Bloomberg has reported that UBS intends to lay off more than 50% of the Credit Suisse workforce starting from July.
The Wall Street Journal has reported that the United States government has been considering AI chip export restrictions on exports to China.
Ford Motor Company has announced employee layoffs in Canada and the United States to reduce costs.
Oracle Chairman Larry Ellison has revealed that Oracle Corporation has been spending billions on NVidia Corporation chips due to expanding clout computing services.
The stock price of Hennes & Mauritz AB were surging during Thursday's trading, as the company reported that a long standing inventory build-up had ended. By 10:00 GMT, the stock price of the retailer had surged by 21.63 SEK or 13.77%.
Ford, Rivian, General Motors and Volvo have announced that the companies would use Tesla's charging station technology, which is now set to become the US standard.
The cloud data analysis firm Snowflake has partnered up with Nvidia to create new services that would allow clients to use AI models on their own data.
The United States electric truck maker Lordstown Motors has filed for bankruptcy and put itself up for sale.
The Chinese government has set a larger-than-expected trading band for the Chinese Yuan. Moreover, state banks have sold off the USD against the local currency.
KPMG has announced that it would fire 5% of its US employees due to "economic headwinds, couple with historically low attrition."
International Business Machines Corporation has revealed this week that it would boost its cloud and automation capabilities by acquiring Apptio for $4.6 billion.
The recent rally of Tesla shares has caused a major wave of downgrades of stock price targets by Wall Street firms.
Deutsche Bank has revealed to its investors that some shares of Russian companies have become inaccessible.
The Wall Street Journal has reported that US retailers have been seeing a broad wave of receiving bomb threats. Callers have reportedly asked for payment to not detonate a potential bomb planted at a store.
S&P Global has decreased its forecast for the growth of the Chinese GDP in 2023 from 5.5% down to 5.2%.
At the start of the week's trading, crude oil prices increased. The move was attributed to the Russian mercenary mutiny that occurred over the weekend.
Japan's Vice Minister of Finance for International Affairs Masato Kanda has issued a statement. The country is not ruling out taking action against the recent weakening of the Japanese Yen.
Uber has announced that the company would fire 200 employees from its recruitment division.
The Ifo institute has announced that in 2023 the German economy is set to decrease more than previously forecast.
Intel Corporation has announced a major restructuring of its manufacturing activities. The company intends to create a separate entity that would generate its own margin.
The Swiss National Bank has increased its base interest rate by 0.25% and revealed that it would continue to tighten monetary policy.
In an unexpected move the Bank of England has increased its official bank rate to 5.00%. The event has caused a strengthening of the Pound against peer currencies.
Goldman Sachs have revealed that the major bank expects OPEC+ countries to do another oil production cut.
Reuters has reported that French consumers have started to decrease their food budgets by choosing lesser quality foods, as a 16% record food inflation has hit the country.