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...

The world's largest brands have lately been increasingly complaining that it is very difficult to convince young consumers to remain faithful to one brand. Earlier, buyers preferred to buy familiar and well-established brands. Now, however, young people are increasingly trying something new. Therefore, it is more and more difficult for companies to sell their goods and services. Nevertheless,...

PayPal Holdings Inc is looking for new acquisition options after the recent takeover of iZettle, which became the largest deal in the history of the American payment company, Reuters reports. "We have a healthy balance sheet and we are ready to work on buying more companies," said PayPal President and CEO Dan Schulman in an interview with the German newspaper Handelsblatt. PayPal is ready to...

The EU authorities are planning to organize international negotiations with the world's largest automakers to develop a compromise plan that would help prevent introduction of strict import duties on cars and auto components in the United States by Donald Tramp. In the US, economists warn that imposing duties can hit the economy of those American states that once voted for Mr. Trump in the...

The Norwegian Equinor (ex-Statoil) and the country’s government agreed on development of new deposits at the Troll gas field, which is now Europe's largest. The $ 1 billion project should support production on the Norwegian shelf and partly solve supply problems in Northwest Europe, which were exacerbated by the closure of the Groningen field in the Netherlands. But Norwegian gas production will...

The audit company PwC is obliged to pay compensation in the amount of $ 625.5 million in connection with the bankruptcy of Colonial Bank from Alabama in 2009, according to a ruling of the US District Court. PwC auditors were accused of overlooking the largest US mortgage fraud scheme involving the bank and Taylor, Bean & Whitaker (TBW), one of the leading mortgage underwriters in the US. PwC...

German Thyssenkrupp and Indian Tata Steel Ltd. reached a final agreement on establishment of a European steel company, in which they will own equal shares, reports Bloomberg. The proposed name of the new company is Thyssenkrupp Tata Steel B.V. It will be focused on the production of high-quality sheet steel, according to a joint statement of the companies. The transaction must be approved by...