Manchester United struck oil with the latest deal with Adidas. It will bring them 750 million Pounds on the span of ten years. It's not the only large contract Adidas has with famous football teams. Sportswear manufacturers pump vast amounts of money in deals with clubs. Not only they offer them full sports kits, but ... read entire article »
The largest automaker in Europe, Volkswagen announced less than two weeks ago a massive investment project in China, immediately after the German chancellor, Angela Merkel visited China. Volkswagen plans to take on not only the Chinese market, but also India. ... read entire article »
America second largest and third largest tobacco companies are set to merge over a $27.4 billion deal that will create a cigarette duopoly in America. Reynolds America, maker of Camel and Pall Mall cigarettes, has agreed to purchase Lorillard which is most known ... read entire article »
German sportswear manufacturer, Adidas, is going to pay Manchester United a record-breaking 940 million euros over 10 years. The Old Trafford club will receive 94 million euros per year from Adidas and it will be provided with playing and training kits. Adida ... read entire article »
Spain and World War II are usually not associated because the Iberian country was not an active “player” in the conflict. Five Spanish made airplanes for Germany were found in a warehouse and saved. By the time of the second World War Spain was ruled by a ... read entire article »
Elon Musk, founder of Tesla Motors, will help fund a new museum dedicated to famous inventor, Nikolai Tesla, by donating $1 million. In addition, Musk will also build a Tesla supercharger station in the parking lot of the Long Island-based museum, on the site of ... read entire article »
Germany won the Football World Cup after a thrilling final against Argentina. The victory brought Germans a lot of things including money. Germany will receive the biggest prize for winning the trophy in World Cup history. Germany won the most desired trophy in ... read entire article »
Argentina, which is on the verge of entering another debt crisis, will see a boost in its economy after its president, Cristina Fernandez, signed several deals regarding atomic energy with the Russian President Vladimir Putin. The nuclear energy cooperation ... read entire article »
Major sports events in recent years outraced themselves who can put together the biggest prize pool. Good news for the ATP and WTA circuits. US Open announced the largest prizes in tournament history for 2014. A victory in a Grand Slam tournament is pricele ... read entire article »
The giant French drug company Servier was fined for on purpose delaying a cheaper genetic drug that treats high blood pressure. The European Commission notified Servier the fine was given after a process in which five other pharmaceutical companies were found ... read entire article »
Numerous scandals linked to the Vatican Bank, including some money laundering allegations, led to new bank administrators commencing a major cleanup of the bank’s accounts which ended with 2,000 clients having their accounts blocked and another 3,000 ‘customer ... read entire article »
Normally when you hear about a gadget of smartphone theft you imagine a hooded bandit smashing a window and stealing a device or two. Certainly this is not the case in Brazil where Samsung suffered a heavy blow. A well prepared group of thieves raided a Samsung ... read entire article »
He is probably one of the biggest name coming from Sweden, but his fame could not bring him a buyer. Zlatan Ibrahimovic, the football star is trying to sell his mansion in Malmo for more than a year without having any success. The price for a lavish house that ... read entire article »
The crypto currency called Bitcoin received a heavy blow in early 2014 after the collapse of Mt Gox. The downfall of the exchange affected a lot of people in Asia, UK and USA, but Europe was somehow spared of the “Bitcoin fever” until now. The French police ... read entire article »
The National Bank of Austria released a statistic revealing the large amounts of money lost by Austrian banks since the financial crisis erupted in 2008. Bad loans are the reason why banks lost 44 billion euros. According to the National Bank of Austria almost 65 ... read entire article »
A climber taking shelter from rain in the Reynard’s Cave, in Britain, came upon an unexpected treasure. He unearthed a stash of coins which have laid undisturbed for over 2,000 years. Searches on site revealed a total of 26 Roman and Late Iron Age coins and 20 ... read entire article »
Professional athletes that took their disciplines to a very high level are normally rewarded with huge amounts of money. Almost all of them do exactly what they like and can't complain about their salaries. But how would it be to play all day on your PC and get ... read entire article »
The European Commission is increasing its efforts to investigate how renowned multinational companies, such as Amazon, are using EU countries, like Luxembourg, to cut off their tax bills. As a consequence, officials from the EU have asked Luxembourg to hand over ... read entire article »
The Spanish Civil Guardia working together with Moroccan Royal Gendarmerie pulled of a spectacular drug bust. Spanish forces managed to stop a large cannabis smuggling organization operating by air and water in the Strait of Gibraltar. “Operation Landing” wa ... read entire article »
The Austrian banking conglomerate, Erste Group made a bet on numerous risky loans and lost. Now it expect losses of 1.4 to 1.6 billion euros this year. The bad loans were made in Hungary and Romania. Its subsidiaries in both eastern European countries made ... read entire article »
