In the second quarter of 2024, the global smartphone market has increased by 6.5%. The increase has been led by Samsung and Apple.
The European aerospace firms Airbus and Thales are considering a tie-up in space activates in an effort to compete with new market participants.
The global markets were recovering on Monday, as the head of the US Federal Reserve was set to deliver opening remarks at the Economic Club of Washington DC.
Results of a Reuters poll have revealed that market analysts expect inflation in India to rise due to soaring prices for vegetables.
The Handelsblatt has reported that business insolvencies in Germany in the first half of 2024 have increased by 41%, compared to the first half of 2023.
Exports from Taiwan have topped market expectations, as AI demand has caused an increase of exports of 23.5% in June, compared to June of last year.
The Federal Aviation Administration has announced the inspection of 2,600 Boeing airplanes for a potential issue with oxygen masks.
Reuters has revealed that the investment fund KKR has decided to reduce its stake in the chip tool producer Kokusai Electric.
Walt Disney has revealed plans to launch an additional cruise ship that would sail from Japan starting in 2028.
Vodafone and Meta have worked together on improving video delivery without impacting quality, which has resulted in major freeing up of capacity on 11 European networks.
The American-French-Italian car producer Stellantis has revealed that it would expand its hybrid line up in Europe to 36 models by the year of 2026.
The US airline Boeing has started talks with the US Defense Department in regards to the potential impact of the firm pleading guilty in the recent public trial.
The German car maker Porsche has announced this week that the firm has delivered less cars in 2023. The decline has occurred due to a 33% annual drop of sales in China.
The electric vehicle maker Lucid has announced that it has passed quarterly delivery expectations. The gains in the numbers have been attributed to reduced prices.
Pharmacy firm Eli Lilly has revealed plans to buy the bowel disease drug producer Morphic for a total of $3.2 billion.
The Bank of Japan has revealed that it is observing that wage increases have been spreading to smaller firms due to tight labour market. The central bank expects the tight condition to result in lower inflation.
The energy company ExxonMobil has announced that it expects to gain high second quarter revenues due to higher oil prices.
Chinese industry officials have revealed that European Union tariffs on Chinese electric vehicle exports have decreased export growth from 20% up to 30%. Namely, export growth increase has decreased from 30-40% down to 10%.
The energy giant Shell has announced that it is set to take up impairment charges of up to $2 billion due to sale and shut down of plants.
In May, the household spending in Japan has unexpectedly declined by 1.8% instead of the forecast growth of 0.1%. The new data is set to impact Bank of Japan's upcoming rate decision.
Government of Canada has announced that it would allow Glencore to take over the coal unit of Teck Resources, if the firm agrees to preserve jobs.
New York Times has reported that OpenAI experienced a breech on its internal messaging systems, which resulted in theft of details about the firm's AI design.
The Australian federal court has revealed that PayPal has used unfair terms in standard contracts with small businesses.
At the World AI Conference in China, various firms have shown off technology that the country has managed to circumvent US sanctions on AI tech.