Analysts predict additional Western firms to depart the Russian market after two of the world's largest oil corporations, BP and Shell, did so on Monday, abandoning multibillion-dollar assets in the aftermath of Russia's invasion of Ukraine.   Shipments have been blocked, relationships have...

In a sudden turn of events, the CEO of Toshiba Corp, Satoshi Tsunakawa, resigned, the Japanese conglomerate said. This sudden move comes after reports of a revised restructuring plan of the company surfaced that reportedly faced opposition from within the company as well as anger from shareholders...

Two of the largest logistics companies of the world, United Parcel Service Inc which is based in the United States, and FedEx Corp anocuned on Monday that they would be stopping their delivery services to Russia and Ukraine because of the current conditions created by the invasion of Ukraine by...

John Lewis, a British department store chain, has said that it will end its "Never Knowingly Undersold" pricing guarantee, which it has maintained since 1925.   The pledge states that the John Lewis, which is owned by its employees. would match the price on like-for-like branded...

The French auto giant Renault's local divisions in Russia has said that some activities at its automobile assembly factories in the country would be suspended next week owing to logistics constraints that have resulted in component shortages.   The action follows Russia's invasion...

Berkshire Hathaway Inc, headed by Warren Buffett, reported record profits for the fourth-quarter profit on Saturday, buoyed by increases in several of its businesses and common stock investments such as Apple Inc, and said yearly earnings hit a new high.   Berkshire also demonstrated...

Google, which is controlled by Alphabet Inc., on Saturday prohibited Russia's state-owned media outlet RT and a number of other channels from collecting money for advertisements on its websites, apps, and YouTube videos over the Russian invasion of Ukraine. This followed a similar decision taken by...

The world's largest producer of personal computers, China's Lenovo Group, reported a 62 per cent surge in its profits for its third quarter which reached an all-time high of $640 million on Wednesday. The record performance of the company was driven by the growing trend...

Barclays declared a record annual profit for 2021 and returned 2.5 billion pounds to shareholders through dividends and share buybacks, as bad loan costs fell and its investment bank maintained its recent excellent performance.   The British lender announced a pretax profit of 8.4 billion...

Truth Social, former US President Donald Trump's newly created social media platform, debuted late Sunday in Apple's App Store. This is potentially a signal for the former president returning to social media after he was banned from a number of social media platforms last...

Carl Icahn, the billionaire investor, has intensified his campaign against McDonald's over the treatment of pigs in the company's supply chain. Icahn, a Wall Street legend for shaking up firms, wants to appoint two persons to McDonald's' board of directors.   He only owns 200 McDonald's...