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Saturday, September 20, 2024
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Money

Two billion dollars profit for a non-profit organization

The world governing body of football, also known as FIFA is a non-profit organization. But FIFA, the organizer of the Football World Cup recorded more than 4 billion dollars in income and a total profit of two billion US dollars. A lot of Brazilians were very vocal because the country spent large amounts of money on ...
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More News

Russia bans food import

For a week now, Russian officials have been preparing its own sanctions on the West, following economical bans the EU ans the US imposed on Moscow. Russia’s sanctions had been announced: Putin has banned most food imports coming from the West. The country ... read entire article »

Russian airline hit by EU sanctions

EU sanctions imposed on Russia have forced all Aeroflot flights into Europe to remain grounded. The Russian low-cost airline, Aeroflot, has been severely hit by EU sanctions which forbid any European entities to collaborate with the company. Aeroflot official ... read entire article »

Ukraine’s economical downfall increases

Ukraine’s economy if declining at a faster and faster rate as fighting enrages in the eastern parts of the country. Its GDP has fallen by 4.7 percent just in the second quarter as compared to the same period of last year. Turmoil in the eat f Ukraine is the ... read entire article »

The money making industry of Premier League

Premier League surpassed the borders of a “sport” years ago. The league became a massive money industry and almost every year it is among the most profitable sport leagues in the world with billions involved. Sportingintelligence published a study over the ... read entire article »

300 million for settlement

A third of a billion euros is the amount of money Swiss bank UBS payed Germany. The bank agreed to settle a long running legal dispute in which it was accused of hiding money in order to evade taxes. The Swiss bank confirmed it has reached a settlement with ... read entire article »

Rodriguez the 'gold mine'

James Rodriguez turned out to be a gold mine for Real Madrid. The Colombian football star is “red hot” after his transfer in Madrid and the club knows this. The most recent statistic reveald by the club is mind blowing. Despite the fact that Rodriguez was an ... read entire article »

GM estimates $400M will go to car owners

After being forced to call back several million of its vehicles over faulty ignition switches, General Motors reported that the will have to pay victims of faulty car parts an estimated $400 million as compensation. The company’s earnings report for the second ... read entire article »

LG reports record figures for Q2

This years has been good for LG Electronics so far. The Korean tech company released its results for the second quarter of 2014. Its Mobile Communications Company has a lot to do with the good results as it shipped a record number of smartphones. According to ... read entire article »

Israel pays the price for Gaza conflict

The conflict Israel chose to engage in in the Gaza Strip will hang heavily on its economy. After several Western nations, including France, the UK and the US chose to cancel all flights going into Israel, the costs for the Israeli Airlines will be reduced by a ... read entire article »

Microsoft reports increased revenues

Exactly as announced a few weeks ago, Microsoft came out and revealed its earnings for the second quarter of the year that ended in June. The giant company recorded a slim decrease in revenue compared to last year. Official figures show Microsoft recorded 23.38 ... read entire article »

Asian group buys Forbes for 351m euros

The Forbes media empire will be handed down to a Hong Kong based group in a 351 million euros takeover. The Forbes family decided to sell the company after years of surging profits. Steve Forbes will remain, however, editor-in-chief and chairman of the company. read entire article »

Huawei marks a 19% revenue jump

The second biggest telecommunications equipment maker, Huawei Technologies, posted a 19% jump in revenue for the first half of 2014. The Chinese company posted a 16.175 billion euros revenue for this year, so far, and said that its growth will expand even further ... read entire article »