If negotiations between Salesforce and Slack Technologies are successful, the purchase of a corporate messenger worth approximately $17 billion will become the largest acquisition in the history of the cloud CRM system manufacturer. Salesforce, a business software company, may soon conclude a deal to purchase Slack Technologies, the main product of which is the corporate messenger Slack. ...

Chinese technology corporation Xiaomi presented its third quarter financial statements. The company's revenue grew by 34.5% to 72.2 billion yuan ($11 billion). This is the most significant quarterly growth in the company's revenue in the last two years. Xiaomi's adjusted net profit increased by 19% to 4.1 billion yuan ($623 million). Xiaomi's good results were helped, among other things, by the...

German oil and gas company Wintershall Dea recorded a net loss of €748 million in January-September 2020, the company said. The company compared this figure with its first financial results for May-December 2019 after the merger of the assets of Wintershall and Dea into a single structure; during this period it recorded a net profit of €315 million. At the same time, the adjusted net profit of...

The U.S. aviation watchdog approved the operation of the Boeing 737 MAX, which was banned for 20 months - the longest period in the country's history. The aircraft will be serviced and the pilots will receive additional training before they start operating. The first flight after the ban is scheduled for 29 December. However, regulators from Canada, Brazil and Europe, who had previously taken...

One of the largest and oldest retailers of the Russian segment of the Internet, Ozon, is going to raise up to $1 billion in an IPO at the US NASDAQ amidst tremendous investor interest. Value of the entire company could reach $5.6 billion, the Financial Times learned. Russia's oldest online retailer Ozon plans to raise $750 million to $1 billion in an IPO on the NASDAQ exchange, and the valuation...

Walmart, which operates the largest US retail chain, has announced the sale of a majority stake in Japan's Seiyu supermarket chain. Walmart sells 85% of the company's shares for 172.5 billion yen ($1.6 billion) to the U.S. investment fund KKR (which will hold a 65% stake in Seiyu) and Japanese online retailer Rakuten (which will hold a 20% stake). Walmart retains a 15% stake in Seiyu. The chain...

The world’s richest man, founder of the online retialer Amazon, Jeff Bezos, has donated $791 million to 16 environmental organisations. They will receive money from the "Bezos Earth Foundation". The billionaire wrote in Instagram that these organisations "are working on innovative, ambitious and dynamic solutions". The money will go to the World Wildlife Fund (WWF), ClimateWorks Foundation,...

The Securities and Exchange Commission (SEC) has accused John Stumpf, former Chairman and CEO of Wells Fargo, one of the largest banks in the United States, and Carrie Tolstedt, former Head of Consumer Banking at Wells Fargo, of providing inaccurate information to investors about the performance of consumer banking at Wells Fargo. It is reported that between 2014 and 2016, former top managers of...

During the same time, passenger traffic decreased by 95 percent, to 1.5 million people. This was stated in a report circulated by the Dubai-based airline on Thursday. Over the same period last year, the airline generated revenue of $235 million. The airline's previous losses were recorded for the fiscal year 1987-1988. The Chairman and CEO of Emirates Airlines and the Emirates Group of...