Uber Technologies, an American company that offers food delivery and taxi services, has launched its first-ever share buyback program. It will come to $7 billion, the business said in a news release. "The endorsement of our initial share repurchase initiative is an indication of trust in the...

The aggregate overdraft fees of US banks JPMorgan Chase & Co., Wells Fargo, and Bank of America Corp. decreased by almost 25% in 2023 under pressure from regulators to curb them, according to CNBC. These revenues came to $2.2 billion in total, which is almost $700 million less than what was...

After demand greatly outstripped earlier projections, the French government stated that it was suspending its initiative to support low-income individuals leasing electric cars for the remainder of the year.   Since the beginning of 2024, individuals with less than 15,400 euros ($16,600) in...

According to US media, Automotive Cells Company SE (ACC), a joint venture between Stellantis and Mercedes to manufacture batteries for electric cars, is in discussions with several banks to get funding to increase manufacturing in Europe. The financing's terms will be disclosed "in the near...

Many American and Canadian businesses, primarily in the media and technology industries, have started the year with workforce reductions in an effort to control expenses in an unstable economic climate.   Here is a summary of the 2024 layoffs that have been disclosed thus far:  ...

Two of Australia's biggest oil and gas corporations, Woodside and Santos, announced that their three-month merger talks have been called off. According to a statement from Woodside, the first information exchange did not reveal enough advantages that would be in the best interests of Santos...

Shell CEO Wael Sawan claims that the industry as a whole is suffering from the US President Joe Biden administration's decision to halt the licensing of new LNG export projects, writes the Financial Times. "I don't think the administration's recently announced measures will necessarily affect LNG...

The quickest shipping route between Europe and Asia has been hampered by attacks on vessels by Houthi terrorists in Yemen who are backed by Iran.   Targeting a corridor that carries 15% of all shipping traffic worldwide, the attacks have forced a number of shipping corporations to reroute...

According to a press announcement from BAT, US-based Philip Morris International and British American Tobacco (BAT) have reached a global settlement agreement to end their patent battle over HTP, or hot tobacco products, and e-cigarettes. The accord stops all cases alleging patent infringement and...