The Saudi Arabian Sovereign Public Investment Fund (PIF) will acquire a $ 400 million stake in the US Endeavor, the world's largest agency for hiring show business representatives. This is reported by Bloomberg referring to sources familiar with the situation. According to the agency's interlocutors, the deal is scheduled to close on March 19, the day before Saudi Crown Prince Mohammed bin Salman...

This summer can become a point of no return for Tesla. The manufacturer of electric cars made a bet on the mass market, investing in the Model 3 billion dollars, but these investments have not justified themselves so far. The company continues to lose an unacceptably high volume of funds, and it is impossible to reach a sufficient level to generate profit - the terms of its achievement have been...

While the Italian airline Alitalia, which commenced the bankruptcy procedure in the last year, is still trying to survive, its competitors are already fighting for its place in the sky. According to Bloomberg, several international players from Europe and the Middle East, are ready to take on Alitalia’s flights. Among the applicants for the assets and flights of the airline are Qatar Airways,...

Theresa May's government is in limbo and is becoming less popular with the British. The cabinet of conservatives got another unexpected blow as the British-Dutch company Unilever announced a decision to move its headquarters from London to Rotterdam and change is British citizenship for European. However, this is only the beginning of a big outcome of big business from the UK on the background of...

The SEC (Securities and Exchange Commission) yesterday released a decision on the fraud case opened against top managers of the scandalous biotechnological start-up Theranos. According to the American oversight agency, the founder Elizabeth Holmes and the ex-president of the company Ramesh (Sunny) Balwani intentionally misled investors, which allowed to attract about $ 750 million of investments....

The American children's items and toys chain Toys R Us announced that it is going to liquidate its business in the United States. Thus, the remaining 735 stores Toys R Us will be closed, and more than 30 thousand employees of the company will lose their jobs. Toys R Us filed for bankruptcy in September last year; since then it has not been able to find a buyer for its business or to restructure...

Twitter is perhaps the most popular microblogging service in the world. This social network allows exchanging short (no more than 280 characters) messages. At the end of 2017, Twitter had 330 million active users. One of the Twitter stars is US President Donald Trump. In an effort to communicate their thoughts directly to the world because of pressure from the media and the dissemination of false...

The popular American cryptocurrencies trade platform Coinbase announced launch of the Coinbase Index Fund. The new tool will allow investors accredited in the US to work with all already existing and future assets in the framework of the GDAX exchange. Coinbase Index Fund will enable investors to watch performance of the digital assets class in general. In other words, they won't have to choose...

Chief Executive Officer of Kobe Steel Hiroya Kawasaki will resign in connection with the scandal about the falsification of data, which shook the Japanese manufacturing industry last year, reports Nikkei. The third largest steel company in Japan, which supplies its products to automotive, airplane and train manufacturers around the world, last year admitted falsification of data on its products,...