Net profit of German chemical and pharmaceutical concern Bayer AG declined in Q1 by 36.5% in annual terms to € 1.24 billion. Earnings per share amounted to € 1.27 against € 2.22 a year earlier. The company's revenue grew by 42% to € 13.015 billion, reports Bayer. Revenue growth is mainly associated...

Economists and scientists have long used different data to estimate inequality. The Gini coefficient, one of the most famous such indicators, was invented in 1912. It shows the degree of social stratification, usually in terms of annual income. However, some countries, such as Australia and the...

Tesla is going to launch an unmanned taxi service in 2020. This was announced by the company's founder Elon Musk during a meeting with investors. Elon Musk said that by mid-2020, more than a million Tesla cars would be fully self-driving, reports The Wall Street Journal. The founder of Tesla...

Energy consumption in the United States in 2018 exceeded previous record reached in 2007. The total energy consumption for the year increased at the maximum rate over the last 8 years. According to the Energy Information Administration (EIA) at the US Department of Energy, energy consumption in the...

The already existing strategic alliance between India auto company Mahindra and the US car maker Ford is being strengthened.   The companies have recently signed an agreement to jointly develop a midsize Sports Utility Vehicle (SUV) aimed at the Indian and other emerging markets. A Mahindra...

According to media reports that painted a rosy picture for the trade talks between the United States and China, both the parties are trying to reach a deal by early-May and hence they are scheduling more face-to-face meetings between the trade representatives of the two countries. If a deal is...

New rules aimed for offering better protection for the employees in the so called "gig economy" has been approved by the European Parliament.   For those employees working in those "on-demand" jobs, such as at Uber or Deliveroo, have been granted a set of minimum rights while also mandating...

Despite the slowdown in economic growth around the world, the luxury market continues to grow. According to Deloitte, revenue of the largest companies in the luxury segment in fiscal 2017 increased by 10.8% to $ 247 billion. Such high rates occurred thanks to the younger millennials and the Z...

The European Commission will allocate additional funding for the construction of the Baltic Pipeline, which will connect Poland, Denmark and Norway. An agreement on a grant for this project in the amount of almost 215 million euros was signed on Monday, April 15, in Brussels in the presence of Vice...