Swiss-owned mining corporation Glencore pleaded guilty to charges of foreign bribery and market manipulation schemes. International A.G. Glencore and Glencore Ltd., both part of a multinational commodity trading and mining firm headquartered in Switzerland, pleaded guilty to violations of the …
McDonald’s will sell its restaurants in Russia to businessman Alexander Govor and rebrand under a new name in June. McDonald’s will keep its 850 chains of restaurants, jobs, connections with most suppliers, and menus. Govor has been a McDonald’s licensee …
Streaming giant Netflix confirmed that the company laid off approximately 150 employees after losing subscribers for the first time in a decade. The employee cuts largely affected its office in California which makes up around 2% of the company’s North …
Renault announced that it is liquidating its business in Russia including its shares in Lada. “The Board of Directors of Renault Group unanimously approved the signing of agreements to sell 100% of Renault Group’s shares in Renault Russia to Moscow …
Saudi Aramco, officially known as the Saudi Arabian Oil Company, has overtaken Apple as the world’s most valuable company. Aramco’s recent report confirmed a total of $39.5 billion profit from January to March of 2022, an 82% jump from last …
McDonald’s has started selling its business in Russia after 30 years of operation and became the latest global brand to permanently pullout of the country in response to the invasion of Ukraine McDonald’s has already closed its 850 restaurants in …
The German Industrial Giant Siemens announced Thursday that it would exit the country after almost 170 years of operation. “We condemn the war in Ukraine and have decided to carry out an orderly process to wind down our industrial business …
The United Kingdom banned Adidas sports bra adverts that featured images of bare breasts for showing “explicit nudity.” The Advertising Standards Authority (ASA) on May 11 found that a tweet and two posters by Adidas UK were “likely to cause …
Intel on Tuesday launched a new chip for artificial intelligence computing as part of a bigger push into the AI chip market currently dominated by Nvidia. Intel introduced the second-generation processor Gaudi2 made by Habana Labs, an Israeli AI chip …
Tech giant Apple announced that the company will cease production of the iPod 21 years after it was launched. The iPod was first produced in 2001 and had the capacity of 5 gigabytes, followed six years later by the iPod …
