Companies & CEOs

The Swedish manufacturer does not regard Zanussi as a core asset anymore.

The sum exceeded $42 billion.

The corporation has released reports for the years 2021 and 2022, which disclosure was long overdue.

The typical classification period for these records is 30 years, but in this case the MPs decided it was important to extend it in order to "ensure proper confidentiality," according…

The federal court in San Francisco received the lawsuit.

The penalty was calculated in accordance with the EU merger rule, which permits fines of up to 10% of a company's annual revenue.

The San Francisco court has given Microsoft Corp. permission to complete the acquisition of Activision Blizzard, a large US video game company. The accompanying judgment was published on Tuesday in…

One of the factors behind the carrier's decision, according to the Independent newspaper, was airspace constraints caused by the situation in Ukraine.

According to Bloomberg, Jack Ma's businesses have suffered losses of more than $ 850 billion as a result of his disputes with the Chinese government.

Suspension of all excursions has been declared by OceanGate, the firm in charge of the Titan bathyscaphe that sank in the Atlantic Ocean in June, killing five people, including Stockton…

Major pharmaceutical companies want to increase production in China because of the country's aging population, rise of chronic diseases, and gastrointestinal ailments.

According to Bloomberg, the national oil corporation of Abu Dhabi and the Austrian oil and gas behemoth OMV are considering combining their two businesses, which could create a $30 billion…

The FT has discovered that Apple has dramatically scaled back its production plans for its new mixed reality helmets in 2024.

Following the European Commission's permission, AD Ports Group got Spain's final approval of the transaction.

Shein, a Chinese online retailer, submitted required documentation to the Securities and Exchange Commission (SEC) of the United States in preparation for an initial public offering of its shares, reports…

The yearly stress test for the 23 biggest US banks was announced by the US Federal Reserve (Fed) yesterday, June 28.

According to the WSJ, FTX has started talking to investors about relaunching its cryptocurrency exchange.

According to Defense One, American military giant Raytheon has rehired former workers to assist in restarting Stinger missile production.

According to the Xinhua news agency, the European aircraft manufacturer Airbus delivered an airplane that had been put together in Tianjin, China, to a European airline for the first time.

The Italian energy corporation Eni purchased British Neptune Energy for $4.9 billion. Eni, which owns 63% of the Norwegian oil and gas business Var Energi, also participated in the transaction.…

A settlement has been reached in a class action lawsuit brought by 3M, a U.S. multinational corporation, against citizens of multiple states in connection with the chemical contamination of nearby…

Warren Buffett, 92, has donated Berkshire shares worth $4.6 billion to charity.

Mazda Motor, one of the largest vehicle manufacturers in the world, announced that the company may begin receiving electric car batteries from Panasonic of Japan.

According to Bloomberg, which used data from cryptocurrency analytics firm Kaiko, Binance, the largest cryptocurrency exchange in the world, saw a decline in market share from 22% at the end…

The former CEO of Nissan Motor, Carlos Ghosn, has filed a lawsuit against the firm and several related parties for his termination in 2018 and the subsequent planning of his…

Following a year-long "disappearance" due to pressure from Beijing on the company he founded, billionaire Jack Ma has returned to the public eye more frequently.

A division of Warren Buffett’s Berkshire Hathaway company boosted its stakes in five Japanese trading firms.

The national government will provide approximately 120 billion yen ($860 million) in subsidies to Toyota, the largest automaker in Japan, to help it develop and manufacture cutting-edge batteries for electric…

The European Union has given the Chinese technology corporation Huawei €3.89 million for research and development of inventions under the Horizon Europe initiative, writes the Financial Times.

American Intel is in discussions to invest as an anchor in the IPO of British chipmaker Arm.

The US Federal Trade Commission requested that a judge halt Microsoft's acquisition of Activision Blizzard.

Participation of foreign banks in Chinese initial public offerings has reached its lowest level in 14 years. They currently only make up 1.2% of the value of new products, down…

According to a statement posted on the website of the French finance ministry on Thursday, France has completed the nationalization of energy business EDF. The company has also totally stopped…

A Canadian rival of OpenAI has secured $270 million from investors, including Oracle and Nvidia. Now, the artificial intelligence start-up company called Cohere is worth more than $2 billion.

According to the Guardian newspaper, the UK Advertising Standards Authority (ASA) has prohibited various commercials from the UK-Dutch Shell, Spain's Repsol, and Malaysia's Petronas because they misled customers on the…

According to Reuters, which cited its own sources, the Italian energy major Eni is in secret negotiations to acquire the oil and gas company Neptune Energies. The transaction could cost…

U.S. pharmaceutical company Merck filed a lawsuit against the U.S. Department of Health and numerous other governmental organizations in the U.S. District Court for the District of Columbia. According to…

The value of the Elon Musk’s company Neuralink, which creates chips for brain implantation, has surpassed $5 billion, reports Reuters.

Pixar animation studio has laid off 75 employees. This is the first round of layoffs at the business in ten years, according to Reuters.

Lucid Motors, a manufacturer of high-end electric vehicles in the United States, declared its plan to offer more shares of its common stock in order to raise around $3 billion.

Nvidia, a U.S. chip manufacturer, reached a trillion-dollar market valuation.

Temasek Holdings, a Singapore investment fund reduced financial pays of employees who were in charge of making investments in the cryptocurrency startup FTX Group, which failed last year.

According to the WSJ, US authorities have given a record $279 million prize to whistleblower from Ericsson, who revealed that the Swedish business obtained contracts in poor nations through bribery.

Bloomberg: Nvidia chief's fortune rises to $34 billion after share price spikes.

Italian Ministry of Economy and Finance and Lufthansa Group have announced that the German airline has purchased a part in ITA Airways (formerly Alitalia), the national carrier of Italy.

The European Court of Justice upheld Ryanair's appeal against Italian state subsidies for COVID-19-affected airlines in its second instance decision. The European Union gave its approval to the government payments.…

The German utility EON SE will establish a new trading division in Europe to take advantage of opportunities in the European power and natural gas markets, Bloomberg reports.

Apple may surpass Amazon as the first business in history to be valued at over $3 trillion, reports Bloomberg.

According to Irish broadcaster RTE, Meta has been fined a record-breaking €1.2 billion by Ireland's data protection authority for violations regarding transfer of personal data from the EU to the…

The China Cyber Administration (CAC) announced on Sunday that US semiconductor manufacturer Micron had failed a cybersecurity test and critical infrastructure operators in China should stop buying its goods.