The SoftBank Group-backed Indian unit Ola is set to acquire the Dutch electric scooter firm Etergo, as the ride-hailing company seeks to locally build EVs, Ola announced on Wednesday.
Hyundai Motor Group have chosen LG Chem as its new battery supplier for the upcoming electric cars, as the company aims to roll out 16 new EV models by 2025 and boost electric car sales to 560,000 by then.
Macy's Inc announced its plans to attract $1.1B in bond offering, as the department store chain is seeking to repay funds it borrowed under revolving credit facility.
Apple is set to reopen around 100 stores in the United States, some with the walk-in service but mostly with the curbside pickup, the tech giant announced.
Boeing planning significant job cuts in the United States this week after the company revealed it was set to reduce its global workforce of 160K employees by 10%, according to Reuters.
Google is planning to reopen its offices in more cities, seeking to scale up their capacity to 30% by September, in case the coronavirus-related conditions permit.
On Wednesday, Tesla Inc stated it would cut prices of the electric cars in North America and China after the coronavirus lockdowns affected demand for the carmaker's vehicles.
According to sources with knowledge of the matter, the Japanese company Nissan and the French carmaker Renault have suspended full-blown merger plans.
On Tuesday, the US National Railroad Passenger Corporation Amtrak told the US Congress that it needs extra $1.475B bailout.
Wall Street's main indexes edged higher on Tuesday, as the S&P 500 breached the 3000 psychological resistance level for the first time since the beginning of March.
On Tuesday, Hertz Global Holdings said in a filing to the US regulators that it has paid over $16M in retention bonuses to key executives.
The Egyptian President Abdel-Fattah al-Sisi and the Chairman of Sudan's Sovereign Council Abdel Fattah al-Burhan have agreed to improve bilateral relations.
On Tuesday, US stocks edged higher, as the S&P 500 rose above the 3000 psychological resistance level for the first time since early March.
On Tuesday, Christian Sewing, the Chief Executive of Deutsche Bank, said that the global equity markets were a bit too confident in their assessment about the post-coronavirus crisis recovery.
The German government plans to lift the travel warning for travellers from 31 European countries starting from the middle of June.
According to sources with knowledge of the discussion, the German airline Lufthansa expects the European Union to approve the $9.8B bailout deal agreed on Monday.
Merck & Co has struck a deal to acquire the Austrian pharmaceutical company Themis Bioscience. The company's Chief Executive Ken Frazier said on Tuesday.
Shares in the Japanese firm Marvelous rose 17% to their daily limit worth 682 yen on Tuesday after the game maker reported that China's Tencent Holdings would acquire a 20% stake.
On Tuesday, Qatar Airways announced on Twitter it planned to launch summer flights to more than 80 destinations worldwide, as the aviation sector starts slowly recovering from the coronavirus crisis.
China's Tencent Holdings is set to invest $70B during the following five years in new technology infrastructure, such as cloud computing, AI and cybersecurity, the tech giant said on Tuesday.
Uber Technologies is set to slash about 600 job positions in India, looking to trim 23% of the ride-hailing firm'a global workforce, as lockdowns hit the company's business in the country.
The UK low-cost airline easyJet confirmed that Andrew Findlay, its chief financial officer, would step down from his role in the carrier in May 2021, adding it had started to search for a successor.
On Tuesday, Latin America's biggest carrier LATAM Airlines Group announced the firm and its affiliates based in Peru, Colombia, Chile, Ecuador and the United States have filed for the US bankruptcy protection.
On Tuesday, Uber's rival Bolt announced it had raised €100M from Naya Capital Management, the London-based investment firm, in a deal that valued the European ride-hailing service at €1.7B.