Companies

Accountants drop Trump, say records can’t be relied upon

Donald Trump's longtime accountants have ditched the former US president as a client, saying a decade's worth of financial statements could not be relied upon, court documents showed Monday.

Mazars informed the Trump Organization in a letter last Wednesday that it would no longer work for the company, which is being probed by New York prosecutors for alleged fraud.

Turkish Airlines’ former chair to take helm at Air India: Tata Group

İlker Aycı, former head of Turkish Airlines' executive board and committee, was appointed the CEO of India's national carrier Air India, Tata Sons Group announced on Feb. 14. 

Aycı, who was chair of the Turkish Airlines for more than seven years, resigned on Jan. 27.

India to sell 5 percent of insurance giant in IPO

India plans to sell a 5-percent stake in insurance giant LIC in what could potentially be the country's largest initial public offering, according to a regulatory filing on Feb. 13.

Prime Minister Narendra Modi's government is desperate for proceeds from the IPO of the Life Insurance Corporation of India and the sale of other state assets to help fix its tattered public finances.

Ukraine: Alarm in Athens for the country’s energy security

The route taken by Russian natural gas to reach our country, as well as the alternative sources of supply of this fuel, are the two main reasons why Greece appears reassuring in dealing with the possible consequences of a possible decision of Moscow to close the pipelines that cross Ukraine.

Volvo Cars and Mercedes boost profits despite sales slump

High-end automaker Volvo has said that the global supply chain bottlenecks caused it to sell fewer cars, but that its profitability rose as it was able sell vehicles at higher prices.

Chinese-owned Volvo Cars said the global shortage of semiconductors caused sales and profits to fall in the last quarter of the year.

Oil majors face backlash as era of big profits returns

British oil giants Shell and BP, U.S, firm ExxonMobil and France's TotalEnergies announced last week 2021 profits totalling a whopping $66.7 billion.

It marked a huge turnaround from 2020, when they posted losses as the pandemic emerged, prompting lockdowns that brought the world economy to a grinding halt and caused crude prices to collapse.

Renault car repair shops found in breach of competition rules

Ljubljana – Slovenia’s competition watchdog has found Renault Nissan Slovenija and four other companies have been colluding against competition in repair and maintenance of Renault vehicles through a cartel agreement for over ten years. One of the companies has admitted its involvement and provided further evidence in exchange for a milder sentence.

Union says Starbucks fired organizing committee at US store

A union representing Starbucks employees on Tuesday accused the coffee chain of firing workers attempting to organize in the US state of Tennessee.

Starbucks Workers United said employees comprising "almost the entire union organizing committee" at a store in Memphis were fired weeks after two Starbucks stores in New York became the first to formally organize.

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