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VOLKSWAGEN AND FORD LIQUIDATE THE ARGO AI DRONE PROJECT

... to work in the parent companies, while investors will be forced to part with others. The news about the closure of the project affected the economic indicators of investors. For example, Ford's refusal to support Argo AI led to the depreciation of investments and losses of the auto giant for the third quarter. According to experts, they amounted to $827 million. According to Ford CEO Jim Farley, the refusal to further finance the project is partly due to a change in priorities in favor of semi-autonomous ...

ISLAMIC BANKING MAY APPEAR IN RUSSIA

According to the head of the State Duma Committee on the Financial Market Anatoly Aksakov, the relevant draft law has already been prepared. The need for changes is due to a number of reasons. Firstly, the rapprochement with Islamic countries in terms of economic activity. Secondly, the specifics of Islamic banking (financial activity based on the principles of Sharia) does not allow to enter the financial instruments inherent in this system into the current Russian legislation. It is worth noting...

YANDEX COMPANY LIQUIDATES INVESTMENT SERVICE

Yandex" made a decision to liquidate the Internet service "Yandex.Investments" created for financial management. The reason is the fact that VTB Bank, a former partner in dealing with securities, fell under strict foreign sanctions. The inability to trade assets of foreign companies led to an inevitable outcome....

New-build housing and bitcoin: the things you should have bought in 2021

... of the year was chosen as a start of the investment, with calculations of the results in 12 months. For two years in a row, the first place in the rating has been held by bitcoin, the value of which has risen by 75.4% over the year. At the same time, investments in new buildings showed a good income - the annual income from them amounted to more than 28%. The three leaders among the top investment areas were closed by the shares of the American stock market. The yield in this segment was 25%, Izvestia ...

The largest co-working space in Minsk is closed for political disloyalty

... on the basis of Imaguru, raised $ 6 million for their service. Lithuanian Infogr.am was the finalist of the competition organized in Minsk in 2013. According to experts, in just 8 years of its existence, Imaguru has attracted about $ 100 million in investments, and has reconstructed 2,000 sq. meters of the Gorizont plant and paid about $ 1.5 million for the lease. Termination of the lease agreement is not the worst thing in this story, since there are more than enough vacant premises on the territory ...

BELK DEPARTMENT STORE CHAIN FILES FOR BANKRUPTCY

... safety of partners and customers, and debt reduction will allow to reach greater financial flexibility. Sycamore Partners, a private equity firm based in New York, is the retailer's savior. It was established in 2011 and it is currently specializes in investments related to distribution and retail. It is known that the total capital of the firm's investors, including leading trust funds, banks, pension and government funds, is about $ 10 billion. Earlier, the firm acquired several well-known brands ...

CENTRAL BANK OF RUSSIA CALLS FOR PROTECTION OF ORDINARY CITIZENS FROM LIFE INSURANCE POLICIES

The head of the Central Bank of Russia signed a letter containing an appeal to insurance companiesthat offer to purchase investment and cash-value life insurance policies (IIP and CVIP). In particular, the question was related to products that provide for a lump sum payment of a premium or a payment that depends on assets intended for qualified investors. Most often, such products are sold by banks. However, credit institutions do not always inform citizens about their features and risks. According...

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