The President of the Atlanta Federal Reserve Raphael Bostic stated on Monday that a US economic recovery won't fully start until coronavirus vaccines are widely distributed.
On Monday, Ford announced that the company would close down its manufacturing in Brazil and take $4.1 billion in pre-tax charges.
During Monday's US trading hours, US stock indices retreated from previously reached high levels, as a consolidation of gains took place.
Chipotle Mexican Grill plans to hire 15,000 employees in the US as the burrito chain benefits from the increased demand amid the ongoing COVID-19 pandemic.
Staples, an American office retail company, made an offer to purchase Office Depot owner ODP Corp for $2.1B, a statement published by the company shows.
The British airline EasyJet secured a $1.87B loan, partially backed by the British government, improving its liquidity as the pandemic continues to weight on travel.
Virgin Atlantic is close to raise over $230M from a sale of two planes, enabling the company to repay a loan taken the last year as part of a rescue deal.
The number of tourists to Mongolia decreased 89.5% to 66,900 in 2020, compared to the same period the previous year, data published by the National Statistics Office show.
The Chinese automaker Chery Holdings announced 18.7% sales growth in 2020, compared to the same period the prior year, a report published by the company shows.
The UK airline EasyJet bolstered its liquidity via a new five-year $1.87B loan facility, supported by the Brtish partial guarantee, seeking to ease concerns over the airline's finances caused by the pandemic.
At the start of Monday's US trading hours, the stock price of Twitter lost additional 8.3%. The stock price has been dropping since the company banned Donald Trump's account.
Chinese regulators are set to push tech giants, such as JD.com. Tencent and Ant Group, to share consumer credit data in order to prevent fraud and excessive borrowing amid Beijing's latest scrutiny.
French drugmaker Sanofi agreed to acquire Kymab, the British immunotherapy company, in a deal worth up to $1.45B, seeking to expand in a rapid-growing medical area.
On Monday, Chinese government data revealed that smartphone shipments in 2020 had fallen by 20.4%, compared to the prior year.
Apple and Hyundai Motor are planning to ink a partnership over the autonomous electric car development by March, aiming to launch production in 2024 in the US, according to Korea IT News.
The Chinese electric carmaker Nio is considering to launch mass market vehicles under another marque, Nio's CEO announced on Monday.
KKR & Co, the US investment powerhouse, announced on Monday it had closed its first infrastructure fund in Asia Pacific at $3.9B.
Tesla is hunting for a new design chief in China, as the company seeks to launch a "full-function" studio in Beijing or Shanghai to design electric vehicles for Chinese customers.
As reported by Korea IT News on Sunday, Apple Inc and Hyundai Motor are set to sign a partnership agreement on self-driving electric vehicles production by March.
On Sunday, Gebran Bassil, the head of Lebanon's Free Patriotic Movement, said that he would not join a new government led by PM-designate Saad Hariri.
On Sunday, Hong Kong Stock Exchange filings showed that JPMorgan, Morgan Stanley and Goldman Sachs would delist about 500 Hong Kong products.
Christine Aschbacher, the Austrian Labour Minister, has resigned following allegations that she allegedly copied at least one-fifth of her university thesis from other sources.
The nationalist party politician Sadyr Japarov on Sunday won the Kyrgyzstan's presidential election.
On Sunday, the Nur Otan, which is the Kazakhstan's ruling party, won the country's lower house election by securing 72% of votes.