Nokia and Samsung have signed a pact to license patents covering Nokia's video standards innovations, the Finnish telecom firm announced on Thursday, not disclosing the financial terms of the deal.
China's smartphone shipments surged as much as 236.6% annually to 21.3M units in February compared to the previous year, the CAICT data showed on Thursday.
The UK engine-maker Rolls-Royce dropped to its worse-than-expected $5.58B loss in 2020, tumbled by the pandemic that had prevented airlines from flying, but forecast cash outflow recovery in 2021.
Tesla raised price of the electric carmaker's Model S Plaid, Model Y Long Range and Model 3 Standard Range Plus, according to Tesla's website.
China's search engine Baidu is expected to launch its Hong Kong secondary listing on Friday to sell nearly 4% of shares, which at the current price will bring at least $3B.
Lufthansa is expected to launch the asset disposal programme in summer with the sale of its €1B Airplus unit, seeking to raise cash to emerge from a government bailout, sources said.
Siemens completed the sale of Flender mechanical and electrical drive systems business to Carlyle Group for €2.025B, the company stated.
Swedish li-ion battery maker Northvolt announced that it bought the US startup Cuberg to access technology, which would boost the range of EVs using its batteries.
Hilton Grand Vacations, the US timeshare operator, is set to buy Diamond Resorts for nearly $1.4B, as the hospitality industry prepares for recovery from the coronavirus pandemic.
German sportswear maker Adidas announced its intention to double e-commerce sales by 2025 and make products more sustainable within a five-year plan to increase profitability closer to its rival Nike.
On Wednesday, Campbell Soup stated it was expecting higher annual earnings, boosted by its cost-saving measures, adding that sales were likely to drop as the coronavirus vaccine launch made customers to return to restaurants.
Volkswagen is requiring around 300 GWh battery cells per year by the current decade's end for the carmaker's ambitious launch of electric cars in Europe, Reuters reported on Wednesday.
During early Wednesday's US trading hours, the stock price of General Motors surged by 2.71%. The surge was attributed to a broad stock market recovery and the news that demand for electric vehicles has been growing in China.
Italy's luxury fashion group Prada posted a robust recovery in its operating profits in the last year's second half, driven by surging Asian sales as well as e-commerce push together with strict costs and investments controls.
On Wednesday, Facebook reported it was triggering Instagram Lite in 170 countries, a new "lite" version that would allow access to media content service for users with a poor internet connection.
Just Eat Takeaway.com forecasts further growth this year, as business surged during the coronavirus pandemic, helping the company meet estimates for the full-year 2020 earnings.
On Wednesday, General Electric announced that Ireland's AerCap Holdings would buy its aircraft-leasing unit for over $30B.
During Wednesday's European trading hours, global stock indices surged, as a previously started recovery continued on.
Germany's sportswear maker Adidas anticipates a strong recovery in its 2021 sales led by the Chinese market, sending the company's shares up 3.5% on the forecast.
On Tuesday, Tesla shares surged almost 20%, marking the biggest daily gain in 2021 and rebounding from its deep selloff, following a report on a rise in the electric carmaker's Chinese sales.
On Wednesday, Asian shares rebounded from a two-month low. MSCI's broadest index of Asia-Pacific shares outside Japan rose by 0.40%, a day after it hit a two-month low.
On Tuesday, the South Korean-based e-commerce firm Coupang Inc seeks over $58B in its IPO debut in the New York Stock Exchange on February 11, as the firm boost its offering price range.
China has launched a coronavirus vaccination passport for its citizens, the Department of Consular Affairs under the Chinese Foreign Ministry announced on Tuesday.
On Tuesday, a US judge has approved a $1.5B Daimler AG's emissions settlement with the US government.