The English High Court has ruled that Australia's BHP is responsible under Brazilian law for the collapse of a tailings dam at the Fundão mine in the Brazilian state of Minas Gerais, which occurred in November 2015. The court determined that BHP is considered a "polluter" under Brazilian environmental regulations and has breached the country's civil laws. The full amount of possible damages will...

The European Commission has initiated an inquiry into Red Bull, an energy drink company. According to the Financial Times, the regulator is looking into whether the Austrian firm has misused its strong position in the market. The EC believes Red Bull may have created a strategy across Europe that affected the sales of other energy drinks that are bigger than 250 ml in stores like supermarkets and...

German semiconductor producer Infineon Technologies AG announced a net profit and higher revenue for the fourth quarter of its fiscal year 2025, which ran from July to September. During this quarter, the company's revenue rose by 1% compared to the same period last year, reaching €3.94 billion. The company's net profit was €231 million, a significant improvement from a loss of €84 million in the...

Goldman Sachs Group will get a fee of $110 million for helping Electronic Arts (EA) with a deal where a group of investors is buying the video game company for $55 billion. This is the biggest M&A fee ever recorded for the investment bank, as reported by the Financial Times. Before this, the largest fee Goldman Sachs had publicly shared was for advising on the $36 billion sale of Kellanova to...

Legendary investor and Berkshire Hathaway CEO Warren Buffett, who is ranked 10th on the Forbes online billionaires list with a net worth of $148.2 billion, released a letter to shareholders in which he stated he would be "going low." This means he will no longer conduct annual earnings calls and will stop speaking at the company's shareholder meetings. Buffett also revealed plans to increase the...

American AI startup Anthropic has revealed plans to establish new offices across Europe, marking an expansion of its operations in the region where interest in its AI, Claude, is consistently increasing. The company will set up its initial European offices in France and Germany, located in Paris and Munich. This brings the total number of Anthropic's European offices to five. In 2024, the...

American Starbucks Corp. has formed a joint venture with Chinese investment firm Boyu Capital, as reported by Xinhua. Under the agreement, Boyu will hold a 60% stake in the new venture, which will oversee the operation of Starbucks coffee shops in China. Boyu will be responsible for licensing the Starbucks brand and its intellectual property to the joint venture, with the remaining 40% owned by...

Kimberly-Clark Corp. has struck a deal to purchase Kenvue Inc., placing the value of the consumer healthcare products manufacturer at $48.7 billion, inclusive of debt. A joint press release states that Kimberly-Clark will compensate Kenvue shareholders with $3.50 in cash and around 0.15 of its own shares for each share. The proposal prices Kenvue shares at $21.01, roughly 1.5 times the closing...

Starbucks, the operator of the world's largest coffee shop chain, revealed that its US delivery service is continuing to expand quickly, with a year-over-year increase of almost 30% during the fourth quarter of its 2025 fiscal year. Delivery sales surpassed $1 billion in fiscal year 2025, which ended on September 30. The company explained that delivery orders are generally almost twice the size...