The court of New York satisfied claim of American performers to the streaming service Spotify. After two trials, Spotify will pay musicians $ 112 million. This is the first time that a streaming service will pay such a large amount as compensation to performers. The first lawsuit against the company three years ago was filed by David Lowery, copyright defender of Camper Van Beethoven band and...

In the first quarter of 2018, Samsung Electronics consolidated its position as the leader in the global chip market. For the first time, the company has become the leader in the second quarter of 2017, outstripping the American corporation Intel. According to the analytical company IC Insights, at the beginning of last year Samsung's semiconductor revenue was 5% lower than that of Intel, then the...

Head of the London financial department JPMorgan Chase & Co Oliver Harris will be responsible for the bank's crypto-currency strategy. He will also head a project developed by Quorum company and aimed at creating the bank’s own blockchain platform. This is reported by Financial News. The news that JPMorgan has decided to create its own crypto-currency strategy is noteworthy. Earlier, the...

The first quarter of this year turned out to be quite profitable for two banking giants from Europe. The net profit of the second largest German bank, Commerzbank AG, attributable to shareholders in the first quarter of 2018, increased by 9.2% compared to the same period last year, up to € 250 million, according to the financial institution. Profit before taxes and operating profit amounted to...

Strike of Air France staff, held from February 22 to May 8, cost the company € 400 million. Number of the company’s passengers decreased by 8.7%. Having failed to find a common language with the working unions, General Director of the group Air France-KLM Jean-Marc Janaillac left his post. The Minister of Economy of France Bruno Le Maire warns that the company can lose to competitors. 15 days of...

Total and Clean Energy Fuels Corp have entered into a broad strategic agreement to convert heavy trucks to natural gas. Total agreed to buy 50.8 million shares of Clean Energy for 83.4 million US dollars. After the deal is concluded, Total will become the largest shareholder of Clean Energy, owning 25% of all issued shares. This transaction received preliminary approval of the meeting of...

Royal Bank of Scotland Group Plc reached a preliminary agreement on payment of $ 4.9 billion to settle the US claims in investigation of transactions with mortgage securities. This is reported by Bloomberg. Thus, RBS eliminated one of the last barriers that prevented the UK from reducing its stake in the bank. The bank’s management said that the RBS will begin negotiations with the British...

Donald Trump’s decision to withdraw from the Iran nuclear deal could lead to billions of losses for international business, which has concluded dozens of major Iranian contracts since 2015. Stock exchanges were first to react to the news. Quotes of European companies Airbus, Total and Peugeot-Citroen dropped by 0.6-1.5% amid pessimistic expectations of investors about negative impact of the...

Scientists at the University of Sydney found that the tourism industry is responsible for a significant amount of greenhouse gas emissions into the atmosphere. According to their calculations, 8% of all greenhouse gases in the world are emitted as a result of intensification of air, water and land tourism, as well as a large number of catering, entertainment and leisure facilities in places where...