President Laurentino Cortiza has ordered the Canadian mining company First Quantum to shut down its copper mine in Cobre Panama after the Supreme Court of the country deemed its creation unconstitutional.
The second in command of the Warren Buffet's fund Berkshire Hathaway Charlie Munger has passed away this week on Tuesday.
US appeals court has ruled in favour of 3M and DuPont in an allegedly toxic chemicals case that would have otherwise allowed 11.8 million Ohio residents to sue the companies.
At 13:30 GMT, the United States Bureau of Economic Analysis published the US Preliminary Gross Domestic Product data. The initial reaction to the publication was a US Dollar decline. The markets expected the US GDP to have increased by 5.0% on a quarter to quarter basis. However, the actual number turned out to be 5.2%.
The European Central Bank has revealed that its research has concluded that artificial intelligence does not threaten jobs, but actually it is set to reduce wage levels.
The Peoples Bank of China has announced that it would combat systemic risk by targeting the central bank's policy at stimulating domestic demand.
The German auto giant Volkswagen has revealed to its workers that a part of its 10 billion Euro cost cutting program would include the firing of employees at no longer competitive brand branches.
Deutsche Bank economists have revealed that they expect a potential US recession to force the US Federal Reserve to cut interest rates by 175 base points.
The Governor of the Bank of England Andrew Bailey has stated that it would take hard work to get UK's inflation back down to 2%.
Reuters has revealed that the Beijing Stock Exchange has asked major shareholders to stop selling stocks, as the sales could stop the ongoing long awaited rally.
The Japanese government has passed an additional budget that would help the population with rising living costs and increase domestic investment. The new budget amounts to $88 billion.
Reuters has revealed to the world that the banking group Barclays intends to reduce costs by a total of $1.25 billion. Moreover, the bank could fire up to 2,000 employees.
The Governor of Bank of Japan Kazuo Ueda has revealed that he can't say with conviction that the central bank would achieve its 2% inflation target.
The Vice President of the German Bundesbank Claudia Buch has commented that the German financial sectors face upcoming challenges due to interest expenditures and weak loan demand.
The anti-obesity drug maker Novo Nordisk has revealed that it would invest additional $2.3 billion in France to increase production.
Core Consumer Price Index in Japan had increased in October, despite previously easing. The data indicates that inflation could accelerate and pressure the Bank of Japan to tighten monetary policy.
Reuters has reported that during the Chinese Singles Day sales Apple had experienced a decline in smartphone sales, compared to Xiaomi and Huawei.
The Chief Executive of Stellantis Carlos Tavares has announced that the company would increase its revenue targets for its recondition and recycling unit.
This week, Volkswagen has announced that it is hiking the salaries at the company's US factories by 11%. The company and other non-union car makers had come under scrutiny for not increasing wages.
In the aftermath of Binance Chief Changpeng Zhao pleading guilty to US authorities, the exchange has experienced outflows totalling $956 million.
The US University of Michigan consumer survey has revealed that most of United States consumers are expecting that inflation would increase, despite official data showing a decline in price increases.
Reuters has revealed that top Alibaba executives have been calming down staff over former CEOs sales of the company's shares.
The Canadian government has increased its spending and fiscal deficit to levels not expected by financial analysts, as the country intends to subsidize the housing market.
The chief of Binance Changpeng Zhao has announced that he would plead guilty to breaking US anti-money laundering laws and step down from his position. With the announcement, the US Justice Department is set to finalize its long lasting investigation of Binance.