Capital of Jack Ma, the founder of the Internet company Alibaba, grew by $ 2.8 billion in just one day against the background of the company's sales forecasts, reports Bloomberg. Shares of Chinese Internet giant Alibaba Group Holding jumped by 13% on Thursday on a strong revenue forecast. Thus, the...

One of the hottest start-ups in the Silicon Valley has attracted more than $ 1 billion since its inception in 2010. Visual social network Pinterest announced closure of a new investment round for $ 150 million. The company specified that the service was financed by the same investors who had...

Exposing the sensitivity of Gulf hubs to regional uncertainty and creating openings for rival airlines - at least in the short term, a bust-up between Arab powers has dealt a blow to supercarriers already hurt by low oil prices and laptop bans.   Passengers of Qatar airlines were left...

Partly because it would mean dealing directly with a Venezuelan state bank, Goldman Sachs turned down a request from Caracas to convert $5 billion in sovereign bonds into marketable securities in early May, reported the media.   After opposition politicians called it to warn about the...

Toyota Motor Corp., a Japanese automaker, has discontinued its business and capital partnership with Tesla Motors Inc., having sold its entire stake in the US manufacturer of electric vehicles, the Nikkei writes. Toyota's decision suggests that Japan's largest automaker does not see the need to...

Shifting away from smartphones where intense competition has pushed down components prices, and with bets on new areas such as driverless cars, virtual reality and artificial intelligence, were put by chipmakers who switched focus at Taiwan's top tech fair this week.   In order to show off...

Telecoms firms see Esports as a way to lure younger clients and brand themselves as digital companies rather than merely providers of phone services, with championships watched by crowds of fans similar to traditional events like the NBA basketball finals or soccer World Cup.   By creating...

Apple announced that total revenues of its developers in the App Store exceeded $ 70 billion since the store was launched in 2008. Over the past 12 months, the number of downloads has increased by more than 70%. "People all over the world like apps, and our customers are downloading them in record...

ChemChina is ready to carry out “squeeze-out merger” on Syngenta if the former gets less than 98% of the latter’s shares. Through the “$43 billion tender offer” of ChemChina to Syngenta, the former has gathered almost ninety five percent shares of the latter, being a “Swiss pesticides and seeds...