Tesla shareholders launched a class action lawsuit against the American automaker and its billionaire CEO Elon Musk, charging him of falsifying data regarding autonomy and safety of its electric vehicles. According to the lawsuit's published text, the defendants "made false or misleading...

Warren Buffett’s Berkshire Hathaway Inc. announced its highest annual operating profit in the company history, despite a decline in the fourth-quarter profit due to foreign exchange losses and rising interest rates. Buffett referred to 2022 as a "good year" for Berkshire in his yearly letter to...

Boeing has halted deliveries of the 787 Dreamliner due to fuselage issues. The US Federal Aviation Administration (FAA) announced on Thursday that Boeing chose to halt deliveries of the 787 Dreamliner passenger aircraft for an extra analysis of the fuselage. "After informing the FAA that it was...

Italian Eni anticipates a doubling of LNG shipments by 2026. Italian company Eni stated that it anticipates its contract volumes of liquefied natural gas (LNG) provided to customers to double by 2026 and reach 18 million tons annually. According to Eni's strategic business plan for 2023–2026,...

By the end of the month, Japan Post Holdings Co. is considering selling $9 billion worth of stock in order to reduce its ownership of its Japan Post Bank Co. subsidiary by nearly a third, sources reported. According to the three sources, the company is discussing selling its stock before the end of...

Australia's BHP, one of the biggest mining firms in the world, said on December 31 that its net profit decreased by 32% year over year to $6.457 billion in the first half of the fiscal year 2022-2023. The diluted earnings per share decreased from $1.86 to $1.27 from the prior year. At $25.713...

Due to long-term high inflation and increased savings, Australian supermarkets will make more money in the first half of fiscal 2023. However, analysts have warned of a difficult second half as households struggle with rising costs of living.   Analyst predictions predict that Woolworths...

Is the IPO winter finally coming to an end?   Last week saw a flurry of listings, a year after Russia's invasion of Ukraine and an increase in inflation fuelled a period of market volatility that prevented the majority of initial public offerings in 2022. According to Dealogic data, a busier...

Hermes, the maker of the Birkin bag, claimed that wealthy Chinese consumers bought its goods in the fourth quarter even though the rest of the luxury market was suffering from an increase in COVID infections, enabling it to surpass sales and margin expectations.   According to Executive...