The American division of Deutsche Bank AG failed the second part of the annual stress tests of the US Federal Reserve because of the "widespread and critical shortcomings" in controlling capital planning. This is reported by Reuters. The Fed also set conditions for the three banks that passed the audit. Goldman Sachs Group Inc and Morgan Stanley cannot increase capital allocation, and State...

The volume of M&A deals concluded in the world in the first half of 2018 reached $ 2.5 trillion. This is a record high for this period. The data underscore activity of mergers and acquisitions despite geopolitical tensions, writes the Financial Times. The wave of major deals, mainly in the media and telecommunications sectors of the United States, contributed to a 65% increase in global...

Having promised to find out where and how developers of third-party applications accessed users' data in 2007-2015, Facebook still cannot report on the results of this work. As it turned out, many developers have already left the business, others do not respond to Facebook's requests, others are cooperating, but they themselves need time to find out the data’s location. After the scandal with...

Instagram now supports videos more than an hour. Will the service be able to attract users who are accustomed to YouTube in the struggle for the multibillion-dollar video advertising market? In the fight for the growing mobile video market, Instagram launched a new function IGTV with video clips up to an hour. IGTV (short for Instagram and TV) is a new application for viewing long videos. Apart...

The manufacturer of electric vehicles Tesla Inc. will partially curtail its business of selling and installing solar panels, which was bought two years ago. This is reported by Reuters with reference to internal documents of the company and its former and current employees. Last week, Tesla announced a reduction of about 9% of employees, as the company seeks to reduce costs and become profitable....

Shares of the American conglomerate General Electric (GE), capitalization of which was the largest on the US and world market company at the beginning of this century, will be removed from the Dow Jones Industrial Average, said S&P Dow Jones Indices. GE was the last company to be in the DJ since its inception in 1896; it has been included in the index almost all the time except for a short period...

ExxonMobil Corp, the largest gas supplier in southeastern Australia, is considering a possibility of opening of LNG (liquefied natural gas) import to overcome the impending shortage of gas from 2021 and keep its share in the market, Reuters reports. AGL Energy, the second largest energy seller in Australia, plans to open LNG import by 2021. A consortium involving Japanese JERA will start...

The US Justice Department said that it will not appeal against the court decision, which authorizes the merger of the telephone giant AT&T and cable corporation Time Warner. After that, AT&T announced completion of its deal with Time Warner, which should significantly increase competition on the global media market in the face of the growing influence of new content producers such as Netflix and...

SoftBank and the Government of India are expected to enter into an official agreement shortly after final agreements have been reached. It is expected that the company will invest through a fund supported by the government of Saudi Arabia, NHK specified. Saudi Arabia is the largest investor in the SoftBank Vision Fund, which raised more than $ 93 billion last year. In 2015, SoftBank promised to...