John Lewis Partnership has hired Sharon White, the UK telecoms regulator Ofcom's head, as the retailer's new chairman to succeed Charlie Mayfield, both firms announced on Thursday.
Germany's RAG Stiftung stated on Thursday it had no plans for an acquisition of the stake in Thyssenkrupp, whose shares stumbled to its 16-year low this week.
The US President Donald Trump has threatened to impose extra tariffs on China's $300M worth of goods but added he expected China to make a deal in the trade dispute with the US.
On Thursday, the CEO of the state owned Rosneft announced at an economic forum that Russian energy is identical to the US with one exception. Namely, Russian energy is by 30% cheaper.
On Thursday, the EU shares surged 0.3% amid expectations that the ECB will provide an extra stimulus for the ailing EZ economy fought disappointment due to a collapse of the Fiat Chrysler merger with Renault-Nissan.
On Thursday, it was announced that Foxconn is planning an overhaul of the management of the company.
The UK insurer Aviva is planning its UK business restructuring, cutting about 1.8K jobs
Christine Lagarde, the Managing Director of the IMF, stated that the Fund does not see the threat of a global recession brought on by a widening US-China trade war, though escalating tariff threats are likely to sap business confidence and could slow expansion.
Fiat Chrysler stated that it has abandoned $35B offer of merger for Renault, blaming France's politics for scuttling a landmark deal to establish the world's third-biggest automaker.
On Wednesday, shares in Provident Financial soared 16.6% following the collapse of the hostile takeover offer by its competitor Non-Standard Finance, the doorstep lender announced.
Bruno Le Maire, the French Finance Minister, stated there was no need for a rush in talks over the $35B merger between the carmakers Fiat Chrysler and Renault, but added he would also wish the deal to go ahead.
China's Alibaba together with the Russian sovereign wealth fund RDIF are set to invest $100M each in Russia's e-commerce joint venture, RDIF stated on Wednesday, adding it explores further acquisition of the $194M worth shares.
The US-China tariffs could decrease global economic production by 0.5% next year, the IMF warned on Wednesday ahead of the world finance leaders' meeting in Japan scheduled for this weekend.
China's Alibaba and RDIF, the Russian sovereign wealth fund, both are set to invest $100M in Russia's joint venture, RDIF stated.
The Institute for Supply Management stated that its Non-Manufacturing PMI rose 1.4 points to 56.9 in May, as services sector activity jumped in May, easing concerns that the US economy was slowing markedly following recent weak reports.
Mitsubishi Heavy Industries announced on Wednesday it had entered talks to acquire Bombardier's regional jet programme amid industry shake-up, as the Japanese company seeks launching its own programme.
On Wednesday, Oracle Corp and Microsoft stated they have teamed up to make their cloud services work together with the high-speed links between giants' data centres, in a move to tie-up against Amazon Web Services, the cloud computing leader.
On Wednesday, Mexican officials headed out to meet the Vice President of the US to ask for a cancellation of the upcoming five percent tariff that Donald Trump is intending to set on all goods from Mexico.
On Wednesday, crude oil price benchmarks continued to decline. The event was a continuation of the previous fall, which had gained additional momentum from an increase of US oil inventories.
ESR Cayman, the logistics real estate company, launched the books on its IPO in Hong Kong this year that could potentially raise up to $1.24B, according to Reuters.
Volkswagen is set to make a €4.0B investment within the following four years to digitalise its production and administration, the German automaker announced this Wednesday, adding that about 4K jobs in the non-production divisions could be cut.
Luigi Di Maio and Matteo Salvini, two Italian Deputy Prime Ministers, have discussed to potentially breach the EU's budget deficit rule by exceeding it over 3% according to the Corriere della Sera newspaper.
Steven Mnuchin, the US Treasury Secretary, is set to meet with Yi Gang, the Governor of People's Bank of China, this weekend during the G20 leaders meeting, which is planned to be held in Japan.
On Wednesday Bernie Sanders, the Democratic Presidential candidate, is set to attend the annual meeting of Walmart shareholders to push for employees' rights, calling for $15/hour minimum wage at the company.