German Volkswagen announced start of its second large-scale recycling program for old diesel cars. When buying cars of Volkswagen, Audi, Seat or Skoda brands, owners of old diesel cars of any brands are offered two discount options, one of which is completely new, reports Deutsche Welle. According to the company, the first stage of the program, which lasted from August 2017 until June 2018,...

In 2017, French security printer Oberthur Fiduciaire announced the purchase of VHP, a banknote paper production plant that previously belonged to Sequana. Already then analytics said that the deal was deemed to become a win-win partnership. A year after, their forecasts are coming true. Both companies are not newcomers to the market. Oberthur Fiduciaire is more than one and a half centuries old,...

Saudi Aramco, the state-owned oil company of Saudi Arabia, announced resumption of operation at the Yanbu terminal on the west coast of the country and increased its export capacity by 3 mln bpd. "After completing a comprehensive rehabilitation and modernization program, the southern terminal Yanbu added 3 mln bpd of crude to Saudi Aramco’s export capacity," the Saudi Arabian oil giant said in a...

Moody's rating agency published a report in which it points to lacunae in the European financial system. Besides, the report also draws attention to the sovereign parties. According to Moody's, Europe is “not ready to face a new strong braking that will be a test for the financial system in any case.” And this is despite the fact that “after the last recession, issuers have benefited from...

Head of Pershing Square Capital Management told about acquisition of a large stake in Starbucks coffee shops at a conference in New York. In total, Ackman acquired 15.2 million securities worth about $ 900 million (at a price of $ 51 per share). According to the manager, value of Starbucks securities will more than double over the next three years. Speaking at Grant’s Fall 2018 conference, held...

Chinese Internet giant Tencent Holdings Ltd dropped out of the list of the ten largest companies in the world, losing about $ 220 billion in market value this year. Tencent shares have been getting cheaper for the ninth session in a row - this is a record for duration of the continuous price fall period: on Wednesday, the shares fell 1.9% to 288.2 Hong Kong dollars. On the eve, the value fell...

Watch and jewelry brands are gradually refusing old advertizing ways of presenting new products. In recent years, two Swiss watch fairs and salons — Baselworld in Basel and SIHH in Geneva — have empty spaces in their pavilions. After the gradual departure of Dior, Hermes, Boucheron, Faberge, Ulysse Nardin and Girard-Perregaux, it was time for the huge Swatch Group, which took 18 brands and a...

Unilever, one of the world's largest producers of consumer goods, on Friday announced that the company refused its plan to merge British and Dutch operating companies against the backdrop of opposition from a number of major shareholders. Earlier it was planned that Unilever would simplify the corporate structure and merge the two currently existing independent structures - the Netherlands...

American cable operator Comcast Corp. will receive more than 75% of the shares of British Sky, after completing a deal to acquire a 39% stake in the company from 21st Century Fox Rupert Murdoch, Comcast said in a statement. On October 3, Comcast reached an agreement to buy Sky shares from 21st Century Fox, or about 39.12% of the British company, at £ 17.28 per share. The total amount of the...