Companies & CEOs

Sweden's Spotify Technology, which runs the namesake music streaming platform, has disbursed $10 billion in royalties to artists and record labels in 2024.

The Saudi firm Scopely Inc. has come to a deal with the American company Niantic Inc. to acquire its video game development division, which is known for launching the well-liked…

Ford Motor Co. will assist its German division in reducing most of its debt and financing a plan to restore its operations.

Billionaire Richard Branson's Virgin Group ($2.6bn of wealth per Forbes Real Time) has chosen to raise £700m to fund its initiative to introduce new rail services across the Channel. The…

A division of German car manufacturer Volkswagen has initiated a strategy to implement emergency actions to safeguard its operations in the United States in light of new tariffs enforced by…

The investment fund CK Hutchison, based in Hong Kong, has revealed the sale of a 90% share in the Panama Canal port infrastructure (Panama Ports Company, PPC) to a group…

The Information Commissioner's Office (ICO) has revealed the initiation of an inquiry into TikTok's use of minors' personal data to suggest content to them. Inquiries will additionally be conducted regarding…

According to data from the company, Chinese electric vehicle manufacturer BYD plans to carry out an extra share offering of as much as HK$40.7 billion ($5.2 billion), Bloomberg reports. This…

This weekend, protests took place in the United States and in various European cities against Elon Musk's actions during Donald Trump's administration.

The Financial Times (FT) reveals that a Citigroup staff member mistakenly deposited $81 trillion instead of $280 into a client's account.

The Japanese car manufacturer Toyota has released figures regarding production. In January, the company manufactured a total of 781.7 thousand vehicles globally. This is 6% higher than in January of…

Japan's biggest airline All Nippon Airways (ANA) has ordered 77 planes from three manufacturers: Boeing, Airbus, and Embraer.

The U.S. automaker General Motors revealed a $6 billion share repurchase initiative and chose to raise dividends, according to Bloomberg, which references the company’s announcement.

Malaysia's Petronas, the leading oil and gas firm in Southeast Asia, has announced its financial results for the second half and the entire year of 2024.

According to the European Association of Automobile Manufacturers (ACEA), Tesla sold just 9.9 thousand electric vehicles in Europe during January.

Foxconn, the Taiwanese electronics producer, has suggested collaboration with Japan's Honda, according to Nikkei's sources. The Taiwanese firm aims to partner on the creation and manufacturing of electric vehicles.

British defense firm BAE Systems announced that its order backlog for different kinds of weapons hit a record £77.8 billion ($98.1 billion) at the close of last year, marking an…

Mercedes-Benz leadership seeks to reduce expenses by 10% by 2027 while also aiming for improved sales and profitability in a fiercely competitive automotive industry. The firm revealed this subsequent to…

Artificial intelligence startup Safe Superintelligence (SSI), co-founded by Ilya Sutskever, a former lead researcher at OpenAI, is seeking to raise over $1 billion in its funding round, with a valuation…

SURJ Sports Investment (SURJ), a prominent sports investment company, has consented to purchase a minority share in DAZN, a worldwide frontrunner in sports entertainment. “Both companies are dedicated to sports…

Shares of the Chinese tech firm Tencent surged in Hong Kong trading to their highest level since 2021 following the launch of an artificial intelligence model from DeepSeek in its…

Volkswagen, the German automotive manufacturer, intends to discuss with US President Donald Trump's administration exemptions if the US enforces tariffs on the European Union, according to the company's CEO Oliver…

Billionaire Warren Buffett of Berkshire Hathaway sold 203,091 shares of DaVita, a pharmaceutical company offering kidney dialysis services, according to Reuters, referencing documents submitted to the U.S. Securities and Exchange…

Microsoft-supported startup Chestnut Carbon has secured $160 million to plant and revitalize trees on degraded farmland, thus integrating carbon credits for its clients, Bloomberg reports, referencing a company statement.

The German energy equipment producer Siemens Energy has released its outcomes for the initial quarter of fiscal year 2025.

The French holding company Kering, which owns fashion brands like Yves Saint Laurent, Gucci, Balenciaga, Bottega Veneta, Alexander McQueen, among others, today announced its results for the fourth quarter and…

The wealth of American entrepreneur Elon Musk has decreased to $394.6 billion, dropping below $400 billion for the first time in two months, following a 27% decline in Tesla Inc.…

According to Reuters, which references knowledgeable sources, online fashion retailer Shein intends to reduce its valuation for its initial public offering in London to roughly $50 billion.

Ford Motor Company, the second-largest automotive manufacturer in the U.S., cautioned that its 2025 profits might decrease by $2 billion or more, citing potential risks from new tariffs on imports…

Two Japanese car manufacturers - Nissan and Honda - will halt discussions on a merger, as they were unable to come to terms on the deal's conditions.

In January, Tesla's electric car sales in Germany plunged by 59.5%, totaling 1277 units.

Mark Zuckerberg, the CEO of Meta, stated that the company has no plans to cut its investments in artificial intelligence, even if the Chinese startup DeepSeek has successfully developed a…

Deutsche Bank released its financial reports for the fourth quarter and the entire fiscal year of 2024.

The UK government has allocated £20 million ($24.8 million) to space firm Orbex for developing and launching rockets from the Scottish shoreline, according to the government press office.

Coca-Cola's European bottling sector has declared a large recall of drinks from the European market because of high chlorate levels.

The Tesla Corporation's Shanghai division has initiated legal action against the European Union in the European Court of Justice. The company insists that the heightened tariffs placed on electric cars…

Shares of the German sportswear company Puma dropped by nearly 20% following the announcement of initial financial results for 2024. On January 23, they had a value of €33.55 (-19.86%).…

Mitsubishi Motors, a Japanese automotive company, reportedly has no intentions of joining the entity that could be formed from the merger between Honda Motors and Nissan Motors, according to Kyodo…

United Airlines (UAL), among the three biggest airlines globally, announced earnings per share of $3.26 for the fourth quarter of 2024. The company’s earnings surpassed expectations, increasing by 7.8% compared…

The Czech car manufacturer Skoda (a member of Volkswagen Group) plans to finalize the building of its automobile factory in Vietnam by the first quarter of this year.

One-third of the tundra, forests, and swamps in the Arctic have turned into sources of carbon dioxide emissions due to global warming, writes The Guardian citing a study released in…

The Chinese firm ByteDance, the owner of the social media platform TikTok, intends to invest over $12 billion in building artificial intelligence (AI) infrastructure, which will encompass acquiring AI chips,…

Billionbrains Garage Ventures, the parent organization of the financial platform Groww Invest Tech, intends to initiate an IPO in India in 2025, according to Bloomberg, which references sources.

On January 15, the Japanese firm Hino Motors, part of Toyota, reached an agreement with U.S. authorities to resolve a case concerning the submission of incorrect data regarding its diesel…

Oil and gas firm BP plans to eliminate 4,700 positions within the organization, along with over 3,000 contractor roles to lower expenses, BP CEO Murray Auchincloss informed staff, according to…

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against the world's wealthiest individual, Elon Musk (whose fortune, as per Forbes Real-time, is $417 billion), regarding the details…

Bloomberg reports, referencing the company's statement, that chip manufacturer Intel intends to separate its venture capital division into an independent entity with a new name.

The European Commission (EC) has issued a recommendation urging EU nations to reassess their companies' foreign investments in third countries regarding economic security.

According to Bloomberg citing sources, Chinese firm ByteDance Ltd might sell the short videos app TikTok to Elon Musk. This situation may occur if the U.S. Supreme Court affirms the…

In the third quarter, Uber Technologies, a company located in the United States, experienced a twelve-fold increase in its net profit while offering taxi booking and food delivery services.