On Tuesday, crude oil prices reached a 11-month high level, as the $57 level was reached due to tightening supply.
During Tuesday's Asian and European trading hours, stock indices remained almost flat, as various stocks showed mixed results.
On Tuesday, Volkswagen announced a recall of 56,000 Golf model cars to issue a software update that should fix rear camera issues.
Deutsche Bank has refused to do any future business with the US President Donald Trump and his companies, after Trump's supporters stormed the US Capitol in a deadly assault on January 6.
Ford Motor is set to shut down its three manufacturing plants located in Brazil in 2021 and take $4.1B pretax charges due to the impact of the COVID-19 pandemic.
Auto supplier Aptiv has revealed its new technology platform for self-driving with a wireless update tool deemed for a wide range of vehicles.
China's domestic smartphone shipments tumbled as much as 20.4% to 296M last year, compared to 372M units in 2019, according to the government data.
On Monday, Executive Vice President of Global Product Development of General Motors Doug Parks stated that the company is working with various start-ups to match or surpass Tesla in electric vehicles.
The President of the Atlanta Federal Reserve Raphael Bostic stated on Monday that a US economic recovery won't fully start until coronavirus vaccines are widely distributed.
On Monday, Ford announced that the company would close down its manufacturing in Brazil and take $4.1 billion in pre-tax charges.
During Monday's US trading hours, US stock indices retreated from previously reached high levels, as a consolidation of gains took place.
Chipotle Mexican Grill plans to hire 15,000 employees in the US as the burrito chain benefits from the increased demand amid the ongoing COVID-19 pandemic.
Staples, an American office retail company, made an offer to purchase Office Depot owner ODP Corp for $2.1B, a statement published by the company shows.
The British airline EasyJet secured a $1.87B loan, partially backed by the British government, improving its liquidity as the pandemic continues to weight on travel.
Virgin Atlantic is close to raise over $230M from a sale of two planes, enabling the company to repay a loan taken the last year as part of a rescue deal.
The number of tourists to Mongolia decreased 89.5% to 66,900 in 2020, compared to the same period the previous year, data published by the National Statistics Office show.
The Chinese automaker Chery Holdings announced 18.7% sales growth in 2020, compared to the same period the prior year, a report published by the company shows.
The UK airline EasyJet bolstered its liquidity via a new five-year $1.87B loan facility, supported by the Brtish partial guarantee, seeking to ease concerns over the airline's finances caused by the pandemic.
At the start of Monday's US trading hours, the stock price of Twitter lost additional 8.3%. The stock price has been dropping since the company banned Donald Trump's account.
Chinese regulators are set to push tech giants, such as JD.com. Tencent and Ant Group, to share consumer credit data in order to prevent fraud and excessive borrowing amid Beijing's latest scrutiny.
French drugmaker Sanofi agreed to acquire Kymab, the British immunotherapy company, in a deal worth up to $1.45B, seeking to expand in a rapid-growing medical area.
On Monday, Chinese government data revealed that smartphone shipments in 2020 had fallen by 20.4%, compared to the prior year.
Apple and Hyundai Motor are planning to ink a partnership over the autonomous electric car development by March, aiming to launch production in 2024 in the US, according to Korea IT News.
The Chinese electric carmaker Nio is considering to launch mass market vehicles under another marque, Nio's CEO announced on Monday.