Huawei is the third largest smartphone manufacturer. By 2021, the company wants to become the market leader, ahead of Apple and Samsung. There are grounds to hope for such a development of events as the company has already managed to sell more than 100 million smartphones since the beginning of the year. Head of Huawei's consumer division announced that the company has already managed to sell...

Net profit of the Swedish automaker Volvo increased by 43% to 15.18 billion Swedish kronor (about $ 1.711 billion) in the first half of 2018, according to the automaker. Earnings per share rose to 7.31 Swedish kronor ($ 0.8) from 5.11 Swedish kronor ($ 0.6) a year earlier. In annual terms, the company's revenue increased by 16.9% to 192.767 billion kronor ($ 21.734 billion). In the second...

Boeing proved to be more optimistic than Airbus in forecasting the demand for planes until 2037. The American company expects that 42.7 thousand new aircraft worth $ 6.3 trillion will be needed in 20 years. Its European counterpart believes that the world will need 37.3 thousand aircraft worth $ 5.8 trillion. At the same time, the companies are segmenting the market in different ways. Experts...

Anglo-Australian mining company Rio Tinto said that its supplies of iron ore from Australia in the II quarter increased by 14%. This is reported by Reuters. The company expects its annual iron ore supply will be at the upper boundary of the target range of 330-340 million tons, due to increased productivity and fewer weather-related failures compared to the same quarter last year. The volume of...

The European manufacturer is working on a major agreement with two Asian air carriers: AirAsia and StarLux Airlines. The result of negotiations can be transactions totaling $ 29 billion. According to Bloomberg, referring to its own sources, Airbus is working on a "blockbuster" agreement with AirAsia's largest carrier for the sale of aircraft for $ 23 billion. In addition, Airbus is close to an...

Consulting company BCG has presented the jubilee, twentieth issue of its Value Creators Report, in which companies are ranked based on the aggregate shareholder income for the previous five years (2013-2017). And according to this rating, the greatest profit for these years was received by those who invested in the world leaders of IT and media industry. Those who invested in securities of the...

German Allianz is one of the main insurers of the FIFA World Cup. Yet, the company missed an excellent opportunity to earn on the national team’s fail at the World Cup. Before the start of the tournament, retailers in Germany offered various promotions and prizes that customers could receive if the German national team retained the title of champion. And they turned to Allianz for insurance to...

The EU antitrust regulator has promised to impose a fine in the amount of several billion euro on Google. The watchdog believes that the search giant is promoting its services using the Android operating system, thereby abusing its dominant position in the market. It is expected that the EU antitrust regulator will decide that Google, which is part of Alphabet Inc., has illegally abused...

Benchmark crude oil rose in price on Tuesday, while the growth rate of Brent prices increased against the backdrop of a strike of oil workers in the North Sea. The strike reduced production in the Norwegian shelf for the first time in six years. However, the market expects a further decline in commercial oil reserves in the US: according to analysts surveyed by Bloomberg, they fell by 3.88...