Chinese carmaker Zhejiang Geely Holding Group Co., which owns the manufacturer of London black cabs, has attracted $ 400 million to finance development of hybrid TX5, Bloomberg reported. This vehicle is designed to replace traditional cabs. The funds were drawn by placing a so-called green bonds (debt instruments, gains from the sale of which is given to finance environmental projects). According...

British ARM Holdings, specializing in the development of chips for iPhone and other mobile devices, announced purchase of Apical company. The deal will strengthen ARM’s position in the machine-readable products market. It follows from the company’s message that ARM acquired Apical for $ 350 million. The transaction was closed May 17, 2016. Through the acquisition of Apical, ARM hopes to...

Nokia is giving a 10 years-long right of production of devices under the brand to the Finnish company HMD Global. The latter, in partnership with Foxconn’s subsidiary, buys the business of manufacturing push-button telephones for $ 350 million from Microsoft. Nokia’s mobile production revival became possible thanks to a deal between HMD Global, FIH Mobile Ltd of Foxconn Technology Group, and...

In the next few weeks, US Internet giant Amazon may introduce new types of products under private label, told sources familiar with the situation. For example, the retailer plans to sell food under brand Happy Belly. The product range will include nuts, tea, coffee and cooking oil. A variety of snacks will go under The Wickedly name, said a source close to the company. Another two brands, he...

According to Reuters’ informed sources, American entrepreneur and billionaire Warren Buffett's company Berkshire Hathaway will apply to purchase online assets of Yahoo! Buffets wants to incorporate the media company in his consortium. According to sources, Mr. Buffett is willing to provide financing to investors, if Yahoo! assets transaction is held. Citing informed sources, Reuters agency...

Apple is investing in China's largest online taxi service Didi. The investment’s size will amount to $ 1 billion. Didi is one of the fastest growing Chinese technology startups. According to experts, by devoting the money, Apple hopes to strengthen its position in the Chinese market, one of the most important for the corporation. American Apple Inc. reported that it is going to invest $ 1 billion...

Nissan Motors buys 34% stake in Mitsubishi Motors for $ 2.2 billion, or ¥ 237 billion. "Purchase of such a large package will make Nissan the largest shareholder of Mitsubishi, - said Carlos Ghosn, President and CEO of Renault and Nissan. – The companies that have collaborated for the last five years, will continue to cooperate in the development of joint platforms, technology exchange and joint...

Almost a year ago, oil rebounded strongly after the fall at the beginning of 2015 summer. Within three months, it was trading at around $ 60. US then resumed production once again, which ended with falling to 13-year lows in February. At this point, there was a rebound, comparable to last year's level. Experts reassured that further fall in prices would not happen. However, unlike last year,...

Last night, the world's largest producer of electric cars Tesla Motors released its report for the first quarter. The company’s losses compared to the first quarter of last year rose to $ 282 million, but fell short of analysts' forecasts. At the time, the revenue increased by almost 20% and the number of orders for new models has accelerated markedly. Tesla’s quotations after the report’s...