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...

On Tuesday, US President Donald Trump announced that the US is withdrawing from the agreement with Iran on the nuclear program reached by the six international mediators (Russia, the United States, Britain, China, France, Germany) in 2015. In addition, the US president announced restoration of all sanctions, the effect of which was suspended as a result of the deal reached. In this regard, the...

The American cable operator Comcast Corp will ask investment banks to increase financing by $ 60 billion. The company needs cash to make an offer to buy media assets, which 21st Century Fox Inc agreed to sell Walt Disney Co for $ 52 billion, reports Reuters, citing three sources, familiar with the situation. According to the agency's interlocutors, Comcast's CEO Brian Roberts plans to make an...

Based on the results of the ECB's stress tests, the capital of the largest banks in Greece could be reduced by € 15.5 billion with an unfavorable scenario of the country's economic development in the next three years. However, despite the losses, the capital of these banks will not fall below the minimum requirements of the ECB. This, in fact speaks of the successful completion of the long-term...