Nokia plans to cut 10,000 employees within the next two years to decrease costs and spend more on research, the Finnish telecoms group reports.
Volkswagen, the world's second largest car manufacturer, is worth €200B, the Chief Executive Officer Herbert Diess says.
US business inventories increased 0.3% in January after rising 0.8% in December, a report published by the Commerce Department shows.
US retail sales declined 3% to $561.7B in February, compared to the previous month, data published by the US Commerce Department show.
The Southeast Asia M&A chief of JPMorgan Chase & Co, Ee Ching Tay, stepped down from his role at the lender to head Barclays' Southeast Asian investment banking, according to Reuters.
On Tuesday, Ford Motor said its Turkish joint venture is set to start building its Transit van's next version for the EU market in 2023, including hybrid and fully electric variants.
Apple's major supplier Foxconn considers making electric vehicles at the Wisconsin high-profile plant in the US, though also thinks over Mexico, the Taiwanese company's chairman said on Tuesday.
China's ByteDance is planning semiconductors chips development, as China seeks self-reliance by reducing dependence on foreign producers such as Nvidia Corp or Qualcomm Inc.
During Tuesday's European trading hours, crude oil price benchmarks declined. The decline was attributed to rising global stockpiles of oil.
Volkswagen said on Tuesday it is planning cost cuts to raise its profit margins within the coming years, after the carmaker outlined an ambitious EV expansion.
On Tuesday, the Finnish telecoms company Nokia announced its plan to slash up to 10K jobs within the following two years to cut costs and make more investment in research capabilities amid its restructuring plan.
Global investors valued China's Ant Group at more than $200B based on the fintech company's 2020 performance, giving a more sober assessment after its IPO shelving and forced restructuring.
Volkswagen revealed its plans to build six battery cell factories in Europe and expand the EV charging infrastructure globally, as the carmaker seeks to overtake its rival Tesla.
On Monday, Nokia announced that it had partnered with Amazon, Google and Microsoft in the creation of new 5G radio solutions.
Crude oil price benchmarks declined during Monday' trading hours, as a pull-back from previous high levels was taking place.
During Monday's US trading hours, the US Dollar index booked a third session of gains against its peer currencies and other assets.
On Monday, the Dow Jones US market index hit a new all-time high level, as the markets expected news from the Fed during this week.
Home sales and prices in Canada increased in February as the housing market recovers from the COVID-19 pandemic, data published by the Canadian Real Estate Association show.
Brazil expects a 4.6% inflation in 2021, significantly above the previous target of 3.75%, a survey of economists published by the central bank shows.
Canadian housing starts declined 13.5% in February, compared to the previous month, data published by the Canadian Mortgage and Housing Corporation show.
The Swedish battery maker Northvolt won a $14B order from Germany's Volkswagen as the company aims to have 25% of the European market share by 2030, a report shows.
Volkswagen plans to build its own gigafactories in Europe and expand electric vehicle infrastructure globally in an effort to speed up adoption of battery powered vehicles, the company reports.
Roche, the Swiss pharmaceuticals manufacturer, announced a $1.8M cash purchase of GenMark Diagnostics, a statement publsihed by the company shows.
On Monday, Southwest Airlines and JetBlue Airways reported that leisure travel had been increasing together with the start of global coronavirus vaccinations.