Iris Barker
Management
Credit Suisse CEO gets $ 12 million for 2016
Salary of Tidjane Thiam, Chief Executive Officer of Credit Suisse, grew to 11.9 million Swiss francs ($ 12 million) for the first year of his work, as journalists learned from…
Published on March 24, 2017
By Iris Barker
Economics
26-year-old Irishman becomes the youngest billionaire in the world
Evan Spiegel officially lost the status of the youngest billionaire in the world. His place was taken by Irishman John Collison, co-founder of e-payment service Stripe.
Published on March 23, 2017
By Iris Barker
Business & Finance
How Solar City metamorphosed Tesla’s balance sheets
Car sales and risky mergers are sucking money out from Tesla. Nevertheless, its financial position is much better than in the past. Does this mean that the company is ready…
Published on March 23, 2017
By Iris Barker
Business & Finance
YouTube lost its largest advertisers
Large companies suspended advertising on Google and YouTube, as their ads were shown along with extremist videos.
Published on March 22, 2017
By Iris Barker
Economics
Venezuela stops publishing economic data
More than a year after hyperinflation struck Venezuela, the country’s authorities stopped publishing official data on inflation and the stock of money. Thus, they deprived the public of the latest…
Published on March 22, 2017
By Iris Barker
Business & Finance
Saudi Aramco to issue bonds for $ 2 bln
Saudi Arabian Oil Co., state oil company of Saudi Arabia, plans to raise about $ 2 billion in the debut bond sale, which will be the first step of the…
Published on March 21, 2017
By Iris Barker
World & Politics
Skytrax names best airports in the world
Air travel portal Skytrax published results of its annual World Airport Awards. The rating is based on a survey of nearly 14 million travelers from 105 countries, with more than…
Published on March 21, 2017
By Iris Barker
Management
Uber’s President steps down
Jeff Jones, President of online taxi service Uber announced his resignation after nearly seven months of working with the company.
Published on March 20, 2017
By Iris Barker
Economics
Hedge funds bet on emerging markets
The world's largest publicly traded hedge fund, Man Group, prefers bonds denominated in local currencies instead of bonds in sound currency. Local bonds in 2017 are providing a yield twice…
Published on March 20, 2017
By Iris Barker
Business & Finance
EC fined 11 European air cargo carriers for € 776 million
The European Commission fined 11 airlines for a total amount of 776.465 million euros for collusion when setting tariffs for air freight in 1999-2006. This decision was made by the…
Published on March 17, 2017
By Iris Barker
Economics
Nine most promising economies of the world
The United Arab Emirates The most promising country in the world is. At least, such a conclusion can be made from a new rating published by News & World Report.
Published on March 16, 2017
By Iris Barker
Business & Finance
Uniqlo sets to compete with Zara
Fast Retailing Co., owner of the clothing brand Uniqlo, hopes that fast delivery of both the newest collections to stores and custom-made clothes to customers will help overtake Zara brand,…
Published on March 16, 2017
By Iris Barker
Business & Finance
Europe green-lights AT&T-Time Warner deal
The European Commission approved acquisition of telecommunications company AT&T Time Warner for $ 85 billion, writes the Financial Times.
Published on March 15, 2017
By Iris Barker
World & Politics
Why Geert Wilders is a danger to Europe
Today the Netherlands is having parliamentary elections, the result of which can affect politics and economy of the whole of Europe. One of the leaders of the pre-election polls is…
Published on March 15, 2017
By Iris Barker
Business & Finance
D&B: Number of corporate bankruptcies in the world went down in 2016
Number of corporate bankruptcies in the world declined in 2016 and reached a record low mark in several leading countries thanks to stimulating monetary policy and ultra-low interest rates in…
Published on March 14, 2017
By Iris Barker
Economics
The EU: United Kingdom owes nearly € 2 billion customs duties
The European Union is accusing London of customs fraud. Because of unfair operations, the EU budget lose 2 billion euros, experts say.
Published on March 14, 2017
By Iris Barker
World & Politics
China ready to unban Google
American technology corporation Google keeps discussing with the Chinese authorities on a possibility of its return to the Chinese market.
Published on March 13, 2017
By Iris Barker
Economics
China is the most active international investor
Results of 2016 showed that Chinese companies invested $ 225 billion in foreign business in total, which makes China the world leader in this indicator. This achievement looks even more…
Published on March 13, 2017
By Iris Barker
Science & Technology
Luxottica and Essilor will make smart glasses popular
There have been several years since Google presented its Google Glass. Now, manufacturers of glasses are attempting to create a sufficiently massive product. According to some estimates, this market can…
Published on March 10, 2017
By Iris Barker
Business & Finance
Norwegian Oil Fund makes a blacklist of companies
The Norwegian Oil Fund intends to send down several companies due to high corruption risks. Organizations with large amounts of carbon dioxide emissions and other non-core assets have already been…
Published on March 9, 2017
By Iris Barker
Economics
Ireland’s GDP growth is fastest in the EU
Economy of Ireland has remained the fastest growing in the European Union for the third consecutive year in 2016, although with a smaller margin than before.
Published on March 9, 2017
By Iris Barker
Business & Finance
Bitcoin may grow to $ 3 thousand by the end of the year
Popularity of virtual assets is growing, and rate of digital currency Bitcoin can climb to historic highs by the end of the year. Analysts predict that price of Bitcoin can…
Published on March 8, 2017
By Iris Barker
World & Politics
American hackers exposed in Germany
The CIA uses the US consulate in Frankfurt am Main to conduct hacking operations throughout Europe. This became known from documents published on WikiLeaks website. The publication can have an…
Published on March 8, 2017
By Iris Barker
World & Politics
The US Army makes a shift toward renewable energy
"Green" energy will save the planet from negative consequences of human activity". Most often we hear this when it comes to renewable energy sources.
Published on March 7, 2017
By Iris Barker
Business & Finance
Alibaba’s founder suggest jailing counterfeiters
Chinese billionaire Jack Ma wants the Chinese legislators to increase the legal liability for manufacturers of counterfeit products. The same appeal previously came from the world's brands that accused the…
Published on March 7, 2017
By Iris Barker
Business & Finance
Barron’s: Snap is overrated
Shares of Snap company, which owns Snapchat messenger, were overvalued by the market, said analysts of Barron's business magazine. On Friday, the stock closed at $ 27.09, while on paper…
Published on March 6, 2017
By Iris Barker
Business & Finance
Deutsche Bank increases capital by € 8 billion
Board of Directors of Deutsche Bank AG on Sunday decided to attract € 8 billion from the market to increase the core capital adequacy ratio to 14%. The bank also…
Published on March 6, 2017
By Iris Barker
Economics
Donald Trump’s trillion-dollar infrastructure plan is not going to work out
A month before becoming president in 2009, Barack Obama promised to implement a fairly ambitious program for infrastructure renewal by reconstruction of roads and bridges of the USA, which also…
Published on March 3, 2017
By Iris Barker
Business & Finance
Major banks paid $ 321 billion fines since 2008
Since 2008, banks around the world have paid $ 321 billion in the form of fines for various violations of the law, from money laundering to market manipulation and financing…
Published on March 2, 2017
By Iris Barker
Management
Hacker attacks on Yahoo! deprived Marissa Mayer of her bonus
Yahoo! Board of Directors decided to deprive the company’s General Director Marissa Mayer of annual bonus and dismiss the company's legal counsel. Board of Directors explained the decision by the…
Published on March 2, 2017
By Iris Barker
Business & Finance
Hershey’s plans global job cuts
American company Hershey Co. decided to carry out global job cuts over the next two years. Hershey, like other food producers, in recent years faced problems such as a change…
Published on March 1, 2017
By Iris Barker
Business & Finance
Oil producers doubled production costs
Major oil companies reported a drop in revenue in the fourth quarter of last year. However, many executives of oil companies still retain an optimistic attitude.
Published on March 1, 2017
By Iris Barker
World & Politics
Greece waits for a detailed bailout programme
Auditors of Greece are developing a list of measures for the country's authorities to release additional financial assistance funds. Apart from that, they are preparing to talks to Athens, writes…
Published on February 28, 2017
By Iris Barker
Economics
Global uncertainties, excess capacity put the Chinese economy in jeopardy
China's economy in 2017 will be facing risks associated with uncertainty in the world and an excess of production capacity in the country, reported Bureau of Statistics of China on…
Published on February 28, 2017
By Iris Barker
Business & Finance
Saudi Aramco to invest $ 7 billion in a refinery in Malaysia
Saudi Arabia’s state oil company Saudi Aramco plans to invest $ 7 billion in construction of a refinery and petrochemical complex in the southern Malaysian state of Johor. This was…
Published on February 27, 2017
By Iris Barker
Economics
New Scottish independence referendum is a threat to pound sterling
Pound sterling fell against all the major currencies on reports that team of British Prime Minister Theresa May is preparing for a referendum on Scottish independence, Bloomberg reported.
Published on February 27, 2017
By Iris Barker
Economics
China to create its own digital currency
After organization of a special study group in 2014, People's Bank of China has made tentative steps towards the introduction of its own prototype cryptocurrency.
Published on February 24, 2017
By Iris Barker
Economics
British retail sales recover in February yet retailers are still uneasy
Retail sales in the UK partially recovered in February after a sharp drop in January. However, companies in this sector are pessimistic about their prospects, since last year's vote for…
Published on February 24, 2017
By Iris Barker
Science & Technology
Visa opens center of innovative technologies in London
Visa company opened the largest center of innovation in London. The facility will be used to develop new methods of payments in cooperation with partners and customers from all over…
Published on February 23, 2017
By Iris Barker
Economics
Berlin and Beijing set out to defend free trade principles
China has become the largest trade partner of Germany for the first time in history. At the end of 2016 the Asian country unseated the US from the first space.…
Published on February 23, 2017
By Iris Barker
World & Politics
Australia is the most popular destination for billionaires
Australia is the world’s most popular country for millionaires. The country lures them with its developed health care system, high level of security and close proximity to emerging markets of…
Published on February 22, 2017
By Iris Barker
Economics
Will forecasts of French economic collapse come true?
National Front’s programme calls to leave the Eurozone and abandon the euro, as well as to return to national currency, the French franc, pegged to the euro. At that, the…
Published on February 22, 2017
By Iris Barker
Business & Finance
Toshiba to sell its memory chips business for up to $ 9 billion
Toshiba plans to raise at least 1 trillion yen ($ 8.83 billion) from sale of its stake in the microchips business, Reuters reported, citing sources.
Published on February 21, 2017
By Iris Barker
Economics
Will Europe support RBS bailout terms?
British authorities’ plan to release Royal Bank of Scotland (RBS) from its obligation to sell more than 300 branches is at risk to meet tough opposition from the European Commission,…
Published on February 21, 2017
By Iris Barker
Economics
Central Bank of Norway fears embezzlement of reserve funds
Around 50% of the Norway National Welfare Fund’s capital will be spent over next 10 years, said Head of Norway’s Central Bank Øystein Olsen.
Published on February 20, 2017
By Iris Barker
World & Politics
China cuts off ties with North Korea
North Korea has just lost a major ally. On Saturday, China stopped all coal imports from North Korea.
Published on February 20, 2017
By Iris Barker
Economics
TransCanada paves a new route
Energy company TransCanada has got a second chance and is asking to approve the pipeline’s route. The company is hinting that new US president, Donald Trump, wanted to get the…
Published on February 17, 2017
By Iris Barker
Business & Finance
2 reasons to stay away from Snap’s IPO
Snap’s IPO looks as exciting as a new iPhone. However, investors should be careful and look closely to assessments, the business model and structure of the company.
Published on February 16, 2017
By Iris Barker
Economics
Iran doubles oil imports to South Korea
South Korea doubled its imports of Iranian oil in January this year compared to the same period in 2016, when Iran went back into the international oil market and began…
Published on February 16, 2017
By Iris Barker
Business & Finance
Commercial real estate investment in Europe peaked in 2016
In the fourth quarter of 2016, CBRE’s analysts noticed record high quarterly rate of investment in commercial real estate in Europe. The figure amounted to € 86.8 billion, which is…
Published on February 15, 2017
By Iris Barker
