Business news



Amazon outperforms Microsoft in market value

Amazon outperforms Microsoft in market value

Amazon for the first time ever surpassed IT-giant Microsoft in market value, taking the third place among the world's most valuable companies after Apple and Alphabet. Amazon's market capitalization rose to $702.5 billion, while Microsoft has a market cap of $699.2 billion. 


General Motors shuts its plant in South Korea
General Motors shuts its plant in South Korea

U.S. automaker General Motors will close the plant in South Korea by the end of May, the company reported. 

Amazon to cut “a few hundred” positions in Seattle
Amazon to cut “a few hundred” positions in Seattle

Amazon is laying off hundreds of employees at its Seattle headquarters and beyond, a decision that comes after online giant added almost 130,000...

Aldi is ranked the highest in supermarket satisfaction poll
Aldi is ranked the highest in supermarket satisfaction poll

Aldi has taken first position in Britain's top supermarkets list, pushing ex-champion Waitrose down to fourth line. Among downsides of the...

New York’s attorney general prevents sale of the Weinstein Company
New York’s attorney general prevents sale of the Weinstein Company

The lawsuit filed by New York's attorney general Eric T. Schneiderman against the the Weinstein Company as well as its founders - the brothers...

Qualcomm rejects Broadcom Ltd's $121 billion acquisition proposal
Qualcomm rejects Broadcom Ltd's $121 billion acquisition proposal

U.S. semiconductor company Qualcomm Inc rejected $121 billion acquisition proposal from competitor Broadcom. Broadcom offered $82 per share of its...

Tesla reports largest quarterly loss ever
Tesla reports largest quarterly loss ever

U.S.-based electric car maker Tesla Inc. announced its biggest ever quarterly loss. Company lost $675.4m in the three months ending 31...

Boeing and Embraer discuss potential tie up
Boeing and Embraer discuss potential tie up

Brazil-based Embraer and U.S. aerospace giant Boeing Co. remain in talks on a structure for a potential tie up. Boeing intends to take up to 90...

Patrick Soon-Shiong buys L.A. Times
Patrick Soon-Shiong buys L.A. Times

Billionaire investor Patrick Soon-Shiong will buy the Los Angeles Times and the San Diego Union-Tribune from Tronc Inc. The nearly $500-million...

Toyota raises profit and sales forecasts
Toyota raises profit and sales forecasts

Japan's largest automaker Toyota Motor Corp. lifted its full-year profit and sales forecast, noting in particular the high demand for some of...

Ryanair reports 12 percent increase in quarter three profit
Ryanair reports 12 percent increase in quarter three profit

Ireland-based Ryanair Holdings Plc, Europe's largest air carrier-discounter, reported an increase in profit of 12 percent in the three months...

Apple’s iPhone sales decrease but profits reach historical maximum
Apple’s iPhone sales decrease but profits reach historical maximum

Apple’s smartphone sales decreased in the three last months of 2017 compared to the same period of the preceding year, but bigger prices...

Airbus completes first test flight of self-piloted taxi
Airbus completes first test flight of self-piloted taxi

Airbus has completed a successful test flight of its unmanned air taxi Vahana, on January 31. The tests took place at the aerodrome in...

Waymo buys 'thousands' self-driving cars
Waymo buys 'thousands' self-driving cars

Fiat Chrysler will supply "several thousand" of its hybrid minivans Pacifica to Waymo. Fiat Chrysler has already delivered 700 Pacifica...

Blackstone Group plans to buy 55% stake in key Thomson Reuters unit
Blackstone Group plans to buy 55% stake in key Thomson Reuters unit

The news and digital information company Thomson Reuters confirmed on Tuesday that it is negotiating with a U.S. private equity firm Blackstone...

Tencent buys minority stake in Skydance Media
Tencent buys minority stake in Skydance Media

China-based internet giant Tencent Holdings has bought a stake of 5% to 10% in U.S. company Skydance Media, is best known for blockbusters...

CBS and Viacom inch toward merger
CBS and Viacom inch toward merger

CBS Corp. CEO Leslie Moonves and Viacom CEO Bob Bakish in December last year have discussed potential merger. 

EU fines Qualcomm €997m
EU fines Qualcomm €997m

The EU's Competition Commission fined U.S.-based chipmaker Qualcomm €997m for restricting competition in the market. 

Projects getting investment through ICOs are attacked 100 times each month
Projects getting investment through ICOs are attacked 100 times each month

Projects attracting investment by means of ICOs experience near 100 cyberattacks each month, as today’s report shows, pointing to the risks...

Walt Disney to give $1,000 bonuses to 125,000 employees due to tax reform
Walt Disney to give $1,000 bonuses to 125,000 employees due to tax reform

Walt Disney will give $1,000 bonuses to 125,000 employees and will also spend $50 million to create a new employee education payment program. The...

Carrefour to сut 2,400 jobs
Carrefour to сut 2,400 jobs

The largest French retailer - Carrefour SA - plans to dismiss 2,400 employees of the head office in France and invest 2.8 billion euros in online...

Amazon opens first supermarket without checkouts
Amazon opens first supermarket without checkouts

Amazon's first supermarket without checkouts will be opened on Monday in Seattle. In a supermarket called Amazon Go, all the customers put the...

Facebook to open three digital centers in EU
Facebook to open three digital centers in EU

Facebook will open three new centers in Europe, in which people will be able to learn and use various information technologies, Sheryl Sandberg,...

Sanofi buys Bioverativ for $11.6 billion
Sanofi buys Bioverativ for $11.6 billion

French pharmaceutical company Sanofi SA will buy out all outstanding shares of U.S.-based Bioverativ Inc. for $11.6 billion. The deal is expected...

Nestle sells its U.S. confectionery business to Ferrero for $2.8bn
Nestle sells its U.S. confectionery business to Ferrero for $2.8bn

The Swiss food company Nestle sold its U.S. confectionery business to the Italian company Ferrero for $2.8 billion. 

Citigroup discloses gender pay data
Citigroup discloses gender pay data

Citigroup Inc. became the first of the largest U.S. banks which have disclosed information about the differences in salaries between men and...

Ford to invest $11 billion in electric cars by 2022
Ford to invest $11 billion in electric cars by 2022

Ford Motor Co. will invest $ 11 billion in the development of electric vehicles in the period until 2022 and already in 2020 intends to present a...

Renault sales hit record level in 2017 - almost 3.8 million cars
Renault sales hit record level in 2017 - almost 3.8 million cars

In 2017, Renault sales rose to a record level, and the rate of increase in its sales surpassed the growth of the global automotive market. The...

Airbus beats Boeing in orders for fifth straight year
Airbus beats Boeing in orders for fifth straight year

The European planemaker Airbus in 2018 has increased the advantage over its U.S. competitor Boeing Co. by volume of orders. Net orders after...

Disasters of 2017 will force insurance companies to pay out unprecedented $135 bln
Disasters of 2017 will force insurance companies to pay out unprecedented $135 bln

Claims for the past year events will force insurers to pay out an unprecedented $135 bln, after a series of storms, earthquakes and fires in the...

Apple makes apologies over slowed iPhones issue
Apple makes apologies over slowed iPhones issue

Apple acknowledged it slowed some iPhone models through flagging batteries, and now the company can expect lawsuits and get a storm of criticism...

SoftBank buys 15% stake in Uber
SoftBank buys 15% stake in Uber

Japan-based SoftBank won a tender for the purchase of a 20% stake in Uber, The Wall Street Journal reported. 

European companies predict positive impact of U.S. tax reform on profits
European companies predict positive impact of U.S. tax reform on profits

European companies predict the positive impact of the tax reform in the U.S. on their profits, but do not exclude large write-offs in the near...

Boeing considers potential deal with Brazil’s Embraer
Boeing considers potential deal with Brazil’s Embraer

Boeing Co. is negotiating the acquisition of a stake in Brazilian regional-jet maker Embraer SA. At the moment, the parties discuss the main...

European Commission opens investigation into IKEA's tax affairs in Netherlands
European Commission opens investigation into IKEA's tax affairs in Netherlands

The European Commission, the EU's main antitrust regulator, has begun "in-depth" investigation into IKEA's tax affairs in the...

Ryanair recognizes pilots’ unions looking to prevent strikes over Christmas
Ryanair recognizes pilots’ unions looking to prevent strikes over Christmas

Ryanair has made clear that it is ready to cooperate with pilot unions as it’s interested in preventing strikes during the Christmas time....

Oracle's quarterly profit exceeds expectations
Oracle's quarterly profit exceeds expectations

In the second quarter of 2018 financial year, one of the world's largest software manufacturers - the U.S.-based Oracle Corp. - increased net...

Google readies to open an AI research centre in China
Google readies to open an AI research centre in China

Google is aiming to delve deeper into the research of artificial intelligence as it prepares to establish a specialized centre in China, despite...

Toshiba settles dispute with Western Digital
Toshiba settles dispute with Western Digital

Japanese Toshiba Corporation and its partner Western Digital, which challenged the sale of their joint business for several months, announced the...

PepsiCo orders 100 Tesla Semi trucks
PepsiCo orders 100 Tesla Semi trucks

PepsiCo has pre-ordered the purchase of 100 Tesla Semi trucks. At the moment this is the largest order, Reuters reported. 

Comcast refuses to buy 21st Century Fox
Comcast refuses to buy 21st Century Fox

Comcast Corp. has abandoned plans to purchase most of the 21st Century Fox assets, owned by Rupert Murdoch. Representatives of Comcast explained...

Uber will have a chance to get back its right to work in London next year
Uber will have a chance to get back its right to work in London next year

In 2018 Uber will have a chance to reclaim the right to work in London in court, as the taxi service was declared unfit and was deprived of its...

HSBC will be released from allegations of money laundering
HSBC will be released from allegations of money laundering

British bank HSBC Holdings reported on Monday its five-year-old deferred prosecution agreement with the U.S. Department of Justice has...

UK companies are starting to take measures concerned by possible abrupt Brexit
UK companies are starting to take measures concerned by possible abrupt Brexit

Large firms are pushing with their plans minding that Britain could fall out of the EU with no agreement as UK’s Prime Minister faces great...

UK’s best places for work in the coming 2018
UK’s best places for work in the coming 2018

Google is anew at the top of the list among the UK companies as best place for work, while back in 2015 it slipped from the first position. 

Nissan to begin testing its “robot taxi” in March
Nissan to begin testing its “robot taxi” in March

The Japanese automaker Nissan and software developer DeNA will begin testing their own robo-taxis in March 2018. 

Business as the main participant of transactions in the Forex and stock markets

Business is an integral component of the world economy, which have a huge influence on the traders behavior on the stock and currency markets. Mergers and acquisitions or bankruptcy of large corporations can change the dynamics on financial markets giving them new trends. If investor purchased shares of one or another company, he must follow all the events, which take place around the selected business and its competitors to have an opportunity at any time to turn news data in his favor and to reduce risks to investments.

Business as the foundation of intensive development of the economy and financial markets

The economy of developed and emerging countries is based on entrepreneurship which is responsible for the production of industrial products and general consumer goods, as well as products, which have export potential and bring to the state a significant share of the profits. In turn, this have an impact on significance of the national currency, what is clearly reflected on the foreign exchange market. Timely analysis will allow traders and investors to choose the right strategy and get the desired profit.
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