The British bank Metro Bank has announced a new cost cutting round that would result in the firing of 20% of the bank's staff.
The Swiss bank UBS has revealed that it has observed that new billionaires no longer come from the entrepreneur segment. Most new billionaires have inherited their wealth.
The recent release of Chinese Manufacturing PMI survey results has revealed that the Chinese factories have continued to experience a decline.
Top four lenders have dropped their effort to comply with the United Nations Science Based Targets Initiative due to issues with financing fossil fuels.
Reuters has reported that United States health insurance companies Humana and Cigna have started talks to merge their businesses in a $60 billion merger deal.
The German auto makers Mercedes-Benz and BMW have announced a new joint venture in China that would create a high-power electric vehicle charging network.
The United Auto Workers union has stated that it intends to organize non-unionized auto sector workers. The UAW previously won new contracts with the three top Detroit based auto makers.
Recently released data has revealed that inflation in the Euro zone had declined more than expected, which pressures the European Central Bank to cut interest rates.
Reuters has reported that in an effort to avoid imminent liquidation Evergrande Group intends to conduct a last minute debt restructuring.
Reuters has revealed that Walmart has started to import more Indian than Chinese goods to the United States, as the company has reduced its reliance on China.
In the aftermath of a ten year dispute between London black cabs and Uber, the two parties have come to an agreement that would result in the UKs iconic taxis using the app.
This week Federal Reserve Governor Christopher Waller stated that interest rates have been acting as expected, which indicates that the central bank might not hike more and even consider rate cuts.
President Laurentino Cortiza has ordered the Canadian mining company First Quantum to shut down its copper mine in Cobre Panama after the Supreme Court of the country deemed its creation unconstitutional.
The second in command of the Warren Buffet's fund Berkshire Hathaway Charlie Munger has passed away this week on Tuesday.
US appeals court has ruled in favour of 3M and DuPont in an allegedly toxic chemicals case that would have otherwise allowed 11.8 million Ohio residents to sue the companies.
At 13:30 GMT, the United States Bureau of Economic Analysis published the US Preliminary Gross Domestic Product data. The initial reaction to the publication was a US Dollar decline. The markets expected the US GDP to have increased by 5.0% on a quarter to quarter basis. However, the actual number turned out to be 5.2%.
The European Central Bank has revealed that its research has concluded that artificial intelligence does not threaten jobs, but actually it is set to reduce wage levels.
The Peoples Bank of China has announced that it would combat systemic risk by targeting the central bank's policy at stimulating domestic demand.
The German auto giant Volkswagen has revealed to its workers that a part of its 10 billion Euro cost cutting program would include the firing of employees at no longer competitive brand branches.
Deutsche Bank economists have revealed that they expect a potential US recession to force the US Federal Reserve to cut interest rates by 175 base points.
The Governor of the Bank of England Andrew Bailey has stated that it would take hard work to get UK's inflation back down to 2%.
Reuters has revealed that the Beijing Stock Exchange has asked major shareholders to stop selling stocks, as the sales could stop the ongoing long awaited rally.
The Japanese government has passed an additional budget that would help the population with rising living costs and increase domestic investment. The new budget amounts to $88 billion.
Reuters has revealed to the world that the banking group Barclays intends to reduce costs by a total of $1.25 billion. Moreover, the bank could fire up to 2,000 employees.