Schindler has announced that the company would reduce its 2022 earnings forecasts due to a slowdown in China.
Reuters has reported that due to building up stockpiles Target has been pressuring vendors to take up a portion of transportation costs.
On Friday, the German government bailed out Uniper with a total of 15 billion Euro by providing guarantees and equity.
Honda has announced that the company would decrease its Japanese plant output by 30%, as it lacks supplies.
Moody's has decreased its credit rating for Telecom Italia, which has caused a sell off of the company's shares and bonds.
The US mining company has announced that it had made less than estimated quarterly profits, as metal's prices had decreased during the April-June period.
At the start of Friday's trading, the stock price for Snapchat plummeted by more than 35.00%, as the company published its abysmal earnings. The company's earnings disappointed by 26.74%, compared to the already expected loss of -0.21 per share.
This week, American Airlines announced that the company had returned to making profits despite an ongoing increase in costs.
On Thursday, it was revealed that Chinese cybersecurity regulators had fined Didi Global for a total of $1.2 billion for its rushed US stock listing.
United Kingdom airline regulators have issued a statement to airlines to minimize flight disruptions or face sanctions from the institution.
This week, a published ZEW economic institute study revealed that a potential gas rationing in Germany would impact negatively the metals and chemicals industries.
The major aluminium corporation Alcoa released its earnings prior to the market opening on Thursday. It was revealed that the company's earnings per share were higher by 15.38% instead of the estimate. The stock started Thursday's trading with a spike up of 5.04%, which was entirely attributed to the earnings.
At 12:15 GMT, the European Central Bank did its first rate hike since April 2011 by hiking an unexpected 0.50% and published its Monetary Policy Statement. The central bank intends to combat rampant inflation despite worries that heavily in debt countries would struggle with servicing their sovereign bond debt.
This week, it was revealed that the Czech Republic was in talks with the US to acquire Lockheed Martin F-35 fighter jets.
As the total car sales have declined in Europe, the electric car registration had increased to 9.9% of the total registered new cars.
The carmaker Volvo has announced that the company expects flat or even lower retail sector sales in 2022.
The stock price of Carnival Cruises has suffered a major decline, as during European trading hours on the London stock exchange the stock price plummeted 5.80%. The decline was caused by the management of the company announcing a new share issue.
Armani has revealed that in the first half of 2022 the company's revenues had increased by 20.00%, as sales had increased above 2019 levels.
A German consumer group has filed a lawsuit against Tesla due to concerns over misleading CO2 ads and failure at data protection.
As a Spanish workers union gave its approval, the German carmakers Mercedes Benz has announced that it would invest 1.2 billion in an expansion of the company's plant in Vitoria.
AB Volvo revealed on Tuesday that the company had made higher than forecast profits, as demand for the company's trucks increased.
The world's largest lock maker Assa Abloy has reported that it had beat its second quarter earnings expectations, as sales had grown in the US and Europe.
This week, Swedbank revealed that the company's profits have been below expectations for the second quarter of 2022, as high costs offset rising income.
Binance has been received a 3.30 million Euro fine from the Dutch central bank due to the exchange offering services while not being registered in the country.