The British-Dutch Royal Dutch Shell announced that it will write off $ 1-1.5 billion in the 3rd quarter due to the depreciation of assets. By the end of 2022, the company will reduce its staff by 7000-9000 people. Including, by the end of 2020, 1,500 employees will leave Shell of their own free...

Prosecutors have charged Stadler with fraud, false certification and criminal advertising practices; Stadler has pleaded not guilty to the charges. On Wednesday, the former CEO of Audi, Rupert Stadler, presented himself to a court in Munich to face fraud charges as part of Volkswagen's disel...

This is huge given that ArcelorMittal is the world’s biggest steelmaker. On Wednesday, the world's largest steelmaker, ArcelorMittal stated, it has committed to being carbon neutral by 2050. This however comes with a rider since in order to achieve its targets it will require a level playing field...

Preparations for an antitrust investigation into the business practices Alphabet Inc's Google is to be launched in China over the company’s alleged business strategy of leveraging the dominance of its Android mobile operating system to suppress competition, claimed reports citing sources in...

A new set of draft rules by the European Union aimed at reining in the power of United States based tech giants could essentially bans companies like Alphabet unit Google, Facebook, Amazon, Apple and other US tech firms from favouring their services or forcing users to sign up to a bundle of the...

On Saturday, German Commerzbank announced appointment of Manfred Knof as CEO. Now head of retail banking at another German bank, Deutsche Bank, Mr. Knof will take over this position from January 1, 2021. The current director of Commerzbank Martin Zielke, as well as the chairman of the board of...

The coronavirus pandemic, which has driven up spending on key BHP Group mining projects and reduced production, has also negatively affected the remuneration of its CEO Mike Henry. The results for the fiscal year that ended in June 2020, partly due to the coronavirus, were below the targets of the...

Citigroup Inc has appointed Fraser as many embraced the decision as a right step towards promoting diversity and inclusion in the mainly male dominated financial industry. Citigroup Inc announced the name of its first woman chief executive officer, Jane Fraser, for consumer banking arm. This makes...

Following the launch of Instagram reels Facebook stock soared up by "12%" in 2 days. Founder of Facebook, Mark Zuckerberg's personal wealth jumped by "$100 billion" following the launch of the Instagram reels as a means to replace rival Tik Tok, a "controversial Chinese app" reported the "Bloomberg...