In April 2016, retail sales in the US increased by 1.3% compared with the previous month, according to the Ministry of Commerce data. The growth rate was the highest since March 2015. Analysts surveyed by Bloomberg expected a less significant increase in the index - by 0.8%. In March, retail...

On the eve of the final battle with Donald Trump, former US Secretary of State Hillary Clinton receives from Wall Street donors more transfers than all other candidates combined. In total, Clinton received $ 4.2 million from Wall Street, $ 344 thousand of which came in March. According to Wall...

In a move likely to further boost record overseas acquisitions by Chinese companies, China is planning to allow Chinese companies to vie for the same target and to remove the need for State Council approval for large, sensitive outbound deals.   The draft rules aimed at both speeding up...

FCA Chief Executive Sergio Marchionne said recently that in their collaboration on self-driving vehicles, Fiat Chrysler Automobiles and Alphabet Inc's Google have yet not been able to determine who would own the data that would be collected.   "That's exactly what has to be determined. We...

In response to recent disclosures in the Panama Papers revealing the scale of offshore financial activity, US President Barack Obama is launching a crackdown on international tax evasion.   The US president will take executive action to close loopholes used by foreigners in the US and call...

‘Do you trust cash as a mean of payment?’ Most of us have never asked ourselves this question as cash is deeply rooted in our daily lives; sometimes we use it without even noticing. Yet, behind all of our coins and banknotes there is a world of professionals who work to keep cash secure and accessible to all of us. Many of these professionals met in Paris in April to discuss the future of cash. If you believed that your banknotes were slowly disappearing, you are probably mistaken.

Analysts revise their bids after the news of loss in Apple’s quarterly revenue was known. The session started on a lower note for Wall Street as one of Apple’s large share slipped down taking along the average rating of the main market. Apple’s stock came down by “7.09% to $96.97” after the volumes...

The analysts were left behind as the Eurozone’s first quarter growth over shadowed their expectations. Eurostat’s “preliminary flash” estimation has been published on Friday, the 29th April 2016, whereby reflecting an economic growth in the “first quarter” which beat the expectation.   The...

There are many European countries known for their highest standard of living not only on the continent, but also worldwide. The concept of living standards includes income, cost of living and purchasing power. According to data from the latest Glassdoor report entitled "Where Are Europe’s Highest...