The European Commission visited banking organizations in several EU countries. The regulator checked whether the banks are preventing the financial technical companies from obtaining customer data. Thus, the European authorities want to make sure that the financial sector is ready to comply with the legislation that will enter into force from January 2018. Representatives of the European...

Bloomberg agency reports that the private aircraft market is experiencing a prolonged decline in prices against a background of reduced demand and market oversaturation. Manufacturers cannot get any help even from production curtailment, because of which it is necessary to introduce serious discounts. Prices in the private aviation market keep falling, and the nearest recovery is expected only in...

One of the largest Catalan banks Sabadell decided to move its headquarters from the region striving for independence from Spain to the Spanish city of Alicante. The credit institute reported on the last week after an emergency meeting of its board. Management of its rival CaixaBank held a similar meeting about at the same time, Reuters reported. With reference to informed sources, the agency...

According to forecasts of the International Federation of Robotics (IFR), in 2017 the world market of industrial robots will grow by at least 18% and amount to 346.8 thousand sold units. The Asian region will retain its positions as largest market – Chinese buyers alone may buy to 115 thousand such units. The new report of the International Federation of Robotics on the prospects of the industry...

Europe is on the verge of a "sweet flood". A decision to abolish quotas for sugar production came into effect in the EU. Since the beginning of this month, manufacturers of this product will be able to produce it in unlimited quantities. And this, of course, will affect the market and prices. In 2006, the European Union organized a reform aimed at reducing excess sugar and getting rid of small...

Quotes of American arms manufacturers have grown significantly after the most deadly mass execution in the modern history of the United States. Shares of companies such as American Outdoor Brands (parent company of the Smith & Wesson brand), grew by 3.8%; Sturm, Ruger & Co rose by 3.5%, Vista Outdoor - by 2.4%. In recent years, rallies in the quotations of arms manufacturers have become...

UBS has published the annual Global Real Estate Bubble Index report, which examines real estate markets around the world, and notes the risks of bubble formation in these markets. As stated in the report, an increase in the cost of housing by 10% per year leads to an increase in value by half for every seven years. In the opinion of analysts, part of the buyers is buying into easy financial...

Bad weather hit the harvest of grapes all over the world. The freezing, heat and drought affected the vineyards of Europe the most: wine production may fall down by 10 to 20% in different countries. reduction in. Frozen France  In August, the Ministry of Agriculture of France stated that this year wine production in the country will decrease by 18% compared to the previous year - to 37.2...

The world's largest audit companies are gradually beginning to introduce artificial intelligence technologies into their activities. Auditors hope that AI will help them to free employees from technical and routine tasks in order to optimize their work. Recently, FT reported that audit companies EY and PwC are implementing a pilot project on the use of artificial intelligence (AI) to recognize...