XPO Logistics Inc announced its plans to spin off its logistics and warehousing business into a separate publicly-traded company, which will focus on e-commerce fulfilment.
Australia's Macquarie Group announced that it agreed to buy the investment management company Waddell & Reed Financial for $1.7B in cash.
Uber Technologies was in advanced negotiations to sell air taxi operations, "Uber Elevate", to aerospace company Joby Aviation, Axios reported, citing sources.
Amazon.com Inc announced that five firms, including JetBlue Airways and Uber Technologies, joined its Climate Pledge, the commitment to be net-zero carbon by 2040.
Teen banking application Step raised $50M from investors led by Coatue Management together with celebrities, including Justin Timberlake.
Amazon.com was in talks to acquire podcast startup Wondery valued at more than $300M, the WSJ reported citing sources familiar with the matter.
Car sales in France contracted 27.03% in November, compared to the same period in 2019, data released by the Automobile Manufacturers Committee show.
The economy of Chile contracted 1.2% in October, compared to the same month in 2019, a report published by the Central Bank of Chile shows.
The Canadian economy expanded 40.5% in the third quarter of the current year, compared to the previous quarter, data published by the Statistics Canada show.
The government of the United Kingdom on Wednesday approved the Covid-19 vaccine of Pfizer.
On Wednesday, the share price of Xiaomi dropped by more than seven percent, as the company finished a $3.91 billion fund raising project.
ION, the financial software group, is sponsoring a $500M worth IPO of SPAC, the special purpose acquisition company, seeking to invest in the fintech and services.
The Euro zone's producer price index surged more than anticipated month-over-month in October, while unemployment dropped due to the economic recovery before the coronavirus second wave struck.
Nissan Motor, the Japanese automotive group, is setting up a new business unit for the African region, seeking to bolster the production capacity as well as expand in the world's largest undeveloped new vehicle market.
Airbnb is seeking a valuation worth up to $34.8B in its long-awaited initial public offering, hoping for the business recovery after the coronavirus crisis earlier this year.
On Wednesday, Asian shares bounced following Wall Street's strong lead, driven by hopes for extra US economic stimulus as well as the coronavirus vaccine.
On Wednesday, Hyundai Motor Group announced it would launch an electric car-only platform at the start of 2021 that would use its own-developed battery technology to trim production costs and time.
Salesforce.com is set to acquire Slack Technologies, the workplace messaging app, in a $27.7B worth deal, the largest acquisition made by the cloud-computing company as it aims at the remote working extension.
According to figures released by the Australian Bureau of Statistics on Wednesday, Australia's gross domestic product rose by 3.3% in the third quarter.
ConocoPhillips, America's largest independent oil producer announced on Tuesday that it would layoff about 500 of its Houston employees.
Chile plans to secure a modernised free trade agreement with the European Union by early 2021, the Chilean Deputy Minister of Trade Rodrigo Yanez said on Tuesday.
On Tuesday, the Nasdaq Composite and the S&P 500 surged to record highs, as coronavirus vaccine optimism lifted the US stocks.
Wizz Air is set to expand in Norway to benefit from a shift towards domestic tourism caused by the coronavirus pandemic, the CEO stated.
HSBC purchased additional shares in Saudi British Bank, raising its shareholding in the Saudi lender from 29.2% to 31%, the bank stated.