Twitter is perhaps the most popular microblogging service in the world. This social network allows exchanging short (no more than 280 characters) messages. At the end of 2017, Twitter had 330 million active users. One of the Twitter stars is US President Donald Trump. In an effort to communicate their thoughts directly to the world because of pressure from the media and the dissemination of false...

The popular American cryptocurrencies trade platform Coinbase announced launch of the Coinbase Index Fund. The new tool will allow investors accredited in the US to work with all already existing and future assets in the framework of the GDAX exchange. Coinbase Index Fund will enable investors to watch performance of the digital assets class in general. In other words, they won't have to choose...

Chief Executive Officer of Kobe Steel Hiroya Kawasaki will resign in connection with the scandal about the falsification of data, which shook the Japanese manufacturing industry last year, reports Nikkei. The third largest steel company in Japan, which supplies its products to automotive, airplane and train manufacturers around the world, last year admitted falsification of data on its products,...

Saudi Arabia has chosen banks to arrange the placement of dollar bonds. Among them were JPMorgan Chase & Co. and HSBC Holdings Plc, reports Bloomberg referring to sources familiar with the situation. Goldman Sachs Group Inc. and Citigroup Inc. will also act as organizers of the placement, which may take place already this month, interlocutors of the agency told. The world's largest oil...

High-tech companies will pay for the place of registration of their content users. The European Union plans to impose a tax on technical corporations in the amount of 1% to 5% of revenue. The tax will be calculated depending on where the main segment of users is located, and not the office of the company. This is reported by the Reuters agency referring to the draft law. From corporations that...

Li Shufu, a billionaire from the Chinese city of Hangzhou bought almost a tenth of Mercedes company. This news excites now not only the German automaker Daimler, who has got a new strategic investor, who concentrated in his hands the largest stake in the concern. The multi-billion investment of the founder of the Chinese company Geely and the owner of the Swedish Volvo can change the alignment of...

The producer company Weinstein Co. is going to file a bankruptcy petition. The company is trying to save its assets from the financial problems that arose when dozens of actresses accused co-founder Harvey Weinstein of sexual harassment, Bloomberg writes. The Board of Directors failed to sell the film studio to a group of investors led by Maria Contreras-Sweet, who ran the US Department of Small...

On Saturday, the European Central Bank (ECB) said that ABLV, the third-largest bank in Latvia, which recently found itself at the center of the scandal after the US Treasury accused it of laundering money, is problematic. The ECB will not conduct the financial rehabilitation procedure for ABLV, because it is not systemically significant, so the bank will simply be liquidated. On Saturday, the...

Fast food restaurants chain KFC faced a real crisis, which forced the management to close a huge number of restaurants in the UK. The problems started with a new logistics company: after the computer malfunction the chickens were left to rot in the warehouse, and the restaurants were empty. The unexpected closure caused a violent reaction from visitors - customers reached the police, demanding to...