Oil giant Exxon Mobil suffered its first annual loss in decades last year as the pandemic prompted energy use to plunge. The firm lost $22.4bn (£16.4bn) as energy prices dropped…
Author: Loneson Mondo
The Fish Wars: EU bans UK shellfish imports
The EU has told British fishermen they are indefinitely banned from selling live mussels, oysters, clams, cockles and scallops to its member states. As the UK is now a separate…
Recall:Tesla recalls US vehicles over failing touchscreens
Tesla is to recall large numbers of Model S and Model X cars in the US over failing touchscreens regulators warned could increase the risk of crashes. The National Highway…
Hands in the Tip Jar: Amazon settles claims that it pocketed delivery drivers’ tips
Amazon has agreed to settle allegations it cheated some drivers out of tips from customers for more than two years. Under a deal with the US Federal Trade Commission (FTC)…
Windfall: Google’s parent company, Alphabet sees record growth
Google parent Alphabet saw record revenues for the second straight quarter despite the pandemic as advertisers unleashed spending during the holidays. Cutbacks by travel and entertainment advertisers were more than…
The Many Lives of Bebo: Sold for $850m, bought back for $1m and again sold for $25m
Bebo – an acronym for “blog early, blog often” – like My Space was once the most popular network in the UK, Ireland, Australia and New Zealand. At its peak…
Exodus: Google co-founder Sergey Brin joins a growing list of Super-rich setting up family firms in Singapore
Google co-founder Sergey Brin becomes the latest Super-rich to set up a family office in Singapore to help manage his wealth. Mr Brin is the world’s ninth-richest person with a…
Indian Farmers’ protest: India says Rihanna tweet ‘irresponsible’
India has accused “foreign individuals” and celebrities of “sensationalism” after a tweet by pop superstar Rihanna, extending support to protesting farmers, drew global attention. Hours after the singer’s tweet, teenage…
The Giant’s Cousin: Jack Ma’s Ant Group float uncertain
It’s not all roses for Alibaba, as its financial technology (fintech) affiliate Ant Group remains under intense scrutiny from China’s regulators. The planned launch of Ant Group in November was…
Jack’s Giant: Alibaba’s revenue soars
Chinese e-commerce giant Alibaba has posted impressive results for the last quarter of 2020. Jack Ma’s e-commerce giant saw revenues up 37% against the same quarter of 2019 to 221bn…