Chad court fined Exxon Mobil $ 74 billion. This amount is equal to a five-year GDP of the African country. According to Bloomberg, court in the Chadian capital N'Djamena granted claim of the Ministry of Finance, which accused Exxon Mobil’s consortium of tax evasion. The court decided that the American company has to pay compensation in the amount of $ 74 billion, with an additional pass $ 819...

British telecommunications company TalkTalk will have to pay a fine of 400 thousand pounds (more than $ 500 thousand) for having failed to prevent cyber-attacks directed against the company in 2015. This decision was announced by The Information Commissioner's Office (ICO). According to Reuters, the regulator believes TalkTalk had to take preventive measures to protect data of its customers....

South Korean Samsung Corporation agreed to acquire American company Viv Labs, a developer of artificial intelligence programs. Viv Labs is a startup of developers of Siri voice assistant. In 2010, Apple Corporation bought Siri, and has been installing the software on its devices since then. Viv Labs has developed another voice assistant software called Viv, and presented it to the public this...

German airline Air Berlin will take part in negotiations between TUI Group and Etihad (holder of 29.2% share in the Berlin carrier) for possible establishment of a new European air carrier to operate on resort destinations of the continent. Meeting of board of directors is scheduled on 26 October. The managers will be discussing merger of Air Berlin’s Austrian subsidiary NIKI company with TUIfly...

Dutch financial conglomerate ING Groep plans to cut about 7 thousand jobs, and invest heavily in its own digital platform to save about 900 million euros ($ 1 billion) for the year, reports Reuters. The layoffs will affect a little less than 12% of ING’s workforce, which now consists of 52 thousand people. This reduction will be the largest for the company since 2009, when ING had to restructure...

According to The Wall Street Journal, citing sources familiar with the situation, the US chip makers Qualcomm and NXP Semiconductors from Netherlands are negotiating a merger. The deal could be worth $ 30 billion. The negotiations are at an early stage, and NXP Semiconductors could find another buyer. Purchase of NXP Semiconductors could help Qualcomm diversify its business and improve its...

General Director of Nissan Carlos Ghosn said that the company wants to know conditions of the UK’s secession from the EU. If the parties introduce additional trade surcharges between the UK and the EU, the automaker may claim a compensation from the British authorities. Other automakers are also concerned about uncertainty associated with after-Brexit terms of trade between the UK and the EU....

Net loss of Canadian smartphone maker and software developer BlackBerry on the results of II quarter of 2016 fiscal year (June 1 to August 31) was $ 372 million against a profit of $ 51 million for the same period in the last fiscal year. The company's revenue for the period decreased to 31,8% from $ 490 to $ 334 million compared to II quarter 2015 fiscal year, while surveyed by Bloomberg...

Deutsche Post DHL Group reached agreement on acquisition of UK Mail Group for 242.7 million pounds ($ 315.5 million) to strengthen its position in the UK market, says the German company. Under the deal, shareholders will receive 440 pence in cash for each share of UK Mail. Deutsche Post, Europe's largest postal company, said that the proposal provides for a premium of about 43% to price of UK...