Italian Eni company, together with Norway's Statoil have begun oil production in the Arctic waters of Norway for the first time in the history. Prior to this, developments had been carried out only in the lower latitudes with much less stringent climate. According to exploration, reserves of the Arctic shelf field ‘Goliat’ comprise at least 180 million barrels of oil. First production was delayed...

The total amount of corporate payments to Coca-Cola’s head, the company's board chairman Muhtar Kent decreased by 42% at the end of 2015 - from $ 25.2 million to $ 14.59 million. "We have updated the annual incentive scheme program in order to prove the company's attention to the convergence of the maximum and minimum payments [to employees]. Reflecting the fact that 2015 was a transition for the...

On Wednesday, Amazon online retailer has agreed to lease 20 cargo planes to deliver goods ordered on the company’s website. Thus, the seller laid the foundation for its own service for air delivery of goods. According to experts, lease of 20 aircraft will allow the online retailer to control the delivery of 15% of its parcels. According to the statement issued on Wednesday, American online...

Division for the production of aviation equipment of military-industrial corporation Lockheed Martin has announced the upcoming reduction of 1 thousand jobs. The program, which will take place on a voluntary basis, should help maintain competitiveness of the company, which missed recent large contracts. 1-thousand jobs cut, which accounts for 0.8% of the total number of employees, will affect...

If advertisers break contracts with the Russian tennis player, Maria Sharapova will find herself in danger of losing tens of millions of dollars of secure income. "I made a terrible mistake. I let down the fans. I let down the whole sport, "- said Maria Sharapova on March 7 at an emergency press conference in Los Angeles. The tennis player and her PR-team from IMG sports agency decided to give...

The world's largest travel luggage manufacturer Samsonite buys Tumi Holdings for $ 1.8 billion. The deal will allow Samsonite to strengthen its presence in the premium segment of the luggage market, and Tumi, the main sales which now goes to the US, to step up their presence on their European and the Asian market. On Friday, the world's largest luggage company Samsonite International announced...

As Italian Compagnie Industriali Riunite (CIR) and the Fiat Chrysler Automobiles (FCA) reported yesterday in a joint statement, they decided to merge their publishing assets. The merger, which may give rise to consolidation in the print media market in Italy, will be carried out through an exchange of shares and will, according to its members, form one of Europe's largest companies in the daily...

A private fund The Platinum Whisky Investment Fund, established in June 2014 in Hong Kong, is preparing to pay first dividend, said the fund’s CEO Rickesh Kishnani The fund buys old and rare malt whiskeys. Some time later, when the beverage’s cost increases, the fund sells it. Part of the collection is already for sale, the proceeds will be used to pay first dividend. "We hope to announce the...

2015 annual accounts of one of the largest suppliers of raw materials - Glencore – showed up the weakest for the company since it became public. Net loss triggered by falling oil prices reached almost $ 5 billion. According to the Swiss company's statements of 2015, Glencore’s net loss was $ 4.96 billion against last year's profit of $ 2.3 billion. The profit was reduced by 70% for the year to $...