Chinese conglomerate Tsinghua Unigroup intends to invest about $ 47 billion in semiconductor manufacturing over the next five years. The company expects to consequently be able to enter the top three leaders of the global market. Tsinghua Unigroup company intends to become the third largest world manufacturer of semiconductors. According to Reuters, the conglomerate’s leadership intends to spend...

Head of the car company Rolls-Royce believes that the crisis in the industrial Rolls-Royce adversely affects the image of luxury cars. The top manager notes that the general public associates problems of the company Rolls-Royce Plc, which produces engines for aviation and maritime transport, with the manufacturer of cars that do not correspond to reality. In an interview with The Daily Telegraph,...

"We did what we promised. Now we are well prepared to accomplish our plans for the next year", - said General Director of the German company Joe Kaeser. Profit margin in Siemens’s industrial units made 10.1% in fiscal year 2015, which ended Sept. 30. The target was set at 10-11%. Profit in the most indicative units grew by 9% to 2.5 billion euro in the IV financial quarter (consensus - 2.3...

As a result of yesterday's "Singles’ day" (Guanggun Jie), during which the Chinese Internet giant Alibaba annually arranges grandiose sales of goods, the e-shop broke its own record for revenue. Let’s recall where this holiday came from and how it drew Alibaba founder’s Jack Ma attention. Last year, companies using the platform Alibaba, managed to gain $ 9.3 billion by selling 270 million units...

Apple Inc. decided to expand its office staff in Ireland for a thousand people, reports Reuters referring to the Irish Agency for Investment IDA. The number of employees at the office in Cork will be increased by the middle of 2017. Now the Irish subsidiary employs five thousand people. IDA noted that the staff had grown by a thousand people by last year as well. Reuters notes that the iPhone...

Investment fund Fidelity has reduced estimated value of the messenger Snapchat by 25%. Analysts believe that so far, the company failed to convince investors of their bankability. US investment fund Fidelity, which is one of the main shareholders of the online service Snapchat, lowered the estimate of its share in the project by 25%, reports the Financial Times. Just in June this year, the...

The French government still aims to reduce their stake in Renault's cars down to 15%, said Economy Minister Emmanuel Macron. He added that the government is opposed to significant changes in the alliance of Renault and Japan's Nissan Motor, which has existed for 16 years, according to MarketWatch. In April, France has acquired 4.7% of the French carmaker, having increased its share from 15% to...

A number of international companies, including IKEA and Disney, was summoned to a hearing of the tax committee of the European Parliament on issue of tax breaks given to companies in Europe. The committee’s meeting should also be attended by representatives of Barclays, McDonald's, Coca-Cola, Anheuser-Busch InBev, HSBC and Philip Morris. Invitations were also sent to Facebook, Amazon, Fiat and...

The photo hosting Pinterest introduced a new search function for pictures elements marked by users. The authors believe that the function will be especially interesting for those who are interested in fashion, interiors and design. Today, the popular photo service Pinterest introduced a new feature through which hopes to attract new users. At the present time, according to various estimates, the...