German insurance giant Allianz has decided to sell its ownership interest in fintech startup N26, the Financial Times writes. According to sources cited by the Financial Times, the German insurance company Allianz has listed its ownership interest in the fintech startup N26 for sale. Handelsblatt notes that the company's venture capital investment arm, Allianz X, currently owns 5.3% of N26. The...

According to a press release from the firm, oil production has begun in the subsea field Bauge in the Norwegian Sea, whose reserves are thought to be 50 million barrels of oil equivalent. "On April 8, production commenced at the Norwegian Sea's Bauge field. It is connected to the freshly updated Njord platform by the Bauge field. The research states that the recoverable reserves at Bauge are...

The Paris court found Airbus and Air France not at fault In the accident of flight AF447 from Rio de Janeiro to Paris on June 1, 2009. All 228 passengers of the aircraft perished in the collision. It was the biggest crash in Air France's history. According to Reuters, the punishment was given in France's first-ever corporate manslaughter trial. The maximum fine that may be imposed under this...

The Consumer Affairs Agency of Japan has fined pharmaceutical company Taiko Pharmaceutical more than 600 million ($4.57 million) for using false representations in its advertisements of the antibacterial medicine Cleverin. The official commercial for Cleverin disinfection claims that it is "99.9% effective" at eliminating viruses, bacteria, and odors in the air, and is available in spray or stick...

According to the company's report, orders for the European aircraft manufacturer Airbus declined by nearly five times in March compared to February, and totaled 20 aircraft. Airbus delivered 61 aircraft last month, up from 46 the month before, a 1.3-fold increase. According to the business's records, 127 of the 156 aircraft ordered from the company during the first quarter have already been...

According to the California district court decision, Elon Musk's X Corp. merged with Twitter, ending its existence as a separate business. According to the paper, "the undersigned counsel for defendant X Corp. as a successor to defendant Twitter inc. hereby contends that Twitter was merged with X Corp. and no longer exists." It emphasizes the fact that X Corp. is an X Holdings subsidiary....

U.S. ExxonMobil will end its unsuccessful search for oil in Brazil, reports The Wall Street Journal (WSJ), citing sources. The newspaper reported, citing sources familiar with the situation, that "Exxon Mobil Corp. has stopped a major oil prospecting campaign in Brazil after the multibillion-dollar project brought it nothing but a few disappointing wells." The company has already stopped drilling...

The US pharmaceutical company Johnson & Johnson (J&J) announced that it would set aside $8.9 billion to resolve "all current and future" claims against the company's products. The company is facing lawsuits baby powder that allegedly causes cancer. Allegations that Johnson & Johnson’s baby powder causes cancer due to asbestos in talcum powder have sparked more than 38,000 lawsuits against...

Bernard Arnault, Head of the LVMH group that controls the brands Christian Dior, Louis Vuitton, Moet & Chandon, and others, is now at the top of Forbes' annual list of the world’s richest billionaires. His net worth is pegged at USD 211 billion. He is the only businessman on the list with a capital of more than $200 billion. A year ago, the CEO of LVMH was rated third in terms of wealth, with...