Ukraine refuses to pay in advance for the Russian gas after the state-owned gas supplier, Gazprom, raised the prices from $268.50 to $485.50 per thousand cubic meters of gas. ‘We cannot pay in advance at the price [of] about $480 per thousand cubic meters,’ said the Ukrainian Energy Minister Yuriy Prodan. The ... read entire article »
Apple is about to spend the biggest amount of money ever on a single acquisition. Rumors say the American tech giants is planning to buy Beats electronic for 3.2 billion US dollars. If it will go an it could become Apple's biggest buy ever. Close sources to botch ... read entire article »
A space capsule belonging to the Soviet era was sold in a Brussels auction for no less than 1 million euros. After making two successful journeys into space, in 1977 and 1978, during the Soviet-era, the Vozvrashchayemyi Apparat now has a new owner, whose identity ... read entire article »
The London real estate market has its lost grips with reality. Last week’s sale stands as proof to this after an incomplete apartment in central London was sold for no less than $237 million, a record high. The apartment, overlooking Hyde Park, offers, for it ... read entire article »
A weakness in the yen, together with cos-cuttings have nearly doubled Japanese car-maker Toyota’s profits. The company reported a net profit of $17.8 billion or 1.82 trillion yen, for the first quarter, up from 962 billion yen a year ago. The Japanese firm ... read entire article »
The French Open became the wealthiest tennis event around the year. The French Tennis Federation announced the 2014 edition of Roland Garros will have a pool prize of 25 million euros. Hundred of player will battle for record prize money in this year's event. The ... read entire article »
When Vodafone acquired, in 2007, the Hong Kong-based Hutchison Whampoa's Indian mobile unit for $11 billion, Indian authorities demanded a $2.2 billion in taxes over the deal that Vodafone had just sealed. As a consequence, the British telecommunication company ... read entire article »
Ukraine has received 2.3 billion euros representing the first International Monetary Fund batch of the bailout plan it has agreed to. The money had been split between the bank’s foreign currency reserves and the state budget. Ukraine is set to receive a total ... read entire article »
Cornelius Gurlitt, the son of Adolf Hitler's art dealer, left his entire $1.3 billion art collection to the Bern Art museum. Gurlitt, who had no close relatives, named the museum his ‘unrestricted and unfettered sole heir.’ After his death on Tuesday, hi ... read entire article »
Paris to Tokyo, Hong Kong or Beijing takes too much time by 2014 standards, even flying at first class. But how would an eleven-hour flight be, standing in your own bed watching a favorite movie on a 61 cm HD TV? Although it sounds too good to be true it's a fact ... read entire article »
Hugh Lowther, British Earl of Lonsdale, has put out for sale a rather interesting item. The Earl is selling Blencathra, one of Britain’s highest mountains to pay a tax bill. Lowther, the eighth Earl of Lonsdale, is selling an entire mountain which had been in ... read entire article »
A group of bank robbers was arrested by the Italian Police in Rome. Allegedly, the three men robbed at least four banks last year stealing in excess of 230,000 euros while dressed as police officers. The group was under surveillance for a while and law ... read entire article »
One month’s work will bring Apple head of retail an almost $10 million bonus for no specific performance accomplishments. Angela Ahrendts, former Burberry CEO, joined Apple on May 1 and handles retail and online store operations. On June 1 she is set to receive ... read entire article »
The Organisation for Economic Cooperation and Development has changed its mind about initial global growth forecast and lowered them from 3.6 percent to 3.4 percent. The most powerful reason for this drop is that, globally, we are still living in the shadows of ... read entire article »
France has one of the biggest network of highways in Europe and also one of the most industrialized agriculture on the continent. However, this brought only bad news for the Great Hamster. Now the country has to spend 3 million euros in an attempt to save the ... read entire article »
The German vehicle company BMW declared that it is about to reach record car sales and pretax profit this year. The first quarter saw a boost of 2.6% in operating profit, mostly due to the big demand in China. BMW did experience a slowdown in earnings, though ... read entire article »
Italy turns to Ebay to help it raise one million euros. Tens of cars used by the Defence Ministry, Police and fire brigades were auctioned off online, but the most expensive ones failed to attract a single bid. Italy has been struggling for a few years and still ... read entire article »
Almost 140 million euros (170 million Swiss francs) in assets were frozen by Swiss authorities. The money and goods belong to former Ukrainian president Viktor Yanukovich, his son and a few former members of his government. The figures were revealed by ... read entire article »
Singapore is home to one of the world’s largest concentration of billionaires and it is forecast to overtake Switzerland as the largest wealth management center globally. Now, in an effort to control American citizen tax invasion, Singapore and the US have ... read entire article »
Cost cuts for airline tickets in the last years was an effective strategy. However, airlines compensate the lost sums by adding new fees for passengers or simply increasing the existing ones. For example, the American Delta company made, in 2013, $833 million ... read entire article »
