Markets & Industries
Discovery of the New Gas Field in Egypt Undermined the Prospects of Gas Production in Israel - 09/02/2015
Shares of Israeli gas companies collapsed after Eni reported the discovery of "super-giant" gas field off the coast of Egypt. Because of it, the prospects for Israeli gas projects, the implementation of which was delayed for a long time because of political differences, became even murkier. Delek’s shares, one of the main investors in the development of the Israeli field Leviathan, on Monday fell...
Sales Slump of Luxury Goods in China - 09/01/2015
The decision of the Chinese Central Bank to devalue the yuan added problems of the industry Business in China has ceased to bring super-profits to Western manufacturers of luxury beverages, clothing and bags because of the Chinese stock market fall that has been going on for over a month. Global manufacturers of luxury become heavily dependent on Chinese consumers: today, local consumers account...
The End of Coffee Era - 08/31/2015
Droughts, floods, epidemics, and the entire process of global climate change threatens to destroy the source of our morning caffeine. What fate awaits the coffee? When we read a newspaper while sipping a morning latte or espresso, global climate change sometimes seem a very distant and vague threat. However, if you drive off for several thousand kilometers - where coffee trees grow - the...
Lights and Shadows of World Wine Market - 08/28/2015
World wine imports in the first five months of 2015 sometimes is in the bright light, and in some places, immersed in shadow, according to data compiled by Nomisma Wine Monitor. The sun is on the side of wine import once again gaining momentum in China. After the unsuccessful 2014, purchases are growing steadily (51% in value, 38% by volume compared to the same period last year), and the clouds...
How Chinese Richest People Lost $ 5.6 Billion During One Day - 08/26/2015
China's stock market crash has hit the local billionaires, despite the fact that they hold the lion's share of their capital outside the stock exchange. Three of Asia's richest man lost $ 5.6 billion on Monday. Wang Jianlin has lost $ 3.6 billion. This person takes an honorable position of Asia's richest man, and his wealth is estimated at $ 31.2 billion. However, Wang invested some of the money...
Saudi Arabia is Threatened with Revolt at the Next OPEC Meeting - 08/24/2015
The next OPEC meeting will be held in Vienna on 4 December, a year after Saudi Oil Minister Ali al-Naimi announced that oil prices should be determined by the market, and the kingdom is not going to protect the level of $100 a barrel or more. It seems that Saudi Arabia has overestimated the impact of low prices on other countries, and was not too concerned about it itself, as its huge reserves...
Venture Capital Funds are Investing $ Hundreds of Millions into a New Type of Freight Forwarders - 08/18/2015
Silicon Valley companies invest in trucking start-ups, adapting to the realities of internet era. The turnover of this sector is estimated at $ 160 billion a year. Freight forwarders, who coordinate the delivery of products for retailers and manufacturers, are involved in everything - from the search for the optimal combination of air, rail and road transport to customs clearance. They work all...
Should Tourists in Turkey Be Afraid of Terrorists? - 08/13/2015
Turkey has always been a popular tourist destination. However, now the tourists refuse to travel to the country for fear of terrorist attacks. Reduction in the number of tourists may lead to losses of up to EUR 5 billion. Turkey is the sixth most popular tourist country. Last year, it was visited by 42 million tourists. Revenues amounted to nearly 30 billion Euros. However, the attacks and...
Norway is Ready to Unseal its Oil Fund - 08/12/2015
Norway is ready to use its oil accumulation in order to support the economy and stop the growth of unemployment in the background of the sharp fall in oil prices. As stated by the Prime Minister of Norway, Erna Solberg in an interview with Bloomberg, the authorities are preparing a draft budget for the following year taking into account the use of the $ 875 billion sovereign wealth fund, which...
Bangalore's Start-Ups: 'We are Going to Conquer the World' - 08/07/2015
Nandan Nilekani is a billionaire and co-founder of software developer Infosys. Also, he is one of the most popular figures of the Indian tech sector. In 2009, he left the company and is now trying on the role of the elders of Bangalore’s Internet industry, which is engaged in the transformation of the city with population of 10 million people in the global technology hub. He tells about...
