U.S. Procter & Gamble (P&G), one of the global leaders in consumer products, posted a 2.1% year-on-year increase to $8.368 billion in net profit for the first half of fiscal year 2021-2022, ending Dec. 31, according to the company's financial statements. P&G's net profit for the second quarter of the fiscal increased 9% year on year to $4.242 billion, while profit attributable to...

Emirates airline Emirates has said it will reduce the number of flights to the US due to the deployment of 5G cellular network infrastructure near a number of US airports. "Emirates will suspend flights to the following US destinations from 19 January 2022 until further notice," the carrier said in a statement. According to the text, the decision is taken due to "concerns related to the planned...

Big brands including Pepsico, Coca-Cola, Walmart, Unilever, Nestle and others have called for a global pact to fight plastic pollution. More than 70 multinational companies have called for a global agreement to fight plastic pollution. Among the signatories to the joint statement are Coca-Cola and Pepsico, Unilever and Nestle, retail chain Walmart and French bank BNP Paribas, reports...

Global air passenger traffic in November declined 47% from its pre-crisis (November 2019) level, following an October decline of 49%, according to the International Air Transport Association (IATA)’s press release. Meanwhile, global air passenger traffic was up 78.8% compared to November 2020, with growth slowing to 1.7% by October 2021 after 7.9% a month earlier. And international air passenger...

The US-based Boeing Co., one of the world's largest manufacturers of aircraft, space and military equipment, has received orders for 909 aircraft in 2021, a 17.9 percent increase over Europe's Airbus, according to the US company release. Airbus said that its total orders for 2021 stood at 771 aircraft. Boeing's orders in December totalled 80 aircraft, almost a quarter less than in November....

The spread of the omicron strain in the US has forced upcoming companies to rethink their plans. Some of them are refusing to celebrate their debut widely, while others are postponing their IPOs altogether, the WSJ says. The rapid spread of the Omicron strain in the United States is complicating the interaction with stock exchanges for companies planning to launch IPOs earlier this year, bankers...

Apple CEO Tim Cook earned nearly $100 million in 2021, 570% more than a year earlier, and 1,447 times the company's average salary. Apple's CEO Tim Cook earned nearly $100 million in fiscal year 2021, according to a company report sent to the US Securities and Exchange Commission (SEC). According to the document, Cook's annual salary was $3 million, and he received another $82.3 million in...

US billionaire Warren Buffett's bet on investing in Apple shares could be one of the most rewarding for an investor. Buffett's conglomerate, Berkshire Hathaway, bought the tech giant's 5% stake for $36bn in 2018. Now it is worth around $160bn, CNBC reports. Apple's stake in Berkshire Hathaway's portfolio is around 40%, according to calculations by InsiderScore.com. Buffett's conglomerate receives...

Riot Games has agreed to pay a $100 million settlement to former female employees who launched a discrimination and sexual harassment class action lawsuit in 2018. According to Reuters, the corporation will pay $80 million to the plaintiffs, who include current and former Riot Games female employees, as well as temporary female employees of the company's California office. All of the...