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...

US authorities have started an investigation against energy company ExxonMobil on suspicion that the company is hiding data on the climate change effect of fuel combustion from public and investors. Environmentalists have long accused ExxonMobil and other energy companies that they contribute to spread of misinformation about the environmental threats and support researches designed to hide or...

Standard Chartered is the third European bank to announce massive layoff in less than two weeks. The largest banks in Europe will cut more than 30 thousand jobs, or nearly one in seven employees. London's Standard Chartered plans to close 15 thousand positions, what is about 17% of all labor. The downsizings will help to reduce costs, which rose strongly against the background of growth of...

EQT Swedish company, the former owner of Vertu, announced the completion of the transaction in October, and revealed the buyers - Chinese investors led by Godin Holdings. Today it became known that the mystery takers of the British luxury class phones manufacturer Vertu. They turned out to be the Investment Fund Godin Holdings, registered in Hong Kong, and "certain other international investors."...

Commercial Aircraft Corp. (Comac) has introduced C919 aircraft - the first Chinese commercial airliner, able to operate flights on the middle distance. The manufacturer expects the machine will be able to compete with Boeing 737 and Airbus A320. The company has already received orders from 21client to supply 517 aircraft. Chinese state aerospace company Commercial Aircraft Corp. (Comac) presented...

According to sources familiar with the situation, in the near future the US payment system Visa Inc. will buy Visa Europe, acting on the European market. The deal, which can be announced next Monday, is estimated at $ 22 billion. The world's largest payment system, American Visa Inc., will purchase its former subsidiary Visa Europe Ltd. American media reported this on Thursday, citing sources...