Jaguar Land Rover has invested multi-million pounds to build electric cars at its British plant, in its major boost for Britain's government and a sector that was hit by the diesel sales drop and Brexit uncertainty.
On Saturday, Bruno Le Maire, France's Finance Minister, stated that the EU Finance Ministers needed to find a compromise nominee to replace the International Monetary Fund's head Christine Lagarde, after she had been nominated as the ECB President to succeed Mario Draghi.
On Saturday, Turkey has fired its central bank chief Murat Cetinkaya due to deepen differences between the bank and the government on the back of an economic malaise, high inflation and the lira currency volatility.
A US national security panels granted its approval to the $2.25B investment by the Japanese group SoftBank in Cruise, the US autonomous vehicle company backed by General Motors.
Sheikh Tamim bin Hamad al-Thani, Qatar's ruling emir, is set to hold a meeting with the US President Donald Trump on July 9 in Washington to discuss the latest international and regional developments, the Qatari state news outlet reported on Saturday.
The credit rating agency Moody's has kept China's credit rating unchanged at A1 with a stable outlook, a report published by the agency shows.
New orders in the German industrial sector decreased by 2.2% in May compared to the same period the prior month, the German Federal Statistical Office reports.
The Asian Development Bank has approved a $235M loan to develop a bus transit system in Karachi, Pakistan's most populated city.
The Russian Deputy Foreign Minister Sergei Ryabkov plans to visit Venezuela in the second half of June to attend a meeting of the Coordinating Bureau of the Non-Aligned Movement and hold a series of meetings.
Mark Carney, the Governor of the Bank of England, said on Friday that a no deal Brexit was a great risk to UK's economy.
The Indian government proposed tax benefits over the purchase of electric vehicles and removed import tax on some auto components to encourage sales and reduce India's dependence over fossil fuels.
The CEO of German car producer BMW Harald Krueger stated on Friday that he would not stay for a second term and would leave his post in 2020.
One of the top credit rating agencies Moody's has decided to keep the A1 rating for China, saying that its positive outlook has not changed.
The Business Council of Australia stated on Thursday that approved by the Senate $111B worth tax reforms would help boosting the country's economy.
The US Federal Reserve stated on Friday in the report to Congress that the country's economic growth was still at a strong pace in the H1 of the year, but it likely slowed in recent months, as higher tariffs affected global trade and business investments declined.
On Thursday, the Russian President Vladimir Putin paid an official visit to Italy and discussed bilateral relations as well as international security issues with the country's President Sergio Mattarella and Prime Minister Giuseppe Conte.
India proposed tax benefits over the purchase of electric cars and removed import tax on some vehicle components to encourage sales and reduce the country's dependence over fossil fuels.
Volkswagen has agreed with Ford Motor on an outline deal to share their autonomous and electric car technologies, expanding their cooperation beyond their alliance on commercial vehicles, sources reported on Friday.
Ford Motor's China car sales in the Q2 plunged by as much as 21.7%, after the US carmaker was hit by a slowing economy due to the US-China trade war and limited new models launched for buyers to choose from.
On Friday, Wells Fargo's Irish division was fined €5.9M for a series of breaches related to regulatory reporting, becoming the second-biggest fine ever issued by the Central Bank of Ireland.
Deutsche Bank's sources announced on Friday it was planning to establish a separate "corporate bank" division that would seek to the streamline services that were spread throughout the lender at that moment.
Siccar Point, the North Sea gas and oil producer, is exploring its potential sale that could take place later this year, seeking to raise interest for the untapped North Sea's resources, according to banking and industry sources.
General Motors' China car sales in the Q2 plunged as much as 12.2%, after the US carmaker was hit by a slowing economy due to the US-China trade war and by severed competition in its major mid-priced SUV segment.
The British competition regulator is set to examine Amazon's investment in the online food delivery firm Deliveroo on Friday, seeking to pause the deal.