Boeing forecasts demand for 39.620 thousand new aircraft over the next 20 years, which is 4.1% higher than expected in the previous year. The company presented its Current Market Outlook on the first day of the international airshow at Farnborough, estimating total cost of the new aircraft at $ 5.9 trillion. "Despite the recent events that have affected the financial markets, the aviation sector...

The largest banks of the world cheapened Since the beginning of the year, market cap of the world’s 20 largest banks has declined by almost a quarter, which is equivalent to $ 465 billion in monetary terms. UniCredit demonstrated the maximum drop of 64%, to $ 465 billion. Since the beginning of 2016, the 20 largest banks in the world have lost a quarter of its total market value, for a total...

The US Department of Commerce and National Bureau of Statistics of China are trying to define activities of Airbnb and Uber. Uber’s CEO Travis Kalanick in June told Financial Times that the company has achieved profitability in all developed markets. "It allows us to invest <...> in such an expensive place like China." A year ago, The Wall Street Journal wrote that the company hoped to...

The European Commission has proposed to extend a set of rules to control traffic of virtual currency and prepaid cards. This way, the EC intends to tighten measures to combat money laundering and financing of terrorism. In addition, the EU executive body’s decision is also aimed at strengthening supervision of bank accounts and improving transparency of trust funds owners throughout the EU. The...

Last year was the in the history when European advertisers spent on the Internet promotion more than on TV advertising, according to a report of IAB market research firm, prepared in cooperation with IHS Advertising Media Intelligence Service and comScore. Spending on the Internet advertising grew over the year by 13% to 36.4 billion euros, while TV promo has remained approximately at the same...

Morgan Stanley investment bank composed a list of US shares that have been unfairly hit by the British decision to leave the EU. Announcement of results of the referendum on Great Britain’s exit from the European Union led to a collapse of stock markets around the world on Friday, 24 June. Panic-stricken investors got rid of stocks by transferring funds into defensive assets. In total, global...

China is not a country with high growth rates and low wages anymore. Now, it has entered a new phase of development. The People’s Republic of China is still a major economic force, but not such a powerful driver of the world’s economic growth as it used to be. International capitalism needs a region with low salaries and high growth rate to obtain high returns on risk capital. Thus, in the...

British retailer John Lewis has joined ranks of startups investors. Until now, such investments have been made mainly by technological or financial companies. Among them are Microsoft and Barclays - they have been up for startups incubators for years. Now, their example has been followed by companies from unexpected sectors, including retailers Topshop and Asos, betting house William Hill and...

By the end of 2015, Google and Facebook have taken 52.3% of the US mobile advertising market, reports eMarketer. Google’s share was 32.9%, or $ 10.02 billion, and Facebook ceized 19,4%, or $ 5.9 billion. Twitter is on the third place with a share of 3.8%; Yahoo and Apple occupy the fourth and the fifth positions with share of 2.9% and 2.6%, respectively. EMarketer estimated that volume of all US...