US Republicans and Democrats have recently released their official platforms, which, in essence, is are program of action in case they get control over the White House and the US Congress. Intentions of both are obviously different, and energy issue is a stumbling point here. Republicans are offering friendly rates for the industry. They are calling for deregulation and are not promising any...

By 2030, the world economy will lose more than $ 2 trillion per year due to lost productivity. The global warming is changing the climate so much that certain types of work will inevitably become impossible because of too high ambient temperature. Such conclusions were made in a report by the United Nations University’s Malaysia-based International Institute for Global Health (UNU-IIGH), which...

Hotels in Nice are faced with a massive outflow of tourists after the attack. Hoteliers have already reported cancellation of about a quarter of reservations. Losses of hoteliers and transport companies now can compete with the losses after the terrorist attack in Paris in November 2015. Then, the general economic damage amounted to € 2 billion. Terrorist attack in Nice caused another blow to the...

In the II quarter of 2016, volume of IPO-raised funds on the European stock exchanges fell by 26% compared to the same period last year. According to PwC’s estimates that volume of funds raised in the IPO on the European stock exchanges will not exceed € 25 billion by the end of the year. The index is being decreased under influence of global uncertainties, including results of the referendum on...

A new study conducted by MIDiA Research shows that in the past year, YouTube paid $ 740 million to recording companies providing content. The figure is 15% more than in 2014. However, the recording companies believe that this amount could be twice higher. They are claiming that YouTube (had a record number of views in 2015) could ban unlicensed video and would pay the companies per-view, not in...

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...