Markets & Industries
Who Is to Blame for Bitcoin's Fall by 40%? - 11/12/2015
Bitcoin’s rally is coming to an end. After a meteoric rise in recent months, the cryptocurrency’s quotations began to decline, not less rapidly. Although bitcoin’s quotations are significantly higher than they were a month ago, the fall in the last days is too pronounced and have already caused a lot of noise. Losses from the highs reached almost 40%. In general, the cryptocurrency’s movement...
Pharmaceutical Companies Spend Billions to Develop Drugs for Rare Diseases - 11/10/2015
46 new molecules have been registered worldwide in 2014. This is is 17 times more than the year before, according to the report of Thomson Reuters CRM International Pharmaceutical R&D, published in August 2015. These molecules are new original drugs that have passed all stages of clinical trials and have been approved by regulators. Office of the Food and Drug Administration (FDA) last year...
The Big Potential Threat for Facebook - 11/09/2015
Facebook users began to place original content less frequently, limiting themselves by comments. This has already become a threat to the business model of the world's largest social network, writes The Wall Street Journal, citing the results of a GlobalWebIndex’s survey. The survey showed that in the III quarter of 2015, only 34% of the social network’s users updated statuses, and 37% shared...
Pharmacists are Trying to Push New Medicines to US Market Through Vouchers - 11/05/2015
US pharmaceutical industry has got a new trend - rising prices for vouchers. Companies like AbbVie and Sanofi are buying them up to accelerate introduction their medicines on the market. These vouchers do not guarantee that US authorities will approve new drugs, yet their value amounts to hundreds of millions of dollars in the secondary market. Office of the Food and Drug Administration (FDA)...
Oil Trap: How Norway Suffered from Dependence on Oil - 11/04/2015
Norway's oil revenues are falling, despite devaluation of the Krone and ramping up raw materials production. Oslo is preparing to dive into National Welfare Fund. Politicians demand the country to stray from the resource development model. Net profit of the Norwegian government from its oil and gas assets decreased by 13% in January-September 2015, compared to the same period last year - from...
UAVs on Air: Why Use Drones in Retail Shipments - 11/02/2015
In the footsteps of Amazon and Google, Wal-Mart is preparing to launch the goods delivery using UAV. Commercial use of drones can bring $ 82.5 billion to the US economy in 10 years. Yet, so far the new industry have been stumbling across state regulators. Last week, the world's largest retailer Wal-Mart ($ 485.65 billion turnover by the end of 2014) asked for permission to test unmanned aerial...
Italians Have More Confidence in Eurozone Economy than Germans - 10/30/2015
Last batch of statistics on Eurozone’s consumer confidence proved to be very diverse and presented a lot of surprises. The composite index of business and consumer confidence in the Eurozone in October was at the level of 105.9 points against 105.6 points a month earlier, according to the European Commission. The October value of the indicator was the highest since June 2011, as in the previous...
Chinese Companies Team Up Solar Energy Generation and Agriculture - 10/28/2015
This year, China may overtake Germany and become the world's largest installer of solar panels. However, as companies increasingly need to expand land plots for solar farms, they have to turn to innovative solutions: everything is grown beneath solar-cell arrays - from plants to hairy crabs. This helps companies get around government restrictions on the conversion of agricultural land, enlist...
Japanese Car Producers Can be Pushed Out From Their Leading Positions - 10/27/2015
The days of "cheap and cheerful cars," such as the Honda Civic and Toyota Corolla, may be numbered. They will be replaced by unmanned vehicles developed by Google and Apple, said the Japanese car designer Ken Okuyama, who has developed looks of Ferrari F60 Enzo and Porsche Boxster. In his interview to Reuters, Okuyama believes that changing driving technology also can threaten Japan's position as...
Bitcoins Became Equivalent to Other Currencies - 10/22/2015
The European court ruled that exchange of the traditional currency for Bitcoins should be exempted from value added tax (VAT). The corresponding decision was published on 22 October at the site of the court. According to the court, Bitcoin and other transactional cryptocurrency should be treated in the same way as ordinary money. The Court considered the issue of Bitcoins exchange taxation in...