Boeing has agreed to pay $2.5bn in the two 737 MAX plane crashes that killed 346 people, Reuters reports. In doing so, the aircraft maker will settle charges of conspiracy to defraud the United States brought earlier by the Justice Department. The agreement includes a $243.6 million criminal monetary penalty, $1.77 billion in compensation payments to Boeing 737 MAX customers and the establishment...

Indian Transport Minister Nitin Gadkari told The Indian Express that Tesla will "begin operations" in India in early 2021. This implies the start of official sales of Tesla electric vehicles and their service in India. In addition, the minister noted that in case of successful sales, the company does not exclude the assembly of its electric vehicles in India. Tesla opened its first overseas...

The US company Apple has reduced the fee it charges for payments in the App Store for small developers from 30% to 15%. It was reported by MacRumors. Apple announced plans to reduce fees for developers with total annual revenue of less than $1 million on the App Store in the fall of 2020.  It was expected that the commission will be reduced in 2021, but developers have reported that the...

Heads of pharmaceutical companies BioNTech and Moderna have been included in Forbes' list of 50 new billionaires. They made their fortunes in healthcare amid the coronavirus pandemic, according to the publication's website. There are 50 new billionaires in the healthcare sector in 2020, according to Forbes. Their fortunes were boosted by the strong growth of the stock market, with investors...

The world's largest brewery, Anheuser-Busch InBev, has agreed to sell a 49.9% stake in its U.S. metal beer container plants for about $ 3 billion. The purchaser of these assets is a group of institutional investors led by the private equity firm Apollo Global Management. As noted in a statement by Apollo in connection with the conclusion of the deal, AB InBev will retain operational control...

Toyota Motor has had to close three of its plants in the UK and France due to a new strain of the coronavirus detected in Britain and the resulting border closures. According to The Japan Times, the carmaker has decided to send a plant in northern France and an engine plant near Chester, UK, on New Year's break two days earlier than planned.  Workers in both plants will begin their...

Employees of Amazon, the company by the world's richest man Jeff Bezos, started a strike in Germany over dissatisfaction with working conditions. This was reported by the Verdi union. The strike is due to last until 24 December. About 1,700 people will take part, according to the union.  Employees are protesting that the corporation continues to build up its billion-dollar profits but...

Lockheed Martin (LM) has agreed to buy rocket engine manufacturer Aerojet Rocketdyne Holdings, the US military-industrial company, the firm said in a statement. The parties expect to close the deal in the second half of 2021. Lockheed Martin has offered $56 in cash for each share. However, Aerojet management has decided to pay its current shareholders $5 as an extraordinary dividend at the...

Chinese billionaire Jack Ma is ready to share part of his business with the government if "the country needs it". Possible buyers could be state banks or other public sector investors. Billionaire Jack Ma has offered Chinese authorities and regulators any part of fintech giant Ant Group. Ma made such an offer to the government in a confidential meeting with government officials on November 2, The...