The government of France is set to cut taxes French firms have to pay in addition to corporate income tax by €20B over the next two years.
The combined company resulting from the merger of France's Peugeot owner PSA and Fiat Chrysler Automobiles is expected to be called Stellantis, the automakers announced.
Germany's online fashion retailer Zalando raised its full-year earnings guidance, expecting GMW to jump 20% to 25% and revenue growth of 15% this year.
Luxury brand Burberry announced that it would slash nearly 500 jobs globally, including 150 UK-based office roles, as it expected no rapid recovery in demand.
Canadian home sales grew 63% in June from the prior month, the Canadian Real Estate Association stated, as buyers and sellers kept returning to the market after lockdowns.
Navistar International acquired a minority stake in TuSimple and intended to co-develop self-driving trucks by 2024 to roll out the US autonomous freight network.
Canada's factory sales increased a record 10.7% in May from April, though remained below the pre-pandemic level, Statistics Canada reported.
The Bank of Canada held rate unchanged at 0.25% on Wednesday, adding that economic growth is unlikely to return to pre-pandemic levels until 2022.
The US import prices rose 1.4% in the prior month, the biggest increase since 2012, due to a surge in the cost of fuel.
On Wednesday, Chipotle Mexican Grill announced it was planning to hire 10K workers over the next couple of months, seeking to support the drive-thru expansion.
Over 2.5K mobile games were deleted from Apple's app store in China during July's first week, after Apple shut down a loophole in order to comply with the local licence requirements, according to the SensorTower data.
Alphabet's Google is set to acquire a 7.7% stake worth $4.5B in Reliance's Jio Platforms, helping the digital unit realise its ambitions, Reuters reported on Wednesday.
PVH Corp, the owner of Calvin Klein and Tommy Hilfiger brands, is planning 450 layoffs in North America, while also intends to close 162 retail stores of the giant's business, which houses such brands as IZOD and Van Heusen.
On Wednesday, Nissan Motor has released its new Ariya electric sports-utility vehicle, the first brand-new global model in the last five years, fostering hope it would help the company to recover after over a year-long decline into the earnings losses.
The New York Times is planning to move part of the Hong Kong office to South Korea's Seoul, two weeks after Beijing imposed its new national security legislation.
Hyundai Motor shares surged almost 8% on Wednesday, following South Korea's announcement of a new "green deal" that would accelerate the use of the environmentally-friendly vehicles.
Delta Air Lines is expecting its Q3 flight capacity and revenue to be about 20%-25% of the last summer, as demand stalling due to a resurge in the number of coronavirus cases.
Donald Trump claimed he had no interest in talks over the Phase 2 deal with China, CBS News reported, citing the US President.
Spotify Technology has expanded to Russia and 12 other countries by launching music streaming service in these regions, following the company's expansion strategy after entering India last year.
Wells Fargo swung to its Q2 loss amid the coronavirus crisis that affected the lender's progress in recovering following a couple of misselling scandals, compelling it to spend billions of dollars in order to cover the bank's potential loan losses.
The British Prime Minister Boris Johnson announced that China's Huawei equipment would be removed completely from the country's 5G network by 2027-end.
Google was hit by a record fine of €600K from the Belgian data protection authority, as the tech giant did not comply with the EU rules on a right of a person "to be forgotten" online.
UK carrier Virgin Atlantic plans to secure a $1.5B rescue deal, removing the administration medium-term chance due to the coronavirus crisis, Sky News reported.
India's Flipkart is set to raise $1.2B in the Walmart-led funding, as the e-commerce firm seeks to outrun Amazon.com in the competitive coronavirus-hit market.