The Swedish truckmaker Volvo is set to team up with the US chipmaker Nvidia for the next couple of years over artificial intelligence development for self-driving trucks, the firms announced on Tuesday.
On Tuesday, it was announced by Facebook that the company plans to launch its cryptocurrency, which is named Libra. Moreover, the social network will offer crypto wallets named Calibra.
On Tuesday, China's Alibaba Group announced that Maggie Wu, its Chief Financial Officer, will be in charge of the company's strategic investments unit, succeeding Joe Tsai, the Executive Vice-Chairman, amid the group's major management reshuffle.
On Tuesday, Volkswagen announced it would put 5K digital experts into its new Car.Software unit by 2025, as the German carmaker seeks to bolster the in-house software development to 60%, up from nearly 10% currently.
Tieto, the Finnish technology firm, has signed a cash-and-shares deal to acquire its Norwegian competitor Evry for $1.5B; a merger that will establish digital consultancy with 24K employees and annual revenues of about €3.0B.
During Tuesday's Asian trading session, Asian stock indices remained stable. The event was attributed to investors being cautious prior to this week's central bank announcements.
On Tuesday, the Governor of Bank of Japan Haruhiko Kuroda announced that during this week's rate review the bank's officials will debate increasing foreign economic risks.
The Oil Minister of Iran Bijan Zanganeh stated on Monday that the international crude oil market was fragile, volatile and highly influenced by politics.
According to a source familiar with the matter, Deutsche Bank is planning to substantially cut its American equities business and work only with corporate and prestigious clients.
Boeing Co stated on Monday that it would not follow the US President Donald Trump's advice to rebrand the 737 MAX model, arguing that it wanted to re-earn the public's trust.
Various US businesses ranging from small shops to multi-billion conglomerates have sent to the White House their comments on Trump tariffs in an effort to oppose the next round on imports from China.
On Monday, the US Securities and Exchange Commission announced that KPMG has agreed to pay a $50 million fine for cheating on exams and altering previous audits.
On Monday, the CEO of Huawei Ren Zhengfei announced that the company expects an additional $30 billion loss from the US ban.
Chanel, the luxury fashion group, reported on Monday its annual profits and sales rose 19.9% and 16.4% respectively, reaffirming the company's independence after Karl Lagerfeld, the fashion house's star designer, had passed away a few months ago.
Frank Witter, Volkswagen's Finance Chief, announced on Monday the German carmaker is likely to place more shares of its truck unit Traton after the initial public offering, where it sought to raise up to $2.1B.
On Monday, Pfizer Inc announced it would take over Array Biopharma in a deal valued $10.64B, granting the global biopharmaceutical company access to Array's cancer drugs.
On Monday, the German Bundesbank announced that it is expecting a decline of the German economy in the second quarter of this year.
Airbus has released the A321neo aircraft's long-range version during the Paris Airshow, which was held on Monday, seeking to snag new routes for carriers with smaller jets and outrace its competitor Boeing.
On Monday, Greg Ulmer, the Lockheed Martin F-35 programme's manager, stated that he had no concerns the proposed Raytheon-United Technologies Corp merger deal could affect the F-35 programme.
On Monday, Alphabet's Google has named Stanley Chen as the Greater China operations and sales managing director and is set to be based in Shanghai.
On Sunday, Intel Corp has rolled out a project to help Israeli tech start-ups develop their technologies in autonomous and artificial intelligence systems, planning to expand the scheme in other countries.
Huawei Technologies is getting ready for a 40%-60% drop in its international smartphone shipments amid the ban put by Washington on the Chinese company, which halts the US suppliers from cooperation with it, citing security concerns.
Deustche Bank is set to overhaul the trading operations by establishing a "bad bank", where it would hold assets worth up to €50B, according to the Financial Times.
The UK companies look likely to cut their investment the most since 2009 this year, as the crisis of Brexit drags on, weighing over the future economic growth prospects, the BCC survey revealed.