The largest European airlines, probably, will have to consolidate their units engaged in low-cost air transportation in the future. This is necessary to win the struggle for leadership with aggressive low-cost airlines, led by Ryanair Holdings. This view was expressed by the Director General of the International Air Transport Association (IATA) Alexandre de Juniac. Air France-KLM, German...

Credit Bureau Equifax Inc., one of the three largest in the United States, reported a massive cyber security breach. Hackers have got access personal data of nearly half the US population - 143 million people. According to Bloomberg agency, the intruders became aware of names and surnames of customers, their dates of birth, numbers of their insurance policies and driving licenses. In addition,...

Goldman Sachs, the most powerful bank in the world, is concerned about too lengthy growth in markets. Should we listen to these warnings and why are bankers suddenly disliking bubbles? On the eve of a business conference in Frankfurt, hosted by Handelsblatt, a manager of Goldman Sachs unambiguously told the audience that the world financial markets have been growing too long. It is difficult to...

A new study by consulting firm Counterpoint's Market Pulse, held in July of this year, shows that Huawei has significantly outperformed Apple in terms of smartphone sales in June and July. The Chinese company can repeat the success in August. To date, Huawei is the world's second largest smartphone manufacturer, behind only Samsung. According to Counterpoint's Market Pulse, Huawei managed to get...

A lot of things can go wrong with sea transportation: cargo can be damaged, a delay can occur, a storm can knocks a ship off course etc. Marine insurance is one of the oldest and least effective categories of insurance, says Sean Crawford, head of insurance at Ernst & Young consulting firm. In his opinion, this 30-billion branch is an excellent platform for understanding how one can use block...

Nowadays, Amazon is one of the world’s most successful companies. But how the company achieved such an incredible results? First, Amazon.com was a bookstore. Nowadays, Amazon is a giant company with its own solutions in the field of logistics, Internet payments, equipment development and data storage, as well as media business. Prime program, whose membership costs $ 99 per year, covers 85...

The World Trade Organization rescinded the decision that the $ 8.7 billion tax relief that the US government granted to Boeing was considered illegal. In late December last year, the States appealed on this case. In November 2016, the WTO recognized that the United States illegally subsidized the US aircraft manufacturing corporation. The World Trade Organization agreed that the US authorities...

Diamond giant De Beers decided to spend a record for the past 10 years amount on advertising diamonds in an attempt to return wealthy buyers. According to Anglo American Plc, De Beers' marketing budget will be increased to $ 140 million, the largest amount since 2008. The main attention will be paid to the three main markets - the USA, China and India. Recently, diamonds have gradually ceased to...

Are you interested in shares whose dividends grew 61 times since the IPO in 2001? Who overwhelmed all the market forecasts? It is unlikely that any of the investors will say "thank you, do not", after hearing about such a proposal. The mentioned company is called Magellan Midstream Partners, and it does not work in any of the fastest growing industries. Magellan seems to be an ordinary pipeline...