Volkswagen and a group of partners are set to invest 20 billion Euros in a new battery cell venture, which would target 20 billion annual sales by 2030.
EPFR has revealed that additional $62.6 billion have been moved into cash and $2.4 billion bonds have been bought up by the financial market participants in the first week of July.
During this week, market sentiment indices revealed that investor pessimism in regards to quarterly earnings were at historical high levels.
The United States Treasury has issued a call for inter-agency solution to the regulation of digital assets and revealed that it had developed a framework that would address risks and capture benefits of the asset class.
Samsung Electro-Mechanics has revealed that the company would negotiate with Tesla about possibly supplying camera modules.
Chinese authorities have revealed new and stricter rules that would regulate the country's $1.3 trillion credit card sector.
The crypto lender Celsius Network has been sued by a former client. The firm is being accused for rigging prices and failing to hedge risks, which resulted in a freeze of client funds.
The Reserve Bank of New Zealand has revealed that the National Australia Bank's New Zealand unit has failed to report nearly 50,000 transactions, as set by AML and counter-terrorism laws.
The Bank of Japan has announced that it expects inflation in Japan to eventually slightly top the 2.00% mark.
The CEO of Boeing has revealed to Aviation Week that due to issues with regulation the company might cancel the 737 MAX 10 airplane.
The Irish data privacy authorities have commented that they have moved closer to legislation, which would ban Meta from transferring Facebook data between EU-US servers.
Twitter has announced that the company has been removing 1 million spam accounts per day, as it battles automated bots.
An EU court adviser has revealed that Airbnb would be obliged to provide tax authorities with contract information.
The Head of Responsible Investing of HSBC Asset Management Stuart Kirk has left the bank in the aftermath of controversy about his comments that global authorities had exaggerated financial risks of climate change.
The Wall Street Journal has revealed that Merck is in talks with Seagen about a $40 billion acquisition of the company.
The Russel survey has revealed that bond investors expect inflation in the United States to remain high for a longer time period than previously expected.
At 12:30 GMT, the global markets reacted to the better than forecast US employment data with a major surge of the US Dollar. Subsequently assets that are traded against it plummeted.
A Reuters poll revealed this week that the surge of the value of the Canadian Dollar is expected to decrease, as the global economic slowdown would decrease the demand for commodities.
On Thursday, Lufthansa staff called for an end to cost-cutting at the company, as it would increase the chaos at airports.
In the second quarter of 2020, Samsung profits hit a high not seen since 2018, as chips boosted sales.
This week, as the Euro reached a two-decade-low level, the currency increased its volatility to levels not observed since March of 2020.
Reuters has revealed that the European Union intends to become the top investor in the world's tallest hydro dam in Tajikistan.
CPCA has announced that in accordance with its estimates Tesla produced 78,000 vehicles in China in June, which, compared to May, is an increase of 142%.
This week, Frankfurt Airport operator Fraport revealed that the firm expects staff shortages to continue to disrupt operations during the upcoming months.