Volkswagen is set to make a €4.0B investment within the following four years to digitalise its production and administration, the German automaker announced this Wednesday, adding that about 4K jobs in the non-production divisions could be cut.
Luigi Di Maio and Matteo Salvini, two Italian Deputy Prime Ministers, have discussed to potentially breach the EU's budget deficit rule by exceeding it over 3% according to the Corriere della Sera newspaper.
Steven Mnuchin, the US Treasury Secretary, is set to meet with Yi Gang, the Governor of People's Bank of China, this weekend during the G20 leaders meeting, which is planned to be held in Japan.
On Wednesday Bernie Sanders, the Democratic Presidential candidate, is set to attend the annual meeting of Walmart shareholders to push for employees' rights, calling for $15/hour minimum wage at the company.
Samsung Electronics stated that it decided to cut the production volume of mobile phones at plant in China's city of Huizhou amid the impact of rising competition in the country.
The Internal Revenue Service was auditing taxes of Uber Technologies for 2013 and 2014, while the ride-hailing firm expected unrecognised tax benefits to be diminished within the next year by at least $141M.
The Central Bank of Ukraine is likely to keep its key interest rate unchanged, after delay to the disbursement of the IMF's aid worth $1.3B, a monthly poll revealed.
Reckitt Benckiser, the cleaning products maker, is set to invest an extra $200M in its US and UK units in 2019, including a $70M investment in a manufacturing facility In Michigan.
New orders for the US-made goods declined in April, while shipments dropped markedly, indicating lingering fall in manufacturing activity, which could undercut the broader economic growth.
The UK construction industry's PMI fell to the lowest level since March 2018, as customers delayed investment before Brexit uncertainty, while the sector lost jobs at the fastest pace since 2012.
Euro zone's inflation rate fell to an annual pace of 1.2% in May, missing expectations for a 1.3% forecast, the EU's statistics agency showed on Tuesday.
On Tuesday, MaxLinear, the radio-frequency chip maker, announced it had suspended shipments to Huawei Technologies and the Chinese giant's affiliates, adding it had no predictions whether the shipments could be resumed.
ModiFace, L'Oreal virtual reality unit, is set to provide Amazon with its make-up testing technology, the French company announced on Tuesday, allowing their customers to try on beauty products online via smartphone photos or videos.
On Tuesday, the Chinese broker Huatai Securities has launched London-Shanghai Connect, announcing its plans to attract over $500M on the LSE.
CIAM, the activist hedge fund, is set to "strongly oppose" the planned merger between Fiat Chrysler and French carmaker Renault worth $35B, calling the deal "opportunistic".
On Tuesday, the prior stock sell off that began in the US spread to the European stock markets. The decline was caused by large tech stocks being sold due to an upcoming antitrust investigation in the US.
Trump's Administration will sell 34 surveillance drones to its four allies in the South China Sea region on the back of the Defence Secretary Patrick Shanahan's statement that Washington would no longer indulge the Chinese behaviour in Asia.
France's ride-hailing app Kapten is set to appoint Sebastien Oebel as the firm's new Chief Executive Officer on the back of the co-founders stepping down from the company.
Volkswagen is seeking dual listing of its minority stake in the trucks unit Traton on the Nasdaq Stockholm and Frankfurt stock exchanges, planning to complete the IPO before summer break.
PayPal Holdings has a made a $11.2M investment into the Swedish financial tech start-up Tink, seeking to use its technology to allow their customers to link their bank accounts with their PayPal accounts.
On Tuesday, it was announced that the US government is preparing to investigate the abuse of market power by tech giants like Amazon, Google, Facebook and Apple.
On Tuesday, the USD reached a new low level against its peer currencies. The move was attributed to rising expectations of a Federal Reserve rate cut.
South Korea's economic growth declined more than initially expected in the March quarter, while core inflation weakened to near the lowest level in 20 years in May, data revealed, adding pressure for the Central Bank to cut interest rates.
Giuseppe Conte, the Italian Prime Minister, threatened to resign on Monday, telling his right-wing populists and anti-establishment lawmakers to end their feud.