US retail sales stalled in April after an increase of 10.7% in March, data published by the US Commerce Department show.
On Friday, consulting company AlixPartners announced that the semiconductor chip shortage would cost carmakers $110B in lost revenues in 2021.
On Friday, Sanjeev Gupta's commodities empire GFG announced that it would fully cooperate with Britain's Serious Fraud Office fraud investigation.
Fisker Inc has signed an agreement with Foxconn Technology to manufacture EVs in the United States starting in 2023, both firms announced on Thursday.
The UK's Serious Fraud Office has opened an investigation into suspected fraud, money laundering and fraudulent trading at Sanjeev Gupta's metal empire.
Orange will fire about 485 employees in Spain in the coming weeks, the French telecommunications operator announced on Friday.
As reported by the US Commerce Department on Friday, US retails sales were unchanged last month.
The semiconductor chip shortage that hit the carmakers around the world will cost them $110B in lost revenues in 2021, topping the previous forecast of $61B, with an outlook the crisis is likely to hit the output of 3.9M vehicles.
On Friday, Taiwan's Foxconn said it was anticipating a 15% surge in its Q2 revenue amid extension of the remote work boom caused by the coronavirus pandemic that drove the consumer devices demand.
The UK's Serious Fraud Office has launched an investigation into suspected fraud, money laundering and fraudulent trading at the GFG Alliance conglomerate, the steel magnate, including its financing accords with the collapsed Greensill Capital.
Amazon is planning to create 10K new permanent job positions in Britain this year, taking the company's total UK workforce to over 55K, it stated on Friday.
During Friday's European trading hours, stock indices around the world recovered, as the Federal Reserve had calmed down inflation fears.
Tesla has entered talks with EVE Energy, the Chinese battery maker, to add the company to its factory supply chain in Shanghai, as Tesla seeks to bolster the lower-cost batteries procurement.
On Friday, Japan's Toshiba said it expected a 63% surge in its annual operating profit as pandemic and restructuring measures yielded results.
The electric carmaker Fisker and Foxconn Technology have finalised their vehicle-assembly deal, including plans to establish a US factory in 2023, both companies said earlier this week.
Walt Disney said its streaming growth missed Wall Street expectations following robust consumer demand during the start of the pandemic, but reported its quarterly profit above estimates.
Google announced it had won a deal for providing its cloud services to SpaceX, which launched the Starlink satellites to ensure high-speed internet.
Amazon.com is planning to hire 75K new workers, offering $100 extra for the COVID-19 vaccination proof, as the world's biggest e-commerce retailer seeks more employees for logistics operations.
Hyundai Motor Group is planning a further US investment worth $7.4B by 2025 to manufacture electric vehicles, upgrade output facilities as well as invest more in smart mobility solutions.
Airbnb topped Wall Street's estimates for its Q1 gross revenue, with bookings surging 52%, as easing restrictions and COVID-19 vaccinations spurred vacation rental demand.
Bloomberg reported on Thursday that Binance is under probes by the US Justice Department and the IRS. The news sent Binance Coin sharply lower, nearly 12% for the trading session.
Google won a deal to supply cloud services to Elon Musk's SpaceX, which launched plenty of Starlink satellites to provide high-speed internet.
On Thursday, Samsung Electronics increased its non-memory chips investment to $151 billion through 2030.
As reported by the US Labor Department on Thursday, the number of Americans filing for new unemployment benefits declined last week.