
Iris Barker
Business & Finance
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
Business & Finance
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
Economics
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
Management
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
World & Politics
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 asโฆ
Published on December 29, 2016
By Iris Barker
Science & Technology
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 mostโฆ
Published on December 28, 2016
By Iris Barker
Business & Finance
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 broughtโฆ
Published on December 28, 2016
By Iris Barker
Economics
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
Economics
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
Economics
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 contractsโฆ
Published on December 26, 2016
By Iris Barker
Economics
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
Economics
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
Business & Finance
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 hasโฆ
Published on December 23, 2016
By Iris Barker
Business & Finance
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 theโฆ
Published on December 22, 2016
By Iris Barker
Science & Technology
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 individualโฆ
Published on December 22, 2016
By Iris Barker
Business & Finance
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
Business & Finance
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 forโฆ
Published on December 20, 2016
By Iris Barker
Business & Finance
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 highโฆ
Published on December 20, 2016
By Iris Barker
Business & Finance
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 Statesโฆ
Published on December 19, 2016
By Iris Barker
World & Politics
Christmas bonus for low-income pensioners endangers Tsipras’ credibility
Greeceโs 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 pensionersโฆ
Published on December 19, 2016
By Iris Barker
Business & Finance
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 hasโฆ
Published on December 16, 2016
By Iris Barker
Economics
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 Americaโฆ
Published on December 16, 2016
By Iris Barker
World & Politics
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
Economics
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 singleโฆ
Published on December 14, 2016
By Iris Barker
Business & Finance
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,โฆ
Published on December 14, 2016
By Iris Barker
World & Politics
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 teamโฆ
Published on December 13, 2016
By Iris Barker
Business & Finance
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, citingโฆ
Published on December 13, 2016
By Iris Barker
Business & Finance
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,โฆ
Published on December 12, 2016
By Iris Barker
Business & Finance
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 countryโsโฆ
Published on December 12, 2016
By Iris Barker
Management
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 Officerโฆ
Published on December 9, 2016
By Iris Barker
Business & Finance
Bloomberg: Apple is the greatest taxdodger in the US
Apple topped Bloombergโs 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 USโฆ
Published on December 9, 2016
By Iris Barker
Business & Finance
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 reputationโฆ
Published on December 8, 2016
By Iris Barker
Economics
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
Economics
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 Iwataโฆ
Published on December 7, 2016
By Iris Barker
Economics
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 โฌ 485.5 million ($ 521 million) for manipulations with the European Interbank Offeredโฆ
Published on December 7, 2016
By Iris Barker
Economics
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 aโฆ
Published on December 5, 2016
By Iris Barker
World & Politics
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 allโฆ
Published on December 5, 2016
By Iris Barker
Business & Finance
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 hasโฆ
Published on December 2, 2016
By Iris Barker
Economics
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
Business & Finance
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.โฆ
Published on December 1, 2016
By Iris Barker
Science & Technology
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
Business & Finance
Lufthansa pilots’ strike costs approximately โฌ 15 million per day
Lufthansa pilots' strike cost the company approximately โฌ 15 million per day, reported Bild. Thus, the current strike, which began last week, has already caused โฌ 75 million - damageโฆ
Published on November 30, 2016
By Iris Barker
World & Politics
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, whenโฆ
Published on November 29, 2016
By Iris Barker
Business & Finance
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 thatโฆ
Published on November 29, 2016
By Iris Barker
Economics
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
World & Politics
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
Economics
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. Inโฆ
Published on November 25, 2016
By Iris Barker
Business & Finance
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 byโฆ
Published on November 25, 2016
By Iris Barker
Business & Finance
Buzzfeed’s market cap is at a standstill
BCUniversal (NBCU) has invested another $ 200 million to BuzzFeed, as follows from the Internet projectโs message. BuzzFeed as a whole was valued at $ 1.7 billion, told several sourcesโฆ
Published on November 24, 2016
By Iris Barker
Business & Finance
France demands that Apple pay โฌ 400 million in taxes
The French tax administration demanded that French division of Apple return โฌ 400 million to the state budget, writes L'Express magazine, citing informed sources.
Published on November 24, 2016
By Iris Barker