Philip Morris takes over Vectura pharma for $1.5 billion

Philip Morris takes over Vectura pharma for $1.5 billion

By Anna Domanska - Jul 10, 2021

Philip Morris International (PMI), the multinational cigarette and tobacco manufacturing giant, is set to buy British pharmaceutical company Vectura for £1 billion ($1.5billion).

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UK watchdog whacks Amazon with probe for unfair data collection practices

UK watchdog whacks Amazon with probe for unfair data collection practices

By Christy Gren - Jun 11, 2021

The Competition and Markets Authority will focus on whether Amazon, Inc. favors merchants that use its delivery services.

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U.S. Treasury floats global corporate tax rate of at least 15% in international talks

U.S. Treasury floats global corporate tax rate of at least 15% in international talks

By Anna Domanska - May 22, 2021

The U.S. has proposed that corporate around the world pay at least 15% tax on their earnings. The proposal comes as the Organization for Economic Cooperation and Development (OECD)

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US inflation report of 4.2 percent raises concerns

US inflation report of 4.2 percent raises concerns

By Anna Domanska - May 14, 2021

The US reported the highest inflation recorded in the last dozen years at 4.2 percent in April, riding on government stimulus packages, improved energy prices, better spending and

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LG Commits $4.5 Billion to Building Battery Production Sites in the US

LG Commits $4.5 Billion to Building Battery Production Sites in the US

By Anna Domanska - Mar 15, 2021

LG Energy Solution plans to invest more than $4.5 billion in its U.S. battery production business by 2025 in a bid to meet the rising demand for electric vehicles in the future. Th

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Agnelli's buy 24% stake in luxury shoe brand Louboutin

Agnelli's buy 24% stake in luxury shoe brand Louboutin

By Anna Domanska - Mar 09, 2021

The Agnelli family, owners of Ferrari and Juventus, has become a 24 percent shareholder in luxury shoemaker Christian Louboutin. It invested 541 million euros through its Exor hold

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Amazon announces ‘largest renewable project’ to date

Amazon announces ‘largest renewable project’ to date

By Anna Domanska - Feb 09, 2021

The Amazon-Shell HKN Offshore Wind Project is located 11 miles (18.5 kilometers) off the Dutch coast and covering an area of 125 square kilometers. The offshore wind farm is expect

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Amazon to invest in natural gas trucks to lessen carbon emissions

Amazon to invest in natural gas trucks to lessen carbon emissions

By Anna Domanska - Feb 08, 2021

The company has witnessed a boom in business in the last year with a 38 percent increase in sales. Amazon plans to operate a carbon-neutral business by 2040. The engines in the EV

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Amazon loses bid to delay union forming move at Alabama facility

Amazon loses bid to delay union forming move at Alabama facility

By Anna Domanska - Feb 07, 2021

The National Labor Relations Board (NLRB) of the US has rejected Amazon’s request to postpone a union vote at one of its warehouses in Alabama, giving an opportunity to nearl

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