Uber Technologies is expecting the slowest recovery of the ride business in its local US market, even as its food-delivery service demand exploded in the Q3.
On Friday, Toyota Motor-backed start-up Pony.ai stated it had raised $267M in its latest round of funding, valuing the self-driving company at $5.3B, as it aims to expand its footprint in China and the United States.
General Motors CEO Mary Barra announced plans to boost capital spending during the following three years, seeking to accelerate the development of electric cars, funded by expanded manufacturing of the high-profit pickup trucks.
Canada added 83,600 new jobs in October, missing analysts' forecasts, while the unemployment rate declined to 8.9%, according to the Statistics Canada data released on Friday.
Germany's government considers that Lufthansa could seek more money in 2021, according to Der Spiegel magazine's report published on Friday, while the government dismissed it as "speculation".
The unemployment rate in October dropped to 6.9% from the 7.9% reading the previous month, while non-farm payrolls increased by 638K after surging by 672K in September.
France said it was expecting smoother trade ties with the US in case of the Democrat Joe Biden's triumph, with more multilateral cooperation and better alignment over sustainable development.
China's Central Bank stated on Friday that the decision on Ant Group's planned IPO suspension had been well considered to safeguard the financial consumer and investor interests.
On Friday, ViacomCBS reported it had beat analysts' expectations for its Q3 revenue on higher demand for the Showtime and CBS All Access streaming services, which partially offset the ad sales decline.
On Friday, the Board Member of the Bank of Japan Makoto Sakurai stated that coordination between the global central banks has kept the Forex market stable.
On Friday, global stocks changed a little but were still near their record high while US bond yields and US dollar stayed sluggish due to uncertainty of the Presidential Election's outcome.
The British Serious Fraud Office launched an investigation into Bombardier, the Canadian industrial group, over alleged bribery in jet sales to Garuda Indonesia, Reuters reported.
On Friday, the German insurer Allianz reported an unexpected 6% surge in its Q3 net profit compared to the prior year, despite pandemic pressure on business.
On Thursday, Apple was ordered to face a lawsuit against its shareholders due to concealing a decline in demand for iPhones in China.
Crude oil price benchmarks declined on Thursday due to the markets expecting a fall in demand that would be caused by the coronavirus.
During Thursday's US trading hours, stock prices surged, as a broad sell off of the US Dollar occurred.
European stock indices ended Thursday's trading with a surge, which was attributed to better than expected earnings reports.
The US government filed a lawsuit seeking to block Visa from purchasing the financial technology company Plaid.
International Business Machines launched a cloud platform aimed at telecom operators deploying 5G and signed up Samsung and Nokia as partners.
The Swiss National Bank did not reach the limit of ability to buy FX assets to weaken the Swiss franc despite the massive balance sheet, board member Andrea Maechler stated.
Iberdrola announced plans to invest £67.7B in renewable energy production and retail operations by 2025 to capitalise over rising global demand for clean power.
TikTok-owner ByteDance was in early negotiations about a new funding round, which will value the company at $180B after the investment, sources said.
General Motors is set to invest C$1B in its operations in Canada to extend production of full-size pickup trucks to meet growing demand.
China's Alibaba Group topped its estimates for the Q3 revenue after its core e-commerce business kept growing following the emergence of China from the COVID-19 lockdown.