Starting in 2019, all new models of Volvo cars will be equipped with an electric motor, that is, they will be either fully electric or hybrid. Thus, Volvo Cars will be the first of the world's largest automakers to completely abandon cars with only an internal combustion engine. Swedish Volvo Cars company announced the "completion of the historic stage" when the cars were equipped only with an...

Today, Tehran will sign an agreement on development of the world's largest gas field, South Pars. The agreement participants will be Total and CNPC on one side and National Iranian Oil on the other. This will be the largest foreign transaction for Iran since the removal of international sanctions from the country in 2016. The basic principles of this agreement were signed by French Total, Chinese...

The market value of the largest US banks has grown by more than $ 40 billion after the Federal Reserve of the United States published annual results of stress tests. The audit showed that the credit institutions are able to significantly increase the amount of dividends for holders of shares. The market price of Wells Fargo securities increased by 4.1%, Citigroup shares went up by 3.8% at the...

Dan Loeb, managing director of Third Point hedge fund and best known for making serious bets on the corporate giants of the US and Japan, became interested in Europe this week and. His fund bought a 1.3% stake in Swiss Nestlé for $ 3.5 billion and published a comprehensive appeal calling for a change in the corporation’s business. Loeb belongs to the so-called category of activist investors. He...

2016 was a difficult year for hedge funds. In general, they brought only 5.4% of the profits to customers, which is much lower than the S&P 500 shareholders’ profits ( 11.9%), says eVestment. Low rates and high costs led to the outflow of money from hedge funds: about $ 70 billion was withdrawn in the last year alone. This is the maximum figure since 2009, according to HFR. Nevertheless, not...

The American corporation provided its own service to compare products Google Shopping with illegal benefits. The European Commission fined American Google for € 2.42 billion for abuse of the dominant position in the search market. In particular, the company was fined for granting its own service Google Shopping with illegal benefits. This is stated in a message published on Tuesday, June 27, on...

Japanese company Takata - one of the world's largest manufacturers of airbags for cars - has announced bankruptcy and transfer of business to American company Key Safety Systems, according to a published press release. Takata filed a bankruptcy petition with the Tokyo District Court for protection against creditors. The company’s debt exceeds $ 9 billion. The course of the bankruptcy case will...

The rapid expansion of Amazon into new market sectors - from cloud technologies to robotics - drew attention of many experts. Some have already included this company in the list of "frightening five" along with the ubiquitous Google, Apple, Facebook and Microsoft, and some are just wondering what new industries will the company discover. Last week it became known that the company Amazon is...

Graphics software maker Adobe continues to increase revenue through the digital business. Revenue for the second quarter (ended June 2) in 2017 increased by 27.3% compared to the financial results of the second quarter of 2016 - to a record $ 1.77 billion against $ 1.39 billion. For the three-month period ended June 2, 2017, Adobe's net income rose 53.4% to $ 374.3 million, or 75 cents per share,...