Alibaba Group Holding, the largest Internet company in China, announced that it would perform an initial offering on the Hong Kong Stock Exchange. The company's managers has been given permission by the board of directors to file for a primary listing on the main board of the Hong Kong Stock Exchange, according to a statement from Alibaba Group Holding Limited. It should be mentioned that the...

There have been instances of child labor exploitation exposed at an Alabama-based subsidiary of the South Korean business Hyundai Motor, reports Reuters. Former Assistant Secretary of Labor for Occupational Safety and Health (OSHA), David Michaels, also corroborated this information by referencing the police. The case is linked to SMART Alabama LLC, a supplier of components to Alabama-based...

Amazon.com Inc. revealed that it would pay $3.49 billion to purchase One Medical. The entire transaction will be funded in cash. The healthcare division of the online store will significantly expand as a result. In 2019, Amazon tried virtual counseling for its employees in Seattle before making these services available to its other employees in other cities under the Amazon Care brand. The...

France's TotalEnergies said in a press statement that it had entirely stopped working on its projects in Myanmar. In January, TotalEnergies made the decision to end all of its relationships with the Yadana gas field operator and the MGTC gas transportation company in Myanmar. The company cited abuses and human rights breaches during the country's early 2021 political transition. "The decision...

Beijing is getting ready to sanction Didi, a Chinese taxi aggregator, $1 billion for breaking rules regarding gathering and use of personal data. According to the WSJ, the penalty would allow Didi to list its securities on the Hong Kong stock exchange. The Chinese watchdog is getting ready to fine taxi aggregator Didi more than $1 billion, putting an end to a year-long probe into security flaws...

The over-the-counter medicine division of the British pharmaceutical corporation GlaxoSmithKline (GSK) was separated into a new company. The new business, Haleon, rose to become the largest independent producer of over-the-counter medicines in the world. With a market capitalization of £30.5 billion at the time of its initial public offering (IPO), Haleon became the third-biggest IPO in the...

Aston Martin, a British premium sports car maker, has agreed to raise £650 million from Saudi Arabia's Public Investment Fund (PIF). With the acquisition, PIF will have a 16.7% stake in Aston Martin, making it the carmaker's second-largest shareholder behind Lawrence Stroll, a Canadian business magnate whose private equity group, Yew Tree Consortium, holds an 18.7% in the holding. Aston Martin...

In November and December, Daimler Truck will start assembling Mercedes-Benz electric buses in Brazil. Amid rising demand in the biggest economy in South America, Daimler Truck Holding AG aims to begin producing its first Mercedes-Benz electric bus type in Brazil in November and December, the corporation announced. By 2024, the business projects that there will be 3,000 electric buses on...

According to a statement from the firm, net income attributable to U.S. PepsiCo Inc. stockholders increased by 39.7% from the same period last year to $5.69 billion. The diluted earnings per share were $4.09, up from $2.94 in the prior year. Revenue of the corporation increased 7% to $36.425 billion, with 13.3% organic growth. Operating revenue increased by 35% to $7.344 billion. PepsiCo's net...