Bayer, a German chemical company, has reached a settlement with most plaintiffs in the US glyphosate pesticide lawsuit. The agreement extends to an estimated 50-85 thousand out of about 125 thousand plaintiffs, Bloomberg reported, citing informed sources. The agreement has not yet been signed. Under its terms, each of the plaintiffs will receive several thousand to several million dollars....

TikTok and its Chinese clone earned $ 78 million with in-app purchases in April. This is the biggest result in the world; the figure exceeds YouTube, Netflix and Tinder. The total revenue of the TikTok mobile application and its Chinese counterpart Douyin in April amounted to $ 78 million, according to data from Sensor Tower analytical company. The figure does not include games and ads. This is...

Renault and Nissan, members of the Renault-Nissan alliance, are getting ready to announce spending cuts of more than $ 5 billion this week, the Wall Street Journal writes, citing sources familiar with the situation. Official announcements of companies are expected on Wednesday, Thursday and Friday, the publication added. According to sources, Nissan plans to cut spending by another $ 3 billion...

The combined market capitalization of the five largest US technology corporations - Microsoft, Apple, Amazon, Alphabet and Facebook - rose to a record $ 5.6 trillion. Although in March the price of their shares, as well as the shares of other companies, fell quite strongly, since then their value has recovered and has grown to values higher than before the crisis. Since the strongest fall in...

Qatar’s state-owned oil and gas company Qatar Petroleum (QP) intends to cut costs by about 30% amid falling oil and gas prices, said the company’s head Saad al-Kaabi. "We are going through a budget review... In June, we will be somewhere within 30% to reduce costs, capex and operating costs," Reuters quoted al-Kaabi as saying. Along with this, he noted that the company still adheres to plans to...

Renault is considering closing three small plants in France to cut costs, Les Echos writes citing sources. This decision may be announced in the coming days. Renault may close a small enterprise with 260 employees in Choisy-le-Roi (Val-de-Marne), a foundry in Brittany with 385 employees. After them, the car factory in Dieppe, where 385 people also work, may be closed. The plant in the Yvelines...

Sales of a start-up that offers tooth alignment systems without having to visit an orthodontist have grown by 1,000% during the pandemic. Unlike its competitors, even before the lockdown the company suggested that clients make an impression of the jaw independently and consult a doctor online. Sales of Byte startup, which offers dental alignment systems without having to visit an orthodontist,...

The American company Johnson & Johnson announced that it will stop the production of baby powder in the USA and Canada. In the past, the product brought up numerous lawsuits against the manufacturer. "The company decided to finally cease production of approximately 100 products... including Johnson's Baby powder based on talcum powder. This solution will only apply in the US and Canada," the...

The largest Canadian airline Air Canada announced that it has decided to reduce the number of employees by up to 60% in order to save money and distribute the workload while reducing traffic soon. According to company estimates, from 19 thousand to 22.8 thousand out of 38 thousand employees will be downsized.  The company’s management decided on massive reductions due to restrictions...