Companies & CEOs

A case filed by Jeffrey Epstein's sexual abuse victims against Deutsche Bank has been resolved. They will receive $75 million in total compensation from the bank.

The valuation of Chinese online clothes retailer Shein dropped from $100 billion to $66 billion during the funding round. In spite of this, the company managed to secure $2 billion…

According to Bloomberg, which cited sources, Anglo-Dutch Shell intends to sell Eolfi, the French floating wind farm development business it bought in 2019.

CEO of bitcoin exchange Coinbase Brian Armstrong stated that the trading site will continue to operate in the US.

According to UBS CEO Sergio Ermotti, Switzerland's largest bank UBS anticipates completing its acquisition of Credit Suisse by late May or early June.

According to the company, Starbucks' net income for the first half of its fiscal year 2022–2023, which concluded on April 2, increased 18.3 percent year over year to $1.76 billion.

The gas division of ADNOC will be providing TotalEnergies with LNG worth $1 billion through 2025.

The SoftBank Group of Japan, which owns the British chipmaker Arm, has applied for an initial public offering in the US.

According to a press release from the firm, TotalEnergies, a French oil and gas corporation, will sell its whole ownership in its Canadian subsidiary, TotalEnergies EP Canada, to Suncor for…

According to a statement posted on the UK government website, the UK Competition and Markets Authority decided to prohibit Microsoft from purchasing Activision Blizzard, one of the most well-known video…

Visa's net income for the first quarter increased by 17% year over year, to $4.3 billion. Earnings per share grew by 20% to $2.03.

IT behemoth Microsoft Corp. said that its net income for the first nine months of its fiscal 2022–2023 year, which ended on March 31, 2023, decreased 6.6 percent year over…

Credit Suisse counted almost $69 billion in capital outflow during the first quarter as the Swiss bank was dealing with a crisis. The bank said that the outflows reduced after…

According to South Korea's Yonhap News Agency, American streaming giant Netflix announced that it would spend $2.5 billion in the Republic of Korea over the next four years to produce…

According to Bloomberg, Credit Suisse has filed a lawsuit against Softbank Group in the High Court, seeking $440 million from the Japanese business. The lawsuit is a component of the…

Taiwan Semiconductor Manufacturing Co. (TSMC), the largest semiconductor manufacturer in the world, is asking for $15 billion in U.S. subsidies, but the conditions are unsatisfactory because the company does not…

German insurance giant Allianz has decided to sell its ownership interest in fintech startup N26, the Financial Times writes.

According to a press release from the firm, oil production has begun in the subsea field Bauge in the Norwegian Sea, whose reserves are thought to be 50 million barrels…

The Paris court found Airbus and Air France not at fault In the accident of flight AF447 from Rio de Janeiro to Paris on June 1, 2009. All 228 passengers…

The Consumer Affairs Agency of Japan has fined pharmaceutical company Taiko Pharmaceutical more than 600 million ($4.57 million) for using false representations in its advertisements of the antibacterial medicine Cleverin.

According to the company's report, orders for the European aircraft manufacturer Airbus declined by nearly five times in March compared to February, and totaled 20 aircraft.

According to the California district court decision, Elon Musk's X Corp. merged with Twitter, ending its existence as a separate business.

U.S. ExxonMobil will end its unsuccessful search for oil in Brazil, reports The Wall Street Journal (WSJ), citing sources.

The US pharmaceutical company Johnson & Johnson (J&J) announced that it would set aside $8.9 billion to resolve "all current and future" claims against the company's products. The company is…

Bernard Arnault, Head of the LVMH group that controls the brands Christian Dior, Louis Vuitton, Moet & Chandon, and others, is now at the top of Forbes' annual list of…

According to Bloomberg, refineries in Asia were dissatisfied with the unexpected decision of OPEC+ exporters to cut back on oil output, and are considering finding new suppliers.

The McDonald's company is closing its U.S. offices for a full week starting on April 3, writes The Wall Street Journal referring to the management’s letter to employees. The choice…

Toyota Motor Corp. announced today that its February worldwide sales reached a record high and that global production rose for a second consecutive month, which means a recovery after a…

Sam Bankman-Fried, the creator and former CEO of the FTX cryptocurrency exchange, was accused of planning to bribe one or more Chinese officials to unlock his hedge fund accounts, according…

BP may fully acquire the solar energy company Lightsource, say Reuters’ sources.

The US Securities and Exchange Commission (SEC) has informed US cryptocurrency exchange Coinbase of upcoming accusations against the business, according to a statement the exchange made public.

Nike, a U.S. manufacturer of sports apparel, decreased net profit on an annualized basis by 12% to $4.039 billion during the first three quarters of its fiscal year 2022–2023, which…

The Credit Suisse (CS) brand, which was established in the middle of the 19th century, will continue to exist until the deal with UBS is completed, according to CS chairman…

The operating profit of Rheinmetall, the biggest defense company in Germany, increased by 27% from 2021 to a record-breaking €754 million in 2022. Armin Papperger, the CEO of Rheinmetall, claimed…

Investors have invested $6.5 billion to Stripe payment provider. In a new round of funding, Stripe was valued at $50 billion, less than half of what it was in 2021…

Credit Suisse which shares the day before collapsed by a third will borrow $54 billion from the Swiss Central Bank to strengthen its liquidity.

Following a "last-minute" request from the U.S. Securities and Exchange Commission (SEC), Swiss bank Credit Suisse announced that it is postponing release of its 2022 financial report.

Silvergate Capital Corporation stated that it is closing down and liquidating operations of its cryptocurrency bank Silvergate Bank.

Adidas' net profit decreased 3.5 times to €612 million in 2022.

On March 7, shares of Australian funeral provider InvoCare rose sharply after news that the company received a purchase offer from US investment firm TPG Global.

According to a press release from Saudi Aramco, the company intends to invest in Geely and the Renault Group partnership. The two carmakers intend to establish a company that will…

Anheuser-Busch InBev (AB InBev), a Belgian brewer, reported in a statement that its 2022 earnings increased by 12.8 percent to $6.454 billion.

According to Agence France-Presse, the Swiss company Nestle is closing its manufacturing and headquarters in Myanmar, joining a number of other Western businesses that departed the nation after a military…

The FT reported that Trafigura made a number of errors that brought $577 million loss to the company.

Alibaba's net earnings decreased by 37% in the first three quarters of the fiscal year.

According to the company’s CEO Patrick Pouyanne, the cost of gasoline and diesel at TotalEnergies stations will not exceed €1.99 per litre in 2023.

Tesla will not produce all of its batteries at the facility it is building in Grünheide, Germany, according to Reuters. The decision was taken due the US Inflation Tax Act.

Rio Tinto revealed that it would provide BMW with aluminum made in Canada using hydroelectric power. This will lessen the carbon footprint created by the automaker's metal purchase.

The largest retailer in the world, U.S. Walmart, reported in a press release that its fiscal year 2022–2023 (which ended Jan. 31) saw a fall in its combined net income…

According to British-Hong Kong banking corporation HSBC Holdings plc's report, the bank increased net income attributable to shareholders last year by 17.6% to $14.822 billion.