Companies & CEOs

Exxon Mobil, one of the world's largest oil companies, may announce its intention to cut carbon emissions to zero in 30 years.

PepsiCo Corporation announced sale of several juice brands, including Tropicana and Naked Juice, in North America.

The founder of Beyond Meat, the world's largest plant-based meat producer, supported the idea of a tax on animal meat. He believes it would encourage people to reduce their consumption…

The UK Competition and Markets Authority (CMA) said it has launched a review of Facebook's takeover of customer relationship management (CRM) company Kustomer.

Renault's chief executive Luca de Meo has reported a "return from hell" for the first half of the year. He said this in an interview with Bloomberg.

Fintech startup Robinhood, which has developed a popular app for retail investors, raised $2bn in its IPO. Its shares traded at $38, the lower end of a previously established $38-$42…

Facebook and Google have announced that employees must be vaccinated against the coronavirus before returning from remote work to their offices. Netflix has announced mandatory vaccinations for actors and other…

Quarterly reports from the world's biggest technology companies showed that the sector, which not long ago enjoyed record profits during the pandemic, has adapted well to the new conditions, that…

Countries around the world have been split in two because of unequal access to coronavirus vaccines, the International Monetary Fund (IMF) pointed out in its World Economic Outlook on 27…

Apple earned $21.7 billion in profits for the quarter ended June. It was the best result in the company's 45-year history among similar periods in previous years.

Shares in Chinese education technology (EdTech) companies plummeted after the country's authorities announced new regulations for the sector.

Marketplace iHerb, which specialises in selling health products, vitamins and mineral supplements, has filed for an IPO with the US Securities and Exchange Commission.

Twitter's revenue grew 74% year-on-year in the quarter, the fastest growth since 2014. The company noted a significant increase in advertiser interest in the social network.

The Coca-Cola Company, the world's largest soft drink maker, saw its net profit attributable to shareholders rise 7% year-on-year to $4.886 billion in the first half of 2021 (ended 2…

US oil services company Baker Hughes posted a net loss attributable to shareholders of $520 million in the first half of the year, down 20 times from a year earlier,…

The Mastercard payment system has started discussing the closure of the Maestro brand.

Founders of China's biggest IT companies have stepped up their philanthropic activities amid growing scrutiny from Beijing. They are donating billions in shares of their companies and millions of their…

Intel is in talks to acquire one of the largest specialist chipmakers, GlobalFoundries. The chipmaker is owned by Mubadala Investment, a US-based UAE investment fund. The $30bn deal could be…

Taiwanese manufacturer Pou Chen, which makes sneakers for Nike and Adidas, has suspended operations at a factory in Ho Chi Minh city, Vietnam. According to Reuters, the reason was an…

Zuckerberg is back to selling his Facebook shares almost daily after a break of nearly a year. Since November last year, he has sold $2.8bn worth of securities, 90% of…

US banking giant Goldman Sachs Group Inc.'s net profit attributable to shareholders rose 9.1 times year-on-year to $12.058 billion in the first half of 2021, the bank said in a…

Virgin Galactic shares plunged almost 13% shortly after trading opened. The day before, the space company successfully sent a full crew into space for the first time and returned to…

Most US states have decided to sue Google over the company's control of the Android app shop. This was reported by Politico.

Cryptocurrency payment service Circle has announced that it will go public via a merger with SPAC company Concord Acquisition.

Germany's Porsche AG and Croatia's Rimac Automobili have entered into an agreement to form a joint venture that will own luxury sports car manufacturer Bugatti.

Founder of online retailer Amazon, Jeff Bezos, has officially stepped down as CEO of the company, as previously planned.

PepsiCo plans to reduce the sugar content of carbonated drinks and iced teas sold in the EU by 25% by 2025, Reuters reports.

Investment app Robinhood has agreed with the US Financial Industry Regulatory Authority (FINRA) to pay $70m in exchange for a settlement of claims against it.

E-cigarette maker Juul has agreed to pay $40m to the state of North Carolina as part of a settlement.

Deutsche Bank has agreed to pay one of the world's largest wine producers, J.Garcia Carrion (JGC), more than €10m in compensation for imposing financial services misunderstood by the winery's employees,…

Johnson & Johnson has reached an agreement with the US state of New York under which it will pay New York City up to $263 million to offset the effects…

US news portal BuzzFeed is close to becoming a public company through a merger with SPAC (a special purpose vehicle for targeted mergers and acquisitions), The Wall Street Journal (WSJ)…

Microsoft's capitalisation has reached $2 trillion, now the company is back in second place on the list of the world's largest companies by capitalisation, ahead of Saudi Aramco, according to…

Shareholders of French media group Vivendi have overwhelmingly, by about 75%, approved the spin-off of its record company Universal Music Group (UMG) into a separate company.

IKEA and the Rockefellers want to set up a joint fund for green investments.

Saudi Arabian oil and gas company Saudi Aramco has completed the sale of 49% in its oil pipeline business Aramco Oil Pipelines Company (AOPC) to a group of investors for…

Video conferencing service Zoom invested in the stock market for the first time, while Salesforce is a seasoned investor in IPOs and in the venture capital market.

US company Google will make changes to the handling of advertising technology on its platform as part of its commitments to France's antitrust regulator, according to a press release from…

The largest privately held medical device manufacturer in the US is to change ownership. Medline, which has become one of the most important suppliers of antiseptics, masks, wipes and even…

U.S. electric car maker Tesla has filed three trademark applications that the company wants to use in restaurant services, according to a document on the website of the United States…

Etsy, the US-based online retailer of designer and handmade goods, announced that it has bought UK-based service Depop.

Private equity firms KKR & Co. and Clayton Dubilier & Rice LLC are close to buying US software developer Cloudera, The Wall Street Journal reported, citing its own sources. According…

Daimler and Nokia Corporation have reached an agreement on the use of the Finnish telecommunications company's patented technology, which means the end of numerous lawsuits between the manufacturers.

Switzerland's largest food company Nestle admitted the fact that the largest part of its products cannot be labeled as healthy and several products can never be considered so. The admission…

The European Commission has given the Chinese service TikTok a month to respond to numerous consumer complaints that the service does not protect children from hidden advertising and inappropriate content.

The European Airbus group said that it expects the commercial aircraft market to gradually recover to pre-pandemic levels between 2023 and 2025. The company sees the narrow-body airliner segment as…

HSBC, the second-largest bank in Europe and the sixth-largest in the world by assets ($2.9 trillion), announced yesterday that it is leaving "mainstream" retail banking in the US.

Chinese technology corporation Xiaomi has presented data on financial results in the first quarter of this year. As follows from these data, the corporation's net profit for the reporting period…

Climate activists have won a landmark court victory over Anglo-Dutch Shell, effectively forcing the company to accelerate its plans to cut carbon emissions and reduce them by 45% as early…