The UK's Competition and Markets Authority (CMA) has started an investigation into Unilever in order to determine whether the company’s statements on the environmental friendliness of its products are accurate. Unilever stands as one of the top global providers of daily goods. The company manufactures items such as Magnum ice cream, Hellman's mayonnaise, Cif cleaning supplies, and Dove soaps and...

According to Bloomberg, social network X, formerly known as Twitter, is estimated to bring in roughly $2.5 billion this year—a decrease of more than a third to the previous year ($4 billion in revenue). "X made slightly more than $600 million from advertising in each of the first three quarters of this year; comparable figures are anticipated for the current quarter... In contrast, the...

The French rival of OpenAI, Mistral AI, has raised €385 million in a financing round. Because of this, the firm, which was founded less than a year ago, is now valued at almost $2 billion, Bloomberg writes. A financing round of French startup Mistral AI has brought in €385 million ($415 million), according to Bloomberg, which cites the company's statement. The agency estimates that the...

The US-based technology solutions provider Carrier Global Corp. and Honeywell International Corporation have signed an agreement to sell Carrier Global Corp.'s security division for $4.95 billion. A press release from Carrier states that the Global Access Solutions company manufactures electronic locks for hotels and hospitals, among other things. It will be a component of Honeywell's division...

Woodside Energy and Santos, two Australian producers of oil and gas, are in merger talks. According to Woodside, discussions are private and not yet concluded. However, there's no assurance that it will result in a sale. Furthermore, Woodside and Santos stated that they are always looking for ways to enhance value for their investors. Specifically, the latter is investigating several...

The US Federal Trade Commission (FTC) is looking into Exxon Mobil's $59.5 billion acquisition of shale oil company Pioneer Natural Resources Co. in October. The Securities and Exchange Commission (SEC)’s message states that the regulator asked the companies for more information regarding the transaction on December 4. Pioneer and Exxon continue to work with the authority and anticipate concluding...

By 2026, Toyota Motor will sell 15 different zero-emission car and light truck models in Europe, the firm announced in a statement. By then, it is anticipated that sales of Toyota's electric vehicles in Europe will surpass 250,000 units annually, accounting for a share of over 20% of the overall sales. Hybrid, plug-in hybrid, and fuel cell vehicles make up 71% of all sales of Toyota vehicles in...

According to The Wall Street Journal, which cites reliable sources, US Apple Inc. and Paramount Global are debating the prospect of bundling a membership to both of their streaming services, Apple TV+ and Paramount+. A subscription like this should be less expensive than purchasing both services separately. The sources claim that it is still unknown how the package offer would be put together...

According to the firm's website, Uber Technologies, a US-based startup that offers food delivery and cab ordering services, will introduce a travel by famous black taxis (cabs) service in London early in 2024. The first taxi drivers have already signed up on the Uber platform; the business anticipates that several hundred of them will be there by January. In 2024, it will be feasible to make use...