The Swedish manufacturer does not regard Zanussi as a core asset anymore. In the upcoming years, Swedish consumer electronics manufacturer Electrolux may divest the Italian Zanussi brand from its portfolio since the company no longer views it as a key asset. In a statement released on Thursday, the business said that Electrolux Group "has started preparations for the potential sale of Zanussi...

The sum exceeded $42 billion. One of the biggest liquefied natural gas (LNG) producers in the world, Qatar's state-owned QatarEnergy, had a 58% increase in net profit in 2018 compared to 2021, as shown in the corporation’s financial report. QatarEnergy's earnings jumped from 97.9 billion riyals ($26.88 billion) to 154.6 billion riyals ($42.46 billion) under international financial reporting...

The corporation has released reports for the years 2021 and 2022, which disclosure was long overdue. By the end of 2022, Evergrande, one of China's leading real estate developers, would have reduced its total debt holdings by 5.5% year over year to 2.437 trillion yuan (about $339.9 billion). This is in accordance with the real estate developer's financial report, which was posted on the Hong Kong...

The typical classification period for these records is 30 years, but in this case the MPs decided it was important to extend it in order to "ensure proper confidentiality," according to Reuters. The Swiss Parliament's Investigation Commission, which was in charge of looking into how the bank Credit Suisse failed, made the decision to keep information about its findings under wraps for 50 years,...

The federal court in San Francisco received the lawsuit. Former Twitter employees have filed a class action lawsuit against the firm because it has refused to pay severance payouts totaling at least $500 million, CNN writes. Its information indicates that the business is accused of failing to carry out the 2019-approved plan for employee termination benefits. It did this in defiance of federal...

The penalty was calculated in accordance with the EU merger rule, which permits fines of up to 10% of a company's annual revenue. The US biotech corporation Illumina was penalized €432 million by the European Commission (EC) for acquiring US cancer test manufacturer Grail without the necessary antitrust clearance from the EU, according to a statement issued by the European Commission. "The...

The San Francisco court has given Microsoft Corp. permission to complete the acquisition of Activision Blizzard, a large US video game company. The accompanying judgment was published on Tuesday in the Northern District of California court database. The decision was made by Judge Jacqueline Scott Corley, who stated, "The court denies the motion for temporary lockup." The judge stated, "The...

One of the factors behind the carrier's decision, according to the Independent newspaper, was airspace constraints caused by the situation in Ukraine. 1.7 thousand flights that were scheduled to operate in Gatwick, the second-busiest airport in London, have been dropped by British airline easyJet for the months of July, August, and September. According to a Monday report by The Independent, one...

According to Bloomberg, Jack Ma's businesses have suffered losses of more than $ 850 billion as a result of his disputes with the Chinese government. The confrontation between Jack Ma and Beijing has cost his businesses more than $850 billion, Bloomberg summarized the nearly three-year-long effort the Chinese government used to target the millionaire. Chinese officials announced on Friday, July...