German carmaker Volkswagen (VW) unveiled a new brand development strategy for a period until the end of 2025. The plan is designed to triple profitability of operations, and restore the…

Deutsche Bank will abandon its earlier decision to pay bonuses to six former managers of the bank, reports Süddeutsche Zeitung.

GE Digital company, a division of US conglomerate General Electric, announced a deal to acquire cloud service provider ServiceMax for $ 915 million. Closing is scheduled in January next year.

ASUS has released results of III quarter, fiscal year 2016. Revenue of the manufacturer was $ 3.4 billion, an increase over the quarter by 14%, but decrease by 3% for…

The Iranian government has signed main principles of an agreement with French Total, China National Petroleum Corporation (CNPC) and National Iranian Oil Company (NIOC) on early development of the world's…

One of the world's largest sportswear manufacturers, Adidas Group, will reflect costs of 30 million euros ($ 33.4 million) in the report for the second half of the year. The…

Japan's biggest shippers have agreed to merge their container units to create the world's sixth-largest cargo carrier as the industry is reducing around the world, reports Bloomberg.

The leading German financial institution Deutsche Bank has unexpectedly completed the third quarter of 2016 with a profit. Over the past three months, the bank earned 278 million after taxes,…

E-commerce is developing, and scammers are trying to catch up. US online stores lose more than 7.5% of revenue on fraudulent purchases and their prevention costs, shows a study by…

The world's oldest bank Monte dei Paschi di Siena, the third in terms of assets in Italy, intends to lay off 2.6 thousand employees and close 500 branches before the…

Advertisers are cutting advertising expenses in the print media. This year, the rate may drop to 8.7%, up to $ 52.6 billion. This is a record number since the fall…

Mitsubishi Motors Corporation (MMC) announced joining Renault-Nissan alliance as Nissan closed acquisition of 34% of its shares. As a result of the transaction, total value of which amounted to ¥…

US authorities have fined British auditing and consulting corporation EY (Ernst & Young) for systematic errors during audit of oilfield services company Weatherford International. The latter artificially inflated its financial…

Intel's net profit in the III quarter has grown by 9% to $ 3.4 billion. Revenue increased by 9% to $ 15.8 billion, the company’s report said. Analysts polled by…

Market capitalization of Chinese microblogging service Sina Weibo for the first time overtook indicators of its US rival Twitter. During Monday trading on NASDAQ, Weibo capitalization reached $ 11.32 billion,…

Amazon has applied for permission to build a large will call center in Seattle, and two more - in the state of California. According to documents, buyers in Seattle will…

Disagreements on selling prices made Tesco, largest British retailer, remove dozens of names of popular products, including the popular in the country spread Marmite sandwich, from sale in its online…