General Electric is set to demolish its large California power plant this year as the company considers it no longer economically viable due to inexpensive electricity is supplied by wind and solar.
The acquisition vehicle EP Global Commerce, led by Slovak and Czech investors, has made a takeover bid for Germany's retailer Metro, valuing the company at $6.60B, EP Global announced on Friday.
Andrew Murrison, UK's Middle East minister, is set to visit Iran this Sunday to hold "frank and constructive" negotiations amid severing tensions between Washington and Tehran after downing the US drone, according to the Foreign Office.
Cryptocurrency companies are set to obey rules to prevent the digital coin abuse for money laundering on the back of a global watchdog's launched crackdown in the first international regulatory attempt to curtail the fast-growing sector.
According to a report published in the People's Daily, the Chinese government needs to allocate $440B to improve sanitation and get rid of pollution in the country's rural area.
According to the Dagens Naeringsliv newspaper, Exxon Mobil Corp is considering dropping its $3-4B stake in offshore gas and oil Norwegian fields.
A team of economists in the Citibank stated on Friday that if the Fed decided to downgrade interest rates in July, it would do so by 50 bps.
The US Patent and Trademark Office on Friday has issued a patent to Amazon.com Inc that enabled the company to use drones not only as a mean of delivery but also for surveillance purposes.
On Friday, the US Dollar versus the Japanese Yen rose to five months high amid growing tensions between the United States and Iran.
Crude oil futures edged higher on Friday, with the US WTI crude was up by 10% this week, while the Brent crude was on course for its first weekly gain in five weeks on fears of the US-Iran conflict.
The spokesperson for Swiss government said on Friday that Switzerland would ban the trading of Swiss stocks on the EU market if the European Union does not extend Swiss exchanges access beyond June.
According to an EU diplomat on Friday, Swiss stock exchanges are set to lose their access to EU investors from July 1, after the European Commission lost patience in negotiations.
The US solar firm SunPower Corp has filed a claim against its former Vice President of global channels Martin DeBono, saying that he illegally got possession of proprietary information for the benefit of his new employer.
A group of the US Senators from the Democratic Party have requested the White House to provide information regarding the Justice Department's and the Federal Trade Commission's joint investigation over antitrust actions Apple Inc, Alphabet Inc, Amazon.com Inc and Facebook Inc.
Trafigura's Puma Energy has selected Bank of America Merrill Lynch for its planned asset sale in the company's effort to cut its debt, declining to comment on specific assets, Reuters said on Friday.
Delta Air Lines took over a stake in the parent of Korean Air Lines, seeking to boost it to 10%, giving impetus to the South Korean top carrier's management that seeks to scrap activist fund's challenge.
On Friday, John Varley, the former Barclays CEO, was cleared of fraud charges after the court admitted there was no sufficient evidence against Varley in the case over Qatari cash injections, which saved the lender from the 2018 state bailout.
Lloyds Banking Group has been fined £55.5M by the British financial regulator as the lender failed to disclose the fraud suspicions at one of the branches of Halifax Bank of Scotland, located in Reading.
Noble Group, the commodities trading firm, is planning to acquire an 8% stake in Arafura, Australia's rare earths developer, raising its interest in strategic minerals which are critical to electric vehicles and high-tech industry.
Slovenia has signed a deal with Nova KBM to sell its third biggest bank Abanka for €444M, the state privatisation body, Slovenian Sovereign Holding, announced late on Thursday.
British budget deficit widened 23% to £5.115B in May from the previous year, beating Reuters analysts' forecasts, the National Statistics Office reported on Friday.
On Friday, Japan's Vice Finance Minister for International Affairs Masatsugu Asakawa issued a warning that, if excessive volatility continues in the currency market, Japan's government will act against it.
Huawei Technologies reported 100M smartphone shipments in 2019 as of May-end, its phone product line head He Gang unveiled the data at the group's new Nova 5 device launch event in China's city of Wuhan on Friday.
China's tech giant Huawei is set to launch talks with the Russian communications ministry's officials this summer over using its Avrova operating system, according to RIA news agency's report seen on Friday.