Strike of Air France’s flight attendants, which lasted from July 27 to August 2, brought losses of € 90 million to the airline. This was told by President and CEO of Air France Frédéric Gagey in an interview with news radio station France Info. "I think that end losses will amount to approximately...

The rising trend of using high-tech devices that combine biology, software and hardware to tackle chronic diseases, the line between pharmaceuticals and technology is blurring as varying companies join forces.   Unveiling a new joint company on Monday that aims to market bioelectronic...

McDonalds has decided to get rid of artificial preservatives in meals such as Chicken McNuggets, sausages, omelets, as well as in breakfast sandwiches. McDonald's also replaced corn syrup rich in fructose, which is used in muffins, with sucrose. A year ago, the company promised to abandon...

The price war on the US mobile phone market stopped. After years of price reduction and shocking marketing offers, four of the country’s largest operator published results for the II quarter of 2016, indicating that prices have stabilized. Current steady position is linked to the fact that...

Board of Directors of brewer SABMiller approved a purchase proposal with increased costs from Anheuser-Busch (AB) InBev. Thus, the main obstacle on the way to merger of the two brewing giants has been overcome. Earlier last week, AB InBev sent to SABMiller an offer with the new conditions to...

In the II quarter of 2016, the world’s and US largest oil company Exxon Mobil Corp. reduced net profit by 59% due to the continued low commodity prices and deteriorating refinery margins. US oil company Chevron Corp., second in terms of capitalization and revenues in April-June unexpectedly...

An agreement has been made between Sony & Murata to mutually benefit from the purchase deal. On Thursday, the 28th of July 2016, Sony Corp has come to an agreement, whereby it has decided to “sell a portion of its battery business to Murata Manufacturing Co Ltd”. The said move has been taken by...

Today, one of the leading banks of the world financial system, Deutsche Bank, reported a fall of its quarterly earnings by 98% to € 20 million. This sharp drop in profits was caused by the bank's anti-crisis restructuring programme, sale of the assets and litigation. After the statement was...

After the changes made by AB InBev in its offer, the deal may be cracking soon, think analysts. Anheuser-Busch InBev hiked up its bid by “$100 billion-plus” for buying its “rival brewer SABMiller”. However, Brexit has caused the interest of investors on the said offer to shrink, which threatens “to...