Companies & CEOs

According to the Financial Times, the European Commission may thwart International Consolidated Airlines Group S.A.'s (IAG) acquisition of the Spanish airline Air Europa.

The Financial Times reports, citing the company's annual report, that the British Broadcasting Corporation (BBC) intends to fire roughly 500 workers as part of a cost-cutting initiative.

The Swiss business Nestle Waters has been illicitly filtering tainted water and marketing it as "natural mineral water" since the 1990s, writes the French online site Mediapart.

According to a statement from the company, the Swedish home appliance manufacturer Electrolux Group has agreed to sell its Kwikot water heater division in South Africa for 2.4 billion rand…

Two Chinese solar panel manufacturers and Saudi investors will invest about $3 billion to establish panel production facilities in Saudi Arabia, according to MarketWatch.

Apple Inc.'s revenue in India climbed by almost 33% to nearly $8 billion in the most recent fiscal year, which concluded in March, according to Bloomberg referring to sources.

Microsoft and US-based Occidental (Oxy) have reached an agreement for the sale of 500,000 tons of carbon dioxide removal credits over a six-year period through 1PointFive, a subsidiary.

Following their discovery that Citigroup Inc. had neglected to address persistent internal control issues, US regulators fined the bank $135.6 million.

In an environmental report, Google stated that it was unable to lower its CO2 emissions in 2024 due to rising energy consumption from data centers and artificial intelligence.

Oriental Land, which runs the Disneyland theme park in Tokyo, recently announced that it is growing its business relationship with US Disney Enterprises Corporation.

French energy giant Engie has begun building one of the biggest battery energy storage systems in Europe at a location near Vilvoorde, Belgium.

Preliminary charges of involuntary manslaughter have been brought against Swiss Nestle and its local subsidiary Société des Produits Alimentaires de Caudry (SPAC) by French prosecutors in the Buitoni frozen pizza…

The Government Pension Fund of Japan (GPIF) realized an investment return equivalent to 22.7% of its total assets, or 45.42 trillion yen ($281.2 billion) for the fiscal year that concluded…

US retailer Saks Fifth Avenue has struck a deal to be acquire its competitor Neiman Marcus for $2.65 billion.

The agreement for Deutsche Lufthansa to purchase a portion of Italy's ITA Airways (formerly Alitalia) has been authorized by the European Commission.

According to a joint press statement, Hyundai Motor Co. of South Korea and LG Energy Solutions have opened the first $1.1 billion electric vehicle battery plant in Indonesia.

Shell has decided to halt the development of a biofuel manufacturing facility in Rotterdam for the time being.

The Wall Street Journal reports that the U.S. Justice Department will demand that Boeing Co. enter a guilty plea for willfully misleading air safety regulators about material facts regarding the…

US memory chip manufacturer Micron Technology reported a net profit along with a significant growth in revenue in the third quarter of fiscal 2024.

Reuters reports, citing sources, that Shein has submitted an IPO application in London.

The deal between RXO Inc. and United Parcel Service (UPS), the largest express delivery service in the world, calls for UPS to sell its freight brokerage business to Coyote Logistics…

As Bloomberg notes, citing sources, Nasdaq has tightened its oversight over small initial public offerings (IPOs) by Chinese and Hong Kong companies.

The French investment firm Ardian and the Saudi sovereign wealth fund Public Investment Fund (PIF) have reached a deal to purchase roughly 38% of London's Heathrow Airport.

The European Commission (EC) is getting ready to file proceedings against Apple Inc. in the United States for allegedly stifling competition on the App Store in the upcoming weeks, writes…

The company behind Instacart, a US supermarket delivery service, Maplebear Inc., is starting a $500 million share repurchase program.

110 million shares of the telecom giant Deutsche Telekom AG are being offered for sale by the German state development bank Kreditanstalt für Wiederaufbau (KfW) for a total estimated price…

According to The Wall Street Journal, which cites reliable sources, billionaire investor Bill Ackman intends to list his hedge fund Pershing Square Capital Management for public offering next year.

A new facility was established in Mesquite, Texas, which is close to Dallas, to produce 155 mm artillery shell casings, writes the New York Times. The business, which operations haven't…

A memorandum of understanding was signed with Tunisia by TE H2, a joint venture between TotalEnergies and EREN Groupe, and VERBUND, Austria's top electric utility, to investigate the implementation of…

Elon Musk's AI business, xAI, has completed a $6 billion financing round. According to the billionaire, the company was worth $18 billion before the funding.

According to the Economic Times, Google, a division of Alphabet Inc., contributed $350 million to the $1 billion financing round that Indian online retailer Flipkart, which is owned by Walmart…

The Bank of England's Prudential Regulation Authority (PRA) imposed a £33.8 million fine on Citigroup Global Markets Limited.

The biggest retailer in the United States, Walmart Inc., reported a 6% gain in revenue and a more than threefold increase in net income in its first quarter of fiscal…

The enigmatic business whose shares billionaire Warren Buffett's investment firm Berkshire Hathaway unveiled for $6.7 billion turned out to be insurance Chubb Ltd.

BHP Group submitted a fresh merger proposal to Anglo American, which was once more turned down, the BHP press release reads.

A deal has been agreed by Shell Singapore Pte, a division of the British oil and gas corporation Shell, to sell refinery and petrochemical assets in Singapore to CAPGC Pte,…

Allete Inc., a generator of renewable energy in the United States, is being acquired by a group of investors led by the Canadian pension fund Canada Pension Plan Investment Board…

According to Rystad Energy analysts, the number of mergers and acquisitions (M&A) in the worldwide oil and gas business in the first quarter was the most in the previous five…

The US Securities and Exchange Commission (SEC) closed the auditing firm BF Borgers due to allegations of widespread fraud.

According to Bloomberg, which cites sources, the French conglomerate LVMH is thinking about selling its 80% ownership in the Marc Jacobs brand. Fans of fashion designer Marc Jacobs made an…

Changpeng Zhao, the founder and former CEO of the biggest cryptocurrency exchange Binance, has been sentenced to four months in prison in the US, writes The Wall Street Journal. The…

The Czech billionaire Daniel Křetinsky, owner of the energy conglomerate EP Corporate Group (EPCG), has agreed to purchase a 20 percent share in ThyssenKrupp's steel division. The firms intend to…

Republic First Bank, which has locations in Pennsylvania, New Jersey, and New York, has been taken over by US authorities after its bankruptcy.

The US National Highway Traffic Safety Administration (NHTSA) has opened an inquiry into Tesla’s recall that impacted two million electric vehicles in December of last year.

The first quarter of 2024 saw a considerable reduction in net profit for Petroleos Mexicanos (Pemex), the state-owned oil firm in Mexico, as a result of fewer sales, fluctuating foreign…

In fiscal year 2024, which concluded on March 31, Japan's Toyota Motor Corp. sold over ten million cars, which makes a 7.3 percent increase from the previous year, the company…

Due to their improper business practices, two divisions of Amazon.com Inc. have been penalized €10 million by Italy's antitrust authorities.

According to an open letter from Google CEO Sundar Pichai, U.S. Google, a component of Alphabet Inc., will combine the division in charge of building the Android software and Chrome…

According to a proposal put out by the government in reaction to Credit Suisse's failure, Swiss bank UBS Group AG will have to provide a substantial amount of capital, as…

South China Morning Post, citing documents on the exchange's website, reports that China's Sichuan Baicha Baidao Industrial—owner of the well-known ChaPanda tea shop chain—plans to begin an initial public offering…