American consumers wrote a collective complaint against German automakers, namely Volkswagen, Daimler and BMW. Just like in Germany, they are accused of cartel collusion, Der Spiegel writes. It is reported that German automakers in the United States acted contrary to local competition laws. In...

As U.S. refineries seek to meet rising demand - from overseas, rather than the drivers on nearby roadways, they are producing more fuel than ever.   In an outgrowth of booming domestic production since the shale oil revolution started in 2010, the U.S. became the world's top net exporter of...

Anglo-Dutch oil company Royal Dutch Shell PLC said on Thursday that its net profit in the second quarter increased to $ 1.9 billion. Shell explained the jump in profits by a sharp increase in the amount of cash, which indicates that the company continues to adapt to lower oil prices. The...

Higher demand for its healthier non-carbonated beverages as well as low and no-sugar versions of its sodas drove Coca-Cola Co's profit, in its first quarter, as the company beat analysts' estimates under new Chief Executive James Quincey.   Like rival PepsiCo Inc, Coca-Cola has been stepping...

Japanese company Nintendo in the first fiscal quarter made a profit, thus outstripping analysts' expectations. The results were achieved thanks to active sales of the new game console Switch and continuation of the hit games Mario and Zelda, CNBC reports. The revenue of Nintendo was 154.07 billion...

Banks - primary dealers on EU government bonds - may be forced to shift some operations from London, if they want to keep this business after Brexit, Reuters reports citing three informed sources. Most of the national borrowing in Europe is managed by London investment banks. Their current...

According to the published financial results of the second quarter, net profit of Alphabet, the owner of Google, experienced the largest drop since 2008 - by 28%, to $ 3.5 billion. This drop is caused by a record fine of $ 2.7 billion, at the end of June imposed on Google by the European Commission...

Dutch shipowner Vroon is conducting difficult negotiations with banks, trying to find a way out of the long recession in the shipping industry. However, the situation is not easy for the creditors too, writes Reuters. Vroon, a 127-year-old family business that serves about 200 vessels and...

In order to jointly invest about $12 billion in the Shanghai-listed unit of China Unicom, the weakest of three big state-owned telecoms firms, Baidu Inc and JD.com will join other big Chinese technology firms, reported Reuters citing information from two people with direct knowledge of the matter....