Shares of Toshiba rushed up amid rumors that the Japanese vendor decided on a buyer of its semiconductor unit, reports The Financial Times. Toshiba’s shares started growing after Japanese edition Asahi reported that American chipmaker Broadcom is close to obtaining exclusive rights in the auction for Toshiba's business of producing NAND flash memory chips. It is also noted that in June Toshiba...

French power has never been as effective as a marketing strategy in China but as of now. In almost all of the major cities in this economic power house, the French touch is everywhere to be seen. The number of brands that use French names, boasting of sophistication and refinement, is testimony to the fact. Starting with the most famous luxury to fashion and cosmetics and even car brands adorn...

The Italian authorities are getting ready to recapitalize the Banca Monte dei Paschi di Siena SpA after the European Union and Italian officials have agreed on a draft plan that will include the further restructuring of the world's oldest bank, Bloomberg reports. European Commissioner for Competition Margrethe Vestager and Italian Minister of Economics and Finance Pierre Carlo Padoan reached an...

The rating includes leading public technical companies, which showed a rapid growth in sales over the past three years, combined with projected revenue growth in the next three to five years. This year, the rating’s star was Veeva Systems - a company that showed a noticeable growth of shares thanks to investments of its founder and executive director Peter Gassner. The company is developing...

The leader of the National Assembly of Venezuela threatens Goldman Sachs to refuse to pay $ 2.8 billion worth of bonds recently bought by the American bank. Julio Borges, the leader of the opposition-controlled congress, wrote in a letter to Goldman's head Lloyd Blankfein that "obviously, Goldman Sachs decided to quickly rid the Venezuelan people of suffering": "Given the dubious nature of this...

The French edition El Pais published some details on the road map for the development of Catalonia's independence, leaked from sources in the regional government of Catalonia. The secret document includes a plan for the unilateral separation of Catalonia from Spain, if its citizens fail to hold a referendum on independence this autumn. This caused a fierce reaction from Madrid. Spanish Defense...

Authorities of the US state of Hawaii sued automakers Ford, Nissan and Toyota defected airbags Takata in their cars. This was stated by Steve Levins, the state's director of consumer protection. Steve Levins believes that the automakers have chosen these airbags because of their cheapness, despite the generally available information that ammonium nitrate is an unstable and unpredictable chemical...

Finnish telecommunications equipment manufacturer Nokia and American corporation Apple have settled their dispute over the issue of patent law in the court, reports the Financial Times. Nokia accused Apple that the company used patented Finnish software technology and user interface, but did not license them. The American corporation, in turn, stated that the Finnish company violated 13 of its...

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....