Taiwanese company Foxconn Technology has entered talks to purchase a stake in Dagang NeXchange (DNeX),the Malaysian technology firm, after losing its bid for the DNeX-owned semiconductor maker, Bloomberg reports.
The UK airline easyJet founder's family has sold its small stake in the airline, cutting the Haji-Ioannou family's shares from 26.7% to 25.3%, according to a regulatory filing.
On Thursday, Commonwealth Bank of Australia became the first lender among the country's "Big Four" to allow its customers to check other bank account balances via its app.
On Thursday, China's Lenovo Group reported a 512% surge in its Q4 profit, beating expectations, on higher demand for the company's personal computers amid the pandemic.
Nvidia is expecting the current-quarter revenue to beat analysts' forecasts, betting on higher demand for the company's flagship artificial intelligence and gaming chips for data centres.
Abercrombie & Fitch reported a 61% surge in its Q1 sales, beating analysts' estimates, driven by the store openings as well as its boosted online business.
PayPal Holdings announced its plans to allow the platform's users to withdraw cryptocurrency to third party wallets.
Online job marketplace ZipRecruiter was valued at $2.7B in its NYSE debut on Wednesday, as its shares grew more than 10% on investors' optimism about job growth.
Ford stated during an investor day that it will spend $30B on EV development, including battery development, by 2025.
Amazon.com is set to buy MGM, the US movie studio, for $8.45B, giving it a large film and TV show library and increasing competition with streaming services, including Netflix.
Portugal received over €2.41B from the European Union to mitigate unemployment risks amid the COVID-19 pandemic.
On Wednesday, US stocks edged higher after remarks from the Federal Reserve. At 9:40 a.m. ET, the Dow Jones Industrial was up by 0.16%, the S&P 500 surged by 0.15% and the Nasdaq rose by 0.40%.
On Wednesday, WhatsApp sued the Indian government in a bid to stop the new rules that would require the company to trace users' encrypted messages.
Bitcoin, the largest cryptocurrency by market capitalization, edged higher as much as 6.5% to $40,904 on Wednesday.
SoftBank Group's Vision Fund 2 led a $775M investment in Perch, the technology company that operates and acquires third-party brands, which offer their products on Amazon.com.
Facebook's Instagram has rolled out an option for users worldwide to hide "Likes" on their posts, planning the further launch on Facebook following years of tests aimed at easing the pressure from their services.
On Wednesday, Nasdaq called on US regulators to remove the restriction that limits the amount of money firms can attract via direct listings on the stock market exchange.
On Wednesday, Michael Kors parent Capri Holdings is expecting its full-year profit and revenue to top Wall Street estimates, as shoppers to the US stores following the rapid vaccinations and the anticipated luxury goods demand in Europe.
On Wednesday, Ford Motor unveiled its plans to boost electric vehicle spending by over a third, aiming to have 40% of the global volume all-electric by 2030.
Xiaomi, the Chinese smartphone maker, reported a 55% surge in its Q1 revenue on Wednesday, beating analysts' forecasts, as it had nabbed a market share from Huawei Technologies, the one-time market leader.
On Wednesday, the UK retailer Marks & Spencer posted an 88% drop in its annual profit, marking lower demand in clothing sales amid the COVID-19 restrictions.
China's Li Auto, the electric carmaker, is expecting its sales to reach 10K vehicles a month starting from September and is planning its sales network expansion, executives stated on Wednesday.
Ford Motor has followed its rivals Volkswagen, Tesla and General Motors with developing two electric vehicle platforms, where one is deemed for smaller sport-utility vehicles and cars and the other for full-size SUVs and trucks.
Tesla, the US electric carmaker, has set up a site located in China for car data local storage amid growing scrutiny on the carmakers over handling the data collected by vehicle sensors and cameras.