Companies & CEOs

Social media users in China have criticised H&M for rejecting cotton from Xinjiang, which the company suggests is produced by the forced labour of Uigur Muslims. Major online retailers Tmall,…

We Company, which includes the co-working service WeWork, will make a second attempt to become a public company, Reuters reported.

Investors who once invested in Credit Suisse funds used for the operations of bankrupt start-up Greensill are preparing class action lawsuits against the Swiss bank. According to the Financial Times,…

Twitter founder Jack Dorsey has sold an NFT token on his first tweet for $2.9m. The buyer was Bridge Oracle CEO Hakan Estavi.

Saudi Aramco's net profit in 2020 fell 1.8 times to $49bn from $88.2bn a year earlier, according to the company's accounts. Saudi Aramco president Amin Nasser said last year was…

The U.S. Federal Aviation Administration (FAA) has decided to independently inspect Boeing 787 Dreamliner aircraft before giving the manufacturer permission to hand them over to airlines. This was reported by…

International investors are increasingly concerned about accelerating inflation and rising debt market rates, which bode well for the global economy. However, as long as central banks keep monetary policy accommodative,…

Xiaomi founder's capital surged by nearly $1.5bn after the company's shares rallied. The smartphone maker has secured a suspension of US sanctions imposed by the Trump administration in the final…

Canadian telecommunications company Rogers Communications has announced the purchase of rival Shaw Communications. The deal will be valued at C$26 billion ($20.8 billion) and includes $4.8 billion in debt repayments…

Payments company Stripe has raised $600m in its latest round of investment, the Financial Times (FT) reports.

German carmaker Volkswagen has developed a scheme that will help it cut costs significantly. According to Handelsblatt, the company intends to start transitioning its employees in Germany to part-time employment…

The US company Roblox, developer of a platform on which users can create their own video games, went public on Wednesday, 10 March. Its shares began trading on the New…

US corporation General Electric (GE) announced the sale of its aircraft leasing division GE Capital Aviation Service (Gecas) to its Irish competitor AerCap Holdings.

The French association France Digitale, which defends the interests of local technology start-ups and venture capitalists, has claimed that the US corporation Apple is violating EU legislation on the protection…

British-Dutch company Unilever has announced that it will no longer use the word "normal" to describe specific physical characteristics on cosmetic product packaging.

Volvo Cars has unveiled its new business strategy for the next decade. The Swedish carmaker intends to switch to producing exclusively electric cars by 2030. In the coming years, the…

According to US TV channel NBC, US drugmaker Merck & Co will help Johnson & Johnson produce its COVID-19 vaccine.

California-based autonomous drone maker Skydio has become a "unicorn" after investors have valued it at $1bn. The company produces $999-worth aircraft, which are eagerly purchased by police and the US…

Citigroup has been forced to revise its 2020 financial results due to a lost court case about a "mistaken" transfer of $500 million to a number of funds that refused…

The US Civil Aviation Authority (FAA) has ordered Boeing to pay a fine of $6.6m. The US regulator accused the corporation of failing to meet its obligations under the 2015…

US-based Estée Lauder will spend $1bn to increase its stake in cosmetics brand The Ordinary. The brand, focusing on simplicity and transparency in its products, has set an example for…

Adam Neumann, the former CEO of the co-working network WeWork, may receive $500m from the company's current owner, SoftBank. The parties want to settle and avoid a lawsuit over the…

Tesla, which bought $1.5 billion worth of bitcoins a month ago, has already earned more from them than it did from selling electric cars for all of 2020. The carmaker…

Brazilian President Jair Bolsonaro said on his Facebook page that he was appointing former defence minister General Joaquim Silva e Luna as the new head of the state oil company…

Israeli startup Earnix, which helps insurers and banks personalise financial products using artificial intelligence and analytics, has raised $75m in its latest round. Investors valued the company at $1bn, turning…

Whitney Wolfe Herd, the founder of the dating service Bumble, increased her fortune to $1.6 billion after the company's IPO, according to Forbes. Thus, she became the youngest woman whose…

Moller-Maersk, the largest container shipping operator, presented its financial statements for the year 2020. Earnings before interest and taxes (EBITDA) rose by 44% to $8.3 billion in the period, and…

The forced sale of the USA business of TikTok, initiated under Trump, has been suspended indefinitely. The reason was that the new administration decided to reassess potential threats from the…

The Coca-Cola Company, the world's largest soft drink maker, saw its net profit attributable to shareholders fall 13% year-on-year to $7.747 billion in 2019, the company said.

Internet forum Reddit held another round of funding, the fifth in its history, in which the company managed to attract about $250 million. Now its estimated value is $6 billion,…

US Kroger Group announced it will provide a one-time payment of $100 to employees vaccinated against the coronavirus. Kroger operates supermarkets in 35 states.

Shell reported an annual loss of almost $22bn, the first loss since 2005, when the company was formed by merger.

Japanese Sony published its report for the fourth quarter of 2020, in which it reported record quarterly earnings for its gaming division in the company's history. Overall, revenue for the…

Alphabet published its financial report for the fourth quarter and the entire year 2020, which turned out to be better than analysts' forecasts. As a result, the corporation's shares gained…

GameStop and AMC Entertainment shares traded on the New York Stock Exchange fell 54% and 49% respectively after briefly taking off late last week in response to a flash mob…

Google has agreed to pay $3.8m to its current employees and software development candidates.

UK online retailer Asos announced that it bought several clothing brands from retailer Arcadia Group.

The CEOs of US oil companies Chevron and ExxonMobil, Mike Wirth and Darren Woods, were in talks about a possible merger because of the damage caused by the coronavirus pandemic,…

China's second-largest short video service Kuaishou Technology has raised $5.4bn during an IPO in Hong Kong, Bloomberg reports.

MasterCard published its financial report for the fourth quarter and the entire year 2020. The company managed to beat analysts' expectations and its shares rose by 3% immediately after the…

Douglas, one of Europe's largest cosmetics and perfumery chains headquartered in Germany, announced Thursday that it is closing 500 outlets.

Microsoft's revenues reached $43.1 billion in the latest quarter, up 17% from the same period last fiscal year.

Shares in plant-based meat producer Beyond Meat were up more than 36% at the opening of trading, triggered by the news that the company has agreed a deal with PepsiCo…

Net profit at Johnson & Johnson (J&J), the world's largest manufacturer of health products, fell by 2.7% year-on-year to $14.714 billion in 2020, the company said in a press release.

A court in South Korea has sentenced the head and heir to the Samsung Group business, Lee Jae-yong, to 2.5 years in prison, Reuters reports.

Delta Airlines published its financial report for the year 2020, according to which the airline's net loss was $12.4 billion, the worst figure in the history of the company.

Visa and fintech startup Plaid have issued a joint statement saying that the companies refuse to merge. The decision was prompted by complaints from the US Department of Justice, which…

Bakkt Holdings LLC, the digital asset storage and trading platform launched in 2018 by Intercontinental Exchange (ICE), will become a public company.

Ford Motor Company has announced that Ford Brazil will cease production operations in 2021.

US fast food restaurant chain Burger King is rebranding for the first time in 20 years, Restaurant Brands International (RBI) global marketing director Fer Machado said on Twitter.