Shares of Snap Inc. rose sharply on Friday, offsetting last week’s decline as investors praised its financial report.
Key Snap figures for the 1st quarter of 2021
The Antimonopoly Committee of Ukraine (AMCU) has fined four companies a total of over ₴19 million for engaging in anti-competitive collusion during public procurement tenders, the committee’s press service reported. On October 2, the AMCU issued two decisions regarding violations of competition law by Hospodar-2 LLC and Demsey PE, as well as Pharmedis LLC and […]
OPEC+ has agreed to increase oil production by 137,000 barrels per day beginning in November, according to a statement from the organization’s press service. The adjustment will be implemented within the framework of the voluntary production cuts of 1.65 million barrels per day, which the alliance announced in April 2023. The official document states: “This […]
Eight OPEC+ countries are expected to agree on an increase in oil production at a meeting on Sunday, as the group’s leader, Saudi Arabia, pushes for a significant hike to regain market share, while Russia advocates for a much more modest rise. Reuters reported this on Saturday, citing four sources familiar with the discussions. The […]
Hungary has signed an agreement to purchase 4 billion cubic meters of liquefied natural gas (LNG) from French energy company Engie, Foreign Minister Péter Szijjártó announced. “We have signed the longest-term contract for LNG deliveries to Hungary: starting in 2028, we will buy 4 billion cubic meters of gas over 10 years from the Engie […]
EU leaders have so far been unable to reach an agreement on the European Commission’s proposal to provide Ukraine with a €140 billion “loan” backed by frozen Russian assets, Financial Times reports. At an informal EU summit in Copenhagen on October 1, Belgium refused to support the initiative, while France and Luxembourg raised concerns about […]
Xiaomi has announced record-breaking results: in September 2025, the company surpassed 40,000 vehicle deliveries in a single month for the first time in its history. Initially, Xiaomi planned to sell 300,000 vehicles in 2025, but later Lei Jun raised the target to 350,000. Now, given the current sales momentum, the company may reach this milestone […]
This year, Russia is selling gas to China at a nearly 40% discount, according to The Moscow Times, citing data from Russia’s Ministry of Economic Development. In the ministry’s baseline forecast, the average price of Russian gas for exports to distant foreign markets (excluding China)—namely Turkey and the remaining European countries—will amount to $356.7 per […]
BMW has announced a major recall due to a defect in the starter that could potentially cause a fire. According to Carscoops, the campaign affects hundreds of thousands of vehicles worldwide, including about 200,000 cars in the U.S. and 136,500 in Germany. The models at risk were produced between September 2015 and September 2021. In […]
During the first six months of 2021, the Ministry of Finance attracted UAH 257.8 billion in loans or 76.6% of the plan from the state budget. This was reported on the website of the department on Friday, July 2. UAH 211.4 billion was attracted to the budget from the placement of IGLBs, including UAH 59.7 […]
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Last week, on Wednesday, November 25, 2015 Andre Esteves, the founder of the Brazilian investment bank BTG Pactual, was taken into custody in the framework of an extensive investigation of bribery. It is known that large Brazilian construction firms are involved into the scandal and another defendant is a state oil company Petroleo Brasileiro SA. […]
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Tesla Inc. of Elon Musk will export Model 3 electric cars made in China to Europe. This was reported by the Interfax-Ukraine news agency with reference to the company’s statement. The first batch of 7,000 cars will be shipped from the port of Shanghai on October 27. They are expected to reach the Belgian port […]
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Savvy entrepreneurs use these strategies to ensure every business partnership is a match made in heaven. Great businesses are founded on great partnerships. But great businesses can also be destroyed by bad partnerships. These entrepreneurs—and members of The Oracles—share their hard-won wisdom about what to watch out for before joining forces with a business partner. […]
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The coronavirus pandemic has allowed Ukrainian pharmaceutical companies to enter new world markets – the EU and Asia. The head of the board of Darnitsa Group Dmitry Shymkov in an interview stated this with the executive director of the European Business Association Anna Derevyanko. In particular, the shortage of medicines arose due to the fact […]
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Radekhivskyi tsukor company, which is the largest producer of this product in Ukraine, has closed a deal to acquire 6 sugar factories previously owned by the company T-Tsukor. We are talking about: Borshchivskyi, Buchatskyi, Zbarazhskyi, Kozovsky, Lanovetskyi and Khorostkovskyi sugar factories, which are located in the Ternopil region. It is reported by the source delo.ua. […]
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Last year, the Commercial Court of Kyiv initiated a suit of the SANOF I company to the State Intellectual Property Service of Ukraine and to the “Kyivmedpreparat”, PJSC about completely voidance of Certificate of Ukraine on sign for the goods and services № 187104. The object of dispute has become a “SONAFІT” trademark registered company […]
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Shares of Starbucks recovered from losses of February and March due to the pandemic and rose by 19.7% over the past 6 months. But shares fell again after the publication of the quarterly report, which ended September 30. Starbucks revenue and profit for the 4th quarter of fiscal 2020 showed a strong jump in growth […]
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The global tourism industry could lose 120 million jobs due to the COVID-19 coronavirus pandemic. This was stated in a video message by UN General Secretary Antonio Guterres. According to him, tourism has become one of the sectors most affected by the pandemic, and no country has been unaffected by the sharp decline in international […]
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Avellana Gold Ltd. has become the owner of PJSC Carpathian metallic mineral company. Interfax-Ukraine has informed about it. According to information, placed on the website, the foreign holding also invests about 400 million dollars in the development of an industrial complex. The agreement on investment attraction was signed on November 16,2016. Other details of the […]
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Large manufacturers of kitchen appliances announced about the cancellation of the contract, according to which Electrolux was going to buy a part of General Electric. US regulators filed a claim to court in the summer of 2015 with the requirement to cancel the transaction between the companies (the amount of which was $ 3.3 billion), […]
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The Tesla Motors will conclude the bargain with the Grohmann Engineering GmbH complex. The representatives of the American company which are engaged in a construction of electro cars intend to redeem 100% of the systems European developer shares for batteries release. They are going to close the deal until the end of 2017. The cooperation […]
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International Company – manufacturer of optical equipment and lenses Essilor International S.A. will buy the Italian company – the manufacturer of glasses Luxottica Group S.p.A., which owns the brand Ray Ban. The acquisition price is $ 24 billion. About the transaction has informed agency Bloomberg L. P. in the early part of the week on […]
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Elon Mask’s company has applied to the Federal Communications Commission (FCC) for permission to connect cars, trucks, cargo ships and aircraft to its network of fast-growing Starlink Internet satellites. This is what Verge says. The completed document states that SpaceX is requesting a comprehensive license to operate Starlink terminals on so-called “mobile ground stations, which […]
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Amazon is beginning the expansion in the fitness tracker market with the release of its first Halo fitness tracker and fitness app. The offer from Amazon will compete with the existing world leader in the device market – Apple’s smart watch – Apple Watch, with a fitness tracker and a smart watch from Fitbit, which […]
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Shares of Peloton, which rose nearly 346% since the beginning of the year, rose 2% during trading on Friday after the company published the results of the first quarter of fiscal 2021, which ended September 30. Peloton, which went public a little over a year ago, reported earnings per share for the second quarter in […]
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