Japan Tobacco International (JTI), one of the world's largest tobacco manufacturers, posted a 9.1% increase to 338.5 billion yen ($2.93 billion) in net income for 2021, the company said in a statement. Operating profit rose 6.4% year on year to 499 billion yen ($4.33 billion). JTI's year-end...

The Crown Prince of Saudi Arabia has transferred shares of the world's largest oil company Saudi Aramco worth $80 billion to the country's sovereign wealth fund. The fund was created as part of the diversification of the state economy to support companies not related to oil exports. Crown Prince...

Many sellers on the crypto platform that sold an NFT of Jack Dorsey's first tweet for $2.9 million were selling tokens of content that were not owned by them and as such the platform has stopped most transactions. This was revealed by the platform's founder, who termed this as a "fundamental...

Norway has no opportunities to further increase gas supplies to Europe, said the head of the Norwegian oil and gas group Equinor Anders Opedal. "There is nothing more we can do. Norway is already operating at the capacity limit," Opedal told Bloomberg. He notes, however, that Equinor accounts for...

In 2021, GSK made 1.4 billion pounds ($1.9 billion) in Covid-19 linked sales, primarily for the antibody medicine sotrovimab, in its first earnings report since rejecting a proposal from Unilever for its consumer business.   Pandemic-related revenues in 2022 are likely to be similar to those...

Japan's automaker Nissan Motor Co boosted its profit forecast for the full year on Tuesday as it extracted more profit per vehicle, but cautioned that future earnings growth would be driven by access to rare semiconductors.   Because of a chip scarcity caused by Covid-19 supply chain...

According to Reuters, the Indian state of Maharashtra will offer additional incentives to companies such as Amazon.com Inc and Uber to completely electrify their delivery trucks ahead of a 2025 target for better air quality.   Maharashtra, one of the wealthiest...

The Sabine Pass LNG liquefaction project's sixth production line has been completed and commissioned, according to U.S. Cheniere Energy Inc., the country's largest LNG producer. "On February 4, 2022, Cheniere Energy Partners, L.P., a subsidiary of Cheniere Energy, Inc., stated that the Sabine Pass...

According to a study of 25 businesses, many of the biggest companies are failing to fulfill their own climate change targets.   According to the New Climate Institute report, the companies in question frequently misrepresent or misreport their success on a regular basis.   According...