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Iris Barker


HP Enterprise is selling its software development division

American technology company Hewlett Packard Enterprise wants to sell its software development division. According to sources, the company hopes to gain $ 8-10 billion. List of the potential buyers consistsโ€ฆ
Published on September 2, 2016
By Iris Barker

Qatar and Kuwait to spend $ 7 billion on American jet fighters

US is preparing to sell 64 Boeing jet fighters to Qatar and Kuwait for $ 7 billion, Reuters reported with reference to several informed sources. The main obstacle for sealingโ€ฆ
Published on September 2, 2016
By Iris Barker

Eight hundred of US companies may be advised to renew their board of directors

Googleโ€™s parent company Alphabet and Warren Buffettโ€™s Berkshire Hathaway may be the first among more than 800 US companies to renew their board of directors, taking into account new recommendationsโ€ฆ
Published on September 1, 2016
By Iris Barker

Apple is pressing hardware suppliers for discounts

Demand for iPhone is falling, so Apple is forced to take cost-cutting measures. The company asked its Asian partners โ€“ manufacturers of hardware - for discounts, according to Wall-Street Journal.โ€ฆ
Published on September 1, 2016
By Iris Barker

Amazon introduces Dash Button in Europe

Project Dash Buttons, introduced in April 2016, is now launched in Europe. The โ€˜magicโ€™ buttons will appear in three countries: the UK, Germany and Austria. Prior to this, the serviceโ€ฆ
Published on August 31, 2016
By Iris Barker

Alphabet to launch its own car sharing project

Google is going to launch its own car sharing project Waze on San Francisco roads in the autumn. The new service may well become a competitor for Uber, which, byโ€ฆ
Published on August 31, 2016
By Iris Barker

Credit Suisse: Singapore is losing export potential

Singapore is losing its export competitiveness to other Asian economies - Vietnam, the Philippines and China. This conclusion is contained in a report released by Swiss bank Credit Suisse.
Published on August 29, 2016
By Iris Barker

Germany: TTIP negotiations failed

Negotiations on The Transatlantic Trade and Investment Partnership (TTIP) between the US and the European Union have failed. This was told by the Minister of Economy of Germany, Sigmar Gabriel.
Published on August 29, 2016
By Iris Barker

Why Deutsche Post invested in electric cars

DHL goes electric in Germany. The delivery agent is going to re-equip its fleet of commercial vehicles with help of a startup based at a technical university.
Published on August 26, 2016
By Iris Barker

Volkswagen to settle argument with the US car dealers

Most diesel passenger cars made by Volkswagen cannot be upgraded to full compliance with environmental standards for US vehicles. However, some trucks can be adjusted to the standard, said theโ€ฆ
Published on August 26, 2016
By Iris Barker

France and Germany demand to disclose private conversations in messengers

France and Germany are demanding that European Commission adopts a law that would oblige messengers cooperate with secret services, and provide information about private correspondence of users. This, according toโ€ฆ
Published on August 25, 2016
By Iris Barker

Newspapers and books are more profitable than technologies

Even though high-tech is rapidly developing today, itโ€™s high time to invest in printed newspapers and books. Over the past five years, MSCI World Technology Information, currently unites quotes ofโ€ฆ
Published on August 25, 2016
By Iris Barker

Elon Musk and cousins to buy up 80% of SolarCity

Elon Musk and his cousins will buy 80% of issued SolarCity bonds worth $ 65 million and $ 17.5, respectively, of the total emission of $ 124 million, it followsโ€ฆ
Published on August 24, 2016
By Iris Barker

Asia surpassed North America in fintech investments

Asian fintech sector for the first time surpassed the North American in terms of attracting investment. Asian companies, of which 90% were Chinese, attracted nearly $ 10 billion during sevenโ€ฆ
Published on August 24, 2016
By Iris Barker

Mobileye and Delphi to create a uniform system for self-driving cars

Two major auto manufacturer Mobileye and Delphi have agreed to join forces to create a unified system of unmanned driving. The companies expect that all the automakers will be ableโ€ฆ
Published on August 23, 2016
By Iris Barker

Swiss watch exports continues to fall

Federation of the Swiss watch industry has recorded the thirteenth consecutive monthly decline in exports. In July, exports totaled 1.6 billion Swiss francs, which is 14.2% lower than a yearโ€ฆ
Published on August 23, 2016
By Iris Barker

German exports to Iran increased after lifting of sanctions

Germany increased its exports to Iran in the first half of 2016 by 15% compared to the same period last year. Total figure amounted to โ‚ฌ 1.13 billion, according toโ€ฆ
Published on August 22, 2016
By Iris Barker

Pfizer buys Medivation for $ 14 billion

American pharmaceutical company Pfizer Inc. is going to buy biotech company Medivation Inc., specializes in development of anti-cancer drugs, for $ 14 billion.
Published on August 22, 2016
By Iris Barker

M&A deals of US banks peaked heights of 2009

US regulators have introduced a set of rules to avoid collapse of systemically important credit institutions. However, smaller banks have to merge to cope with costs of meeting these requirements.
Published on August 19, 2016
By Iris Barker

What stops India from being an Olympic champion?

Former FIFA President Sepp Blatter once called India a "sleeping giant". The country takes 150th place in the ranking of the world teams, which is clearly not suitable for aโ€ฆ
Published on August 19, 2016
By Iris Barker

Top 5 best cities to live in 2016

Economistโ€™s Intelligence Unit has made a rating of best cities to live in. This is Global Liveability Ranking, which evaluates 140 cities around the world in five categories. Six citiesโ€ฆ
Published on August 18, 2016
By Iris Barker

VW will shorten work shifts of 10 000 employees

German automaker Volkswagen will shorten working time of 10 thousand employees at the company's plant in Wolfsburg, reports Reuters referring to a source close to the company.
Published on August 18, 2016
By Iris Barker

Rio 2016 sponsors scaled back their marketing activities

Promotional activity of large companies, which have traditionally been Olympic sponsors, is barely visible at the Olympic Games in Rio de Janeiro. There are no buses, painted in the colorsโ€ฆ
Published on August 17, 2016
By Iris Barker

Norway revs up oil production

Oil production in Norway in July 2016 increased to a record volume for the last five years, exceeding forecasts of experts, said the Norwegian Petroleum Directorate (NPD).
Published on August 16, 2016
By Iris Barker

European banks are going all cash

European banks and insurance companies are considering custody of money reserves in cash as more financially justifiable in terms of further rate cuts, writes Financial Times. If the worldโ€™s financialโ€ฆ
Published on August 16, 2016
By Iris Barker

Two mistakes of Apple’s CEO

Appleโ€™s CEO Tim Cook told about two biggest mistakes corporations during his work as the companyโ€™s in an interview with The Washington Post. According to him, the company should notโ€ฆ
Published on August 15, 2016
By Iris Barker

Airbus faces investigation in the US

According to experts, the European aerospace corporation Airbus could face investigation in the United States. Earlier, British authorities launched a similar investigation on suspicion of fraud, bribery and corruption. Theโ€ฆ
Published on August 15, 2016
By Iris Barker

Three major US indices set records for the first time since 1999

Major US stock indices S&P 500, Dow Jones and NASDAQ synchronously reached historic highs during trading on August 11. Last time this happened in 1999.
Published on August 12, 2016
By Iris Barker

Shanghai Disneyland received more than 1 million visitors in less than two months

More than 1 million people visited Shanghai Disneyland in less than two months of the parkโ€™s work.
Published on August 12, 2016
By Iris Barker

Mobile segment grows Alibaba’s income

Despite concerns about slowing economic growth in China, in June Alibaba company showed 18%-growth in the number of active buyers, compared with 434 million people in the previous year. Theโ€ฆ
Published on August 11, 2016
By Iris Barker

Americans owe $ 12.3 trillion

In the second quarter of the year, debt of the US population increased by $ 35 billion to $ 12.3 trillion. Such a growth was triggered by Fedโ€™s low interestโ€ฆ
Published on August 11, 2016
By Iris Barker

Wealth-X: most of the world’s billionaires are self-made

Combined wealth of the world's billionaires grew to nearly $ 7.7 trillion, as estimated by Wealth-X experts. Mostly, billionaires live in Europe, and their number is fastest-growing in Asia.
Published on August 10, 2016
By Iris Barker

The EU announced fiscal targets for Spain and Portugal

EU authorities have established new fiscal targets for Spain and Portugal after cancellation of penalties to these countries for the failure of budgetary obligations.
Published on August 10, 2016
By Iris Barker

US Marshals Service arranges a grandiose Bitcoin auction

US Marshals Service put on auction 2719 Bitcoins, confiscated in several criminal cases. The total value of items may exceed $ 1.6 million.
Published on August 9, 2016
By Iris Barker

Atlante Fund to buy out bad loans of Monte dei Paschi

Atlante fund, designed to rescue Italian banks, has attracted about 1.6 billion euro ($ 1.8 billion) to further purchase "bad" loan portfolio Banca Monte dei Paschi di Siena (BMPS), reportsโ€ฆ
Published on August 9, 2016
By Iris Barker

Trump comes up with a team of billionaires to advise him

Donald Trump introduced his team of advisors on the economy. The US presidential candidate will be advised by 13 men, whose average income is at least "hundreds of millions ofโ€ฆ
Published on August 8, 2016
By Iris Barker

Recession, corruption, Zika virus do not scare investors in Brazil

Brazil now is full of problems: the economy is in recession, high-ranking officials proved involved in the corruption scandal around Petrobras, President was barred from the office, Zika virus epidemicโ€ฆ
Published on August 8, 2016
By Iris Barker

Chinese hi-tech is chasing the US

In recent decades, the United States have admittedly been a global technology leader. Now, however, China is reducing the backlog in many industries - from drones and electric vehicles toโ€ฆ
Published on August 5, 2016
By Iris Barker

Export of Scotch whisky rebounded after Brexit

Manufacturers and sellers of Scotch whisky recorded growth of export sales. This was facilitated by depreciation of the pound against the background of the Brexit referendumโ€™s results and decision ofโ€ฆ
Published on August 5, 2016
By Iris Barker

Fannie Mae’s profit dropped thanks to low rates in the US

Mortgage agency Fannie Mae will transfer $ 2.9 billion in dividends to the US treasury in September 2016. Meanwhile, the agencyโ€™s revenue and profit in II quarter have declined, whichโ€ฆ
Published on August 4, 2016
By Iris Barker

Semi-annual loss of Tesla Motors grew by 70%

Net loss of Tesla Motors in January-June 2016 amounted to $ 575,455,000, which is approximately 70% higher than losses of the first half of 2015 ($ 338.4 million) according toโ€ฆ
Published on August 4, 2016
By Iris Barker

Europe is tightening security

London authorities have decided to intensify police patrols due to the increased threat of terrorist attacks in Europe. Germany is taking a similar move and introducing military patrols for theโ€ฆ
Published on August 3, 2016
By Iris Barker

Weeklong strike deprived Air France of โ‚ฌ 90 million

Strike of Air Franceโ€™s flight attendants, which lasted from July 27 to August 2, brought losses of โ‚ฌ 90 million to the airline. This was told by President and CEOโ€ฆ
Published on August 3, 2016
By Iris Barker

McDonald’s takes up healthy living

McDonalds has decided to get rid of artificial preservatives in meals such as Chicken McNuggets, sausages, omelets, as well as in breakfast sandwiches.
Published on August 2, 2016
By Iris Barker

US mobile communications market finished war for clients

The price war on the US mobile phone market stopped. After years of price reduction and shocking marketing offers, four of the countryโ€™s largest operator published results for the IIโ€ฆ
Published on August 2, 2016
By Iris Barker

London may discard a French-Chinese nuclear power plant

The British government, led by Prime Minister Theresa May, announced a decision to postpone approval of a project on construction of Hinkley Point C nuclear power plant until the autumn.
Published on August 1, 2016
By Iris Barker

AB InBev increased purchase price for SABMiller

Board of Directors of brewer SABMiller approved a purchase proposal with increased costs from Anheuser-Busch (AB) InBev. Thus, the main obstacle on the way to merger of the two brewingโ€ฆ
Published on August 1, 2016
By Iris Barker

Exxon Mobil reduced profits, Chevron at a loss

In the II quarter of 2016, the worldโ€™s and US largest oil company Exxon Mobil Corp. reduced net profit by 59% due to the continued low commodity prices and deterioratingโ€ฆ
Published on July 29, 2016
By Iris Barker

Why investors see zinc as a new precious metal

From the beginning of the year, price for zinc increased by more than 40%, becoming the fastest growing in the non-ferrous metal segment. The investors' interest is fueled by concernsโ€ฆ
Published on July 29, 2016
By Iris Barker

Merkel questioned her political future

German Chancellor Angela Merkel did not respond to journalists' questions about whether she will run again for the post, Deutsche Welle reported on Thursday, July 28th.
Published on July 28, 2016
By Iris Barker
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