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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

Bayer to cut more than 200 employees in German crop protection products segment 05/13/2025

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Business & Finance

BAT to join cannabis market

British American Tobacco, which owns the Kent and Lucky Strike brands, has decided to enter the marijuana market. It has agreed to buy a stake in Canadian cannabis products maker Organigram, whose shares have risen more than 30% since the deal. One of the world's largest tobacco suppliers British...

Chinese authorities to fine Alibaba more than $975M

China's antitrust authorities plan to fine Alibaba for a record amount, The Wall Street Journal reported citing sources. According to the publication, the amount of the penalty may exceed $975 million. This amount was paid by Qualcomm in 2015 for violating the country's antitrust laws: currently...

Rolls-Royce Reports Record Loss But Confident Of Weathering Pandemic Crisis

Despite the British engine maker Rolls-Royce reported a record 4 billion pound ($5.6 billion) underlying loss for 2020, the company expressed confidence that it would be able to weather the crisis in the aviation industry resulting from the Coviud-19 pandemic slump the in the aviation industry...

Lego posts record revenue in 2020

The Lego Group has reported its financial results for 2020. The company's revenues increased by 13% year-on-year to 43.7 billion kroner (about $7 billion). According to Bloomberg, this is a record high in the history of the Danish toy manufacturer. And consumer sales grew by 21% over the year....

Toyota’s Strategy To Stockpile Chips Since 2011 Is Paying Off Now Amid Global Chip Shortage

Even though the concept of just-in-time manufacturing was pioneered by the Japanese car maker Toyota, its decision to stockpile chips used in the car industry and which is now facing a shortage globally seems to be apt. The car maker has been stocking up this key component of cars for a decade...

Harley Davidson To Sell Used Bikes Under Its Certified Used Bike Program To Attract Young Customers

A new strategy to get younger customers to purchase a new motorcycle adopted by Harley-Davidson Inc is to first offer them a used one. A certified pre-owned bike program, known as H-D Certified, is being planned to be rolled out the Milwaukee-based company. This strategy is used by car...

Shell to sell stakes in Egypt assets

Anglo-Dutch oil and gas corporation Royal Dutch Shell has agreed with a consortium of Cheiron Petroleum Corporation and Cairn Energy PLC to sell upstream (development and production) interests in Egypt, Shell said in a release. According to the report, Shell has signed an agreement with "a...

Germany overtakes US sales of electric cars and hybrids

Germany will surpass the US in sales of new electric cars and plug-in hybrid electric vehicles (plug-in hybrids) in 2020, according to the Baden-Württemberg Solar and Hydrogen Energy Research Centre (ZSW). China remains the largest market for electric and plug-in hybrids, with 1.25 million new...

Survey: Young Americans choose to spend up to half of their government payments on stocks

About half of young Americans aged 25 to 34 plan to spend up to half of the new payments from the government on buying stocks. This could bring as much as $150bn into the stock market, a marked influx and impact, Deutsche Bank has warned. Most young Americans intend to spend up to half of the...

Demand For Used Chipmaking Tools Increased Amid Global Semiconductor Shortage

The advance booking for its chips has currently exceeded its capacity at the Minnesota-based Polar Semiconductor which makes chips for automakers, said a report. But the company is finding it unfeasible to expand production lines to make more of the chip shortage across the world has forced...