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Iris Barker


Powerty in Italy tripled in 10 years

Number of Italians who live below the poverty line has almost tripled in the last ten years, as the country experienced a double decline in a record long recession, Bloombergโ€ฆ
Published on July 14, 2017
By Iris Barker

ECB follows the Fed’s lead in the curtailment of the QE program

The European Central Bank (ECB) seeks to maintain the open time of the asset buy-back program, and not to set a potential date for its termination. These actions are meantโ€ฆ
Published on July 14, 2017
By Iris Barker

Hackers steal a businessman’s reputation in Sweden

Head of the largest Swedish security firm Securitas, Alf Gรถransson, was declared bankrupt this week. As it turned out later, hackers stole the businessmanโ€™s personal data, took a loan andโ€ฆ
Published on July 13, 2017
By Iris Barker

The largest bank in Qatar is expanding its presence in Asia

Expansion of Qatar National Bankโ€™s presence in Asia helps the lender to negate influence of the campaign conducted by Arab states to isolate Qatar, the bank's head stated. QNBโ€™s sharesโ€ฆ
Published on July 13, 2017
By Iris Barker

Petrรณleos de Venezuela to ramp up production

Petrรณleos de Venezuela (PDVSA) is going to invest $ 50 billion in increasing production to 2.5 million barrels per day by 2025.
Published on July 12, 2017
By Iris Barker

Wanda sells assets in China’s largest deal

Wanda Group, one of the largest Chinese buyers of foreign assets, announced sale of hotels and tourist facilities to a competitor company. The deal is the largest in the Chineseโ€ฆ
Published on July 12, 2017
By Iris Barker

Abercrombie & Fitch stops merger talks

Shares of Abercrombie & Fitch fell by almost 20%, after the retailer announced termination of negotiations with several potential buyers. Arthur Martinez, the groupโ€™s executive director, informed about the crumbedโ€ฆ
Published on July 11, 2017
By Iris Barker

Oculus Rift falls in priceโ€ฆagain

Oculus announced the next reduction in prices. As part of Summer of Rift campaign, you can buy a set of virtual reality helmet and two touch controllers for $ 399.โ€ฆ
Published on July 11, 2017
By Iris Barker

PWM reveals best citizenship-by-investment programs

Professional Wealth Management published a rating of countries that provide citizenship through investment, and also told about the current requirements of each country to potential applicants. The ratingโ€™s authors cameโ€ฆ
Published on July 7, 2017
By Iris Barker

2016 was a record for Saudi Aramco

Saudi Arabia's state-owned oil company Saudi Aramco increased production to a record level of 10.5 million barrels per day at the end of 2016.
Published on July 7, 2017
By Iris Barker

Germany is concerned about a possible US-EU trade war

Germany is concerned that US President Donald Trump can launch a trade war with Europe, German Foreign Minister Sigmar Gabriel said on Thursday before the G20 summit in the portโ€ฆ
Published on July 6, 2017
By Iris Barker

Monte Paschi comes up with a restructuring plan

Italian lender Banca Monte dei Paschi di Siena SpA presented a five-year restructuring plan that includes cutting thousands of jobs and selling assets after the European Union announced that theโ€ฆ
Published on July 6, 2017
By Iris Barker

Nokia and Xiaomi sign a patent agreement

Finnish manufacturer of mobile phones Nokia and Chinese vendor Xiaomi Technology have signed a licensing patent agreement. According to the companies, the transaction implies mutual provision of a cross-license. Inโ€ฆ
Published on July 5, 2017
By Iris Barker

Austria gathers troops to shelter itself against refugees

Enraged authorities of Italy called upon the Austrian ambassador, after the government in Vienna announced its readiness to reintroduce border control and deploy troops and armored vehicles along the border.โ€ฆ
Published on July 5, 2017
By Iris Barker

Samsung invests $ 18.6 billion in South Korea

Samsung Electronics announced its intention to invest more than 21.4 trillion won ($ 18.6 billion) in the development and expansion of its production facilities in South Korea by 2021.
Published on July 4, 2017
By Iris Barker

Abe to sign trade agreement with EU at G20 meeting

On Thursday, The European Union and Japan are expected to sign a free trade agreement to protect themselves from the emerging policy of protectionism in the US under President Donaldโ€ฆ
Published on July 4, 2017
By Iris Barker

Dropbox is preparing for an IPO

Dropbox cloud storage service began to prepare for the placement of securities for the first public offering of shares (IPO) at the end of this year, reports Reuters referring toโ€ฆ
Published on July 3, 2017
By Iris Barker

China opens Bond Connect program for foreign investors

On Monday, China and Hong Kong launched the Bond Connect program. This is cross-traded bonds, which open access to the market of China's debt securities for foreign investors. The marketโ€™sโ€ฆ
Published on July 3, 2017
By Iris Barker

Recovery of Japan’s economy is postponed

Industrial production in Japan declined more rapidly in May than it was in the aftermath of the devastating earthquake in March 2011, while stocks reached their highest level in almostโ€ฆ
Published on June 30, 2017
By Iris Barker

IIF: Global debt reached $ 217 trillion

According to the Institute of International Finance (IIF), the growth of the world debt for the past year has slowed down: in the first quarter it grew by only $โ€ฆ
Published on June 30, 2017
By Iris Barker

UK will have to increase gas imports after Brexit

The UK is shutting down the largest underground gas storage facility, which could result in a fuel shortage this winter. Most likely, all European storage facilities will no longer beโ€ฆ
Published on June 29, 2017
By Iris Barker

GM lowers sales forecast for the US

Sales of new cars in the US in 2017 will be range "below 17 million," which may indicate a moderate decline in the industry, told experts General Motors quoted byโ€ฆ
Published on June 28, 2017
By Iris Barker

AEON and IBM to create a blockchain platform

AEON financial company and technological giant IBM are developing a financial blockchain-oriented platform for the Asian market.
Published on June 28, 2017
By Iris Barker

Draghi defends the ECBโ€™s monetary policy

Head of the European Central Bank (ECB), Mario Draghi, spoke in favor of incentive measures, saying that young people will benefit from the revival of growth in the euro area,โ€ฆ
Published on June 27, 2017
By Iris Barker

Brexit will hit the UK fruit and vegetable industry

Last summer, UK residents voted to "stop feeding the EU", meaning to finance a number of joint projects. Now, however, it turns out that it is the EU that feedsโ€ฆ
Published on June 27, 2017
By Iris Barker

Did oil companies spend billions in vain?

ExxonMobil and its colleagues risk wasting $ 2.3 trillion on oil projects that will not be needed if the world reaches peak demand for hydrocarbons over the next decade, OilPriceโ€ฆ
Published on June 26, 2017
By Iris Barker

Trump to speak for America’s dominance in the energy sector

President of the United States Donald Trump intends to call for an increase in the export of oil and natural gas from the US during the Energy Week in orderโ€ฆ
Published on June 26, 2017
By Iris Barker

Faroe Islands are drumming up interest among oil investors

Oil companies are interested in renewing the search for oil and gas in almost unexplored seas near the Faroe Islands, which are located close to the British North Sea, Headโ€ฆ
Published on June 23, 2017
By Iris Barker

Nomura moves from London to Germany

Nomura Holdings Inc. decided to move the European Union headquarters to Frankfurt in connection with the release of Britain from the block, reports Bloomberg referring to sources familiar with theโ€ฆ
Published on June 23, 2017
By Iris Barker

Ethereum encounters a problem

One of the largest crypto-exchange exchanges - Bitfinex - has suspended the withdrawal of the Etherium. The reason is a protracted failure in the Etherium system.
Published on June 22, 2017
By Iris Barker

The World Bank is preparing for a transformation

The World Bank is shifting from the role of major development projects lender to the role of a private sector investment broker.
Published on June 22, 2017
By Iris Barker

Record 65.6 million people were displaced in 2016

The number of refugees, or forcibly displaced persons, has almost doubled in the past 20 years, the UN Refugee Agency said in a report.
Published on June 21, 2017
By Iris Barker

Are millionaires preparing for an apocalypse?

It is believed that the territory in the central United States, namely, states such as Colorado, Montana, Nebraska, New Mexico, North Dakota, Texas and Wyoming, is perfectly suited for survivalโ€ฆ
Published on June 21, 2017
By Iris Barker

Australia takes control over natural gas exports

Australian Prime Minister Malcolm Turnbull announced that his government will grant companies the right to obtain licenses for gas exports in an attempt to reduce domestic gas prices, writes Businessโ€ฆ
Published on June 20, 2017
By Iris Barker

Stock trading computers are not a future anymore

Decisions about investments are increasingly made not by a person, but by a computer. Now, quantum foundations - those in which investment decisions are made automatically on the basis ofโ€ฆ
Published on June 20, 2017
By Iris Barker

Does the People’s Bank of China manipulate the bitcoin course?

China's domination of the bitcoin network looks incredibly troubling for the technoliberarian puritans of the digital currency. Practically, they fear that the concentration of digital power in the world's secondโ€ฆ
Published on June 19, 2017
By Iris Barker

Ireland plays a hand in default of one of the largest post-Soviet banks

When the largest bank of Azerbaijan wanted to extract hundreds of millions of dollars from funds in neighboring Kazakhstan, it had to go backwards for 2,700 miles to Ireland, writesโ€ฆ
Published on June 19, 2017
By Iris Barker

Amazon to buy Whole Foods supermarkets

American online retailer Amazon.com reached an agreement to purchase a Whole Foods Market supermarket chain for $ 13.7 billion. The company will pay $ 42 per Whole Foodsโ€™ share.
Published on June 16, 2017
By Iris Barker

Greece gets โ‚ฌ 8.5 billion in exchange for austerity measures

Greece will avoid a default in July since European creditors agreed to allocate โ‚ฌ 8.5 billion for the country. The delay in payment became possible thanks to unpopular reforms inโ€ฆ
Published on June 16, 2017
By Iris Barker

Central banks attempting to save markets

In the first five months of this year, central banks bought assets worth $ 1.5 trillion. Among these assets are stocks, bonds and real estate.
Published on June 15, 2017
By Iris Barker

Airbus threatens to leave Britain

President of Airbus Commercial Aircraft (the largest division of the Airbus Group) Fabrice Brรฉgier said that Airbus can take its production out from Great Britain (the company has two plantsโ€ฆ
Published on June 15, 2017
By Iris Barker

The end of Yahoo! era

Yahoo! announced closure of the deal on sales of the companyโ€™s main business to Verizon Communications. The company will be renamed Altaba Inc. on June, 16. Since June 19, theโ€ฆ
Published on June 14, 2017
By Iris Barker

EU says goodbye to mobile roaming charges

Starting from tomorrow, the EU cancels the roaming charges for subscribers of European mobile communications companies. This is stated in a message of the Council of the European Union.
Published on June 14, 2017
By Iris Barker

Deutsche Bank gets $ 170 million fine for Euribor manipulations

Deutsche Bankโ€™s fine for manipulating the interbank rate will be higher than that of its competitors, Barclays and HSBC. As German business edition Handelsblatt writes, the German bank will haveโ€ฆ
Published on June 13, 2017
By Iris Barker

Denmark loses interest to electric cars

Denmark, the pioneer in renewable energy, has lost interest in electric vehicles Last year, the countryโ€™s government cancelled tax benefits for electric cars, and right after that their sales inโ€ฆ
Published on June 13, 2017
By Iris Barker

Alibaba’s founder adds $ 2.8 billion to his capital overnight

Capital of Jack Ma, the founder of the Internet company Alibaba, grew by $ 2.8 billion in just one day against the background of the company's sales forecasts, reports Bloomberg.
Published on June 9, 2017
By Iris Barker

SoftBank buys robot manufacturers from Alphabet

SoftBank, a member of the Japanese holding SoftBank Group Corp, entered into a definitive agreement on purchase Boston Dynamics and Schaft, two manufacturers of robots owned by Alphabet Inc.
Published on June 9, 2017
By Iris Barker

Is Bank of Japan preparing to leave the QE?

The yen strengthened, and Japanese bonds fell on rumors that the Bank of Japan could change its rhetoric and admit that it is discussing a strategy of curtailing monetary stimulus,โ€ฆ
Published on June 8, 2017
By Iris Barker

Do American community banks have a chance?

A few weeks ago, Standard Financial, a bank with assets of $ 488 million and only nine branches, merged with Allegheny Valley Bancorp, an even smaller neighbor in the suburbsโ€ฆ
Published on June 8, 2017
By Iris Barker

Pinterest attracted $ 150 million of investment and is now estimated at $ 12.3 billion

One of the hottest start-ups in the Silicon Valley has attracted more than $ 1 billion since its inception in 2010.
Published on June 7, 2017
By Iris Barker
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