United States auto manufacturer workers of the Mercedes-Benz plant in Alabama have decided to vote upon whether to join the United Auto Workers union. The vote could result in follow up worker demands from the company.
Leader of the US Senate Majority Chuck Schumer has urged the Federal Trade Commission to "pump the breaks" on Chevron acquiring Hess corporation.
Retail giant Amazon has revealed that it would invest $1.3 billion in France. The investment is set to create new 3,000 jobs.
The Japanese major bank SoftBank has reported that it has managed to profit in the first quarter of 2024. Profits have been attributed to using artificial intelligence solutions.
Due to overall low returns, investors in Europe have started to invest on their own and dump the services of hedge funds. The trend has resulted in a 8-year low level in European hedge fund assets.
Today, OpenAI is set to announce a string of new updates to its ChatGPT products. A conference is set to be live streamed at 17:00 GMT.
The Russian gas giant has posted its first loss since late 1990s, as the firm has suffered losses of $7 billion. Quarterly result release has revealed that gas prices in China have been declining and there is less demand than in Europe.
Data for April has revealed that in April sales of homes in Toronto have decreased for a third month straight. Meanwhile, prices have continued to rise.
Turkish inflation has reached highest level since 2022 by nearing 70% in April. The Finance Minister of Turkey Mehmet Simsek commented that the inflation is in line with expectations.
German firm Henkel has revealed that it expects higher profits in 2024, as it has experienced a strong first quarter.
The banking group Societe Generale has reported a decline in profits in the first quarter of 2024. However, the drop of income has been lower than expected.
Weak demand in Europe has caused a decline in the share price of Daimler Truck, despite the company revealing better financial results for the last quarter.
Due to the ongoing boom in AI, global firms have been buying up semiconductors, which are mostly produced in Taiwan. Due to this reason, investors have been buying Taiwanese ETFs.
The sports brand firm Adidas has revealed that it intends to invest into and actively manage the three stripe sneaker Samba and multi-colour Gazelle brands.
As the earnings season is over, it has been revealed to the world that tech giant firms have experienced rising costs that stem from the development of artificial intelligence tech.
The Universal Music Group has struck a new pact with TikTok that would see the return of the group's artists to the platform.
US pharmaceutical company Regeneron has reported that its top eye drug has been sold in lower quantities than expected.
The new and information firm Thomson Reuters has reported an increase of quarterly revenue of 8.00%. Moreover, the firm expects higher earnings throughout 2024.
Due to a rebound in business travel, Air Canada has experienced and reported smaller quarterly losses.
The Wall Street Journal has reported that the insurer Chubb is set to pay out $350 million for the repair of the collapsed Baltimore Bridge.
World's second largest steel producer ArcelorMittal has revealed that it expects global demand for steel to increase by 3-4% during 2024.
Reuters has revealed that it is most likely that in March Japanese household spending had declined more than in February.
In the aftermath of a strong quarter, Maersk has increased its annual profit expectations, as demand for container shipping has increased by almost 4.5%.
The Organization for Economic Cooperation and Development has reported that it expects global GDP to grow 3.1% in 2024 and 3.2% in 2025. These new forecasts are higher than the previous 2.9% and 3.0%.