American billionaire and Tesla founder Elon Musk contributed $474 million to charitable causes in 2024, according to Bloomberg, which referenced tax records. A large part of this donation was directed to nonprofit organizations that Musk established himself. About $370 million was given to the Foundation, which aims to create a school emphasizing science, technology, engineering, and mathematics...

Air France-KLM has shown interest in buying a share in Portuguese airline TAP SA, according to CEO Ben Smith, who shared this during an interview with Bloomberg. This makes Air France-KLM the first company to officially declare its interest in acquiring a stake in TAP. The Portuguese government plans to sell up to 44.9% of TAP's shares, while the remaining 5% will be given to the airline's...

Toyota Motor Corp., based in Japan, has announced a $912 million investment to increase the production of hybrid vehicles and their components across five US states. This is part of a broader $10 billion, five-year strategy aimed at expanding the company's presence in the American market. According to Toyota, the investment will result in the creation of more than 250 job opportunities at...

The English High Court has ruled that Australia's BHP is responsible under Brazilian law for the collapse of a tailings dam at the Fundão mine in the Brazilian state of Minas Gerais, which occurred in November 2015. The court determined that BHP is considered a "polluter" under Brazilian environmental regulations and has breached the country's civil laws. The full amount of possible damages will...

The European Commission has initiated an inquiry into Red Bull, an energy drink company. According to the Financial Times, the regulator is looking into whether the Austrian firm has misused its strong position in the market. The EC believes Red Bull may have created a strategy across Europe that affected the sales of other energy drinks that are bigger than 250 ml in stores like supermarkets and...

German semiconductor producer Infineon Technologies AG announced a net profit and higher revenue for the fourth quarter of its fiscal year 2025, which ran from July to September. During this quarter, the company's revenue rose by 1% compared to the same period last year, reaching €3.94 billion. The company's net profit was €231 million, a significant improvement from a loss of €84 million in the...

Goldman Sachs Group will get a fee of $110 million for helping Electronic Arts (EA) with a deal where a group of investors is buying the video game company for $55 billion. This is the biggest M&A fee ever recorded for the investment bank, as reported by the Financial Times. Before this, the largest fee Goldman Sachs had publicly shared was for advising on the $36 billion sale of Kellanova to...

Legendary investor and Berkshire Hathaway CEO Warren Buffett, who is ranked 10th on the Forbes online billionaires list with a net worth of $148.2 billion, released a letter to shareholders in which he stated he would be "going low." This means he will no longer conduct annual earnings calls and will stop speaking at the company's shareholder meetings. Buffett also revealed plans to increase the...

American AI startup Anthropic has revealed plans to establish new offices across Europe, marking an expansion of its operations in the region where interest in its AI, Claude, is consistently increasing. The company will set up its initial European offices in France and Germany, located in Paris and Munich. This brings the total number of Anthropic's European offices to five. In 2024, the...