Leading European airlines, such as Lufthansa, Air France-KLM, British Airways, Iberia, Easyjet and Ryanair, have declared an alliance to fight against the increasing airport charges. The airlines believe that constantly increasing European airports’ taxes are reducing competitiveness of European air carriers. The carriers intend to attain ends by negotiations with the EU authorities, governments...

Number of international tourist visits increased by 4.4% in 2015 and reached 1184 million according to the latest data of United Nations World Tourism Organization (UNWTO).Number of international tourist visits increased by 4.4% in 2015 and reached 1184 million according to the latest data of United Nations World Tourism Organization (UNWTO). In 2015, almost 50 million more tourists traveled in...

Royal Bank of Scotland has recommended to its customers pawning off all bonds, other than high quality. The Bank expects that 2016 will be a period of "disasters" because of low oil prices and problems in China's economy. Royal Bank of Scotland sent out an analytical report for its clients. The institution recommends getting rid of bonds. The bank warned that financial markets are expecting...

According to International Data Corporation (IDC), the world's PC sales in the fourth quarter of 2015 fell by 10.6% compared to the same period in 2014. As a result, last year was the first since 2008 when world dealers sold less than 300 million PCs. According to IDC, 71.9 million PCs were sold in the fourth quarter of 2015, which is 10.6% less than the same period in 2014. In 2015 as a whole,...

North American International Auto Show opens its doors on Monday, January 11, 2016. A high guest of the exhibition will be US President Barack Obama, visiting the show for the first time. While some luxury manufacturers are going to ignore the Detroit auto show, the viewers will find a lot of interesting premiers from Mercedes, Ford and BMW. Swedish Volvo introduces the world's first car with a...

On the first days of the New Year, key US indexes marked a record fall. George Soros has warned that repetition of the 2008 world economic crisis is around the corner. The US stock market collapsed. One of the key US indexes - Dow Jones, reflects state of the country's industry, fell by five per cent - more than 900 points - from 4 to 8 January. CNN, citing data from FactSet, says that this...

As a barometer of the global economy, the market of commodity paints a pretty grim picture. Slowing economic growth in China and investment-driven supplies during the commodity boom in the aughts reduced prices to multi-year lows. Hardly we can expect recovery in prices to highs of last hundred years. A number of major asset classes could even reach the bottom, as experts predict a slight...

2015 brought a lot of unexpected events, most of which, unfortunately, led to destabilization in the world order. The oil and gas sector was one to be hurt the most. It all began at the end of 2014, when the OPEC reduced quotas, contrary to expectations. 2016 holds in stock a few more surprises. What unexpected events can occur in the energy sector in 2016? №1 Less than $ 30 per barrel at the...

In the run-up to lifting the sanctions against Iran, several US corporate giants, including oil division of General Electric Inc., HP etc., are actively exploring possibility of entering the country’s market. American companies, in addition to food manufacturers, aircraft parts and suppliers of medical goods, still cannot make direct transactions with Iran. However last week, one of the senators...