Exxon Mobil, one of the world's largest oil companies, may announce its intention to cut carbon emissions to zero in 30 years. Exxon Mobil Corp. is discussing a promise to reduce emissions of carbon, a major greenhouse gas, to zero by 2050, sources familiar with the situation told The Wall Street. CEO Darren Woods is now discussing the idea with the company's board of directors, the sources...

PepsiCo Corporation announced sale of several juice brands, including Tropicana and Naked Juice, in North America. They will be acquired by the French investment fund PAI Partners for $3.3 bn. According to the terms of the deal, PepsiCo will get a 39% stake in a new joint venture which will manage the brands and will retain exclusive rights for juice distribution in North America. PAI Partners...

The founder of Beyond Meat, the world's largest plant-based meat producer, supported the idea of a tax on animal meat. He believes it would encourage people to reduce their consumption of animal products and help them invest more in plant-based protein. Ethan Brown, the founder and chief executive of Beyond Meat, the world's biggest plant-based meat producer, has spoken out in favour of...

The UK Competition and Markets Authority (CMA) said it has launched a review of Facebook's takeover of customer relationship management (CRM) company Kustomer. The watchdog intends to determine whether the deal will reduce competition in the UK market. Facebook announced the purchase of Kustomer in November 2020, the terms of the deal have not been publicly disclosed. According to The Wall...

Renault's chief executive Luca de Meo has reported a "return from hell" for the first half of the year. He said this in an interview with Bloomberg. According to de Meo, the worst is over and the company has started earning again. Renault made a profit of $368 million in the first half of the year, while the company recorded a loss of €7.4 billion in the same period in 2020.  In the first...

Fintech startup Robinhood, which has developed a popular app for retail investors, raised $2bn in its IPO. Its shares traded at $38, the lower end of a previously established $38-$42 price range. Robinhood's shares will begin trading on NASDAQ on Thursday under the ticker symbol HOOD. Robinhood's IPO didn't follow the traditional pattern: while usually the bulk of shares in an offering are sold...

Facebook and Google have announced that employees must be vaccinated against the coronavirus before returning from remote work to their offices. Netflix has announced mandatory vaccinations for actors and other workers who come into contact with them on sets. It is not specified how many employees of these companies have already been vaccinated. Google CEO Sundar Pichai said the mandatory...

Quarterly reports from the world's biggest technology companies showed that the sector, which not long ago enjoyed record profits during the pandemic, has adapted well to the new conditions, that is, the gradual decline of the epidemic and the lifting of coronavirus restrictions. The combined profits of the three largest technology companies in the latest quarter were $56.8 billion, almost double...

Countries around the world have been split in two because of unequal access to coronavirus vaccines, the International Monetary Fund (IMF) pointed out in its World Economic Outlook on 27 July. Some states will continue to face outbreaks and high mortality. Others can be counted on to continue to normalise, which is true of almost all developed economies. However, recovery has also been threatened...