Export of watches from Switzerland in October 2017 increased by 9.3% compared with the same month a year earlier - to 1.85 billion Swiss francs ($ 1.86 billion), according to the Federation of the Swiss watch industry. The growth of watch exports has been persisting for the sixth month in a row, and the growth rate became the highest since January 2013. Deliveries of Swiss watches to Hong Kong in...

Uber taxi service was subjected to a hacker attack, during which hackers stole data of 57 million passengers and drivers of the company, reports Bloomberg. The incident occurred in October 2016, but was made public only now. Instead of reporting about the attack, the company paid 100,000 dollars to the hackers to delete the data and keep it a secret. The fraudsters stole names, email addresses...

In 2016, stocks of AMD enjoyed increased demand from investors. They soared by almost 430% on the back of growing sales of chips for the year. However, the situation changed in 2017. By March, the company’s papers rose in price by another 30%, then slowed their growth and collapsed after the publication of the quarterly report in late October. Over the past month, AMD fell by 22%, losing all...

In the near future, Alphabet (Google) is going to face new proceedings in Europe, European competition commissioner Margrethe Vestager said during her trip to Beijing, Reuters reports. In the summer of 2017, the EU antitrust regulator fined Google for a record € 2.42 billion ($ 2.7 billion) in the case of the company's abuse of the dominant position in the market when promoting Google Shopping....

Chinese Internet giant Tencent Holdings Ltd. has dramatically improved its results in the III quarter due to the success of games such as Honor of Kings, and the fast-growing revenue from online advertising, writes Bloomberg. The operator of the largest social network in China reported an increase in revenue in July-September by 61% to 65.2 billion yuan ($ 9.8 billion). The forecast assumed an...

American investment fund Indigo Partners will buy 430 aircraft from the family A320neo from the air manufacturer for $ 50 billion. The liners will be available to four budget airlines. The French aircraft construction concern Airbus received the largest order in its history. It will deliver 430 medium-range airplanes from the A320neo family to four budget airlines - American Frontier Airlines,...

Swiss bank Credit Suisse agreed to pay $ 135 million to the bank authority of New York to settle a lawsuit on illegal activities in the foreign exchange market. Currency traders of Credit Suisse used chats to exchange confidential information about clients, coordinated transactions and tried to manipulate currency quotations or interest rates. According to the regulator’s conclusion, the bank...

Last week, stocks fell in price, and the indices of Dow Jones Industrial Average and S&P 500 lost slightly less than 0.5%. Nevertheless, they remain near record figures, and have significantly increased in 2017. This week, Home Depot, Target and Foot Locker are to report on the results for the third quarter and inform investors about the updated prospects for the holiday season. That's what...

The largest US toy manufacturer Hasbro made an offer to buy the second-largest producer Mattel, reports Reuters with reference to informed sources. This transaction could support Mattel. The company has been experiencing financial problems in recent years, and in the past year its shares lost 47%. The last major drop by 28% occurred in October due to the publication of a weak quarterly report....