On Thursday, Nissan Motor has revealed its plans to become smaller and more cost-efficient car maker, as the company tries to recover from four-year-long plunging profits that resulted in Nissan's first annual loss in more than a decade.
Boeing is slashing over 12K US job positions, including 6,770 involuntary lay-offs due to major restructuring at the biggest American planemaker triggered by the coronavirus pandemic.
Micron Technology has raised its Q3 revenue outlook on Wednesday to the range of $5.2B to $5.4B from the initial $4.6B to $5.B, sending its shares up about 3%.
American Airlines Group is set to cut its support and management staff by nearly 30% and considers to slash frontline employees due to downsizing caused by the coronavirus outbreak.
IWG Plc is set to to raise about £315M through issues of new shares, the UK office space provider stated, aiming to benefit from demand for flexible workspace in the future.
Capricorn Investment Group took a stake of 13.06% in Osmosis Investment Management, the UK-based sustainable investing firm, for an undisclosed sum.
FedEx, the US logistics company, is set to stake in Germany's parcel delivery company Hermes, the Handelsblatt reported.
Chevron is expected to cut 10% to 15% of its workforce within ongoing restructuring at the US oil producer.
The French President Emmanuel Macron announced a €8B bailout package to help the domestic auto sector recover amid the coronavirus outbreak.
The total assets of banks operating in Vietnam declined 0.72% to $542.6B in the first quarter of 2020, compared to the last quarter of 2019, official data show.
The Chinese online platform Bilibili reported a 69% revenue increase to $326.4M in the first three months of 2020, compared to the same period a year earlier, data published by the company show.
The German economy is expected to contract 10% in the second quarter of the current year amid the coronavirus outbreak, the German Institute for Economic Research reports.
The Supervisory Board of Lufthansa is unable to approve a €9B rescue package offered by the German government's Economic Stabilization Fund over the conditions of the offer, a statement published by the company shows.
Tesla Inc has slashed the electric vehicle prices by 6% in North America, as the electric car maker aims to boost the falling decline in demand during lockdown that has now begun to ease.
Amazon.com Inc is considering to acquire Zoox, the self-driving start-up, as the e-commerce giant is looking at expansion in the autonomous-vehicle technology, according to the Wall Street Journal.
The SoftBank Group-backed Indian unit Ola is set to acquire the Dutch electric scooter firm Etergo, as the ride-hailing company seeks to locally build EVs, Ola announced on Wednesday.
Hyundai Motor Group have chosen LG Chem as its new battery supplier for the upcoming electric cars, as the company aims to roll out 16 new EV models by 2025 and boost electric car sales to 560,000 by then.
Macy's Inc announced its plans to attract $1.1B in bond offering, as the department store chain is seeking to repay funds it borrowed under revolving credit facility.
Apple is set to reopen around 100 stores in the United States, some with the walk-in service but mostly with the curbside pickup, the tech giant announced.
Boeing planning significant job cuts in the United States this week after the company revealed it was set to reduce its global workforce of 160K employees by 10%, according to Reuters.
Google is planning to reopen its offices in more cities, seeking to scale up their capacity to 30% by September, in case the coronavirus-related conditions permit.
On Wednesday, Tesla Inc stated it would cut prices of the electric cars in North America and China after the coronavirus lockdowns affected demand for the carmaker's vehicles.
According to sources with knowledge of the matter, the Japanese company Nissan and the French carmaker Renault have suspended full-blown merger plans.
On Tuesday, the US National Railroad Passenger Corporation Amtrak told the US Congress that it needs extra $1.475B bailout.