On August 31, US billionaire Warren Buffett's Berkshire Hathaway investment fund announced the purchase of five percent stakes in five of Japan's largest trading companies: Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo. The total amount of the transaction, according to media estimates, based on the price of the companies' shares last Friday, amounted to $ 6.3 billion. Trading companies are...

Beverage maker Coca-Cola has announced a reorganization of operations that will cut about 4,000 jobs. The cuts will primarily affect the United States, Canada and Puerto Rico. The company's business will be divided into nine new divisions within four geographic segments, compare to 17 current divisions. As a result, the company hopes to streamline operations, eliminate duplication and achieve...

Walmart, the largest supermarket chain in the United States, has filed a joint bid with Microsoft to purchase the Chinese app TikTok. The retailer's decision was confirmed by a Walmart representative on CNBC. According to Bloomberg sources, the owner of the application, ByteDance, has so far received two offers to purchase - a joint one from Walmart and Microsoft and one from Oracle. Final...

Germany's Lufthansa Group announced that its member airlines Lufthansa, Swiss, Austrian Airlines and Brussels Airlines have canceled rebooking fees by the end of the year. In the spring, these airlines have already introduced a one-time free rebooking option. Now Lufthansa Group customers can change their tickets several times free of charge, including tickets at the lowest price without paid...

The Irish low-cost airline Ryanair announced a 20% decrease in passenger traffic in September and October compared to previously planned. This is due to an increase in the number of COVID-19 infections in some European countries and a decrease in demand for air travel due to this. "Advance bookings have dropped significantly in the past 10 days, given the continuing uncertainty over the frequency...

Facebook said Apple is hurting small businesses by charging a 30% commission on in-app purchases. The criticism from Zuckerberg's company came after Apple removed the Fortnite game from the app store. Telegram founder Pavel Durov earlier called Apple commissions "digital slavery". Facebook has joined a growing list of companies publicly criticizing Apple for the 30% commission for iOS app...

The German auto concern Daimler will spend about $ 1.5 billion to settle the "diesel scandal" with the US authorities, and another $ 700 million - to settle a class action lawsuit on this matter, the company said in a release. In June 2019, the Bild tabloid reported that the German Federal Automobile Authority (BKA) ordered Daimler to recall 60,000 Mercedes-Benz GLK 220 CDI vehicles "due to...

Net profit of the Carlsberg group of companies, one of the world's leading beer producers, attributable to shareholders in the first half of 2020 fell by 7.3% in annual terms and reached 2.855 billion Danish kroner (451 million dollars), follows from the company's financial statements. Diluted earnings per share for the six months were 19.3 kronor ($ 3.05) versus a profit of 20.2 kronor ($ 3.19)...

Interpol has put the former operating director of the German company Wirecard Jan Marsalek on the international wanted list. His photograph was published on the organization's website. The media reported that he may be hiding in Russia. The search for Jan Marsalek is also reported by the Federal Office for Criminal Affairs of the Federal Republic of Germany (BKA). He is suspected that, along with...