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S&P upgrades Turkey's ratings to 'B+' from 'B' 05/07/2024

L'Occitane will buy back its shares for $1.8 bln and leave stock exchange 05/02/2024

The Sun: The UK sends the first deported migrant to Rwanda 05/01/2024

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Business & Finance

Blockchain will turn the energy market upside down. But how?

Energy companies are wary of solar panels and batteries, and blockchain should terrify them. The blockchain technology will not only allow a lot of people to install solar panels on their roofs (which will lead to a reduction in electricity consumption and will hit the profits of its suppliers). It...

Acer's profit in 2017 reaches seven-year high

Acer presented the results of the 2017 financial year and the fourth quarter of 2017 approved by the Board of Directors. The data presented is demonstrating the company's desire to optimize existing processes and invest in the future of personal computers and new business directions. Acer reported...

Eni to sell a stake in its Mexican field

Eni, which now owns 100% of the oil field in the Gulf of Campeche and expects to start production in early 2019, will sell 20-35% of Qatar Petroleum. Eni is also negotiating with other potential buyers, the agency’s interlocutors told. The Italian company seeks to sell a stake in the field to...

Japan to legalize ICO

The state-sponsored research group at the Tokyo University of Tama has submitted guidelines for the regulation and legalization of the scope of initial coin offerings (ICO) in Japan, reports Bloomberg. The relevant document sets out basic requirements for the identification of investors, measures...

Trump Attacks Amazon While His Government Does Big Business With E-retailer

While Amamcon.com and U.S. President Donald Trump apparently may be preparing for a war between themselves, Amazon’s one of the largest customers have been Trump's government. The Trump government has an agreement with Amazon for providing cloud-based computing services for the CIA and...

Boeing is concerned with the US-China trade war

US aircraft giant Boeing warns that a possible trade war between the US and China would damage the global aviation industry. "Both governments have taken positions that could harm the global aviation industry, although no one has yet implemented these harsh measures," the corporation statement...

Mega US Health Care Mergers Drives Global M&A To Record High In Q1, 2018

A seventeen year high has been reached for the first quarter of the current year by the merger and acquisition (M&A) activity throughout the world. This was disclosed by an analysis conducted by the research firm Mergermarket which published the findings in a report recently. The firm...

How much will Apple earn with its own processors?

Apple's plans to abandon Intel processors in favor of its own development have become a topic for discussion of analysts. Experts believe that their own chips will reduce the cost of components. If half of the company's computers are equipped with Apple processors, the US manufacturer's savings...

U.S. District Judge Analisa Torres allows gender-bias lawsuit to proceed against Goldman Sachs Group Inc

The ruling sees the eight year old case, which got delayed over a dispute as to what kind of relief the former employees could obtain, snowball into a class-action lawsuit. In a blow to Goldman Sachs Group Inc, late on Friday U.S. District Judge Analisa Torres in Manhattan ruled that the...

Snap Inc cuts 7% of its global workforce in March 2018

The reduction of its global workforce is significant since it is aimed at streamlining its strategic priorities with the structural changes taking place in its business. A regulatory filing by Snap Inc discloses that it has cut 7% of its global workforce in March. The disclosure further...