Online merchants are blaming Alibaba for taking revenge. They argue that the Chinese giant is vigorously trying to oust competitors from the sector. For this purpose, it is imposing its services, which severely limit independence of companies, so to speak. They refused these services, for which Jack Ma is now retaliating against them. Representatives of five large trading companies complained to...

Elon's undeniable talent in advertising is useless when it comes to organizing large-scale production. The company urgently needs its Henry Ford or Kiichiro Toyoda. Recall actions are standard practice for automakers. Giants of the industry, such as Toyota, can immediately recall over a million cars around the world. However, no one before has sent more cars than the entire annual output to...

Large British companies, including Tesco, Marks & Spencer and Sainsbury's, decided to abandon disposable plastic packaging and shift to recyclable plastic. By 2025, companies, which account for about 80% of the use of plastic packaging in the UK, want to increase the share of recycled plastic up to 75%. More than 40 large enterprises operating in the UK, including Coca-Cola, Sainsbury's,...

American Facebook Inc., which owns the world's largest social network, recorded record profits in the first quarter of 2018 and increased revenue by 49%. American Facebook Inc., which owns the world's largest social network, recorded record profits in the first quarter of 2018 and increased revenue by 49%. Such a strong growth in indicators was not prevented by a scandal associated with the...

Altaba Inc. (former Yahoo! Inc.) will pay $ 35 million to settle claims of the Securities and Exchange Commission (SEC), which considered that the company misled investors, without disclosing the information about the major hacker attack, a victim of which Yahoo! became. "Just days after the hacker attack on Yahoo in December 2014, the security company learned that Russian hackers had stolen the...

Listing on the New York Stock Exchange (NYSE) is looking increasingly attractive to high-tech companies, even though they previously preferred to be placed on the specialized high-tech exchange NASDAQ. Experts note that as the business of former start-ups and now large market players such as Alibaba, Snapchat and Spotify has grown, the management of NYSE has decided to abandon its traditional...

One of the world's largest companies serving the oil and gas industry, Halliburton, reported writing off $ 358 million of investments in Venezuela. This is the last package of funds invested earlier in the oil sector of the Latin American country. The financial director of Halliburton, Christopher Weber, explained the write-off with deterioration of the political climate in the country, as well...

Revenue of the Swiss company Nestle SA in the first quarter of 2018 increased by 2.8% (organically). Consensus-forecast of Bloomberg was 2.5%. The growth in sales of one of the world's largest food producers accelerated in the reporting quarter to 2.6%. The effect of the price increase was 0.2%, which reflects a slowdown in inflation in emerging markets, the company said. Given the positive...

The British business will suffer serious losses if they stop following rules and statutory acts of EU after Brexit. This is stated in a study of the Confederation of British Industry (CBI), representing the interests of 190 thousand companies. Brussels, meanwhile, is preparing for Brexit. From now on, they will publish statistical forecasts, including without taking into account the indicators of...