Companies


    • Saudi Aramco is world's most profitable company

      Saudi Aramco is world's most profitable company

      Saudi Arabia’s national oil company was the most profitable company in the world in 2018, a new report released by Fitch Ratings shows. According to the data, which is revealing a few of company's best kept financial secrets, Saudi Arabian Oil Co. - known as Aramco - generated a whopping $224bn last year, before interest, tax and depreciation. And this reportedlt "accounted for around 70% of the country's budget revenue proceeds."

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    • Commission fines Nike €12.5m

      Commission fines Nike €12.5m

      The European Commission has announced on Monday it had fined Nike €12.5m for banning traders from selling licensed merchandise to other countries within the EEA. In particularly, the restriction concerned merchandising products, like mugs, bags, bedsheets, stationery, toys, of some of Europe's best-known football clubs and federations, for which Nike held the licence.

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    • ExxonMobil faces EU parliament ban

      ExxonMobil faces EU parliament ban

      ExxonMobil could become the second company after Monsanto to lose lobbying access to members of European Parliament after it failed to turn up to a hearing Thursday into whether or not the oil giant knowingly spread false information about climate change.

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    • Twitter co-founder steps down from board

      Twitter co-founder steps down from board

      Twitter Inc. co-founder and former Chief Executive Evan Williams is to step down from the company’s board, closing a 13-year run that started with a simple idea to use up some leftover money. The news was revealed in a new filing with the Securities and Exchange Commission. According to documents Williams, who is currently CEO of publishing platform Medium, will officially depart at the end of the month. Yet, no explanation for his departure has been given.

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    • Honda closes its only British factory as Brexit looms

      Honda closes its only British factory as Brexit looms

      The Japanese automaker Honda has become the latest business to announce plans to leave Britain as global forces reshape the car industry and the country prepares to exit the European Union. On Tuesday the carmaker confirmed it will shut down its only manufacturing plant in the EU, which lies in the English town of Swindon and currently employs 3,500 people. Thousands more jobs will be also put at risk at suppliers and other businesses.

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    • Coca-Cola HBC acquires Serbian company Bambi

      Coca-Cola HBC acquires Serbian company Bambi

      Soft drink bottler Coca-Cola HBC announced its acquisition of  Serbian biscuit, confectionery and snack maker Bambi for an enterprise value of €260m from private equity investor Mid Europa Partners. The deal is expected to close in the second quarter of 2019, a company statement reads.

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    • Intel builds a $8bn new manufacturing facility in Ireland

      Intel builds a $8bn new manufacturing facility in Ireland

      If there’s one thing Intel has been struggling with in the last years, it’s pumping out their CPUs. Not only has the 10nm fabrication process been delayed three years so far with no guarantee it will make it this year, but lately Intel’s 8th gen and 9th gen parts have suffered from low yields that have increased prices, reduced availability, and even forced them to return to 22nm in some cases. To change that, the multinational micro-chip producer Intel has reportedly filed a request for a huge expansion to its Irish manufacturing campus Leixlip.

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    • EU debates banning Huawei from 5G networks

      EU debates banning Huawei from 5G networks

      The European Union is reportedly considering to ban Huawei from participating in the trading bloc’s next-generation mobile networks in a move that might both worsen company's troubles in a vital market and prevent Europe from remaining competitive with other regions when it comes to 5G networks. 

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