Volkswagen AG and its major shareholders announced on Tuesday that they have finished preparing preliminary documents for the planned Porsche's initial public offering with the expected valuation of $50-100B.
Dave Ramsden, the Bank of England Deputy Governor, stated on Tuesday that interest rates should be increased again to 0.75% due to increased uncertainties caused by the pandemic and armed conflict in Eastern Europe.
In January, new electric vehicle sales in China plummeted by 18.6%, as the government cut subsidies to electric vehicles.
Last week, the government of Singapore announced that it intends to increase sales taxes starting from the next year.
The US Trade Representative's office has announced that it would put e-commerce sites of Tencent and Alibaba on US list of "notorious markets."
The Bank of America has revealed that US Treasuries have experienced largest inflows in a period of two years, as risks of a recession increase.
The European Central Bank's policymaker Peter Kazimir has revealed that in his opinion the ECB should end its bond-buying program by the end of July.
Airbus announced this week that the company would restart paying dividends, as the company had experienced a sharp increase in profits.
This week, it was revealed that the US government was investigating nearly 415,000 Tesla vehicles due to reports of unexpected breaking.
Nestle announced this week that the company's profit margins would not be impacted by production cost inflation.
Manager Magazine reported on Thursday that Volkswagen was in talks with Huawei about an acquisition of its autonomous driving division. The deal could be valued in billions of Euros.
This week, the World Bank announced that private debt in developing countries creates risk, as more than 40% of firms have shown concerns over payments.
This week, Canadian Consumer Price Index data revealed that in January annual inflation in Canada hit a new high level at 5.1%, which was the highest level since September 1991.
Google revealed this week that the company would continue to use its Android advertisement tracking software AdId at least into 2024, despite Apple applying restrictions to a similar product.
This week Jaguar Land Rover and NVidia announced that they would collaborate and develop new computer systems for Jaguar and Land Rover cars.
Data released this week revealed that US import prices had increased by a record number not seen since April 2011. Namely, import prices surged by 2.00% in January.
On Wednesday, Barrick Gold Corporation announced its quarterly results. The company revealed that it had doubled earnings. Moreover, the company revealed that it would buy back up to $1 billion of shares.
At 19:00 GMT on Wednesday, the US Federal Reserve's Federal Open Market Committee published its meeting minutes from January. The document revealed that the Committee agreed upon that, if inflation does not decrease as expected, the Fed would tighten policy more than planned.
This week, Intel revealed that the company would expand in specialty chip manufacturing via a $5.4 billion acquisition of Tower Semiconductors. The stock price of Tower Semiconductors jumped more than 40.00% on the announcement.
On Tuesday, the Prime Minister of the United Kingdom Boris Johnson stated that the UK could ban Russian companies from raising funds in London.
This week, the Chief Economist of the World Bank Carmen Reinhart stated that, unless the US Federal Reserve tightens monetary policy as soon as possible, the US could face persistent inflation.
This week, crude oil price movements were fuelled by fundamentals, as news about escalation or de-escalation in Ukraine caused either a surge or decline of oil price benchmarks.
Reuters revealed this week that the $27 billion oil deal between TotalEnergies and the Iraqi government was stuck due to a dispute over risks and terms being changed by the government.
On Tuesday, the owner of Burger King and Tim Hortons Restaurant Brands revealed that due to online sales the company had beat its quarterly earnings estimates.