The accounts of the Venezuelan state owned oil firm PDVSA has been frozen by the Russian bank Gazprombank and all of the transactions with the Venezuelan company has been halted by the bank so as to avoid being implicated by the US for violating American sanctions on the South American country,...

After an unsuccessful attempt to enter the US market in 2017, the financial division of Alibaba Group focused its efforts on finding a partner in the European market. And eventually it succeeded: the company announced an agreement on the purchase of the British payment service WorldFirst. In a...

Amazon unexpectedly decided not to build a new headquarters in New York, reports BusinessInsider. Amazon received a refusal from some New York politicians who were dissatisfied with the fact that the companies promised tax breaks worth almost $ 3 billion. The world's largest online retailer,...

Jean-Dominique Senard, the newly appointed chairman of French car maker Renault would be meeting Nissan Motor CEO Hiroto Saikawa for the second time since the French company had appointed him to replace the arrested former chairman of the company Carlos Ghosn in Japan.   This was first...

The French giant Renault is entering the new era without Carlos Ghosn. For the first time in five years, the company reported drop in profits against the background of declining sales in China and the weaker contribution of the Japanese partner Nissan Motor, in which Renault holds 43.4% of the...

The new service will be based on subscription: Apple plans to take 50% of the revenue, and share the remaining 50% between all media. Apple is developing a new paid service that will work on the principle of a news aggregator. However, the media don’t like the proposed financial terms of the...

Any loss of crude oil in the international market because of the export sanctions imposed on Venezuela by the United States would not have too much impact on the global crude supply as there is enough spare capacity in other oil producers and strategic reserves which is potentially the reason that...

The International Energy Agency announced that it would be difficult for the global oil market to absorb the fast-growing oil supplies from non-OPEC countries, even with reduction of the group’s production and US sanctions against Venezuela and Iran, Reuters reports. In its monthly report on the...

Australian authorities have signed a strategic partnership agreement with the French company Naval Group to build 12 diesel-electric submarines worth € 30 billion (50 billion Australian dollars). The agreement was signed on Monday, February 11, in Canberra by Australian Prime Minister Scott...