Iris Barker
Business & Finance
Twitter gets ‘Magic Pony’
Twitter has acquired Magic Pony Technology, a British start-up company specializing in machine learning technologies.
Published on June 21, 2016
By Iris Barker
Business & Finance
PwC: Three scenarios for central banks in 2020
Central banks are trying to keep up with the times, being dictated by complexity of activities at the rapidly developing market of financial services. To do this, the financial institutions…
Published on June 20, 2016
By Iris Barker
Economics
Consumption of gasoline in the United States will fall by 20% thanks to electric cars
Over the next 20 years, demand for gasoline in the US will decrease by 20% if electric cars account for 35% of the road transport market by 2035, reports consulting…
Published on June 20, 2016
By Iris Barker
Business & Finance
Cheap oil is boosting sales of SUVs
Due to the fall in oil prices and, consequently, of gasoline around the world, sales of SUVs, light trucks and other vehicles that consume a lot of fuel are growing.…
Published on June 16, 2016
By Iris Barker
Economics
Kenya to launch the world’s first tea futures
INTL FCStone Inc. company, headquartered in New York, held talks about launch of tea derivatives with representatives of the tea industry in Kenya, said senior vice president of INTL FCStone…
Published on June 16, 2016
By Iris Barker
Business & Finance
Twitter invested $ 70 million in “YouTube for music”
Twitter has acquired a stake in music service SoundCloud. This was announced by Recode, citing sources familiar with details of the transaction.
Published on June 15, 2016
By Iris Barker
Management
GE changes the personnel management system
General Electric is reviewing its approach to evaluation and remuneration of staff. For decades, GE had defined an ideal employee as one who fights product defects and does not admit…
Published on June 15, 2016
By Iris Barker
Economics
60 thousand people are laid off in Angola thanks to oil prices
The fall in oil prices has led to the fact that almost 60 thousand people have lost their jobs in Angola.
Published on June 14, 2016
By Iris Barker
Science & Technology
What you can do with the new MacOS
Apple announced preliminary version of a new desktop operating system, formerly known as MacOS X. Now, it’s going to be MacOS Sierra. The new Mac features Siri, which allows you…
Published on June 14, 2016
By Iris Barker
Business & Finance
Symantec to buy Blue Coat for $ 4.65 billion
Symantec, Blue Coat companies agreed to merge, which would cost $ 4.65 billion to the developer of software for personal computers. Once the deal is done, Symantec will get not…
Published on June 13, 2016
By Iris Barker
World & Politics
Trump is against migrants; meanwhile, there’s no hands to gather crops in the US
Donald Trump’s popularity has led to the fact that the country’s fields are wasting large part of the crop. Given the attitude of the US presidential candidate to migrants, conducting…
Published on June 13, 2016
By Iris Barker
World & Politics
Bulgaria and Slovakia signed an agreement on Eastring gas pipeline
According to Bulgarian Novinite agency, representatives of Bulgarian company Bulgartransgaz and Eustream (a Slovak gas transmission system operator) signed an agreement to build a gas pipeline Eastring.
Published on June 10, 2016
By Iris Barker
Economics
How actions of the Chinese authorities are restraining the capital outflow
The outflow of capital from China slowed in May, despite the weakening renminbi, reports the Washington-based Institute of International Finance. After two months of growth, China's reserves in May again…
Published on June 10, 2016
By Iris Barker
Economics
Why Saudi Aramco’s IPO will result in a problem for the oil market
Saudi Aramco state oil company's IPO can turn into extremely unpleasant consequences for the oil industry in the long term.
Published on June 9, 2016
By Iris Barker
Business & Finance
UEFA Euro 2016: Adidas vs Nike
UEFA Euro 2016 starts tomorrow in France. Traditionally, the championship will also become a battleground for two largest sports brands - Nike and Adidas. Strategies of the both competitors involve…
Published on June 9, 2016
By Iris Barker
Business & Finance
Yahoo is selling patents for $ 1 billion
Yahoo Inc. put up for sale a portfolio of about 3 thousand patents, including a patent for the original search technology Yahoo. The company expects to get over $ 1…
Published on June 8, 2016
By Iris Barker
World & Politics
Not only Britain is sceptical about the EU
In anticipation of the national referendum on Berxit, Pew Research Center has conducted a study on the attitude of European citizens towards the EU. As it turned out, not only…
Published on June 8, 2016
By Iris Barker
Economics
Why China has to cover up the unemployment rate
When it comes to inaccurate statistics, all at once recall China’s fabricated data on exports and imports, intended to hide the flight of capital, as well as "successful" GDP data.
Published on June 7, 2016
By Iris Barker
Science & Technology
Samsung to introduce smartphones with bendable screen in early 2017
Samsung may introduce two models of smartphones with bendable screen in early 2017. According to Bloomberg, this way the Korean company could lure some part of customers away from Apple.
Published on June 7, 2016
By Iris Barker
World & Politics
Scotland introduced a moratorium on the fracking technology
The Scottish Parliament has voted for a moratorium on the use of the fracking technology.
Published on June 6, 2016
By Iris Barker
Economics
What banks will do if Brexit gets real
Results of the British referendum on membership in the EU fluster not only politicians, but also the world's largest banks, for which London is the second (in some cases even…
Published on June 6, 2016
By Iris Barker
Business & Finance
JPMorgan: 4 drivers for the market chaos in 2016
Almost everyone has accustomed to the fact that the situation in the world economy is far from stable. Economists, analysts and officials are preparing the world for a crisis, yet…
Published on June 2, 2016
By Iris Barker
World & Politics
Bank of England introduced the UK’s first plastic banknote
The Bank of England on Thursday showed samples of the first plastic banknotes. Reverse side of the new five pounds-banknote depicts former Prime Minister Winston Churchill.
Published on June 2, 2016
By Iris Barker
Management
Forbes: Theranos CEO is not a billionaire
In 2014, founder of Theranos Elizabeth Holmes persuaded investors that her business is worth $ 9 billion. After a series of reputation scandals, this amount dropped to $ 800 million.…
Published on June 1, 2016
By Iris Barker
Business & Finance
Why salaries of oil companies’ executives affect the entire oil industry
Heads of oil companies have traditionally been considered one of the highest paid managers in the world. And, as it turned out, their remuneration’s model is so wrong that it…
Published on June 1, 2016
By Iris Barker
World & Politics
US State Department: Europe is dangerous this summer
The US State Department warned Americans traveling to Europe this summer about a threat of terrorist attacks. The report put a particular attention to UEFA Euro 2016 in France, and…
Published on May 31, 2016
By Iris Barker
Economics
The European Commission takes Uber and Airbnb’s side
The European Commission calls to stop prohibiting or limiting activities of mobile services like Uber and Airbnb. Instead, the Commission proposed to introduce uniform rules governing companies, representing the co-consumption…
Published on May 31, 2016
By Iris Barker
World & Politics
Malta lures investors with the new residence permit program
The Government of Malta launched a program granting a residence permit in exchange for investments. In contrast to all similar programs operating in other countries, the program does not imply…
Published on May 30, 2016
By Iris Barker
Economics
Britain’s oil taxes are sinking in the North Sea
Net income from UK tax on oil and gas companies operating in the North Sea was negative for the first time since 1968, according to a report published by London…
Published on May 30, 2016
By Iris Barker
Business & Finance
The biggest models agencies in the UK are accused of price collusion
British Competition and Markets Authority accused five major models agencies, including those who worked with Kate Moss and Linda Evangelista, of price-fixing.
Published on May 27, 2016
By Iris Barker
Business & Finance
Myer and Ebay launched a VR store
E-commerce is one of the areas where virtual reality will open a new level of user interaction, and digital content. Practical examples of specific projects will not be long in…
Published on May 27, 2016
By Iris Barker
World & Politics
Some of US key structures still use floppy disks
US Chamber of Accounts has published a report, according to which the US government has a tendency to allocate less budgetary funds for modernization and development. As a result, many…
Published on May 26, 2016
By Iris Barker
Business & Finance
Chinese investor wants to buy developer of Clash of Clans
The success of Finnish Supercell, responsible for development of such well-known mobile games as Clash of Clans and Clash Royale, is haunted by investors worldwide. Now, Chinese Tencent wants to…
Published on May 26, 2016
By Iris Barker
Science & Technology
Chinese Xiaomi released its first drone
On Wednesday, May 25, Xiaomi company formally introduced an UAV with video recording in 4K format. Price of the device is $ 460. Earlier it was expected that Xiaomi drone…
Published on May 25, 2016
By Iris Barker
Business & Finance
Investment in tech innovation and a personal apologise: Volkswagen attemps to wash ‘Dieselgate’ away
Volkswagen has more than doubled funding Gett, investing $ 300 million in the company. According to Business Insider, VW intends thereby to go beyond the "Dieselgate" and to focus on…
Published on May 25, 2016
By Iris Barker
Business & Finance
Swift developed a plan to combat cybercrime
SWIFT interbank payments system is planning to launch a new safety program after a series of thefts in the system. The new plan to combat cyber threats was presented by…
Published on May 24, 2016
By Iris Barker
Business & Finance
Bombardier: business jet market will rise by 2025
Today, one of the leaders of the world business aviation market, Canadian Bombardier, has released a ten-year forecast. The document says that up to 2025, the market will require more…
Published on May 24, 2016
By Iris Barker
Business & Finance
French insurer Axa publicly refused its tobacco assets
One of the world's largest insurance companies - French Axa - announced its intention to sell all of its shares and bonds of tobacco companies totaling € 1.7 billion, thus…
Published on May 23, 2016
By Iris Barker
Economics
The EU economy is steady in the West, and rapid in the East
Eurostat has summed up the first quarter of 2016. EU’s GDP grew by 1.7 percent as a whole, while some countries experience a glut, and others are on the brink…
Published on May 20, 2016
By Iris Barker
Economics
PwC: Internet will bring 500 million people out of poverty
With an ability to access the internet from anywhere in the world, 7% of the world population (500 million people) can overcome poverty, and global GDP will increase by $…
Published on May 19, 2016
By Iris Barker
Science & Technology
Superbugs may take $100 trillion from the global economy
Drug-resistant infections, also known as superbugs, may be taking 10 million lives a year by 2050. Due to this, the global economy will shrink by $ 100 trillion in the…
Published on May 19, 2016
By Iris Barker
World & Politics
EU set aside sanctions against Spain and Portugal
Spain and Portugal have received a reprieve from Brussels, despite the violation of EU fiscal rules. The European Commission has postponed a decision on the introduction of the first in…
Published on May 18, 2016
By Iris Barker
Business & Finance
Chinese corporations are buying up niobium producers
Chinese group China Molybdenum bought a niobium producing business of one of the oldest mining firm Anglo American. Analysts believe the demand for niobium is associated with the metal’s exceptional…
Published on May 18, 2016
By Iris Barker
World & Politics
Saudi Arabia holds 20% of its reserves in American bonds
Yesterday, the US Treasury Department uncovered data on volumes of Saudi investments in US Treasury bonds at the request of journalists. These data have been closed since mid-1970 - after…
Published on May 17, 2016
By Iris Barker
Business & Finance
Twitter wants users to publish more media content
Twitter plans to exclude links and photos from the limit of 140 characters. The innovation could be announced in the coming weeks. This decision should encourage users to publish more…
Published on May 17, 2016
By Iris Barker
Management
Asian airlines created the largest low-cost alliance
Eight Asian budget airlines have created the world's largest low-cost airlines alliance. Malaysian AirAsia, Jetstar and Australian Indian IndiGo have not yet enrolled in the union.
Published on May 16, 2016
By Iris Barker
Business & Finance
Nokia’s fail story: the mobile brand buried by Microsoft
Microsoft may terminate release of Nokia phones and sell the brand to the Taiwanese company Foxconn. This reported Phonearena citing a source familiar with the situation. The possible transaction’s amount…
Published on May 16, 2016
By Iris Barker
Business & Finance
London is a snug place for super rich
London hosts more billionaires than any other city in the world, says a new study of Wealth Insight.
Published on May 13, 2016
By Iris Barker
Economics
US retail sales are better than forecast
In April 2016, retail sales in the US increased by 1.3% compared with the previous month, according to the Ministry of Commerce data. The growth rate was the highest since…
Published on May 13, 2016
By Iris Barker
Business & Finance
Swatch to introduce its ‘smart’ model to the European market
Swatch Company entered into a cooperation agreement with the payment system Visa Europe and Swiss Corner Bank. Within the new project, Swatch Bellamy smart watch will be equipped with the…
Published on May 12, 2016
By Iris Barker
