Didi Global, the Chinese ride-hailing company, stated on Saturday that it will continue to function in Russia, overturning a statement announced on Monday that it would leave the market as well as Kazakhstan.   There was no explanation offered by Didi in its latest statement and no...

Net profit of German chemical concern BASF SE for 2021 amounted to €5.523 billion against a loss of €1.06 billion a year earlier, according to the company's financial statements. Diluted earnings per share for the year amounted to €6.01 compared to a loss of €1.15 in 2020. Revenue increased by...

The sports apparel maker Puma expects its sales to grow by at least 10 per cent in 2022, the company said, but also warned that its profit growth could be muted because of a consumer boycott in China as well as a rise in input costs.   For the entire of 2022, the company now expects its...

On reports that Russia has recognized the Luhansk and Donetsk Peoples Republics, Bitcoin plummeted to a two-week low of $36,350. Bitcoin has long been seen as a safe haven asset capable of maintaining a consistent price in the face of market volatility. Because of escalating tensions between Russia...

Mercedes-Benz plans to have facilities that would exclusively manufacture electric vehicles (EVs) by the second part of the decade, the company said.  However, the luxury carmaker will avoid establishing EV-only operations and rather...

When Russian, Ukrainian, and global markets reopened on Tuesday, investors were ready for a tumultuous day, as Vladimir Putin stepped it up in a situation that the West worries might devolve into a major conflict.   The Russian president recognized two separatist areas in eastern Ukraine,...

According to Reuters, Australian energy provider AGL Energy has rejected a $3.54 billion bid from Canadian billionaire Mike Cannon-Brookes and the Brookfield Foundation to buy the company. Mr. Cannon-Brooks, an environmentalist and Canada's second richest man, wants to buy AGL Energy so that all of...

Due to mounting worries of a Russian invasion of Ukraine, European airlines Lufthansa and Swiss Air Lines have ceased to operate flights to Kyiv, Ukraine's capital, beginning Monday. Lufthansa, a German airline, announced it will also suspend flights to Odessa, a vital Black Sea port.   "The...

The US has added Alibaba and Tencent's websites have been added to the "Notorious Markets List" of companies of the United States over suspicion that the companies are engaged in the illegal trading of counterfeit products. on their e-commerce platforms.    The...