On Tuesday, the Hong Kong police detained 21 Uber drivers. All of them were arrested for providing taxi services without an appropriate license or third-party insurance. Uber has already stated that it will provide legal assistance to drivers, and that the company has an existing insurance agreement with AIG Insurance. Uber keeps meeting opposition of authorities in different parts of the world....

Leading chemical corporations - American Huntsman and Swiss Clariant - agreed to merge equals by exchanging shares. The deal will create a chemical giant with a total value of about $ 20 billion including debts. As press services of the both companies reported today, the boards of directors of Huntsman and Clariant unanimously supported signing the final agreement on the merger of equals by...

Aston Martin may begin preparations for an IPO in 2018, reports Bloomberg referring to informed sources. According to one of them, the company is summing up results for 2017 before choosing consultants to start the procedure of primary placement. The listing can be held in London. The sources specify that the final decision has not yet been taken, and the company may delay implementation of this...

Recently, Apple has become the first American company with capitalization exceeded the $ 800 billion mark. This news inspired rumors that release of the alleged "thousand dollar-worth" iPhone 8 will make Apple’s market cap rise to 1 trillion dollars. Since the beginning of the year, the company's share price has been on the rise, and sales of the iPhone were also doing well. It seems that Apple...

It looks like the world's oilfield services companies are quitting the period of stagnation. In the period from 2014 to 2016, oilfield services companies significantly reduced the number of employees. On average, about 35%, or about 300,000 employees of the world's 50 largest oilfield service companies, were forced to leave the oil and gas industry as a result of a protracted recession. Despite...

On Thursday, Brazilian energy company Petrobras published financial reports for the first quarter, and it turned out that the company's financial results were the best in the last two years. Net profit of Petrobras was 4.45 billion Brazilian real ($ 1.42 billion) against a loss of 1.25 billion reais ($ 500 million). The results also significantly exceeded analysts' expectations, who predicted an...

The EU can change rules of regulation for online taxi service Uber, reports Reuters. Uber provides transport services and must have an appropriate license, the statement of the European Court says. "The electronic platform Uber, being innovative, at the same time falls into the sphere of transport. Thus, it may be necessary for Uber to obtain the necessary licenses and permits in accordance...

Over the past few months, Snap, which runs popular mobile app Snapchat, signed content agreements with a number of media holdings - Vertical Networks, Turner, NBCUniversal, A + E Networks, ABC, ESPN, Discovery, BBC, Vice Media, NFL and Metro- Goldwyn-Mayer, writes WSJ. In addition, Snap is reportedly in talks with Fox and CBS, told the publication’s sources. Apart from that, the company is going...

On Wednesday, Toyota Motor Corp. reported the first in the past five years’ decline in annual net profit - its volume decreased by 20.8%. The concern managed to increase auto sales, however, rising costs and appreciation of the yen did not allow the company to achieve positive net profit dynamics. Toyota Motor was unable to increase its net profit for the fiscal year for the first time in five...