Chevron’s subsidiaries sold their shares in oil assets in Azerbaijan for $ 1.57 billion to the Hungarian MOL, the American oil company said. "Chevron Corporation today announced that its subsidiaries sold their non-operating shares in the Azeri–Chirag–Gunashli (ACG) oil field... and the...

Amidst the coronavirus pandemic wrecking havoc in hundreds of countries around the world , including the United States, funding to the World Health Organization has been halted by the US President Donald Trump over his allegations that the UN agency had not handled the coronavirus pandemic in a...

The first quarterly reports of US banks showed that the coronavirus pandemic, quarantine measures and the closure of enterprises significantly affected performance of financial companies. Bank profits fell sharply due to the fact that they are forced to allocate billions of dollars from reserves to...

The German Adidas AG, one of the world's largest manufacturers of sportswear and accessories, received approval for a loan of €3 billion to support the business amid the coronavirus pandemic, the company said in a message. Adidas notes that it has received approval from the German government for a...

Warren Buffett’s investment firm, Berkshire Hathaway, sold a $ 30.9 million stake in Bank of New York Mellon (BNY Mellon) to the U.S. Securities and Exchange Commission (SEC). In total, on April 7 and 8, Berkshire Hathaway sold 869,103 shares of BNY Mellon. Now it has 88.1 million securities of the...

Tesla avoids import tax by locally manufacturing its Model 3 variants for Chinese market. Tesla, the U.S. EV manufacturer informed that it has resumed its sale in China for “two more Model 3 variants” which were manufactured in its Shanghai based plant, which means all the “Model 3 sedans” which...

Renault cancels dividends, cuts pay to financially help its staff amid coronavirus pandemic while informing its possible plan of seeking bank loans. Jean-Dominique Senard, the chairman of Renault, on Friday, 10 April 2020, said that the auto manufacturing company is exploring the options of seeking...

American McDonald's Corp., the world's largest chain of fast-food restaurants, reported a drop in comparable global sales in March by almost a quarter amid an outbreak of the coronavirus. According to the company’s press release, last month global comparable sales fell 22.2%. According to the...

A case has been filed against the Japanese investment conglomerate SoftBank by a WeWork board committee that had secured a $3 billion tender offer with the Japanese conglomerate over accusations that it had abandoned the deal and accused the company of succumbing to “buyer’s remorse” even as the...