Companies & CEOs

One of the first major IPOs in Europe this year was derailed by market volatility. Dutch file-sharing service WeTransfer announced it had cancelled its listing the day before the start…

Deutsche Bank, Germany's largest bank, posted a net profit of €2.51 billion last year, a fourfold year-on-year increase and the highest since 2011, according to the credit institution's accounts.

Toyota, one of Japan's largest carmakers, has once again announced the suspension of production at 19 lines in 11 plants inside the country due to the coronavirus, as well as…

US oilfield services company Halliburton Inc. posted a net profit of $1.469 billion last year, following a loss of $2.942 billion a year earlier, the company said.

According to CNBC, Peloton will halt production of exercise bikes and treadmills for two months in February and March, as evidenced from internal documents of the company. Peloton cited poor…

Iraq's State Oil Marketing Organization (SOMO) and China's Sinopec have initialed an agreement to jointly develop the Mansouria gas field with a planned production rate of 300 million cubic feet…

U.S. Procter & Gamble (P&G), one of the global leaders in consumer products, posted a 2.1% year-on-year increase to $8.368 billion in net profit for the first half of fiscal…

Emirates airline Emirates has said it will reduce the number of flights to the US due to the deployment of 5G cellular network infrastructure near a number of US airports.

Big brands including Pepsico, Coca-Cola, Walmart, Unilever, Nestle and others have called for a global pact to fight plastic pollution.

Global air passenger traffic in November declined 47% from its pre-crisis (November 2019) level, following an October decline of 49%, according to the International Air Transport Association (IATA)’s press release.

The US-based Boeing Co., one of the world's largest manufacturers of aircraft, space and military equipment, has received orders for 909 aircraft in 2021, a 17.9 percent increase over Europe's…

The spread of the omicron strain in the US has forced upcoming companies to rethink their plans. Some of them are refusing to celebrate their debut widely, while others are…

Apple CEO Tim Cook earned nearly $100 million in 2021, 570% more than a year earlier, and 1,447 times the company's average salary.

US billionaire Warren Buffett's bet on investing in Apple shares could be one of the most rewarding for an investor. Buffett's conglomerate, Berkshire Hathaway, bought the tech giant's 5% stake…

Riot Games has agreed to pay a $100 million settlement to former female employees who launched a discrimination and sexual harassment class action lawsuit in 2018.

Apple's supplier has halted iPhone production at a factory in India due to a mass poisoning of employees that sparked protests. This is not the first conflict between iPhone assemblers…

Moderna shareholders demanded that the company explain the high cost of its COVID-19 vaccine and disclose its production technology to companies in non-wealthy countries, the FT learned. Moderna challenged the…

In trading on Thursday, December 23, Tesla's market capitalization once again surpassed $1 trillion, reaching $1.07 trillion, the last time it was at that level on December 10.

The US regulator has announced launching an inspection of Tesla electric cars due to complaints about the availability of video games to drivers while driving.

German electricity company Neckermann Strom AG, which provides services to some 13,000 customers nationwide, has filed for bankruptcy amid rising energy prices, Wirtschafts Woche reports.

Electric car maker Rivian has decided to build a new plant in the US for $5 billion to boost sales. The company held its IPO in November and the shares…

According to the Financial Times (FT), which cites its own sources, the US Treasury Department will add eight more Chinese enterprises to its blacklist for comprehensive surveillance of Uighurs in…

US company Meta, which owns the social network Facebook, has acquired the trademark of a bank with the same name in the US for $60 million, media reports citing sources…

Goldman Sachs strategists see no reason to expect a significant fall in the US stock market in the coming months. The S&P 500 index, which includes the 500 largest US…

Bloomberg reports that China Evergrande Group has been pronounced a defaulter, marking the end of the world's most problematic developer's months-long financial drama.

Volkswagen is still planning an initial public offering for Porsche, the sports car manufacturer.

Tim Cook, the CEO of Apple, struck a $275 billion "secret" arrangement with Chinese officials in 2016 to get around the country's limits on his company's activities. Information reported on…

One of the world's richest men, Jeff Bezos, last year pledged to give $10bn to fight climate change by 2030. He has only paid out $791m of the pledge. On…

Saudi oil and gas company Saudi Aramco has agreed to sell 49% in its new subsidiary Aramco Gas Pipelines Company to a consortium led by BlackRock Real Assets in a…

During the visit of French President Emmanuel Macron to Saudi Arabia, Saudi Aramco, the Saudi state-owned oil and gas business, struck five deals with prominent French firms, including one with…

Central Retail, a Thai corporation, will purchase Selfridges, a British luxury department store, for £4 billion ($5.3 billion), said The British publication The Times, citing sources. According to reports, the…

The Frankfurt headquarters of the consulting firm PwC, as well as its offices in Berlin, Hannover, Stuttgart, and Düsseldorf, were searched on the 30th and 1st of November.

SpaceX founder and owner Elon Musk has called the situation with the development of the Raptor rocket engine "appalling" and warned of possible bankruptcy over the problem, CNBC reported, citing…

The US Federal Trade Commission (FTC) has begun an inquiry into the origins of the country's supply chain disruption.

Samsung has announced that it will build a new semiconductor plant in the US for $17bn. Earlier, the US Senate approved direct subsidies worth $52bn for the establishment of chip…

US-based HP Inc reported net profit of $6.503 billion for fiscal year 2020-2021, up 2.3 times from the previous fiscal year, the company said on October 31.

Ford has decided to enter the semiconductor and processor market. The company has signed an agreement that it will participate in chip development and may even manufacture them in the…

Steel giant ArcelorMittal intends to buy back shares worth a total of $1 billion as part of its fifth share buyback programme, the company said.

Dubai has started issuing five-year entry permits to employees of foreign companies. Work-related foreigners account for more than 90% of the city's population.

Oil and gas company Royal Dutch Shell has decided to change its shareholding structure, becoming a UK tax resident instead of the Netherlands and shortening its name simply to Shell.…

Several low-cost carriers have ordered 255 aircraft from Airbus. The deal is valued at more than $30bn without discounts.

German carmaker Daimler has sold its stake in France's Renault for €305 million, the Wall Street Journal reported, citing the company.

Taxi ordering service Gett has officially announced plans to go public via a merger with SPAC. The company has a preliminary valuation of $1bn.

US diversified technology group General Electric (GE) plans to split into three companies responsible for healthcare, energy and aviation, according to a company release.

Japanese automaker Nissan Motor's net profit attributable to shareholders of the parent company was 168.646 billion yen ($1.5 billion) for the first half of fiscal 2021-2022, compared with a loss…

After the pharmaceutical giant Pfizer announced a pill for the coronavirus, shares of Asian casinos and airlines have risen sharply, writes Bloomberg.

Danish shipping company A.P. Møller-Maersk A/S (Maersk) has launched the first phase of a buy-back programme in which it will buy back shares worth up to 8 billion kroner (about…

Elon Musk, the world's richest man, has launched a vote on Twitter to sell 10% of his Tesla stock. He said there is now "a lot of chatter" about unrealized…

Japanese carmaker Mitsubishi Motors posted a net profit of 21.7 billion yen ($191 million) for the first half of fiscal 2021-2022, ending Sept. 30, after a loss of 210 billion…

Household goods chain IKEA may resort to price increases for the first time since 2019, while the company's profits are shrinking due to supply disruptions, Inter Ikea chief financial officer…