Chairman of the Board of Directors of Ford Motor Bill Ford said that the company intends to significantly increase investment in the development of electric vehicles. According to him, the volume of funds invested by the concern in this sphere will amount to $ 11 billion by 2022, which is much more than sums that were voiced by company representatives earlier. At the Auto Show in Detroit, Ford...

It turns out that technological giants overtook oil and gas companies in terms of investment in 2017. 1. Samsung Electronics In 2017, Samsung Electronics spent $ 44 billion on the construction of new plants and the expansion of existing production capacity. This allowed the company to take the 1st place among public companies in the world in terms of capital investments. 2. PetroChina Oil...

The European automotive market opened pre-orders for the Tesla Semi electric truck, launched last fall. Electric Tesla Semi can now be ordered in the Netherlands, Norway and the UK. The Norwegian "Asko" ordered 10 trucks for the current year. In the United States and Canada, more than 1,000 units have been ordered. In the UK, the Tesla electric truck is available in two versions with a range of...

Boeing Corporation became the largest supplier of commercial aircraft in the world for the sixth consecutive time. The company also signed contracts for the delivery of another 912 aircraft for a total of $ 134.8 billion. Its main competitor, Airbus, will publish its data on supplies and orders next week, but analysts do not expect that its performance will be higher than that of Boeing. The...

The US Financial Markets Regulation Service has imposed fines on US banks Citigroup and J.P. Morgan for providing false information and violations committed against customers. The Financial Market Regulator (FINRA) on December 28 fined Citigroup for $ 11.5 million for providing false ratings for many companies for almost 5 years. Citigroup Global Markets Inc. were ordered to pay a fine of $ 5.5...

Japanese company SoftBank won a tender to purchase a 20% stake in Uber, the Wall Street Journal reported citing sources. At that, Uber was estimated at $ 48 billion. This is less than the company’s market cap of $ 70 billion. Thus, SoftBank will receive Uber shares at a discount of almost 30%. According to the publication, the deal will be held at a big discount - almost 30%. SoftBank Group...

Mitsubishi UFJ Trust and Banking filed a patent application for registration of a system for safe storage of users of crypto-currency exchanges in an attempt to protect customers from incidents such as bankruptcy of the Japanese stock exchange Mt Gox. Mt Gox exchange, the bankruptcy of which became one of the most significant incidents in the history of the crypto-currency operations, was...

Bloomberg published the final version of its list of the world’s richest people for 2017. According to the Bloomberg Billionaires Index, Amazon founder Jeffrey Bezos, whose fortune is estimated at nearly $ 100 billion, became the richest man on Earth by the end of the year. Two more representatives of the US - Microsoft founder Bill Gates and media tycoon Warren Buffett - were in the top three....

The European Court equated Uber to taxi companies. "This decision will not change anything for us in most EU countries, in which we are already working in accordance with the laws on the transportation of passengers." This was Uber’s reaction to the Decision of the European Court in Luxembourg, adopted on December 20. The decision has actually equated this firm to taxi companies providing...