Iris Barker
Science & Technology
Hitachi to invest $ 2.8 billion in the Internet of Things
Internet of things (IoT) segment continues to develop. IT-market players are entering the turf battle by investing in this area. and Japanese Hitachi does not want to miss the opportunity,…
Published on May 12, 2016
By Iris Barker
Economics
Scared by Trump, Wall Street bankrolls Clinton
On the eve of the final battle with Donald Trump, former US Secretary of State Hillary Clinton receives from Wall Street donors more transfers than all other candidates combined.
Published on May 11, 2016
By Iris Barker
Business & Finance
Zynga’s office is more expensive than the company’s whole business
After a long series of setbacks that have plagued the American developer of browser games Zynga, the company's value may be less than its own headquarters in San Francisco.
Published on May 11, 2016
By Iris Barker
World & Politics
Environmental problems make the Thai government close gold mines
Thailand will close the country's largest gold mine Chatree by the end of 2016. The announced reason is the damage to the environment and health of workers – it outweighs…
Published on May 10, 2016
By Iris Barker
Business & Finance
Big oil companies gave up the US licenses on drilling in the Arctic
Major oil companies, including Royal Dutch Shell, ConocoPhillips and Statoil, refused the US government’s licenses to drill exploratory wells in the Arctic. Total cost of the denied permissions amounted to…
Published on May 10, 2016
By Iris Barker
Science & Technology
Luxembourg goes in open space
The Grand Duchy of Luxembourg has made the first step on the way to space exploration, embodied in a cooperation agreement with Californian technology company Deep Space Industries. Together with…
Published on May 9, 2016
By Iris Barker
Business & Finance
Large European banks are uptight about working with Iran
International sanctions on Iran began to take off, so many foreign companies are showing growing interest to work with Iran. Yet, some of Europe’s largest banks are still in no…
Published on May 9, 2016
By Iris Barker
Management
Is it possible to fully automatize the banking sector?
Movement Mortgage, established in 2008, wants will be issuing 10% of mortgage loans in the United States by 2025, according to the company’s website. In 2015, Movement Mortgage has issued…
Published on May 6, 2016
By Iris Barker
Business & Finance
Heyday of Tesla threatens the platinum market
Elon Musk’s plans for development of the automotive industry promise a swipe at another commodity market - the platinum market. Threat of oil is not very big, yet demand for…
Published on May 6, 2016
By Iris Barker
Science & Technology
Industry 4.0: the fourth industrial revolution
Three years ago, the Germans predicted fourth industrial revolution that promises to finally make the world of objects spin around you.
Published on May 6, 2016
By Iris Barker
World & Politics
EU creates a commission to develop new rules for UAV operation
European Aviation Safety Agency (EASA) is recruiting a group of experts to evaluate the risk of collision of unmanned aerial vehicles (UAVs) with manned aircraft. The decision was made after…
Published on May 5, 2016
By Iris Barker
Business & Finance
Goldman’s new role of retailer
Just recently, Goldman Sachs has been accused of ignoring, and sometimes a frankly scornful attitude to ordinary citizens. One of the world's largest investment banks was not eager to attract…
Published on May 5, 2016
By Iris Barker
World & Politics
Obama: the US, not China, should be a global trade leader
The US president urged Congress to push on with the approval of the Trans-Pacific Partnership Agreement.
Published on May 3, 2016
By Iris Barker
Economics
Top-10 European countries with highest living standards
There are many European countries known for their highest standard of living not only on the continent, but also worldwide.
Published on May 3, 2016
By Iris Barker
Business & Finance
Lockheed Martin and Boeing are ready to get US military armed
Even before President Obama announced the US military expansion in Syria, Pentagon's campaign against ISIS militant group in Iraq and Syria forced analysts to believe that resupply of ammunition would…
Published on May 2, 2016
By Iris Barker
Science & Technology
Large manufacturers spotted 3D-printers
There are more and more of large companies beginning to seriously study possibility of 3D-printing on an industrial scale. Despite today's high cost of new devices and their technological imperfection,…
Published on May 2, 2016
By Iris Barker
Business & Finance
Exxon’s profit fell by 63%, Chevron received a loss
The world's largest oil company Exxon Mobil Corp in I quarter of 2016 had the lowest profit since 1999. Chevron Corp., second in terms of capitalization and revenues US oil…
Published on April 29, 2016
By Iris Barker
Business & Finance
Lloyds profit fell by 44% after bonds redemption
British bank Lloyds Banking Group PLC reported a sharp drop in net profit in the I quarter of 2016 due to restructuring charges and redemption of bonds.
Published on April 28, 2016
By Iris Barker
World & Politics
New Berlin airport may never be opened
One of the designers of the new Berlin-Brandenburg airport named after Willy Brandt (BER) believes that the building may never be opened. It was originally planned that the airport will…
Published on April 28, 2016
By Iris Barker
World & Politics
The French version of Assange: Why Deltour was taken to court
Eighteen months before Mossack Fonseca’s leak of documents, consortium ICIJ published materials about the tax schemes in Luxembourg. The trial on the whistleblower, a former employee of PwC's, began on…
Published on April 27, 2016
By Iris Barker
Business & Finance
Google joined forces with Ford and Uber
Yesterday, Google, Ford, Volvo, Uber and Lyft announced creation of an alliance, which aims to promote self-driving cars in the USA. Within the union, these companies will cooperate with federal…
Published on April 27, 2016
By Iris Barker
Business & Finance
British BHS chain started bankruptcy proceedings
The UK's largest retail chain British Home Stores (BHS) will be transferred to management of consulting firm Duff & Phelps, which means the beginning of bankruptcy proceedings. This was announced…
Published on April 26, 2016
By Iris Barker
Science & Technology
Top-5 world’s most innovative cities
Cities are our future. The world's urban population exceeded the rural population in 2008, for the first time in the history.
Published on April 26, 2016
By Iris Barker
Business & Finance
Hackers, stole the Central Bank of Bangladesh’s money, exploited SWIFT
Hackers that stole $ 81 million from the Central Bank of Bangladesh are likely to have cracked the SWIFT system’s software, which is a basis of the global financial system’s…
Published on April 25, 2016
By Iris Barker
World & Politics
Cruz and Kasich team up against Trump
Applicants for Presidency from the Republican party Ted Cruz and John Kasich announced that they are entering into a coalition to prevent leader of the party race Donald Trump from…
Published on April 25, 2016
By Iris Barker
Science & Technology
Boeing Model 737 got improved after disasters
The American corporation Boeing intends to complete the family of single-aisle 737 Max with the new Boeing 737 Max 7X.
Published on April 22, 2016
By Iris Barker
Business & Finance
“Sun Giant” SunEdison announced bankruptcy
American SunEdison, one of the largest companies in the world in the field of alternative energy, filed for protection from creditors.
Published on April 22, 2016
By Iris Barker
Science & Technology
Cheap Chinese VR to flood the market
Virtual reality has reached the "world's factory": China is ready to conquer the market VR-devices. More than 100 companies from China have rushed to release budget VR-helmets and headsets. Soon,…
Published on April 21, 2016
By Iris Barker
Economics
The largest US pension fund is running out of money
The present national crisis can begin in the United States, if the situation continues to deteriorate. The idea is that one of the largest pension funds in the country intends…
Published on April 21, 2016
By Iris Barker
Economics
Intel to dismiss 12 thousand employees
US chip maker Intel announced a massive downsizing of its staff. The company intends to dismiss 12 thousand people worldwide, or approximately 11% of all employees of the IT-giant.
Published on April 20, 2016
By Iris Barker
World & Politics
The US go hunting for Panamanian tax fraudsters
American prosecutors decided to start their own investigation into the information contained in the so-called Panamanian files. The Ministry’s officials have appealed for help to reporters published these data to…
Published on April 20, 2016
By Iris Barker
Business & Finance
AB InBev ties up with SABMiller
The Japanese company Asahi agreed with Anheuser-Busch InBev (AB InBev) to acquire European beer brands Peroni, Grolsch and Meantime. The deal amounted to 2.55 billion euros ($ 2.9 billion).
Published on April 19, 2016
By Iris Barker
Economics
Prices of commercial real estate are rising in China
Rise in prices was noted in 62 of the 70 large and medium cities in China in March of this year. The jump has mostly been seen in new commercial…
Published on April 19, 2016
By Iris Barker
Economics
What do we need to know about the oil talks failed in Doha
April 17, Doha hosted ministerial meeting of 17 oil-producing countries on the freezing of oil production at the January level. The talks were attended by the OPEC countries (except Iran…
Published on April 18, 2016
By Iris Barker
Economics
Areas under the genetically modified plants decreased for the first time in 20 years
International Service for the Acquisition of Agri-biotech Applications (ISAAA), which holds the most authoritative study of biotech grains in the world, estimated that in 2015, the area under genetically modified…
Published on April 18, 2016
By Iris Barker
Economics
North Rhine-Westphalia authorities found suspicious bank accounts from 27 countries
The financial authorities of the German state of North Rhine-Westphalia reported that they have transmitted information on suspected Swiss bank accounts to the authorities of 27 European countries. These accounts…
Published on April 15, 2016
By Iris Barker
Economics
Are Brazilian banks strong enough to cope with crisis?
It looks quite sarcastic that the fastest runner in the world is promoting a bank in the fastest shrinking economy in the world. Nevertheless, the use of the well-known image…
Published on April 15, 2016
By Iris Barker
Economics
Chinese economy starts to feel better
In March, China's exports showed the most significant growth over the last year, by 11.5%, to $ 160.8 billion. Imports continued to decline, but the fall has slowed down. It…
Published on April 14, 2016
By Iris Barker
Business & Finance
Burberry’s shares went down
On Thursday, shares of British clothing and accessories manufacturer Burberry fell 7.5%, which the strongest decline since October last year. The reason for the drop is the company's financial report…
Published on April 14, 2016
By Iris Barker
Business & Finance
Music streaming services brought most of revenue in 2015
According to the annual report of the International Federation of the Phonographic Industry (IFPI), last year digital music sales have bypassed the physical (45% vs. 39%) for the first time…
Published on April 13, 2016
By Iris Barker
Science & Technology
Facebook presented a VR camera
Head of Facebook Mark Zuckerberg sees great potential in virtual reality. The world's largest social network owns Oculus startup, which produces helmets for VR-view content. Facebook also has taken care…
Published on April 13, 2016
By Iris Barker
Business & Finance
Goldman Sachs to pay $ 5.1 billion of penalties
US Goldman Sachs have come to an agreement with the Ministry of Justice of the United States. The bank will pay US authorities $ 5.1 billion within settlement of case…
Published on April 12, 2016
By Iris Barker
Economics
Ten risks for the US economy
Torsten Slok, chief economist for the International Markets in Deutsche Bank, aired the 10 major risks. He is hearing them from customers that consider these factors as hindrances to the…
Published on April 12, 2016
By Iris Barker
World & Politics
Saudi Arabia invests in Egypt
Late on Saturday, Egypt and Saudi Arabia signed an agreement to establish a joint investment fund with a registered capital of 60 billion Saudi riyals ($ 16 billion).
Published on April 11, 2016
By Iris Barker
Economics
Big Data: the young blood of statistical economics
The economic growth of the last 30 years was largely the result of advances in information technology. The computer and Internet revolution made possible controlling all stages of production and…
Published on April 11, 2016
By Iris Barker
Science & Technology
Airbus and Siemens to create an electric aircraft
Airbus Group and Siemens intend to work together to develop an electric aircraft technology, according to a joint press release.
Published on April 7, 2016
By Iris Barker
Economics
China is borrowing money to buy up foreign assets
After two weeks of struggle with other contenders, Chinese insurance company Anbang suddenly refused to buy the American hotel chain Starwood Hotels & Resorts Worldwide Inc. for $ 14 billion.
Published on April 7, 2016
By Iris Barker
World & Politics
Brexit’s Probability is 35-40%
Experts of IHS Global Insight estimate the probability of Brexit at the June referendum vote at 35-40%. The consequences of a possible exit from the EU for Britain, according to…
Published on April 6, 2016
By Iris Barker
Economics
Renewable Generation in OECD Increased by 16%
Oil, gas, and electricity generation increased in 34 OECD countries over 2015, according to the initial analysis of monthly IEA data. At that, power generation from wind and solar resources…
Published on April 6, 2016
By Iris Barker
Business & Finance
BP to Pay $ 20 Billion for the Oil Spill in the Gulf of Mexico
The federal court in New Orleans issued a final decision on the long-going litigation around the spill at BP’s oil platform in the Gulf of Mexico in 2010. With all…
Published on April 5, 2016
By Iris Barker
