The economy of Mexico contracted 3.6% in the first three months of 2021, compared to the same period in 2020, the National Institute of Statistics reports.
On Thursday, Ford, Daimler and BMW announced that they have established a site in China to store car data locally.
As reported by the US Labor Department on Thursday, the number of Americans filing for new unemployment benefits declined by 38,000 to a seasonally adjusted 406,000 last week.
Wall Street's main indexes edged higher on Thursday. At 9:43 a.m. ET, the Dow Jones Industrial Average was up by 259.35 points or 0.76%, while the S&P 500 inched higher by 14.50 points or 0.35%.
Hyundai Motor Group will cut the combustion engine line-up, as part of its plan for further electric vehicle investment, the South Korean carmaker told Reuters.
On Thursday, Airbus has raised its jet output targets in a bet on the global aviation recovery, strengthening its position ahead of negotiations with suppliers over investment needed for aviation boost.
Boeing is set to pay $17M in penalties in the Federal Aviation Administration settlement over its NG and 737 MAX jets, which had unapproved equipment installed.
On Thursday, HSBC announced it would exit from the loss-making US retail banking by selling its unprofitable business and shifting its focus to Asia, its largest market.
Paytm, the Indian fintech start-up, is targeting around 218B rupees ($3.0B) in its planned initial public offering late this year, according to a Bloomberg News report.
Taiwanese company Foxconn Technology has entered talks to purchase a stake in Dagang NeXchange (DNeX),the Malaysian technology firm, after losing its bid for the DNeX-owned semiconductor maker, Bloomberg reports.
The UK airline easyJet founder's family has sold its small stake in the airline, cutting the Haji-Ioannou family's shares from 26.7% to 25.3%, according to a regulatory filing.
On Thursday, Commonwealth Bank of Australia became the first lender among the country's "Big Four" to allow its customers to check other bank account balances via its app.
On Thursday, China's Lenovo Group reported a 512% surge in its Q4 profit, beating expectations, on higher demand for the company's personal computers amid the pandemic.
Nvidia is expecting the current-quarter revenue to beat analysts' forecasts, betting on higher demand for the company's flagship artificial intelligence and gaming chips for data centres.
Abercrombie & Fitch reported a 61% surge in its Q1 sales, beating analysts' estimates, driven by the store openings as well as its boosted online business.
PayPal Holdings announced its plans to allow the platform's users to withdraw cryptocurrency to third party wallets.
Online job marketplace ZipRecruiter was valued at $2.7B in its NYSE debut on Wednesday, as its shares grew more than 10% on investors' optimism about job growth.
Ford stated during an investor day that it will spend $30B on EV development, including battery development, by 2025.
Amazon.com is set to buy MGM, the US movie studio, for $8.45B, giving it a large film and TV show library and increasing competition with streaming services, including Netflix.
Portugal received over €2.41B from the European Union to mitigate unemployment risks amid the COVID-19 pandemic.
On Wednesday, US stocks edged higher after remarks from the Federal Reserve. At 9:40 a.m. ET, the Dow Jones Industrial was up by 0.16%, the S&P 500 surged by 0.15% and the Nasdaq rose by 0.40%.
On Wednesday, WhatsApp sued the Indian government in a bid to stop the new rules that would require the company to trace users' encrypted messages.
Bitcoin, the largest cryptocurrency by market capitalization, edged higher as much as 6.5% to $40,904 on Wednesday.
SoftBank Group's Vision Fund 2 led a $775M investment in Perch, the technology company that operates and acquires third-party brands, which offer their products on Amazon.com.