Instagram now supports videos more than an hour. Will the service be able to attract users who are accustomed to YouTube in the struggle for the multibillion-dollar video advertising market? In the fight for the growing mobile video market, Instagram launched a new function IGTV with video clips up to an hour. IGTV (short for Instagram and TV) is a new application for viewing long videos. Apart...

The manufacturer of electric vehicles Tesla Inc. will partially curtail its business of selling and installing solar panels, which was bought two years ago. This is reported by Reuters with reference to internal documents of the company and its former and current employees. Last week, Tesla announced a reduction of about 9% of employees, as the company seeks to reduce costs and become profitable....

Shares of the American conglomerate General Electric (GE), capitalization of which was the largest on the US and world market company at the beginning of this century, will be removed from the Dow Jones Industrial Average, said S&P Dow Jones Indices. GE was the last company to be in the DJ since its inception in 1896; it has been included in the index almost all the time except for a short period...

ExxonMobil Corp, the largest gas supplier in southeastern Australia, is considering a possibility of opening of LNG (liquefied natural gas) import to overcome the impending shortage of gas from 2021 and keep its share in the market, Reuters reports. AGL Energy, the second largest energy seller in Australia, plans to open LNG import by 2021. A consortium involving Japanese JERA will start...

The US Justice Department said that it will not appeal against the court decision, which authorizes the merger of the telephone giant AT&T and cable corporation Time Warner. After that, AT&T announced completion of its deal with Time Warner, which should significantly increase competition on the global media market in the face of the growing influence of new content producers such as Netflix and...

SoftBank and the Government of India are expected to enter into an official agreement shortly after final agreements have been reached. It is expected that the company will invest through a fund supported by the government of Saudi Arabia, NHK specified. Saudi Arabia is the largest investor in the SoftBank Vision Fund, which raised more than $ 93 billion last year. In 2015, SoftBank promised to...

Japanese Toyota Motor Corp agreed to invest $ 1 billion in the Singapore online taxi order service Grab as the lead investor in the current round of financing the company, Reuters reports. This is the largest amount ever invested by an automaker in an online taxi order service, Grab said in a statement. Previously, the Japanese SoftBank Group Corp and the Chinese taxi service Didi Chuxing...

The number of defaults on corporate bonds in China is expected to reach a new high in 2018 amid tightening of measures within the framework of Beijing's debt reduction program. This is reported by Caixin. "The risk of default has grown because of more stringent regulation, and investors should be fully aware of the possibility of a vicious circle caused by the credit crisis and the deterioration...

International taxi and logistics service Gett closed another $ 80 million investment round from Access Industries, Baring Vostok, MCI and Volkswagen Group. The company expects to become profitable in the first quarter of 2019. Given that Gett planned to attract way more investment, it seems that the service may refuse to seriously compete with Uber, the market participants say. The main...