A settlement has been reached in a class action lawsuit brought by 3M, a U.S. multinational corporation, against citizens of multiple states in connection with the chemical contamination of nearby soil and water reservoirs. The business will pay $10.3 billion over the following 13 years. The contamination occurred due to perfluoroalkyl and polyfluoroalkyl substances, or PFAS group chemicals. They...

Warren Buffett, 92, has donated Berkshire shares worth $4.6 billion to charity. Billionaire Warren Buffett gave $4.6 billion worth of Berkshire Hathaway stock to charity as part of his customary annual giving, the investment firm announced in a statement. Five nonprofits received the donated shares. The Gates Foundation, established by millionaire Bill Gates and his ex-wife Melinda, received...

Mazda Motor, one of the largest vehicle manufacturers in the world, announced that the company may begin receiving electric car batteries from Panasonic of Japan. The statement read, "Panasonic Energy (a division of Panasonic) and Mazda will begin consultations to supply Panasonic Energy cylindrical lithium-ion batteries manufactured at plants in Japan and North America for Mazda vehicles and...

According to Bloomberg, which used data from cryptocurrency analytics firm Kaiko, Binance, the largest cryptocurrency exchange in the world, saw a decline in market share from 22% at the end of March to 1.5%. According to Bloomberg, using Kaiko statistics, "US currently represents just 1.5% of the overall weekly trading volume among US cryptocurrency exchanges, down from 8.2% at the start of the...

The former CEO of Nissan Motor, Carlos Ghosn, has filed a lawsuit against the firm and several related parties for his termination in 2018 and the subsequent planning of his arrest for financial irregularities. Mr. Ghosn is requesting $1 billion in damages in his complaint, which was submitted to the Court of Cassation in Lebanon, for the "serious damage" these activities have caused to his...

Following a year-long "disappearance" due to pressure from Beijing on the company he founded, billionaire Jack Ma has returned to the public eye more frequently. After spending more than a year away from China, billionaire founder of Alibaba Group Jack Ma has started to make more public appearances. He participated in a championship round of Alibaba-sponsored math contest on June 17 in Hangzhou,...

A division of Warren Buffett’s Berkshire Hathaway company boosted its stakes in five Japanese trading firms. According to a Berkshire statement cited by CNBC, National Indemnity Company, a division of billionaire Warren Buffett's Berkshire Hathaway, has raised its shares in five Japanese trading companies to an average of more than 8.5 percent. These investments currently have a combined worth...

The national government will provide approximately 120 billion yen ($860 million) in subsidies to Toyota, the largest automaker in Japan, to help it develop and manufacture cutting-edge batteries for electric vehicles, reports Kyodo news agency. The Japanese government has already committed to give Honda, a different Japanese company, roughly 160 billion yen ($1.1 billion) in April 2023 for the...

The European Union has given the Chinese technology corporation Huawei €3.89 million for research and development of inventions under the Horizon Europe initiative, writes the Financial Times. Huawei is a participant in 11 projects funded by Horizon Europe's flagship research and innovation initiative and will get up to 14% of the funding, or €3.89 million. The company offers platforms for...