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Iris Barker


Facebook is accused of illegal acquisition of Oculus VR

Media giant Zenimax, publishes computer games and owns Bethesda Studios, id Software, and Arkane Studios, accused Facebook in illegal acquisition of Oculus VR, creator of VR headset Oculus Rift.
Published on January 9, 2017
By Iris Barker

Trump thanks Ford and Fiat Chrysler for keeping jobs in U.S.

US President-elect Donald Trump thanked Ford Motor Company and Fiat Chrysler, which recently announced heavy investments in the US auto industry.
Published on January 9, 2017
By Iris Barker

Banks lend a helping hand to US shale-oil companies

The US shale-oil companies are planning to increase exploration and production in 2017 since recovered commodity prices prompted banks to increase lending for the first time since 2014.
Published on December 30, 2016
By Iris Barker

New head of Nestle is going to conquer the US market

According to experts, conquest of the American market will be one of the main challenges for Ulf Mark Schneider, new Head of Swiss company Nestlรฉ.
Published on December 29, 2016
By Iris Barker

New European hazard: Marine Le Pen

Marine Le Pen has been leading in polls during most of the year. In December, she ceded the ground a little, but still has a chance to be elected asโ€ฆ
Published on December 29, 2016
By Iris Barker

Technology development endangers a number of industries

Jump in technology always lead to global changes in the labor market. Some professions become obsolete, and industries radically change. Financial Times told about industries that will suffer the mostโ€ฆ
Published on December 28, 2016
By Iris Barker

Toshiba expects huge losses, investors are in panic

Japanese manufacturer Toshiba Electronics warned of several billion dollars of losses related to acquisition of American company Westinghouse Electric, which operates in the field of nuclear energy. This statement broughtโ€ฆ
Published on December 28, 2016
By Iris Barker

Winners of the energy industry in 2016

Oil prices have risen by almost half since the last year, and Russia and China keep rejoicing. However, other countries have much less reasons for celebration.
Published on December 27, 2016
By Iris Barker

China wants revenues from tourism to reach one trillion dollars

China seeks to convert tourism into a major driving force for economic transformation and upgrading.
Published on December 27, 2016
By Iris Barker

SEC expands its Whistleblower Program

The Securities and Exchange Commission (SEC) of the USA has tightened the grip on companies that are trying to restrict activities of informants. New rules imply ban of labor contractsโ€ฆ
Published on December 26, 2016
By Iris Barker

Top 10 countries with the most competitive economies

SolAbility, a research Institute located in Switzerland and South Korea, has published its report Global Sustainable Competitiveness Index, which compares countries by development and sustainability of their economies.
Published on December 26, 2016
By Iris Barker

Will basic income experiment in Finland work out?

Social Security Administration of Finland announced an experiment on unconditional basic income starting from January 1, 2017.
Published on December 23, 2016
By Iris Barker

Analysts do not believe in Twitter’s future

The past year was extremely unfortunate for Twitter. All events happened with the company were enough for analysts to feel that the micro blogging resource "has had it." Twitter hasโ€ฆ
Published on December 23, 2016
By Iris Barker

Nokia sues Apple over patent infringement

Finnish company Nokia has filed several petitions against American Apple to the European and US courts for patent infringement. For several years, the company has been trying to resolve theโ€ฆ
Published on December 22, 2016
By Iris Barker

Major cyber threats in 2017

Japanese company Trend Micro analyzed actions of hackers in 2016 and used the conclusions to draw up a list of major cyber threats for 2017. The researchers predict only individualโ€ฆ
Published on December 22, 2016
By Iris Barker

Not-so-happy ending of Uber’s fairytale in China

Chinese pioneers in the field of digital technology aspire to grip the title of world champions, and competition plays into their hands.
Published on December 21, 2016
By Iris Barker

Euronext is interested in LSE’s clearing business

European exchange operator Euronext confirmed rumors on exclusive negotiations with London Stock Exchange (LSE) to buy French business of clearing house LCH. The deal could help regulators get approval forโ€ฆ
Published on December 20, 2016
By Iris Barker

Uber’s quarterly loss exceeded $ 800 million

In III quarter of 2016, Uber taxi service recorded an adjusted loss of more than $ 800 million due to price wars with Lyft in the United States and highโ€ฆ
Published on December 20, 2016
By Iris Barker

US still has a chance to hold Saudi Aramco’s IPO

Minister of Foreign Affairs of Saudi Arabia Adel Al-Jubeir says Saudi Arabia may still decide to sell shares of oil giant Aramco in New York, even after the United Statesโ€ฆ
Published on December 19, 2016
By Iris Barker

Christmas bonus for low-income pensioners endangers Tsipras’ credibility

Greeceโ€™s lenders from Europe have suspended implementation of short-term measures to write off the country's debt. They are indignant at decision of the Greek authorities to grant 1.6 million pensionersโ€ฆ
Published on December 19, 2016
By Iris Barker

Shares of Deutsche Bank go up sharply

Deutsche Bank has shown a significant increase in securities after a prolonged crisis, Bloomberg writes. It amounted to 57% over the last three months of 2016, while the trend hasโ€ฆ
Published on December 16, 2016
By Iris Barker

S&P warned about vulnerability of Asian and Latin American companies

Analysts are observing significant increase in bond yields around the world, similar to that happened during the global financial crisis. This trend is making companies in Asia and Latin Americaโ€ฆ
Published on December 16, 2016
By Iris Barker

Are migrants a solution for population problems in Germany?

Germany is trying to cope with the influx of migrants. However, the vanguard of discontented is seemingly overlooking one simple thing: migrants give the country what it needs, namely, children.
Published on December 15, 2016
By Iris Barker

Why Europe should preserve free movement of labour

British Prime Minister Theresa May leaves no hope to achieve the most favorable conditions for "divorce" with the European Union. London would like to simultaneously maintain access to the singleโ€ฆ
Published on December 14, 2016
By Iris Barker

Can socially responsible investing be profitable?

Increasingly more investors begin to care not only about their own profit, but also about benefits to society. They are willing to invest and subsequently maintaining concepts they consider valuable,โ€ฆ
Published on December 14, 2016
By Iris Barker

CEO of Exxon Mobil to be appointed US Secretary of State

Rex Tillerson, Chairman of the Board and CEO of oil company ExxonMobil will be appointed New US Secretary of State. This is stated in a written statement released by teamโ€ฆ
Published on December 13, 2016
By Iris Barker

Apple may invest $ 1 billion in SoftBank

Apple is considering a possibility to invest up to $ 1 billion in SoftBank Vision Fund, belongs to Japanese telecommunications company SoftBank, as reported by The Wall Street Journal, citingโ€ฆ
Published on December 13, 2016
By Iris Barker

Heads of tech giants to meet with Trump

Directors of Alphabet, Apple, Microsoft, Facebook, Intel, Cisco, IBM and Oracle have been invited to a meeting with Donald Trump in the Trump Tower in New York City on Wednesday,โ€ฆ
Published on December 12, 2016
By Iris Barker

Monte dei Paschi tries to escape nationalization

Italy is ready to inject funds into Monte dei Paschi di Siena, if the problem bank fails to obtain the necessary capital from investors, said a source in the countryโ€™sโ€ฆ
Published on December 12, 2016
By Iris Barker

James Quincey to become new CEO of Coca-Cola

Chief Executive Officer of Coca-Cola Muhtar Kent resigns on May 1, 2017. He it will be replaced by James Quincey, who currently occupies position of President and Chief Operating Officerโ€ฆ
Published on December 9, 2016
By Iris Barker

Bloomberg: Apple is the greatest taxdodger in the US

Apple topped Bloombergโ€™s ranking of the largest US corporations that manage to optimize payment of taxes in the United States with the maximum yield. The scheme involves purchase of USโ€ฆ
Published on December 9, 2016
By Iris Barker

Glencore’s unexpected investment in Rosneft proves the Swiss giant feels good

Just a year ago, Ivan Glasenberg, Head of Glencore Plc, tried to save his company from the "bears". Now, we see his triumphant return. He once again confirms his reputationโ€ฆ
Published on December 8, 2016
By Iris Barker

Mexico earned $ 2.65 billion on oil hedging programme

Government of Mexico has received $ 2.65 billion of income from oil price hedging, done earlier to protect the budget from falling commodity prices, the country's Ministry of Finance reported.
Published on December 8, 2016
By Iris Barker

Bank of Japan will not refuse QE

Bank of Japan did not shift the focus from expansion of the monetary base on the way to achieving inflation target, Deputy Governor of the Bank of Japan Kikuo Iwataโ€ฆ
Published on December 7, 2016
By Iris Barker

European Commission fined three banks nearly half a billion euros

JPMorgan Chase & Co., HSBC Holdings Plc and Credit Agricole SA have been fined a total of โ‚ฌ 485.5 million ($ 521 million) for manipulations with the European Interbank Offeredโ€ฆ
Published on December 7, 2016
By Iris Barker

Italian referendum challenges streght of the euro

Citi expects devaluation of the euro against the dollar by 7.5%. to the level of 0.98 euro to the dollar, in the next 6-12 months, the bank said in aโ€ฆ
Published on December 5, 2016
By Iris Barker

Paris, Mexico City, Madrid and Athens to ban diesel cars

Four major cities of the world offer to refuse diesel cars and connect to eco cars by 2025. In 10 years, Paris, Mexico City, Madrid and Athens will ban allโ€ฆ
Published on December 5, 2016
By Iris Barker

1MDB case: British banks caught on money laundering

Monetary Authority of Singapore (MAS) has imposed multimillion fines on Singapore branch of Standard Chartered Bank and Coutts & Co for violating rules to combat money laundering. The charge hasโ€ฆ
Published on December 2, 2016
By Iris Barker

Level of unemployment in the US confirms expectations of Fed’s rate hike

178,000 jobs were created in the US economy in November. The unemployment rate fell from 4.9% in October to 4.6% in November. This is the lowest figure since August 2007.
Published on December 2, 2016
By Iris Barker

Nokia wants to reconquer the market

Return of Nokia smartphones brand is expected in 2017. The first announcement could take place at MWC 2017exhibition, which will be held in Barcelona from 27 February to 2 March.โ€ฆ
Published on December 1, 2016
By Iris Barker

Nestle to halve amount of sugar in chocolate

The world's largest food manufacturer Nestle announced a scientific breakthrough. The discovery will help dramatically reduce level of sugar in chocolate.
Published on December 1, 2016
By Iris Barker

Lufthansa pilots’ strike costs approximately โ‚ฌ 15 million per day

Lufthansa pilots' strike cost the company approximately โ‚ฌ 15 million per day, reported Bild. Thus, the current strike, which began last week, has already caused โ‚ฌ 75 million - damageโ€ฆ
Published on November 30, 2016
By Iris Barker

France and Britain may suffer electricity shortage this winter

France and Great Britain are two countries in Europe that are at most risk to suffer from a shortage of electricity during this winter, especially in December or January, whenโ€ฆ
Published on November 29, 2016
By Iris Barker

Chicago Stock Exchange denies rumors on Chinese government’s involvement in its acquisition

Chicago Stock Exchange revealed details of a deal with Chinese investors. The stock exchange will be acquired by a Chinese company, and earlier the market was boiling with rumors thatโ€ฆ
Published on November 29, 2016
By Iris Barker

Gas export from the United States exceeded imports for the first time in 60 years

Volume of US exports of natural gas exceeded its imports for the first time in nearly 60 years. This was reported by The Wall Street Journal.
Published on November 28, 2016
By Iris Barker

Italeave and three myths about the referendum in Italy

Upcoming constitutional referendum in Italy is deemed to become one of the most important political events in Europe in 2016.
Published on November 28, 2016
By Iris Barker

Brexit may take a decade and lead to decrease in the population’s real income

British investment bankers interviewed by Bloomberg believe that Brexit may take a decade, if we talk about the structural changes that are bound to occur in the British economy. Inโ€ฆ
Published on November 25, 2016
By Iris Barker

The world’s largest producer of tequila postponed IPO

Mexican company Jose Cuervo, the world's largest producer of tequila, postponed planned IPO of up to $ 1 billion because of uncertainty in the market. The stir was caused byโ€ฆ
Published on November 25, 2016
By Iris Barker

Buzzfeed’s market cap is at a standstill

BCUniversal (NBCU) has invested another $ 200 million to BuzzFeed, as follows from the Internet projectโ€™s message. BuzzFeed as a whole was valued at $ 1.7 billion, told several sourcesโ€ฆ
Published on November 24, 2016
By Iris Barker

France demands that Apple pay โ‚ฌ 400 million in taxes

The French tax administration demanded that French division of Apple return โ‚ฌ 400 million to the state budget, writes L'Express magazine, citing informed sources.
Published on November 24, 2016
By Iris Barker
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