Honda Motor Company and LG Energy have revealed that they would partner to construct a new electric vehicle battery factory in the United States.
This week, OPEC+ announced that the oil producers might decrease supply due to potential return of Iranian producers to the global market. Namely, OPEC+ aims at keeping oil prices at the current levels.
Abercrombie & Fitch has announced that it would cut its 2022 margin and sales forecasts due to a recent surprise quarterly loss, which was attributed to rising inflation.
Tesla has announced that the state of California should mandate new vehicles sold starting from 2035 to be electric or plug-in hybrids.
The Wall Street giant Citigroup has revealed that it would close down its commercial and consumer banking business in Russia.
The Electric Reliability Council of Texas has revealed that it had experienced new demand records this summer 11 times. However, no blackouts have been experienced.
It has been revealed that in August business sentiment in Germany had declined. However, the decline had been less than expected by financial market forecasters.
The Thai lender SCBX has announced that it would stop its $500 million acquisition of the crypto exchange Bitkub.
Honda Motor Company revealed this week that the company would decrease its output in Japan by up to 40% due to disruption of supply.
Bank of Japan Board Member Toyoaki Nakamura has revealed that the central bank would continue on with its ultra-easy monetary policy, despite the decline of the Japanese Yen.
The European Central Bank President Lagarde commented this week that climate change has had an impact on the ongoing global high inflation.
The Chinese government has advised farmers to replant or switch their crops due to the subsiding of a record heatwave.
Peloton Interactive published its quarterly results, prior to the US market opening. The company revealed that it had suffered bigger than expected loss. The company's stock price reacted to the news with a 13.06% pre-market price drop from $13.47 down to $11.60.
This week, the central bankers of the world were heading to Jackson Hole, Wyoming, United States, where the Federal Reserve would host the top policymakers at a symposium.
Honda Motor Company has revealed to be considering the creation of new supply chains, which would reduce its dependency on Chinese suppliers.
ECB policymaker Olli Rehn has stated this week that the central bank has already found benefits to a potential implementation of a digital Euro.
Keppel has announced that the company would acquire a 80% stake in the Singapore trash collector 800 Super Holdings in a deal valued at $273 million.
The airline has announced that it expects a larger passenger turnover due to an increased capacity in the United Kingdom.
The stock price of exercise bike and fitness accessory company Peloton Interactive stock price surged nearly 20.00% from 11.21 up to 13.43 during the early hours of Wednesday's trading.
The retail company has announced that it is decreasing its 2022 sales and profit expectations, as inflation has reduced customer spending.
Markit Purchasing Managers Indices for Euro Zone countries have revealed that business activity in Europe had declined for a second month in a row.
Handelsblatt has revealed that VW intends to acquire stakes in Canadian mining companies to secure its metal supply for car batteries.
Adidas has announced that its current CEO Kasper Rorsted is set to leave his position in 2023, which is before the end of his contract term.
The stock price of Zoom Video Communications started the day with an opening 13.20% below the previous market closing price. Namely, a drop from $97.49 down to $84.62 occurred.