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Venture capital and technology companies attracted $40 billion in investment in 2018

Financial and technology venture capital companies attracted global investment of $39.57 billion in 2018, Reuters reports. This is 120% more than the rate of 2107 years. The number of deals rose to 1,707 units from 1,480 in 2017. More than ...
30.01.2019

A banking giant will appear in the UAE

The merger of the three financial organizations will lead to the creation of the fifth largest lender in the region. The size of the assets will reach $114 billion. Abu Dhabi Commercial Bank (ADCB), the Union National Bank (UNB) and Al Hilal ...
30.01.2019

Ryanair increased its share in Austrian LaudaMotion to 100%

Irish low-coster Ryanair received 100% of the Austrian airline LaudaMotion. The deal was completed in December, LaudaMotion reports in a message. The company confirmed the purchase of a 100% stake of its shares by low-cost airline Ryanair. ...
30.01.2019

Pfizer reduced profits by half in 2018

Pharmaceutical company Pfizer reduced its net profit in 2018 by half to $11.153 billion, according to financial statements. Earnings per share fell to $1.87 against $3.52 for the earnings period last year. The company's revenue rose 2% to $53.65 ...
30.01.2019

Xerox increased its net profit 2 times in 2018

Net profit of American Xerox increased 1.85 times in 2018 and amounted to $361 million, according to the company's financial statements. Earnings per share rose to 1.38 dollars from 0.7 dollars in 2017. Xerox reduced revenue for the earnings ...
30.01.2019

The employment rate in Spain rose to a record level in the last 10 years

Unemployment in Spain has fallen to a record low in the last 10 years, the Spanish Statistical Office (INE) reports. In the last quarter of 2018, the unemployment rate in the country dropped to 14.45% from 14.55% in the previous quarter. The ...
30.01.2019

Swiss watch exports rose 6.3% in 2018

The supply of watches from Switzerland in December 2018 decreased by 2.8%, but increased over the year by 6.3% to 21.2 billion francs. In November, there was an increase of 3.9%, according to the Federation of the Swiss watch industry. Over ...
30.01.2019

Consumer confidence growth in France exceeded forecasts In January

French consumers showed an increase in confidence in the country's economy in January 2019. The index increased from 86 points in December, the lowest since November 2014, to 91 points in December. It was expected that the index would grow ...
30.01.2019

Philips increased revenues by 2% in 2018

The revenue of the Dutch company, Royal Philips NV, has reached figures predicted by analysts. The company will increase its annual dividend by 6%, as well as will launch a new program to buy back shares worth 1.5 billion euros. In 2018, Philips ...
30.01.2019

Gold price is rising in anticipation of a slowdown in the US interest rate growth

Investors expect the United States Fed to announce a slowdown in rate growth this week. Against the background of this news, gold prices are rising. The price of the February futures rose by $3.35 or 0.26% and exceeded $1,300 per ounce. March ...
29.01.2019

The volume of global air transportation will rise to 8.2 billion in 2037

The International Air Transport Association (IATA) predicts a two-fold increase in global passenger traffic to 8.2 billion people, China Daily reports. The volume of China's air traffic by 2037 will increase to 1.6 billion people. According ...
29.01.2019

British retailer Tesco will fire up to 15 thousand employees

Tesco PlC, UK's largest retailer, plans to close fish, meat and cooking departments in 732 stores. The company will replace part of the sellers for vending machines and go to the frozen dough instead of that prepared on the spot. Changes will ...
29.01.2019

British retailers fear that Brexit will lead to higher prices and a shortage of products

British retailers believe that Brexit without a deal will lead to higher prices for products and their shortage in stores, BBC reports. The British retail consortium expressed these concerns in a letter signed by Sainsbury, Asda, Lidl supermarkets, ...
29.01.2019

Germany will abandon the use of coal in the electricity by the end of 2038

The Commission appointed by the Government of Germany proposed to stop using coal in the electric power industry until 2038. Such a solution will help prevent climate change. The commission has been discussing this issue for several months, ...
29.01.2019

Caterpillar increased its net profit 8 times for 2018

One of the largest manufacturers of construction and mining equipment, American Caterpillar Inc., increased profit 8.2 times compared to 2017. Earnings rose to $6.147 billion. Earnings per share were $10.26 compared with $1.26 last year. Revenue ...
29.01.2019

The USA will start deliveries of natural gas to Germany from 2022

Germany will begin to purchase liquefied natural gas (LNG) from the United States after the manner of Poland and the Baltic countries. German energy company, Uniper SE, a partner of Gazprom, announced the signing of a contract with the European ...
29.01.2019

China allowed S & P Global Ratings to access the domestic market

The Chinese authorities have allowed an international rating agency to access their domestic market. S & P Global Ratings creates a subsidiary of S & P Credit Rating (China) Co. in China, the People’s Bank of China said. The National ...
29.01.2019

Apple suppliers expand production outside of China

The contract manufacturer of gadgets, Pegatron, which accounts for about 30% of Apple's orders, expands production outside of China. The company will open offices in Indonesia, Vietnam and India. Pegatron president reports that the pace of ...
29.01.2019

Saudi Aramco to invest $1.6 billion in South Korean Hyundai Oilbank

The state-owned oil company, Saudi Aramco, will buy about 20% of the shares of the oil refining company from South Korea, Hyundai Oilbank. The deal value will amount to $1.6 billion, Reuters reports. Saudi Aramco will buy up to 19.9% of the ...
29.01.2019

ECB: growth in the eurozone will slow in 2019

A survey conducted by analysts at the ECB showed a decline in growth forecasts for the euro area in 2019. Previously, the growth of the EU economy was expected at 1.8% in 2019. The current expert rating was 1.5%. Analysts predict inflation ...
28.01.2019
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