US banking giant Goldman Sachs Group Inc.'s net profit attributable to shareholders rose 9.1 times year-on-year to $12.058 billion in the first half of 2021, the bank said in a statement. Diluted earnings per share were $33.64 compared to $3.66 a year earlier. The bank's revenue for the reporting period was $33.092 billion, an increase of 1.5 times. Goldman Sachs' net profit attributable to...

Virgin Galactic shares plunged almost 13% shortly after trading opened. The day before, the space company successfully sent a full crew into space for the first time and returned to earth. Virgin Galactic then decided to sell $500m worth of shares. Shares in space company Virgin Galactic fell 12.99% after trading opened on the New York Stock Exchange, CNBC data show. The company's securities were...

Having been recently appointed as General Manager of Oberthur Fiduciaire, Etienne Couëlle must deal with a global health crisis that is expected to continue impacting economies around the world. Our discussion with this key player in the global security printing provides insight into a business that is as discreet as it is innovative. What has been the impact of the public health and economic...

Most US states have decided to sue Google over the company's control of the Android app shop. This was reported by Politico. A total of 36 states - including Utah, North Carolina, Tennessee, New York, Arizona, Colorado, Iowa and Nebraska - as well as Washington, D.C., have joined the proceedings.  It is noted that this is the third such lawsuit over alleged antitrust violations by Google....

Cryptocurrency payment service Circle has announced that it will go public via a merger with SPAC company Concord Acquisition. The fintech start-up will be listed on the NYSE with a market value of $4.5 billion when the deal closes. The parties intend to close the deal in the fourth quarter of this year. Circle will be the second major cryptocurrency company to go public in the last couple of...

Germany's Porsche AG and Croatia's Rimac Automobili have entered into an agreement to form a joint venture that will own luxury sports car manufacturer Bugatti. Volkswagen AG, which has owned Bugatti for the past 20 years, is putting the brand under the control of the joint venture as it intends to focus on electric cars and stop producing cars with internal combustion engines by 2035. As noted...

Founder of online retailer Amazon, Jeff Bezos, has officially stepped down as CEO of the company, as previously planned. The new CEO and president of the company is Andy Jassy, who has been with Amazon since 1997 and was head of Amazon Web Services before this appointment. It was no coincidence that Jeff Bezos decided to step down as CEO on 5 July: this day is the 27th anniversary of the...

PepsiCo plans to reduce the sugar content of carbonated drinks and iced teas sold in the EU by 25% by 2025, Reuters reports. By 2030, the sugar content should already be down by 50%. The company intends to make healthy snacks its fastest-growing food category over the next four years, PepsiCo's European head Silviu Popovici told the agency.  For example, sales of this category are...

Investment app Robinhood has agreed with the US Financial Industry Regulatory Authority (FINRA) to pay $70m in exchange for a settlement of claims against it. The watchdog announced this on Wednesday. In a statement, FINRA said there had been "systematic failures in terms of oversight and controls and significant damage suffered by millions of customers". Of this $57 million is the fine...