Markets & Industries
Chinese Scams Fabricate Cryptocurrency Branded JP Morgan - 11/17/2015
Recently, a shady cryptocurrency deal was discovered. The fraud involved JPMorgan bank, under which brand scammers allegedly produced cyber coins JPMCoin, and Morgan Dollars. In a statement posted on the Chinese website of the bank, JPMorgan has denied any involvement in a virtual currency, the Chinese distributed among users of social networks: "JPM Coin is not affiliated with JPMorgan Chase,...
Economic Impact of the Terrorist Attacks in Paris - 11/16/2015
The attacks on November 13 in Paris that killed 129 people, could seriously affect the French tourist industry, which is crucial to the country. "There will be difficult times for tourism. The sector is going to suffer ", - Reuters quoted Head of the consulting agency MKG Group Georges Panayotis. France is the world leader in the number of foreign tourists. According to the World Tourism...
What if Maple Syrup Producers Follow OPEC's Footsteps? - 11/13/2015
The Federation of Quebec maple syrup producers (FPAQ) tries to control their product’s price almost the same way as OPEC does with oil. All syrup producers in the province must belong to FPAQ (otherwise, their production will be confiscated). The organization’s members are limited by specific output norms, or quotas. Any surplus of syrup comes into FPAQ warehouses. Farmers are paid only when the...
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...
