A case filed by Jeffrey Epstein's sexual abuse victims against Deutsche Bank has been resolved. They will receive $75 million in total compensation from the bank. In November 2022, a complaint was submitted to the US District Court for the Southern District of New York against Deutsche Bank and JPMorgan. The plaintiffs claimed that Jeffrey Epstein's illegal activities were made possible by the...

The valuation of Chinese online clothes retailer Shein dropped from $100 billion to $66 billion during the funding round. In spite of this, the company managed to secure $2 billion in funding for the round, the WSJ reports. According to sources close to the company, Shein, a Chinese online clothes store, has raised $2 billion in a new round of funding. The online retailer was valued at only $66...

According to Bloomberg, which cited sources, Anglo-Dutch Shell intends to sell Eolfi, the French floating wind farm development business it bought in 2019. The agency reported that "the oil company is thinking about selling Eolfi a few years after the acquisition." Shell is leaving the pilot floating wind farm project that was supposed to be constructed off the coast of Brittany in northwest...

CEO of bitcoin exchange Coinbase Brian Armstrong stated that the trading site will continue to operate in the US. "Coinbase won't expand internationally. While acknowledging that "the US is a little bit behind right now" in terms of government regulation in this sector, Armstrong told CNBC that "we will always have a presence in the US." "I would say we're seeing more thoughtful approaches, for...

According to UBS CEO Sergio Ermotti, Switzerland's largest bank UBS anticipates completing its acquisition of Credit Suisse by late May or early June. Credit Suisse's stock price on the stock exchange fell by a quarter in a single day in the middle of March. The bank's demise was feared by many as a result of an American bankruptcy wave. The largest bank in Switzerland, UBS, later announced plans...

According to the company, Starbucks' net income for the first half of its fiscal year 2022–2023, which concluded on April 2, increased 18.3 percent year over year to $1.76 billion. Earnings per share increased from $1.28 to $1.53 from the previous year. Revenue for the time period increased by 11.1 percent to $17.433 billion. Net profits for the coffee chain's fiscal second quarter increased...

The gas division of ADNOC will be providing TotalEnergies with LNG worth $1 billion through 2025. The gas subsidiary of Abu Dhabi National Oil giant (ADNOC) has inked a three-year agreement with TotalEnergies under which it will provide the French energy giant with LNG worth at least $1 billion. Liquefied natural gas will be exported under a three-year arrangement between ADNOC Gas and French...

The SoftBank Group of Japan, which owns the British chipmaker Arm, has applied for an initial public offering in the US. According to a statement from British chipmaker Arm Ltd, which is controlled by Japan's SoftBank Group, the company has filed for an initial public offering on a U.S. stock exchange that may end up being the largest IPO of the year. Arm intends to float its shares on the...

According to a press release from the firm, TotalEnergies, a French oil and gas corporation, will sell its whole ownership in its Canadian subsidiary, TotalEnergies EP Canada, to Suncor for C$5.5 billion ($4.1 billion). "TotalEnergies received several offers following announcement of the divestiture of its Canadian assets, among which was an offer from Suncor Energy Inc. to acquire its entire...