Google is a success story and the European Commission fined them a record $2,7 billion today

Google is a success story and the company is up over 40% since June last year. The company is well-known for its search engine which is the best in the world. Some people in this world doesn`t like this success and one of them is the European Commission.

The European Commission have received many complaints from competitors who claimed that Google abused its search market dominance to give its own business an advantage over other retailers. This is a clear picture of the relationship between Europe and the U.S right now.

 

 

“What Google has done is illegal under EU antitrust rules. It denied other companies the chance to compete on the merits and to innovate. And most importantly, it denied European consumers a genuine choice of services and the full benefits of innovation,” European Competition commissioner Margrethe Vestager said in a statement.

The European Commission has been working on this case for over seven years, and the action came after complaints from rivals such as Yelp, TripAdviser, UK price comparison site Foundem, News Corp and lobbying group FairSearch.

This is not the first time the European Commission has attacked a U.S company. Last year they attacked Apple, and at that time, Commissioner Margrethe Vestager, in charge of competition policy said: “Member States cannot give tax benefits to selected companies.

This is illegal under EU state aid rules. The Commission`s investigation concluded that Ireland granted illegal tax benefits to Apple, which enabled it to pay substantially less tax than other businesses over many years. In fact, this selective treatment allowed Apple to pay an effective corporate tax rate of 1% on its European profits in 2003 down to 0,005% in 2014.”

Apple has their own tax structure in Europe, which is Apple Sales International and Apple Operations Europe. Both are two Irish incorporated companies that are fully owned by the Apple group.

In 2001, the European Commission sent a sternly worded missive to Microsoft. EU accused the software maker of having illegally extended its dominance in operation systems for personal computers (PC`s) into adjacent markets, for tying Windows to programs that play music and videos.

The European Commission said Microsoft was too dominant in the market in 2001. Last year they claimed Google was too dominant in the internet search market. Google were also ruling the smart phone market with their Android system, which will be their next problem.

EU regulators in Brussels fined Google a record $2,7 billion today, ruling that the search-engine giant violated antitrust rules for its online shopping practices, and this is the largest doled out by Brussels.

Google disagreed with the EU action.

«We respectfully disagree with the conclusions announced today (Tuesday).We will review the (European) Commissions decision in detail as we consider an appeal, and we look forward to continuing to make our case,» Kent Walker, Googles Senior vice-president and General Counsel, said in a statement today.

It doesnt stop here. Next time, Brussels will attack Googles Android mobile operating system, which is a case that could potentially be the most damaging for Google.

Theodore Roosevelt led a populist party in 1912, and Ralph Nader campaigned against the power of large corporations such as auto companies. Now, 105 years later, EU is doing the same.

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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The focus is on US Oil production, which, as anticipated in earlier forecasts, is rising strong

Crude Oil has been trading flat for about 12 months now. Since June 2016, WTI Crude Oil has traded at around $50, but now it is in a bearish downtrend. Investors are conserned, shorting and selling oil with both hands.

Immediate concerns about stubbornly high stocks due to rising global production are pressing oil prices, which have fallen to levels not seen since the OPEC ministerial meeting at the end of November.

According to IEA`s report, in April, total OECD stocks increased by more than the seasonal norm. For the year-to-date, they have actually grown by 360 kb/d. Their provisional monthly data for May suggests that OECD stocks might, overall, be little changed, but recent US weekly data suggests that rising domestic production, high imports, low exports, and weaker gasoline demand, have combined to send stocks higher.

The implied market deficit in 2Q17 was 0,7 mb/d but now this has narrowed to 0,5 mb/d. The reason for this are a reduction in demand growth, mainly because of weaker Chinese and European data, and an increase in global supply.

Based on our current numbers, assuming stable OPEC production, market deficits should be significant in 2H17, although adverse changes to demand and supply data can erode prospective stock draws.

The focus is on US production, which, as anticipated in earlier forecasts, is rising strong.

For 2017, IEA expect US supply to grow by 430 kb/d and the year will end with production there 920 kb/d higher than at the end of 2016. IEA`s first look at 2018 suggests that US crude production will grow year-on-year by 780 kb/d.

Such is the dynamism of this extraordinary, very diverse industry it is possible that growth will be faster.

In 2018, IEA expect non-OPEC production to grow by 1,5 mb/d, which is slightly more than the expected increase in global demand.

While OPEC countries collectively have broadly implemented their cuts, some members have been less than holy diligent. Iraq has achieved a compliance rate of only 55% so far this year, and Venezuela and the UAE are laggards.

Two OPEC members not included in the deal have recently seen increases in production: Libya`s output has reached nearly 800 kb/d, a level not seen since 2014, and Nigeria has announced the lifting of force majeure for Forcados exports, potentially making available to the market more than 200 kb/d.

If Libya and Nigeria continue to grow their output these extra barrels dilute the value of OPEC`s output accord and contribute to delaying the re-balancing of the market.

The currency used to express re-balancing is the five-year average level of oil stocks. OECD stocks are currently 292 mb above this level. Indeed, based on the outlook for 2017 and 2018, stocks might not fall to the desired level until close to March 2018. IEA have regularly counselled that patience is required on the part of those looking for the re-balancing of the oil market.

Their message is; «Whatever it takes» might be the mantra, but the current form of «whatever» is not having as quick an impact as expected.

What about the demand for Renewable Energy?

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Investors are concerned about Snapchat`s future

Snap Inc, formerly Snapchat Inc, is a camera company. The company`s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images as a Snap.

As of December 31, 2016, on an average, 158 million people used Snapchat every day to Snap with family, watch Stories from friends, see events from around the world, and explore curated content from publishers.

The market cap of Snap has fallen dramatically from about $30 billion to $20 billion.

 

 

Many investors are now concerned about Snaps DAUs. Not only that; Snapchat has a lot of competitors and to understand that you have to see it with marketers glasses. They are a copycat and have much lower margins than their competitors.

Facebook has the same application and makes Snap tools like a «me too» product. What they need now is International growth, but why should people use Snap`s tools in an already developed market?

Advertisers spend their money on Facebook and YouTube because they know it works. If Snap want to compete with them they need to burn some cash. A lot of cash. What they need is to look overseas to grab more teens.

Snap dropped down -3,19% on Tuesday and its valuation is about $20 Billion, trading at 17,31. The stock is back to its IPO price and it’s headed for a cruel summer for Snap. In comparison, Twitter`s market cap is about $12 Billion and I assume you know the rest of that story.

Investors are worried about Snaps competition. Especially from Facebook`s Instagram which is the same kind of its popular features.

Snap opened at $24 on its initial day of trading back in March, but surged 44% by the close. They started the IPO price at $17 and now we are back to the start again. At $17.

Barclays, Citygroup and J.P Morgan have lowered the price target on Snap.

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Posters are important but Social Media Platforms has become a dominant player to grab seats and win elections

It`s a big surprise for many to see how the Labour Party has stolen seats from the Conservatives. How in the world did that happen? Is is a great campaign? John McDonnell, the shadow chancellor, said: «This campaign has changed the nature of political discourse in this country.

Jeremy Corbyn has run a fantastic campaign.»

The partys success saw it almost completely wipe out the Tories in London and more than double majorities in seats that were previously considered marginal. Lets take a closer look at the finest pre-election propaganda.

 

 

Margaret Thatcher initially rejected this famous poster from 1978. She said to the art director: «You know perfectly well that you should never have the other side`s name in your own poster!» The art director explained that it was a double entendre.

«Well, it cant be very good because I dont get it!» Thatcher said.

Labour`s Denis Healey called it a «fraud» when he learned that the people in the dole queue were in fact members of Hendon Young Conservatives. The controversy ran for weeks. The art director estimated that the furore earned the equivalent of £5m in free publicity.

It was a start of a long and largely fruitful marriage between the Tories and the Saatchis, helping the party win the next four elections and the agency grow into a global behemoth.

 

 

This poster is from 1992. «Its a kill or get killed in this game,» Jeremy Sinclair told Tory campaign chief Shaun Woodward at that time. Woodward explained that new PM John Major didnt want to run a negative campaign.

«Thats fine, if you dont mind losing,» Sinclair retorted. Tory wonks calculated the spending pledges in Labour`s manifesto as costing £35bn. Sinclair «basically divided it by the number of taxpayers in Britain».

The mathematics might not have been the most rigorous but it allowed the Saatchi team to produce the most notable poster of the campaign, which would define the entire agenda leading up to polling day.

 

 

Labours ad men had always felt one step behind their brutal and relentless counterparts at Saatchis. But Blair recruited Trevor Beattie, the creative master behind the Wonderbra «Hello Boys» poster and French Connections FCUK campaign, and soon Labour were beating the Tories at their own game.

«This will be the most iconic image of this election,» Beattie told Tony Blair as he unveiled the poster depicting Tory leader William Hague with Thatcher`s hair at No 10.

Blair was concerned that it was too flippant. But then he started to laugh. «Youve just shown why it works,» labours communications chief Alastair Campbell told him. «Because if its funny, its fine. People look at it and smile but it makes a powerful negative point.»

 

 

Posters will always be important because if you cant get your message across in five or six words then, chances are, you message isnt righ in the fist place,» says Jeremy Sinclair. This time around, the Saatchi team managed to do it in no words at all.

This is the best poster of the campaign so far. Expressing a clear and powerful message in a single, compelling image. Whether the fear of an SNP/Labour coalition is really the high-salience issue that the best ads usually focus on is questionable.

 

The latest Labour campaign poster of the 2017 General Election has been ridiculed on social media because it shows Theresa May «grabbing» seat in the party`s northern heartlands. The poster is titled «Tories are holding Britain back».

The poster shows the arm of what appears to be Mrs May, complete with a blue bracelet, holding onto the upper right hand corner of England, with Labour`s slogan suggesting that the Prime Minister and the Tories have «held Britain back long enough».

The poster has left many people on Twitter feeling confused. Some people have suggested that Mr Corbyn pulled out of the poster launch because he realised it was not very good. Some said on Twitter that the poster suggested the UK wanted to move closer to the U.S with the Tories stopping if from doing so.

The poster was created by Krow Communications which the party hired to take the lead on its advertising and communications campaigns. Posters has played a very important role in a party`s campaign, but the world has changed. Social Media Platforms has become a dominant player to grab seats and win elections.

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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The Labour Party`s leader Jeremy Corbyn is a self-confessed Marxist

Theresa May will have a meeting with her new cabinet today which is a bit angry. The Tory members of Parliament are blaming May for the catastrophic election campaign that cost her party (the Conservatives) their parliamentary majority.

The party that took seats from May and her party was the Labour party, and the man behind that party is Jeremy Corbyn. This is a man who said the Labour Party is ready to serve Britain. Labour`s 9,6% vote swing was its largest since 1945. Who is Jeremy Corbyn?

 

 

Jeremy Bernard Corbyn is born 26 May 1949. He is a British politician who has served as Leader of the Labour Party and Leader of the Opposition since 12 September 2015. He has been the Member of Parliament (MP) for Islington North since 1983.

His parents were peace campaigners who met in the 1930`s at a committee meeting in support of the Spanish Republic at Conway Hall during the Spanish Civil war. While still at school, Corbyn became active in the Wrekin constituency young Socialists, his local Labour Party, and the League Against Cruel Sports.

As a backbench MP Corbyn was known for activism and rebelliousness, frequently voting against the Labour whip, including when the party was in government under New Labour leaders Tony Blair and Gordon Brown.

As Labour leader, Corbyn advocates reversing austerity cuts to public services and welfare funding made since 2010, and proposes renationalisation of public utilities and the railways.

A longstanding anti-war and anti-nuclear activist. Corbyn supports a foreign policy of military non-interventionism and unilateral nuclear disarmament. He was the national chair of the Stop the War Coalition and a member of the Socialist Campaign Group until his election as leader of the Labour Party.

In the snap election 2017, Corbyn and his Labour party went to be the second biggest party in parliament, and they increased their shares of the popular vote to 40%, resulting in a gain of 32 seats, and a hung parliament.

In the early 80`s he spoke in a debate, describing a motion calling for greater support for law and order as «more appropriate to the National Front than to the Labour Party».

He worked on Tony Benns unsuccessful deputy leadership campaign in 1981. He was keen to allow former International Marxist Group member Tariq Ali to join the party, despite Labours National Executive having declared him unacceptable, and declared that «so far as we are concerned…. hes a member of the party and hell be issued with a card.

In May 2015 he wrote for the Morning Star, saying that «the Star is the most precious and only voice we have in the daily media»

Corbyn was a campaigner against apartheid in South Africa, serving on the National Executive of the Anti-Apartheid Movement, and was arrested in 1984 while demonstrating outside South Africa House.

In the Main Stream Media (MSM) we can still see articles about people’s own Facade, telling you that you shouldn`t care much about how you look like. Your hair, back, stomach, your wight and so on.

During the BBC`s Newsnight in 1984, Conservative MP Terry Dicks asserted that so-called Labour scruffs (such as Corbyn, who at this time was known for wearing open-necked shirts to the Commons) should be banned from addressing the House of Commons unless they maintained higher standards.

Corbyn responded, saying that: «its not a fashion parade, its not a gentlemans club, its not a bankersinstitute, its a place where the people are represented.

 

 

In 1984 Corbyn and Ken Livingstone were criticised for inviting two convicted Provisional IRA members as well as Gerry Adams and other members of the Irish Republican party Sinn Fèin to Westminster three weeks after the Birmingham hotel bombing, an attack carried out by the IRA that killed five people.

He became known during the 1980s for his work on behalf of the Guildford Four and Birmingham Six, who were eventually found to have been wrongly convicted of responsibility for a series of bombings carried out in England in the mid-1970s by the IRA that killed 28 people.

Corbyn was arrested in 1986 for protesting the trial of a group of IRA members including the Brighton Bomber Patrick Magee. Magee was convicted of murdering five people and the group were convicted of planning a «massive bombing campaign in London and seaside resorts».

In the early 1990s, MI5 opened a file on Corbyn over fears his IRA links meant he could have been a threat to national security. The metropolitan Polices Special Branch was also monitoring Corbyn at the time, and continued to monitor him for two decades over fears he was attempting to «undermine democracy».

According to Andrew Gilligan in The Sunday Times, following research in Irish and Republican archives, Corbyn was involved in over 72 events connected with Sinn Fein, or other pro-republican groups, during the period of the IRA`s paramilitary campaign.

Corbyn supported the campaign to overturn the convictions of Jawad Botmeh and Samar Alami for the 1994 bombing of the Israeli Embassy in London; Botmeh and Alami had admitted possessing explosives and guns but denied they were for use in Britain.

The convictions were upheld by the High Court of Justice in 2001 and by the European Court of Human Rights in 2007.

The left-wing Jacobin magazine described Corbyn as «a figure for decades challenged them (Labour Party elites) from the backbench as one of the most rebellious left-wing members of parliament.»

After members of Islamic State carried out terrorist attacks in Paris in November 2015, Corbyn suggested that the only way to deal with the threat posed by the jihadist group would be to reach a political settlement aimed at resolving the Syrian Civil War.

Speaking at a regional party conference in Bristol on 21 November, Corbyn warned against «external intervention» in Syria but told delegates that Labour would «consider the proposals the Government brings forward.

Corbyn said in a letter that he could not support military action against Islamic State: «The issue (IS) wether what the Prime ministers proposing strengthens, or undermines, our national security… I do belive the current proposal for air strikes in Syria will protect our security and therefore cannot support it.»

Corbyn agreed that Labour MP`s would be given a free vote on air strikes when the issue was voting on two days later. A total of 66 Labour Mps voted for the Syrian air strikes, while Corbyn and the majority of labour Mps voted against.

Following the June 2016 vote to leave the EU, Corby was accused of «lukewarm» campaigning for Britain to stay in the European Union and showing a «lack of leadership» on the issue by several party figures.

Alan Johnson, who headed up the Labour in for Britain campaign said «at times» it felt as if Corbyns office was «working against the rest of the party and had conflicting objectives». Corbyns decision to go on holiday during the campaign was criticised.

In September 2016, Corbyn`s spokesman said Corbyn wanted access to the European Single Market, but there were «aspects» of EU membership related to privatisation «which Jeremy campaigned against in the referendum campaign.

Corbyn has campaigned against Private Finance Initiative (PFI) schemes, supported a higher rate of income tax for the wealthiest in society, and his shadow chancellor proposed the introduction of a £10 per hour living wage.

Corbyn opposes austerity, and has advocated an economic strategy based on investing-to-grow as opposed to making spending cuts. During his first Labour leadership election campaign, Corbyn propsed that the Bank of England should be able to print money for capital spending, especially housebuilding, instead of quantitative easing, which attempts to stimulate the economy by buying assets from commercial banks. He described it as «People`s Quantitative Easing».

Corbyn has been a consistent supporter of renationalising public utilities, such as the now-privatised British Rail and energy companies, back into public ownership. Initially Corbyn suggested completely renationalising the entire railway network, but would now bring them under public control «line by line» as franchises expire.

Corbyn has been vocal on Middle East foreign policy. He is a member of the Palestine Solidary Campaign, campaigning against conflicts in Gaza and what the organisation considers to be apartheid in Israel.

He belive Hamas is «an organisation dedicated towards the good of the Palestinian people,» and said that the British government`s labelling of Hamas as a terrorist organisation is «a big, big historical mistake.»

Corbyn would like to pull the United Kingdom out of NATO, and he is a longstanding supporter of unilateral nuclear disarmament. In April 2014, Corbyn wrote an article for the Morning Star attributing the crisis in Ukraine to NATO.

He said the «root of the crisis» lay in «the drive to expand eastwards» and described Russia`s actions as «not unprovoked». He has said it «probably was» a mistake to allow former Warsaw Pact countries to join NATO.

Corbyn was a proponent of the Venezuela Solidarity Campaign and is a longtime supporter of the Cuba Solidarity Campaign, which campaigns against the US embargo against Cuba and supports Cuban Revolution.

After the death of socialist President of Venezuela Hugo Chàvez Corbyn thanked him on Twitter, saying «He made massive contributions to Venezuela & a very wide world».

 

 

In November 2016, following the death of Fidel Castro, Corbyn said that Castro, despite his «flaws», was a «huge figure of modern history, national independence and 20th Century socialism. Castros achievements were many.» Internal Labour party critics of Corbyn accused him of glossing over Castros human rights abuses.

Corbyn has previously been a left-wing Eurosceptic, and backed a proposed referendum on British withdrawal from the European Union in 2011. Additionally, he accused the EU of acting «brutally» in the 2015 Greek crisis by allowing financiers to destroy its economy.

Despite earlier comments during the leadership campaign that there might be circumstances in which he would favour withdrawal, in September 2015, Corbyn said that Labour would campaign for Britain to stay in the EU regardless of the result of Cameron`s negotiations, and instead «pledge toreverse any changes» if Cameron reduced the rights of workers or citizens.

He also belived that Britain should play a crucial role in Europe by making demands about working arrangements across the continent, the levels of corporation taxation and in forming an agreement on environmental regulation.

In June 2016, in the run-up to the EU referendum, Corbyn said that there was an «overwhelming case» for staying in the EU. In a speech in London, Corbyn said: «We, the Labour Party, are overwhelmingly for staying in, because we belive the European Union has brought investment, jobs and protection for workers, consumers and the environment.»

Corbyn also criticised media coverage and warnings for both sides, saying that the debate had been dominated too much by «myth-making and prophecies of doom».

Jeremy Corbyn admitted his passion for staying in the EU was «seven, or seven and a half» out of ten. He said he voted «Remain» but now says he would respect the results of the referendum if he gains power.

Mays Conservatives got the most votes and the most seats, but no one is calling her a winner, and her survival is in doubt. Meanwhile Corbyns band of supporters is riding a most unexpected wave.

Jeremy Corbin can be the next President. A man who backs higher taxes, nuclear disarmament, and state control of industries. In addition; he has a history of closeness to extremist groups including IRA (Irish Republican Army).

Brexit negotiations will begin on 19 June 2017.

 

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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