to a report published by real estate firm Savills Plc.
Published on November 10, 2025
By Iris Barker

SpaceX to buy spectrum from EchoStar for $2.6 billion, paying for the deal with own shares

Elon Musk's aerospace company, SpaceX, is buying spectrum licenses from EchoStar Corp. for $2.6 billion.
Published on November 7, 2025
By Iris Barker

US court approves dismissal of Boeing 737 MAX crashes case

Boeing Co. will not face criminal charges related to two plane crashes that caused the worldwide grounding of the 737 MAX aircraft.
Published on November 7, 2025
By Iris Barker

Norway’s sovereign wealth fund suspends the sale of shares in “unethical” companies following US outrage

The Norwegian parliament has decided to pause the "ethical" process of selling shares in the country's sovereign wealth fund, according to Bloomberg. This decision will allow the fund to keepโ€ฆ
Published on November 6, 2025
By Iris Barker

Typhoon Kalmaegi’s death toll in the Philippines exceeds 110

110 individuals have lost their lives due to the severe Typhoon Kalmaegi, which hit the Philippines on Tuesday, as reported by The Philippine Star on Wednesday.
Published on November 6, 2025
By Iris Barker

AMD increases net profit by 1.6x, achieves record revenue in Q3

American chipmaker Advanced Micro Devices Inc. (AMD) reported a significant rise in its net profit for the third quarter, increasing by more than 1.6 times, and revenue grew by 36%,โ€ฆ
Published on November 5, 2025
By Iris Barker

Mamdani wins New York mayoral election

Democratic Party member Zohran Mamdani, who is 34 years old, declared his win in the New York City mayoral election during a gathering with his supporters, as reported by Americanโ€ฆ
Published on November 5, 2025
By Iris Barker

Bloomberg: Chinese companies are refusing to purchase Russian oil

Chinese oil refineries are declining to buy oil from Russia after the US and other nations imposed sanctions on Russian oil firms, according to Bloomberg, referencing traders.
Published on November 3, 2025
By Iris Barker

Israeli Defense Minister accuses the Lebanese President of delaying Hezbollah’s disarmament

Israeli Defense Minister Israel Katz accused the Lebanese leadership of prolonging the disarmament of Hezbollah, according to the Times of Israel.
Published on November 3, 2025
By Iris Barker

US Senators criticize Trump’s decision to resume nuclear weapons testing

Jeanne Shaheen, a senator who serves on the Foreign Relations and Armed Services Committees, strongly criticized President Donald Trump's decision to restart nuclear weapons testing.
Published on October 31, 2025
By Iris Barker

Lagarde: The ECB is in a good position regarding monetary policy

The European Central Bank (ECB) is still in a strong position to maintain its current approach to monetary policy, said ECB President Christine Lagarde after the October meeting. She madeโ€ฆ
Published on October 31, 2025
By Iris Barker

Seoul to invest $350 billion in US economy in exchange for Washington’s tariff cuts

US President Donald Trump said he reached an agreement with South Korean leaders about big investments from South Korea into the US economy. In return, the US will lower someโ€ฆ
Published on October 30, 2025
By Iris Barker

Bloomberg: AI bubble fears are easing thanks to company profits

Profit predictions for companies in the artificial intelligence field are helping to ease worries that the recent rise in global stock markets, driven by interest in this technology, has becomeโ€ฆ
Published on October 30, 2025
By Iris Barker

Amazon to lay off 14,000 corporate employees

Amazon.com Inc. intends to cut jobs for around 14,000 corporate staff as part of a plan to save costs, as stated by Beth Galetti, the company's senior vice president.
Published on October 29, 2025
By Iris Barker

UN Secretary-General declares humanity’s failure in the fight against climate change

In the coming years, global temperatures are expected to rise beyond the previously set 1.5ยฐC target, but it is still possible to prevent this rise from becoming permanent, according toโ€ฆ
Published on October 29, 2025
By Iris Barker

Mitsubishi Power expects gas turbine orders to grow by more than 20% in 2025

Mitsubishi Power Ltd. President Takao Tsukui anticipates a major rise in orders for turbines used to produce electricity from natural gas, due to strong demand in the United States andโ€ฆ
Published on October 28, 2025
By Iris Barker

Japanese Prime Minister nominates Trump for Nobel Peace Prize

Japanese Prime Minister Sanae Takaichi has proposed US President Donald Trump for the Nobel Peace Prize, according to a statement from White House Press Secretary Karoline Leavitt.
Published on October 28, 2025
By Iris Barker

The US is seeking to end China’s export controls on rare earth metals

One of the key issues on the trade and economic agenda for the upcoming discussions between US President Donald Trump and Chinese President Xi Jinping is China's export controls onโ€ฆ
Published on October 27, 2025
By Iris Barker

Novartis to acquire US rare disease drug developer for $12 billion

Novartis has reached an agreement to purchase the biotechnology firm Avidity Biosciences for a total of $12 billion, which is equivalent to $72 per shareโ€”a 46% increase over the company'sโ€ฆ
Published on October 27, 2025
By Iris Barker

LVMH is considering selling its stake in Fenty Beauty

Louis Vuitton Moรซt Hennessy (LVMH, which encompasses Louis Vuitton and Dior, jewelry label Tiffany, and beauty retailer Sephora) is contemplating the sale of its 50% interest in Fenty Beauty, whichโ€ฆ
Published on October 22, 2025
By Iris Barker

Shares of vegan meat producer Beyond Meat soar 1,400%

Shares of Beyond Meat, a leading producer of plant-based meat alternatives, have surged almost 1,400% in just four trading days, as per market data.
Published on October 22, 2025
By Iris Barker

Gold suffers its sharpest drop in four years after breaking records

The immediate delivery spot price of gold dropped 4.4% on October 21, hitting a low of $4,165.57 per ounce, as per trading data.
Published on October 21, 2025
By Iris Barker
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