Microsoft stated that it has validated media rumors about its plans to lay off 10,000 staff. "Microsoft Corporation informed its staff on January 18, 2023, of a number of steps it is taking in response to the macroeconomic environment and shifting customer priorities. As part of these measures, the workforce will be reduced by about 10,000 workers by the end of the third quarter of fiscal 2023,"...

Despite losing $51 billion in value from last year's ranking, one of the biggest online merchants in the world, Amazon, was named the most expensive brand in the Brand Finance Global 500. The former top, Apple, has seen even greater price declines. The press release stated that despite a 15% decline in brand value from $350.3 billion to $299.3 billion, Amazon "regained its title as the world's...

According to Reuters, which cited the company’s spokesman, Equinor has delayed start of a second technological platform at its Johan Sverdrup oilfield in Norway due to equipment faults and repairs being in progress. Equinor itself notes that equipment issues are currently delaying the start of production at technological platform number 2. The company made no time estimates for the repairs....

Volkswagen intends to increase the range of automobiles it offers in China. The vibrant and agile market, according to Ralf Brandstätter, head of the Chinese business, is "a gigantic fitness center for the industry." Volkswagen has long held a monopoly over the market for internal combustion engines in China, but it is now trailing rivals in the market for electric vehicles, most notably BYD,...

The Wall Street Journal claimed, citing sources, that American manufacturer Johnson & Johnson is reducing production of its coronavirus vaccines in the face of declining demand. The article also states that Johnson & Johnson filed an arbitration demand against Merck in relation with the two firms' vaccine collaborations in October 2022, citing papers to support its claim. Merck filed...

According to a press release from S&P Global Ratings, the US cryptocurrency exchange Coinbase's long-term issuer credit rating has been reduced from 'BB' to 'BB-' with a negative outlook. The agency's experts remarked on their choice, saying that "Coinbase's trading volumes have dropped dramatically following the bankruptcy of cryptocurrency exchange FTX, and in our view, regulatory concerns are...

In 2022, the aircraft manufacturer Airbus recorded 1,078 new orders and delivered 661 commercial aircraft to 84 customers. However, the company was unable to reach its manufacturing schedule as a result of supplier issues. "We delivered 661 airplanes to 84 customers in 2022, an 8 percent increase over 2021. Clearly, this is less than what we had anticipated," the business claimed in a report....

A world leading private investment house, an expansive portfolio boasting some of the most innovative projects in a market evermore sensitive to questions regarding the environment, sustainability and social cohesion… In just two decades, Ardian has quietly become the French and European leader in private equity markets, symbolised by its far-reaching ambitions in ESG. A look back at a short...

The six billion dollar project will be built in partnership by Qatar's state oil and gas business QatarEnergy and the American-Dutch company Chevron Phillips, according to QatarEnergy's press office. In order to construct the Ras Laffan Petrochemicals complex, a $6 billion integrated alkenes and polyethylene production plant in the industrial town of Ras Laffan, Qatar Energy announced a final...