High-tech companies will pay for the place of registration of their content users. The European Union plans to impose a tax on technical corporations in the amount of 1% to 5% of revenue. The tax will be calculated depending on where the main segment of users is located, and not the office of the company. This is reported by the Reuters agency referring to the draft law. From corporations that...

Li Shufu, a billionaire from the Chinese city of Hangzhou bought almost a tenth of Mercedes company. This news excites now not only the German automaker Daimler, who has got a new strategic investor, who concentrated in his hands the largest stake in the concern. The multi-billion investment of the founder of the Chinese company Geely and the owner of the Swedish Volvo can change the alignment of...

The producer company Weinstein Co. is going to file a bankruptcy petition. The company is trying to save its assets from the financial problems that arose when dozens of actresses accused co-founder Harvey Weinstein of sexual harassment, Bloomberg writes. The Board of Directors failed to sell the film studio to a group of investors led by Maria Contreras-Sweet, who ran the US Department of Small...

On Saturday, the European Central Bank (ECB) said that ABLV, the third-largest bank in Latvia, which recently found itself at the center of the scandal after the US Treasury accused it of laundering money, is problematic. The ECB will not conduct the financial rehabilitation procedure for ABLV, because it is not systemically significant, so the bank will simply be liquidated. On Saturday, the...

Fast food restaurants chain KFC faced a real crisis, which forced the management to close a huge number of restaurants in the UK. The problems started with a new logistics company: after the computer malfunction the chickens were left to rot in the warehouse, and the restaurants were empty. The unexpected closure caused a violent reaction from visitors - customers reached the police, demanding to...

The largest by market capitalization bank in Europe recorded pre-tax profits of $ 17.17 billion in 2017 compared to $ 7.1 billion a year earlier. 17 analysts polled by Thomson Reuters, on average, forecast a profit of $ 19.7 billion. These estimates did not take into account the write-off of $ 1.3 billion in 2017, caused by the tax reform in the United States. The lender said it plans to raise...

Airbus SE has promised a profit growth of 20% this year, provided that the company will be able to smooth production problems in the two key aviation programs. The company's shares have shown the maximum growth since 2012, reports Bloomberg. The European Aircraft Corporation completed in 2017 with a record volume of unfulfilled orders and delivered more aircraft than ever before. The company's...

Comcast Corp. returned to t consideration of the purchase of part of the 21st Century Fox assets. Earlier, the cable operator left the negotiations after Fox rejected its offer of $ 60 billion. After that, Rupert Murdoch's corporation agreed to sell its assets to Walt Disney, while the amount of the deal could be 15% less than the one offered by Comcast. According to sources, the choice of a...

Twitter Inc. on Thursday reported on quarterly net profit for the first time ever. At that, the company's results exceeded Wall Street forecasts amid rising sales of video advertising, while the fight against fake accounts led to the fact that the number of users of the social network did not meet expectations, reports Reuters. The company reported in October that it could for the first time make...