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Companies & CEOs

Indian Oil Corp. concludes first annual deal to import American oil

Paul Lowry via flickr
Indian Oil Corp., India's largest refiner, has signed its first annual contract for the supply of American oil, Reuters reported. The company will buy an average of 60 thousand barrels per day totaling $ 1.5 billion during the year until March 2020....

NBER: Economic activities of US mega-companies have not grown in 60 years

Phillip Pessar via flickr
Contrary to popular belief, American “superstar companies” have not become larger and more productive over the past 60 years, and since 2000 their contribution to overall productivity growth has decreased by almost 40%, the National Bureau of...

Lufthansa sues its passenger, accuses him of cheating

tjdarmstadt
One of the largest airlines in the world, Lufthansa, demands monetary compensation from a passenger who in April 2016 used a common method to reduce the cost of air travel without flying to the end of the connecting route, but remained in the...

Airbus stops producing the largest passenger airliner since 2021

A6-EDJ
The European Airbus concern stops production of the A380 airliner since 2021. The decision was made due to lower demand for the aircraft by Emirates and the lack of interest in them from other carriers. In the next two years, the airline should...
Markets & Industries

DNA tests are gaining popularity

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Genetic testing is becoming more common in the mass consumer market. The largest players are already creating a kind of social networks in which you can connect with detected distant relatives. However, critics say that there is a question about...

Investors are leaving developed markets

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At the beginning of the year, international investors have significantly reduced their investments in the American and European stock markets. Apparently, they see no adequate returns amid growing expectations of a slowdown in the economies of these...

Analysts: Chinese export grows despite restrictions

futureatlas.com via flickr
Exports from China in January in annual terms increased by 9.1% (after the December decline by 4.4%), despite the effect of US duties, according to statistics from the PRC. At the same time, imports to China also increased, but only by 1.5% (it fell...

McKinsey notes slowdown in global trade

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Growth rates of the global trade are not only decreasing, but structural changes are taking place. Increasingly fewer products are sent abroad, share of services is consistently growing and, perhaps, already exceeds the volume of goods turnover,...
In-depth coverage

Wonderbox shaping the European gift box market

The French gift box leader is pursuing its expansion, with a new strategy of its own. After years of organic development, Wonderbox has been acquiring competitors in Europe to fuel its growth further. At the heart of the new strategy, which has succeeded in securing the very existence of a market which was nascent just years ago, lies the concept of “mutual growth”.At the turn of the century...
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Standardizer

Catalans decide to punish banks leaving Catalonia

As tension in Spain is intensifying, the Catalan separatists are finding new opportunities for the struggle for independence that could strike Madrid.Civil society organizations in Catalonia are requiring a massive withdrawal of money from bank ATMs to put pressure on the Spanish government. At the same time, the organizers have no clear idea how much money it takes and what to do with the...
World & Politics

British economy finds itself in limbo

Oast House Archive
The growth of the British economy in 2018 was 1.4%, the National Statistical Service reported: “Such low growth rates were observed only in 2012, and lower growth rates were observed only in 2009.” Investments of the companies have been falling for...

UAE concludes defense deals worth $ 1.35 billion

Toumi Fethi
The United Arab Emirates announced defense deals with local and international companies worth about $ 1.35 billion on the opening day of the IDEX defense exhibition in Abu Dhabi, according to CNBC. Of the 33 deals announced on Sunday, 18 were made...

US, Saudi Arabia protest against EU money laundering list

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The US authorities very sharply reacted to publication of the EU blacklist of countries that pose a threat due to a weak fight against money laundering and financing of terrorism. The US protested against blacklisting of four unincorporated American...

China is fighting for its corner in Venezuela

Philip Jägenstedt
China decided to hedge and protect their multi-billion dollar investment in Venezuela. China worries about future of joint oil projects with Venezuela and the nearly $ 20 billion that Caracas owes it. These concerns resulted in negotiations that...
Management & Strategy

How to find a mentor

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Building a business by trial and error is difficult and unpleasant. It is much smarter to use experience and ideas of those who have already did it. The key to growing your business is mentor assistance. Imagine that successful people are points in...

How to make your colleagues meet deadlines

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Many of us have been in a situation like this more than once: deadline is near, the project must be handed over, but nothing is ready yet... Many people have a superpower to forget about deadlines. And yet, they can be called for order. How to make...

Seven ways to become a true professional

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Why do some people work much better than others? This is a deceptively simple question asked by professionals in different fields of activity. Our perception of success is based on conviction that everything depends on talent. But are all these...

Here's why you need to organize your day

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This is the most powerful tool to overcome difficulties and obstacles. Without it, a person is often distracted by senseless stimuli and unnecessary things. This is necessary to facilitate work and allows you to start performing tasks without too...