Volkswagen has agreed with Ford Motor on an outline deal to share their autonomous and electric car technologies, expanding their cooperation beyond their alliance on commercial vehicles, sources reported on Friday.
Ford Motor's China car sales in the Q2 plunged by as much as 21.7%, after the US carmaker was hit by a slowing economy due to the US-China trade war and limited new models launched for buyers to choose from.
On Friday, Wells Fargo's Irish division was fined €5.9M for a series of breaches related to regulatory reporting, becoming the second-biggest fine ever issued by the Central Bank of Ireland.
Deutsche Bank's sources announced on Friday it was planning to establish a separate "corporate bank" division that would seek to the streamline services that were spread throughout the lender at that moment.
Siccar Point, the North Sea gas and oil producer, is exploring its potential sale that could take place later this year, seeking to raise interest for the untapped North Sea's resources, according to banking and industry sources.
General Motors' China car sales in the Q2 plunged as much as 12.2%, after the US carmaker was hit by a slowing economy due to the US-China trade war and by severed competition in its major mid-priced SUV segment.
The British competition regulator is set to examine Amazon's investment in the online food delivery firm Deliveroo on Friday, seeking to pause the deal.
Budweiser APAC's Asian business CEO Jan Craps stated on Friday the company would not rely on mergers and acquisition deals to boost it growth after launching an initial public offering planned for this year in Hong Kong.
The Chinese Premier Li Keqiang stated on Thursday that the government would continue building internationalized, market-oriented and open business environment.
The Ministry of Commerce of China stated on Friday that the US must lift all additional tariffs in order to conclude new bilateral trade agreement.
Samsung Electronics announced expectations for a plunge in the Q2 operating profit for the third quarter in succession, as chip prices declined amid a supply glut and the US-China trade war's caused havoc in global markets of chips and smartphones.
Household spending in Japan grew at the fastest rate in four years of 4.0% in May, indicating improving domestic demand, which is likely to offer support for the economy facing rising external pressure.
The member of the European Central Bank Governing Council Olli Rehn stated on Thursday that the bank must provide more stimulus, as the Euro Zone's slowdown was no longer temporary.
According to sources familiar with the matter, the Competition Commission of India has started an investigation over price collusion between France's Mersen SA and local Assam Carbon Products.
William Hill stated on Thursday that it would close nearly 30% of its betting stores in the United Kingdom because of decrease of the maximum stake on certain gaming terminals.
European start-up Dott secured $34M in new fundraising led by existing investors South Africa's Naspers and EQT to launch an e-bike hiring business and roll out electric scooters' new generations.
India announce don Thursday that it needs $330B in investments in the next decade to power the country's renewable energy capacity, though coal is still likely to remain central to electricity generation.
Justin Amash, the US Representative, announced on Thursday he was resigning from the Republican Party, adding that politicians had become less loyal to the American people in comparison with their parties.
Illycaffe, Italy's premium coffee maker, is open to signing a strategic partnership with the aim to accelerate the retail network growth, as well as to a potential minority stake sale, its Chairman Andrea Illy stated on Thursday.
Uniper, the German energy group, clinched a deal over the sale of its French distribution and power generation businesses to EPH, the Central EU energy group, following an approval granted by the government of France.
On Thursday, the upper chamber of the Australian Parliament has supported a $110B tax cut plan over the upcoming decade.
Two German car producers, BMW and Daimler, stated on Thursday that their specialists would start jointly developing automated driving technology.
But Malu Dreyer, one of the heads of the German Social Democrats (SPD), stated on Thursday that the party would not leave the ruling coalition because of Ursula von der Leyen's appointment as the head of the European Commission.
Petroleo Brasileiro, Brazil's state-run oil company, has launched a non-binding phase for its Polo Reconcavo onshore gas and oil cluster's sale in Bahia, the firm announced on Wednesday.