On Monday, German prosecutors arrested Markus Braun, the former CEO of Wirecard fintech company. Mr. Braun’s arrest followed a scandal surrounding Wirecard that erupted after the company discovered a shortage of € 1.9 billion in the company's accounts and a possible overstatement of sales by its employees. The scandal surrounding one of the largest German fintech companies Wirecard, which began...

In July, one of the world's largest energy companies, the American Chevron Corp., intends to resume oil exports from its joint ventures with the governments of Saudi Arabia and Kuwait, according to the Wall Street Journal, citing officials in both countries. It is expected that the level of production will increase by about 80 thousand barrels per day in this regard. The newspaper also recalls...

US telecom operator T-Mobile US began to cut jobs faster than planned after closing a merger with rival Sprint Corp. T-Mobile said it plans to spend about $ 300 million more than originally expected on transaction costs, mainly related to the payment of termination benefits. The company did not specify how many people would be downsized. At the end of 2019, the company was employing 53,000...

According to Reuters, the Italian-American automaker Fiat Chrysler has reached an agreement with the government on a loan in the amount of € 6.3 billion. This will be the largest loan issued to any of the automakers in Europe since the beginning of the pandemic and guaranteed by the government. As previously reported, the Italian government was ready to guarantee the carmaker a loan for three...

The American company Apple plans to assemble the second generation of iPhone SE smartphones in India, Apple Insider said. iPhone SE is the most budget model in the current line of Apple smartphones. According to the publication, Apple asked one of its suppliers in China to arrange the delivery of iPhone SE parts to India. The country already has the necessary capacity for assembly, since the...

Google has offered additional $ 200 million in grants for nonprofits. Thus, the company is increasing its obligation to pay up to $ 1 billion, reports CNBC. Google supports organizations that help combat COVID-19 and racial injustice. Previously, the company provided $ 800 million each year. Google is also adding new features to its platforms, such as a tool that allows users to search and book...

The Swedish IKEA hypermarket chain has begun negotiations with several governments to return state aid allocated to the company as a support measure in the context of the COVID-19 coronavirus pandemic, the Financial Times (FT) reported. The company explained its decision by saying that the consequences of the temporary closure of its stores were not so catastrophic. “Now the most appropriate...

German aircraft company Deutsche Lufthansa plans to downsize up to 26,000 jobs due to a sharp decline in air traffic amid a pandemic. The company is trying to negotiate with unions on ways to reduce staff costs before an extraordinary general meeting of shareholders, which will discuss a plan to save the group. The carrier predicts a slow recovery in demand in the aviation industry and expects...

Mulberry, a British manufacturer of luxury handbags, accessories and clothing, plans to cut about 25% of its employees worldwide because of the negative impact of the novel coronavirus pandemic, the company said. As noted, the company staff consists of 1,400 employees. Mulberry explains the downsizing by the decline in sales due to the coronavirus pandemic. Also, according to the manufacturer of...