October 1 is the International Coffee Day. To survive in the coffee business, companies have to analyze Big Data, implement artificial intelligence and robotics technologies. Active use of new technologies in preparation and sale of coffee and coffee drinks began in the early 2010s. This led to a steady growth in the volume of the coffee market: for example, it increased by 36% in the United...

Tencent Music, the largest music streaming service with about 800 million subscribers, is planning an IPO. The Chinese company has already applied for an IPO in the US, it plans to raise $ 1 billion. Thus, its value can be estimated at about $ 25 billion. On Tuesday, October 2, Chinese music streaming service Tencent Music Entertainment submitted an application to the US Securities and Exchange...

In the third quarter, American Tesla Inc. increased production of electric vehicles by 50% compared to the previous three months - up to 80,142 thousand. This is the highest quarterly figure in the company’s history, according to a press release. The number included 26,903 cars of Model S and Model X, and also 53,239 thousand Model 3 were released. Deliveries in July-September amounted to 83.5...

EasyJet has improved its annual profit forecast due to cancellation of Ryanair flights, its biggest competitor, and high demand for flights. The company now forecasts that earnings for the 2018 financial year, which will end on September 30, will increase by about 40 percent due to such disposable factors as bankruptcy of Monarch and Air Berlin, as well as due to strikes in Ryanair. EasyJet’s...

The electricity deficit that may arise in the country in November will be covered by imports from Germany, the Belgian Ministry of Energy said. In November, only one of the seven reactors of Belgian nuclear power plants will remain in operation. In connection with the maintenance work at the Belgian nuclear power plant, the Minister of Energy Marie-Christine Marghem did not exclude the...

The Labor Party Congress is being held in Liverpool on September 23 - 26. Its main theme is Brexit, and on Tuesday the party members voted for its way of settling the deal with the EU. As a result, it was decided to suggest holding a new referendum on leaving the EU. The Labor Party will lobby the approved option in the course of further discussion about the future of Great Britain in Europe. The...

The manufacturer of fashionable clothes and bags Michael Kors Holding Ltd is close to conclude an agreement to purchase the Italian fashion house Gianni Versace SpA, Bloomberg reports with reference to informed sources. Michael Kors, which valued Versace at about $ 2 billion, could announce the deal this week. Terms of the transaction suggest that the Versace family in any case will continue to...

On Monday, Canadian Barrick Gold announced purchase of London-based Randgold Resources for $ 6.04 billion with payment in the form of securities. The transaction will create the world's largest gold mining company. According to a joint report of Barrick and Randgold, the total capitalization after the merger will amount to $ 18.3 billion, while the company will own maximum concentration of tier 1...

Fidelity Investments started creating services for crypto assets, and the New York State Attorney General's Office is concerned about the level of investor protection on crypto-exchanges. The American financial corporation Fidelity Investments is developing new services in the field of blockchain and crypto currency, the company’s CEO Abigail Johnson said, adding that some solutions will be...