United Kingdom's data regulators have started to investigate whether Snapchat has been addressing the issue of underage users using its app.
Reuters has reported that Walt Disney Company has compiled a task force for the studying of ways to use artificial intelligence.
The Chinese development firm Country Garden has announced that it had not paid out its two dollar bond coupons. The total unpaid amount has been $22.50 million.
Despite risks associated with the ongoing war, natural gas traders have continued to use storage units in Ukraine, which are offering lower prices.
The manufacturer of electric vehicle parts Proterra has filed for bankruptcy. The company is the latest among companies going bankrupt in the industry.
The Italian government has approved a one-time 40% tax on bank profits that have increased due to increasing interest rates.
The rating agency Moody's has downgraded several US banks and revealed that more banks could receive a credit rating decrease.
Imports and exports of China have continued to decrease more than expected, as weak global and domestic demand has impacted the recovery of the Chinese economy.
Due to a decline in demand for meats Tyson Foods has announced that the company would shut down four meat processing plants.
Reuters has revealed that due to companies leaving the Chinese investment market the country has experienced a foreign direct investment low level not observed for 25 years. Due to this reason the Yuan has lost value because of a decline of demand.
In the second quarter of 2023 Saudi Aramco has reported a profit decline of 38%. The company has made $30 billion during the quarter.
Employee hiring has declined in the fastest pace since mid-2020 due to a slowdown of the economy.
Eisuke Sakakibara, who is known as Mr Yen due to his interventions in the Forex market as he served as Vice Finance Minister of Japan, has stated that the Japanese government is unlikely going to intervene in the currency market.
Reuters has revealed that Credit Suisse intends to lay off 80% of its employees of the Hong Kong investment banking unit.
The Chinese government has announced measures that would reduce municipal government debt by issuing bonds, swapping debt and rolling over loans.
Kia and Hyundai have recalled 91,000 vehicles in the United States due to fire risks. The company has urged clients to park their cars outside.
As Saudi Arabia has pledged to continue its oil production cuts, crude oil prices have continued to surge, as they have booked a sixth week of consecutive gains.
During the most recent earnings announcement, Amazon.com Inc has revealed that it expects to continue to grow during the third quarter of 2023 due to cloud sales and recent shopping trends.
Due to an increase in demand for cruises, cruise operators are preparing to increase their prices during the upcoming months.
The shipping group Moller-Maersk has announced that it expects a major decline in global demand for sea shipping of containers due to a stop in economic growth.
Consumer goods producers, automakers and machinery makers have revealed that the Chinese post-pandemic recovery boost has grinded to a halt, as sales in the market have slowed down.
Amazon has published its second quarter results and third quarter forecasts. The company has rvealed that its cloud sales remain resilient and shopping trends are boosting earnings. The news caused an almost 10.00% surge of the company's stock price during pre-market hours.
Despite beating earnings expectations in the second quarter of 2023, Apple has reported bad news. The company has revealed that it expects sales to continue to decline in the third quarter of the year. This would mark a fourth quarter of sales decline.
The Wall Street Journal has reported that Binance continued to do monthly transaction of up to $90 billion in the banned Chinese market.