Coca-Cola acquired the largest British chain of coffee houses Costa Coffee for $ 5 billion. This transaction reflects Coca-Cola’s desire to enter a new coffee market, as well as a broader trend - the desire of soft drinks producers to seek new directions of activity due to a decrease in popularity of traditional sweet drinks. The American beverage producer Coca-Cola Company announced purchase of...

Facebook launches worldwide Watch service, through which users can publish their videos, track their popularity and earn money on them. Facebook has announced global launch of Facebook Watch service, which will compete with YouTube, the largest Internet video platform. Facebook Watch is available worldwide from Thursday, August 30, according to a press release released on August 29 by the social...

Apple acquired the start-up Akonia Holographics, which develops holographic displays for AR-glasses. Initially, the startup specialized in holographic data storage. However, later the company reoriented to holographic displays for AR glasses. Apple confirmed purchase of the company, but declined to comment further. "Apple sometimes buys small companies, and we usually do not discuss our goals and...

China warned Australia that its recent decision to ban Huawei and ZTE Corp from supplying technological equipment for the new generation 5G mobile networks will have a negative impact on the Australian business. This is reported by the Asia Times. The Chinese state media went even further. The Global Times publication accused Canberra of "hitting China in the back," and the China Daily described...

Back in 2015, Royal Dutch Shell Plc and BP Plc expressed doubts about the future of rapidly drying oil fields in the North Sea. Now, these fears are fueled by collapsing oil prices and high production costs of Norwegian oil. In this situation, it is not surprising that the British oil giants began to wind up their work in Norway. Now they are joined by other major oil companies, such as Exxon and...

Baidu Inc.’s subsidiary company, operating in the financial services sector, has obtained a license to sell mutual funds. The license is expected to help the company reduce the gap in competition in the fast-growing financial and technological sector, Caixin writes. The license notice was published on the website of the Beijing branch of the China Securities Regulatory Commission (CSRC) on...

Elections and appointments of all kinds are approaching in the united Europe, and so the next year will be hot in the political sense. Analysts expect a keen struggle for seats in the European Parliament and for leadership in all-European organizations. Any member of the European Union can apply for them, but only European heavyweights have real chances. The German press writes that the Federal...

Elon Musk stirred up the whole world of investment banking services with his message on Twitter about the possible transfer of Tesla to the category of private companies. The fact is that no company of Tesla scale has yet been bought by private investors. Moreover, the standard way to do this, that is, burdening the company with debts of borrowed funds, is not an option for the automaker, since...

The French oil and gas company Total stopped operating in Iran, Iranian Oil Minister Namdar Zangeneh said. "Total officially left the South Pars project, Phase 11," Zangeneh noted. He recalled that the company announced withdrawal from the agreement more than two months ago. Total acted as the leading participant in the consortium for the development of the world's largest gas field. The...