The Chinese joint venture between Volkswagen and SAIC Motor is planning to invest $590M to revive their Shanghai-based car plants to build new Audi sedans, Reuters reported on Tuesday.
Due to the coronavirus-caused turbulences and the jet's grounding problems, the US planemaker's clients withdrew 355 orders of the Boeing 737 MAX planes in H1 2020.
The German court agreed with the industry-sponsored Wettbewerbszentrale and banned the US electric carmaker's autopilot ads due to misleading advertising.
On Tuesday, the prices of Brent and WTI futures deteriorated on fears of possible spurn of demand caused by the increase in COVID-19 cases in the US and Asia.
On Tuesday, global stocks tumbled, oil dropped, while a safety bid backed the dollar on escalating tensions between China and the United States as well as new coronavirus restrictions introduced in California.
JPMorgan Chase & Co has topped Wall Street's expectations for its Q2 profit with a 77% surge on rising trading revenue, the biggest US lender announced on Tuesday.
Alphabet's Google has entered talks to acquire a stake for $4.0B in Reliance Industries' digital arm, according to a Bloomberg report published on Tuesday.
John Browne, the ex-BP chief, is set to step down as the Huawei UK chairman ahead of Britain's government ban of the Chinese tech giant from the British 5G networks.
China reported its first import growth in June since the coronavirus pandemic had hit the economy, adding that exports also surged on medical goods, showing signs of steady recovery.
On Tuesday, Hyundai Motor Group's head Euisun Chung announced that Hyundai Motor together with its sister firm Kia Motors seeks to sell 1M electric vehicles in 2025, targeting more than 10% of the EVs global market share.
On Tuesday, Nokia, the Finnish telecom equipment developer, has rolled out a new software that enables a 5G upgrade to mobile operators without replacing equipment or visiting the site.
On Tuesday, Australia's second-largest bank Westpac Banking has appointed Michael Rowland, the KPMG partner, as the new chief financial officer, Reuters reported.
SoftBank Group is considering options for Arm Holding, the British chip designer, including its partial or full sale, as well as public offering, according to the Wall Street Journal.
Luckin Coffee has ousted Charles Zhengyao Lu, the company's co-founder and chairman, replacing him with a new candidate Jinyi Guo and naming him also as the new CEO, the coffee chain announced on Monday.
Huawei Technologies posted a 13.1% surge in its year's first half revenue, marking a slower growth due to the US pressure on the tech giant's suppliers and customers, as well as expected British ban.
ENKRAFT, the energy activist fund, has acquired a stake of 3.47% in Energiekontor, Germany's solar and wind park developer, in a deal aimed to change the firm's strategy, the group announced on Monday.
Analog Devices Inc, the semiconducter manufacturer, announced it would acquire Maxim Integrated Products in a deal worth $21B, the largest in the United States this year, seeking to bolster its market share in the 5G and automotive chipmaking.
An iPhone user filed a suit against Microsoft Corp's LinkedIn over the alleged personal data breach, claiming it is reading and redirecting sensitive content from Apple's users via Universal Clipboard application.
India's Reliance Industries reported that Qualcomm's investment unit would acquire a 0.15% stake in Jio Platforms in a deal valued at $97.1M, helping Reliance's digital arm to launch its 5G services to India's market.
Walt Disney is planning to temporarily shut down its Disneyland theme park based in Hong Kong starting from July 15 due to the growing number of coronavirus cases, the company announced on Monday.
China's Huawei Technologies has addressed a meeting request to the British Prime Minister Boris Johnson, seeking to delay its removal from the UK 5G network, according to the Sunday Times report.
The US White House announced 25% of additional duties on France's handbags, cosmetics and other import goods valued at $1.3B in retaliation for the French digital services tax; however, delayed the implementation for 180 days.
On Monday, Alphabet's Google announced it is planning to pledge nearly $10B to India during the following five or seven years via tie-ups and equity investments, marking the company's largest commitment to the market.
British Prime Minister Boris Johnson intends to ban China's Huawei from the UK's 5G network on the back of rising economic tensions between China and the United States.