Due to the Wirecard scandal the German regulators would ban EY from auditing companies with public interest for the next two years and fine the firm for 500,000 EUR.
McDonalds has temporarily shut down US offices and has reportedly started to lay off employees.
Tesla has revealed that the company has reached record car deliveries, which have increased by 4.00%. However, the company has achieved so by cutting prices on most of its models.
Due to the announcements of the unexpected OPEC+ production cuts, crude oil price benchmarks reached above and remained above $80.00 during this week's early trading.
Reuters has revealed that the CEO of Tesla Elon Musk intends to visit China and meet with the Premier of China Li Qiang.
The rocket producer Virgin Orbit Holdings has announced that the company would fire about 85% of its total workforce.
Wells Fargo has received a nearly $100 million fine for failures in complying with sanctions against Syria, Iran and Sudan.
The Massachusetts state regulators have started an investigation of possible insider stock trading at the First Republic Bank.
At 12:30 GMT, the US Bureau of Economic Analysis released the United States Core Personal Consumption Expenditures. The market consensus was that the price would have increased by 0.4% on a month on month basis. However, the number was revealed to be 0.3%.
Stubborn inflation data has set the European Central Bank on course to continue with interest rate hikes. Most recently, core inflation in Europe reached a new high level.
Crude oil prices have experiences a surge due to a half of exports from the Iraqi Kurdistan. The reduction of supply had pushed prices close to $80.00,
A group of AI experts and Elon Musk have expressed that the artificial intelligence industry should pause developments of six months to asses potential risks to humanity and the society.
The electric vehicle maker Lucid has announced that the company would fire 18% of its employees.
Apple has announced that the company is launching a new "buy now and pay later" service in the United States that would compete with Affirm Holdings and Klarna.
The World Bank has revealed that without bold policy shifts the world would experience an economic "lost decade".
The Walt Disney Company has started to lay off 7,000 employees, as the company intends to cut costs.
The CEO of Ferrari Benedetto Vigna has stated that the recent change of EU plans on combustion engines would give the luxury carmaker greater freedom in regards to systems.
In January and February Chinese industrial profits decline by 22.9%, compared to the same period in 2022. The drop in profits has been attributed to surging costs and low demand.
In the aftermath of the TikTok CEO's testimony before the US Congress, US lawmakers have revealed that they would continue on with the legislation that would address TikTok's threat to national security.
Swiss banking regulators have revealed that Credit Suisse managers might face disciplinary action over the rescue of the bank by UBS.
The Chief Executive Officer of Australia and New Zealand Banking Group Shayne Elliot has stated that the ongoing banking sector turmoil might trigger a financial crisis.
The US Federal Reserve and European Central Bank officials have revealed that they expect Europe and US to experience a tightening in lending.
Reuters has reported that CVS is closing in on the $8 billion deal to acquire Signify Health. The deal has been under regulatory scrutiny for months.
The government of India has announced to Airbus and Boeing that the airplane makers should open up assembly plants in India.