On Tuesday, July 19, the stock price of EDF jumped by 15.00% at the start of the day's European trading. The surge was caused by news that the French government would buy out the debt ridden company for a total of 9.7 billions Euro.
Chinese authorities have reportedly increased their efforts to encourage lenders to extend their loans to real estate firms, as a wide mortgage payment boycott has been ongoing in the country.
The United Nations have revealed information that on a global scale in June food prices had declined due to an increase in output.
The German automaker BMW car sales have declined by 13% in the first half of 2022.
A recent ECB climate stress test has revealed that a $71 billion risk to euro zone banks exists due to jump in commodity prices and ongoing global droughts and floods.
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.