China's smartphone producer Xiaomi Corp is planning an investment of $7.1B in the 5G internet and artificial intelligence technologies within the following five years amid rising competition in the sector.
The US initial claims for unemployment benefits fell 2K to a seasonally adjusted 222K in the week ending December 28, according to the Labor Department's report seen on Thursday.
On Thursday, AMS, the Austrian sensor producer, announced it secured a 59.9% Osram stake, reaching the minimum threshold of 55%; however, still falling short of the 75% hurdle required to tap the German lighting group's profits.
China has temporarily halted its scheduled cross-border listings between the London and Shanghai stock exchanges due to political tensions the Asian country has with Britain, according to Reuters.
German firm Robert Bosch announced on Thursday that it would supply car makers with new lower cost self-driving car sensors.
On Thursday, the Chinese based firm Ant Financial revealed that it had applied for a digital banking license in Singapore.
On Thursday, Tesla announced that next week it would start the delivery of Model 3S cars, which have been made in China.
As it is accustomed, on the first day of the year's trading, global stock indices surged, as buying back of stocks was occurring.
On Thursday, results of a UK business survey done in December reported a decline in Brexit related uncertainty.
At the start of 2020 trading, crude oil price benchmarks traded higher. The higher start of the year was attributed to a number of minor factors.
During Thursday's Asian trading, Asian stock indices surged in value, as New Year's buy backing by investors was occurring.
Germany's Bosch said on Thursday that it had developed lidar sensors, which allow vehicles to view three-dimensional of the road, as the company aim to offer cheaper lidar sensor for self-driving cars.
The South Korean automakers Kia Motors and Hyundai Motor expect their 2020 sales to increase by 5%, after missing their target in 2019.
According to Tesla's representative, Tesla Inc would deliver the next batch of China-made Model 3s to customers on January 7.
Singapore's GDP grew at its slowest pace in a decade of 0.7% last year, amid a decline in the manufacturing sector and affects of the US-China trade war.
The Czech government is set to allow the 2020 state budget deficit to increase beyond a planned £1.34B gap to rise investments, if the slowdown deteriorates.
Turkey announced that it will not raise tax on tobacco products and alcohol in the H1 of this year, in a move seen curbing inflation and raising prospects for rate cuts.
South Korean exports declined 5.2% year-on-year in December, though less than anticipated, owing to improved demand from China and recovered chip prices.
Saudi Arabia's economy contracted 0.46% year-on-year in the Q3, affected by oil output drop, as the OPEC diminished production.
Egypt's M2 money supply increased 13.16% year-over-year in the month of November, the country's Central Bank revealed.
Israel's economy expanded 3.3% in 2019, the weakest pace in three years and below 3.4% growth registered in 2018, the preliminary estimate showed.
Vivendi agreed to sell 10% stake in Universal Music Group to Tencent-led consortium within a deal valuing the UMG at £25.9B.
Britain's minimum wage is likely to be increased at least 6% in 2020, taking it to £8.74 pounds an hour.
On Wednesday, the People's Bank of China said that economic growth remains strong in spite of tremendous pressure.