Business

Many boating-related industries generally see business picking up again as temperatures warm, but the high prices of gas and fuel this season have left companies like Galveston Deep Sea Charters in Texas and Galveston Shrimp […]

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Following the increased pressure from Europe, Serbian national flag carrier Air Serbia will have to reset to factory settings and run eight flights to Moscow as it did before the crisis rather than the current […]

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Foxconn Technology Group, the largest contract electronics manufacturer and a major supplier to Apple, is in talks with Saudi Arabia about jointly building a $9 billion facility that could make microchips, electric-vehicle components, and other […]

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European airline companies are the latest to offer their support to Ukrainian refugees fleeing the country after Russia invaded it.  Wizz Air announced this week that it will be offering 100,000 free seats to Ukrainian […]

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US financial services companies Visa Inc and Mastercard Inc announced on Saturday they’re suspending all operations in Russia effective immediately over the invasion of Ukraine, pointing out they’ll cease all transactions there. Al Kelly, chief […]

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The German state of Brandenburg gave Tesla, the world’s biggest EV manufacturer, a conditional go-ahead for its $5.5bn landmark gigafactory near Berlin. This has put an end to the months of delay for the plant’s […]

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Purdue Pharma reached a nationwide settlement over the role that it played in the opioid crisis.  The Sackler family members who own Purdue Pharma boosted their cash contribution to as much as $6 billion in […]

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Following sanction orders related to Russia’s ongoing military operation in Ukraine, international card companies Mastercard and Visa have disconnected a number of Russian banks from their payment systems. Mastercard CEO Michael Mibach said on Tuesday […]

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Western countries and firms worth billions of dollars are looking to quickly exit Russia as the West tightens its sanctions against Moscow over its war against Ukraine.  Energy giant British Petroleum (BP), global banking giant […]

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According to data from the London ICE exchange, the cost of April futures for Brent crude oil during Friday’s trading exceeded $103 per barrel for the first time since September 2014. The price reached $103.68 […]

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The number of women in the United Kingdom’s Financial Times Stock Exchange (FTSE) 100 boardroom positions has increased to close to 40 percent, a significant increase from 12.5 percent a decade ago. The new statistic […]

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The e-commerce sites operated by Chinese tech giants Tencent and Alibaba have been added to the ‘notorious markets’ list by regulators of the US Trade Representative’s office (USTR). Noting that they actively monitor and act […]

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Amazon has been on a warehouse buying spree during the Covid pandemic and has directly affected the industrial real estate market.  Over the past two years, since the beginning of the Covid pandemic, Amazon has […]

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Saudi Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares to Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), noting at the same time that the state – with more […]

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Tesla is back under fire, this time for racial discrimination.  California’s Department of Fair Employment and Housing sued Elon Musk’s company over allegations by Black workers that the company tolerated racial discrimination at an assembly […]

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California Department of Fair Employment and Housing (DFEH) announced on Wednesday that it has grounds for a civil complaint about race discrimination and harassment allegations against Tesla. The state regulatory agency said that Tesla is […]

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Peloton is overhauling its leadership and axing thousands of jobs. The co-founder of the exercise brand is stepping down from his CEO position, as Peloton announced it will cut 2,800 jobs.  John Foley has been the […]

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US multinational Johnson & Johnson has suspended its Covid-19 vaccine’s production in its plant in the Netherlands late last year to focus on producing a potentially more profitable vaccine for an unrelated virus, The New […]

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