BMW and Daimler have strengthened their partnership on Thursday with the intention to share costs on the spiralling development for their automated driving technologies, Daimler stated in a blog post.
On Thursday, Future Retail stated its SHME Food Brands arm had inked a master franchise pact with the US group 7-Eleven to operate its Indian stores, on the back of the company's entry into the state.
The German Finance Ministry's advisor, Joerg Rocholl, stated that he considered the Deutsche Bank-Commerzbank merger deal did not make any economic sense for that moment.
Shareholders, Singapore Press Holdings and conglomerate Keppel Co, announced late on Wednesday they were set to delist the country's smallest telecommunications company M1, after their bid to take control over the firm closed.
Wellington Management, the top Bristol-Myers Squibb's shareholder, stated it would not support the US drugmaker's $74B worth takeover of the biotech firm Celgene.
On Thursday, Donald Trump announced that US has begun mediation between Pakistan and India. Moreover, Pakistan already is considering the return of the downed Indian pilot. During the mediation process safe haven assets were plummeting in value.
Thousands of passengers of Thai Airways were being hurt by the cancellation of flights over Pakistan. The company is set to suffer losses due to having to pay out compensations or offering alternatives.
The Dutch government built up a 14% stake in the Air France KLM airline group, in a move to protect the Dutch interests from France's growing dominance in the company.
Wabco Holdings, the US car parts maker, stated it had been approached by the German competitor ZF Friedrichshafen for a possible acquisition, sending its shares up 10% on the news.
On Thursday, the waste management company Bingo Industries has received a regulatory approval to acquire its smaller competitor Dial-a-Dump, saying it would also conducts its share buyback.
Walt Disney has agreed on the Brazilian antitrust regulator CADE's conditions to sell its Fox Sports channel's local rights to gain the approval of its Twenty-First Century Fox takeover.
The Chinese group Tencent Music Entertainment and the US buyout fund KKR are considering to make rival bids for a half of Vivendi's Universal Music unit, in a potential deal worth up to $22.73B.
Walt Disney has entered talks with AT&T to acquire a 10% stake in WarnerMedia's Hulu, the Variety business news portal reported late on Wednesday.
On Thursday, Casino, the French supermarket retailer, announced it would sell two ‘Geant' hypermarkets in a deal valued at $26M, as part of its debt-cut programme.
Starbucks' China rival Luckin Coffee has hired three investment banks, including Credit Suisse, for its planned US initial public offering this year.
The board member of the Bank of Japan Hitoshi Suzuki warned that the local financial institutions' profits could be hurt significantly by higher credit costs if the country's economy slides into recession.
China's factory activity contracted to the lowest level in three years in February, as export orders declined at the fastest pace since the crisis, highlighting cracks in an economy amid weak demand abroad and at home.
On Wednesday, one of the ECB policymakers Francois Villeroy announced in an interview that ECB needs to look at the possible risk from longer term negative interest rates. It is a clear signal that the rates could remain negative during the longer term future.
The head of the Federal Reserve announced on Wednesday that this year the Fed will stop the shrinking of its four trillion US Dollar balance sheet. It is a clear announcement that the USD and subsequently all cash will decline in value, compared to other assets.
US authorities revealed on Wednesday that the founder of My Big Coin has been arrested and will be charged with fraud.
On Wednesday, Airbus announced that it will overcome German freeze of arms sales to Saudi Arabia by redesigning a military aircraft model, which is built in Spain.
On Wednesday, the Robert Lighthizer, who is the US Trade Representative, announced to US Congress that the US and China are far from reaching a trade deal.
During the second half of Wednesday's London trading session crude oil prices had risen more than two percent. The reason for the surge was the fact that Saudi Arabia ignored US pressure to stop production cuts.
During a series of twitter posts about the SEC the Chief Executive Officer of Tesla announced that the company will have significant news to announced at 14:00 PM on Thursday California time.