American film studio Paramount Pictures signed a partnership agreement with Chinese companies Shanghai Film Group and Huahua Media, for which the movie maker will receive $ 1 billion investments over three years. According to The Wall Street Journal, the investors will help the studio distributing its movies in the Chinese film market, the second largest in the world after the United States....

App publishers received $ 35 billion in revenue in 2016 thanks to App Store and Google Play. The figure climbed up by 40% compared to 2015, as follows from annual report of App Annie market research firm. The growth rate was 50% in App Store; nearly half of money came from China. Total time spent in applications increased by a quarter and amounted to 900 billion hours. Last year, mobile...

US oil and gas company Noble Energy agreed to buy its competitor Clayton Williams Energy for $ 2.7 billion, said Noble Energy in a statement. The deal will allow the company to increase its presence in promising shale basin Delaware, located in the south of the United States, which is part of a larger Permian Basin in Texas. The deal is about buying plots with a total area of almost 23 thousand...

According to research firm Gartner, PC sales fell by 6.2% in 2016, the fifth consecutive year of slumping. IDC’s report posted yesterday confirms this data. In the company’s estimates, sales fell by 5.7%. However, the experts are optimistic. They believe that since the market of smartphones and tablets is slowing down and need to update old PCs is growing, the computer market may cheer up....

In the first week of the year, The Bank of Mexico spent on supporting the national currency about $ 2 billion. According to the regulator’s statement, the country's international reserves fell to $ 174.72 billion on 1 to 6 January. "The reserve decreased by $ 1.81 billion, mainly due to sale of US currency", - said the Bank of Mexico on Twitter. The regulator was forced to start currency...

Detroit automakers are cutting production in the I quarter of 2017 in response to cooling demand and changing customer preferences. GM, Ford and Chrysler announced that their plans to shut down some factories for up to three weeks in January. Typically, assembly plants stop work for one or two weeks during the winter holidays. The extended suspending period is an attempt to release stocks of...

Analyst firm FlightStats presented its annual rating of the most punctual airlines. The paper’s authors say that 2016 was the best in terms of compliance with corporate schedule. Flights were delayed less frequently, and KLM and Iberia were recognized the most punctual international air carriers. The indicator of compliance with schedule is no less important than quality of in-flight services, or...

Industrial automation jeopardizes about 15 million jobs in the UK, which may disappear in the next twenty years. Institute for Public Policy Research UK held a study. The paper suggests that the human factor in the economy is now endangered, as human labor is the most important factor of production. The report’s author Mathew Lawrence report believes that introduction of new technologies, such...

In 2016, US companies earned more money and were more economically profitable than others, as follows from Handelsblatt’s rating. Handelsblatt’s list of the world’s most valuable companies by stock market capitalization shows that 58 of the top 100 companies are located in the US. The first 13 feature no country but America, and there hasn’t been better demonstration of microeconomic forces yet....