U.S. electric car maker Tesla has filed three trademark applications that the company wants to use in restaurant services, according to a document on the website of the United States Patent and Trademark Office (USPTO). In particular, according to the said information, at the end of May Tesla filed an application with the USPTO for the use of a logo in the form of a stylized letter "T" and two...

Etsy, the US-based online retailer of designer and handmade goods, announced that it has bought UK-based service Depop. The service specialises in the resale of clothing and is particularly popular with Generation Z. The deal is valued at $1.6 billion and is expected to be completed in the third quarter of 2012. Thereafter, Depop will continue to operate as a separate business with its own...

Private equity firms KKR & Co. and Clayton Dubilier & Rice LLC are close to buying US software developer Cloudera, The Wall Street Journal reported, citing its own sources. According to the publication, Cloudera will become a private company once the deal is completed. The signing of the agreement may be announced this week. Details of the possible deal are not yet known. Cloudera has a...

Daimler and Nokia Corporation have reached an agreement on the use of the Finnish telecommunications company's patented technology, which means the end of numerous lawsuits between the manufacturers. "Under the agreement, Nokia will license its mobile telecommunications technology to Daimler in exchange for monetary compensation. The parties have agreed to settle all pending litigation between...

Switzerland's largest food company Nestle admitted the fact that the largest part of its products cannot be labeled as healthy and several products can never be considered so. The admission is contained in an internal presentation of the company. According to the FT, the paper was prepared and was distributed to the company's top managers at the beginning of the year. Just 37% of...

The European Commission has given the Chinese service TikTok a month to respond to numerous consumer complaints that the service does not protect children from hidden advertising and inappropriate content. According to a statement from Justice and Rule of Law Commissioner Didier Reynders, the EU has started a formal dialogue with national consumer protection organisations to "help TikTok comply...

The European Airbus group said that it expects the commercial aircraft market to gradually recover to pre-pandemic levels between 2023 and 2025. The company sees the narrow-body airliner segment as the driver of the recovery. "The civil aviation market is beginning to gradually recover to the levels seen before the COVID-19 pandemic," said Airbus CEO Guillaume Faury, "so we want to give our...

HSBC, the second-largest bank in Europe and the sixth-largest in the world by assets ($2.9 trillion), announced yesterday that it is leaving "mainstream" retail banking in the US. HSBC USA has total assets of $204bn and serves 2.4m customers in the US, including retail, corporate and affluent. The bank said it will sell 90 of its 148 total retail branches in the US, close 35-40 and leave only...

Chinese technology corporation Xiaomi has presented data on financial results in the first quarter of this year. As follows from these data, the corporation's net profit for the reporting period amounted to 6.07 billion yuan ($949 million), which is higher than experts' expectations. Experts of Bloomberg forecasted net profit in the amount of 5.3 billion yuan. Compared with last year's figures,...