German chemical-pharmaceutical concern Bayer AG posted a net loss of €161 million for the three quarters of 2021, compared with a loss of €10.803 billion a year earlier, the company said. The loss per share amounted to €0.16 versus €11 a year earlier. Revenue rose 4.96% to €32.963 billion. The...

China's Sinopec has signed a twenty-year contract with US-based Venture Global LNG, under which Venture Global will be supplying 4 million tonnes of liquefied natural gas annually for 20 years, Sinopec announced in a press release. "China's Sinopec Petrochemical Corporation has signed a 20-year...

Higher prices of its cars as well as the strong sale of its electric vehicle (EVs), which easily offset hit to the company because of lower vehicle deliveries because of the semiconductor shortage, helped BMW to report a 42.4 per cent surge in its net profits for its third quarter to 2.58 billion...

According to the German services sector union Verdi, employees at a number of warehouses of the retailing giant Amazon in Germany started striking on Monday, as part of a long-running dispute with the US internet giant over improved compensation and better working conditions.   After the...

Facebook is trying to benefit from a growing buzz called metaverse even while it had not created the concept, said early adopters of the concept of virtual worlds – metaverse, as they criticized the social media company’s attempt to rebrand itself by changing its name to Meta Platforms.  ...

Moller-Maersk, the world's largest container shipping company, released its financial results for the third quarter. EBITDA (earnings before interest and taxes) increased to $6.9 billion from the same time previous year. To $16.6 billion, revenue climbed by 68 percent. The rebound of the global...

Europe's largest low-cost airline, Ryanair, has reported its second quarter and first half of the current financial year. The company reported a profit of €225 million in the second quarter, compared to a loss of the same amount a year earlier. And this is the airline's first profit since the start...

Coca-Cola has announced that it is buying BodyArmor, one of the largest producers of sports drinks. Coca-Cola previously owned 15% of BodyArmor and will now be the sole owner of the company. The deal will be valued at $5.6 billion, bringing the total value of BodyArmor to $6.6 billion. This is the...

Profit margins from its refining business jumped by almost five-fold because of resurgent demand for motor fuels since rise in the uptake of Covid-19 vaccines and reducing restrictions, which helped Phillips 66 to announce market estimates beating quarterly profits on Friday.   After more...