Glencore is expected halt production at its mine in Mutanda, the world's biggest cobalt mine, from the 2019 end after a drop in cobalt's prices, Financial Times reported.
Snap Inc on Tuesday stated that it is set to raise $1B in short-term debt and announced plans to invest more funds into augmented reality features, media content and consider buying other companies.
Car production in Brazil increased 14.2%, while sales rose9.1% in July from June, the strongest monthly performance since 2014, the Anfavea stated on Tuesday.
Daimler stated on Tuesday that customers of Mercedes-Benz in Germany could apply for a $3,350 subsidy to update the older diesel cars' exhaust filters, the latest effort between German car producers to avoid bans.
On Tuesday, Amazon.com has cut the price for the company's paid music streaming service from $4.99 to 99 cents/month for students who have got its Prime subscription, allowing new members to get a subscription to Amazon Music Unlimited.
On Tuesday, Olaf Scholz, the German Finance Minister, stated that escalation in the trade dispute between China and the United States would further hurt the global economy.
New Media Investment, the local media company, stated on Monday it would acquire US Gannett Co in a $1.4B deal, establishing the largest newspaper owner in the US amid publishers' struggles regarding readers' shift to online news sources.
Amsterdam's Takeaway.com and its UK competitor Just Eat have agreed on their deal terms to establish a global food delivery firm that can outrace Uber Eats as the biggest outside China.
On Tuesday, the antivirus startup Cybereason announced it had raised $200M in investment from the Japanese SoftBank Group, doubling its total investments raised so far to around $400M.
Vivendi has entered talks over a 10% stake of Universal Music Group to China's tech group Tencent, seeking to expand its footprint in Asia.
On Tuesday, Deutsche Post DHL stated it had raised its 2019 forecast, expecting earnings improvement in the H2, following the restructuring measures and hikes in prices of the German parcels and postage.
On Tuesday, Barneys New York, the US luxury chin of department stores, has filed for the Chapter 11 bankruptcy protection, putting itself up for a sale, as the company faced surging rents and failed in finding a buyer for itself.
Amazon.com's CEO Jeff Bezos sold shares worth $990M in the e-commerce giant on the last days of July, bringing the total value of the offloaded shares to $2.8B, according to the Securities and Exchange Commission filing.
On Monday, the UN announced that North Korea has took in at least two billion dollars in revenue through cyber attacks.
On Monday, the US markets lost value, as vows to create new tariffs of the US President Donald Trump hit the value of stocks.
The Australian competition watchdog has granted its approval on Monday for Wesfarmers $160M acquisition of Catch Group, Australia's online retailer, marking the conglomerate's third takeover deal this year.
On Monday, a Bombarider-led consortium has won a contract worth over $4.5B for building and operating two Egyptian monorail lines; a project considered as the largest in recent years.
On Monday, International Business Machines and other companies, including Nokia, GlaxoSmithKline, Cisco, Lenovo, Vodafone, AB InBev, etc., have launched a new blockchain network called "Trust Your Supplier" designed for improving cumbersome and manual supply chain management.
On Monday, China's ride-hailing titan Didi Chuxing announced its autonomous driving division was launched as an independent firm that would focus on research, as well as seek to deepen collaboration with carmakers.
The British largest retailer Tesco announced it would trim about 4.5K jobs from the Metro stores amid another restructuring designed to reduce costs, repositioning the company to compete in a highly challenging environment.
Walmart's Indian division Flipkart is planning to launch free movies, videos streaming service that will be available to all the app's customers within this month, as the e-commerce firm seeks to raise its user base among small cities and towns.
Total, the French energy group, is planning a sale of 30% stake in the pipeline network Trapil to Pisto SAS, the oil storage operator, in a deal valued at $289M on the back of the broader asset sale programme.
HSBC ousted its Chief Executive Officer John Flint in a shock member shift, which was needed to accelerate the strategy, including its US business turnaround, the EU largest bank's chairman stated on Monday.
Swiss Re's UK-based ReAssure division agreed to acquire Quilter's closed book business in a $515.19M worth deal that will add more than 200K customer policies and £12.0B of assets to the ReAssure platform.