On Sunday evening, Head of Iran's Civil Aviation Organization (CAO) announced a contract with Boeing Aircraft Corporation to supply 100 aircraft to Iranian airlines. The deal is valued at $ 17 billion; it is going to make Boeing Iran’s largest US trading partner. Earlier, the Iranians have already signed a preliminary contract with Airbus for delivery of 118 aircraft worth $ 27 billion. Head of...

Volkswagen will focus on the most attractive and fastest growing segments of the market. To do this, the company’s current portfolio, consisting of 340 different models, will be optimized based on characteristics of the regional markets and customer needs. In the coming months, Volkswagen will present a detailed strategic program for each brand with concrete steps and financial goals before the...

Online rental service Airbnb attracted a loan of $ 1 billion to strengthen its business and to develop new services. Now, Airbnb is valued at more than $ 25 billion. As reported by Bloomberg news agency citing sources familiar with the situation, the online property rental service Airbnb has attracted a loan of $ 1 billion to support its growth and develop new services. According to sources, the...

Founder of Alibaba Group Jack Ma said that quality of fake goods sold in the company’s online stores is higher than that of the original products. Head of the world's largest online retailer has assured that nobody in the world could fight against counterfeiting better than Alibaba does. Many times Alibaba Group has been accused in neglectful attitude to sale of famous brands’ counterfeits in...

Uber decided to introduce a helicopter taxi service to its Brazilian customers. The experiment will begin in the city of São Paulo, known for its many kilometers-long traffic jams. Uber’s clients in the Brazilian city of Sao Paulo, known for its many kilometers of traffic jams, will be able to take a helicopter taxi, according to Reuters. Sao Paulo will be the first city in the world to test new...

Millward Brown estimated that cost of ten world’s most important automotive brands in 2016 is $ 139 900 000 000, that is, 3% less than last year. At that, the ranking leaders have only strengthened their positions, and the Dieselgate scandal critically influenced the composition of the top-10. The cost of car brands is affected not only by errors or sales success, but also by shift in youth’s...

According to the board members, the bank employee was fired "without real and weighty reasons, in an insulting way". French bank Societe generale will have to pay to its former employee Jerome Kerviel compensation in amount of € 450 th. for unjustified dismissal. This decision was made by a Paris employment tribunal. According to the council’s members, Kerviel had been dismissed "without real...

American coffee manufacturer Starbucks and the world's largest brewer Anheuser-Busch (AB) InBev signed an agreement on joint production of tea. AB InBev will produce, bottle and distribute in the US ready-to-drink tea under Teavana brand, owned by Starbucks. This will help Starbucks expand the business beyond the production of coffee, toward what the company has worked during the past few years...

Merger of the largest European stock exchanges will lead to mass layoffs of employees. It follows from a leaflet to the stockholders that the merger of the London Stock Exchange and Deutsche Boerse with deprive 1250 people of their jobs. 1250 employees will be laid off as a result of the merger of the London and Frankfurt stock exchanges. According to a message about organization of a new joint...