The Norwegian oil company Statoil announced an agreement with British Tullow Oil to buy a stake in four licenses for oil drilling off the coast of Norway, including a 20% stake in newly opened Wisting field in the Barents Sea. The deal will allow Statoil to increase its stake in Wisting deposit up...

After a Spacecom communications satellite was destroyed last week by an explosion at SpaceX's Florida launch site, Israel's Space Communication Ltd said on Sunday it could seek $50 million or a free flight from Elon Musk's SpaceX.   Spacecom also could collect $205 million from Israel...

The market of virtual reality devices is developing more quickly than expected, say experts of research firm CCS Insight. 14.5 million VR-headsets for smartphones are expected to be sold this year for a total sum of $ 500 million. By 2020, sales in units should be increased five-fold, and reach 72...

American technology company Hewlett Packard Enterprise wants to sell its software development division. According to sources, the company hopes to gain $ 8-10 billion. List of the potential buyers consists of a number of private investment funds, including Thoma Bravo and Vista Equity. Hewlett...

Demand for iPhone is falling, so Apple is forced to take cost-cutting measures. The company asked its Asian partners – manufacturers of hardware - for discounts, according to Wall-Street Journal. In addition, forecast on supply volumes has been revised downwards. Meanwhile, Chinese operators are...

Voggenreiter from Audi thinks that Volkswagen has “good technical solutions” in answer to its diesel emission scandal. According to information provided by Audi, Volkswagen carried out a “settlement deal” with the U.S. authorities for closing its “emissions scandals”. There are talks that by the...

After observing a blade malfunction in the engine turbine of certain aircrafts, ANA calls for servicing and cancels several flights. On the 25th of August 2016, the ANA Holdings Inc, the biggest airline of Japan, informed that there were some troubles with Rolls-Royce Holdings PLC generated...

Since the action by the European Commission of ordering Apple Inc to pay billions in unpaid taxes to Ireland seemed to undermine joint U.S.-EU progress on creating a more fair international tax system, the White House said on Tuesday that it was concerned about the incident.   Again since it...

Google is going to launch its own car sharing project Waze on San Francisco roads in the autumn. The new service may well become a competitor for Uber, which, by the way, is still Google’s partner. Partnership of Google and Uber gradually develops into an open confrontation between the two...