Due to legal errors made by a European Union tribunal, advisers to the European top court have suggested the reopening of a 13 billion Euro tax case against Apple.
Due to the release of the new Xiaomi phone model, the company has reached a new sales record. The sales of Mi14 series have exceeded one million smartphones sold.
Reuters poll results have revealed that most likely inflation had declined in India to a four month low level of 4.80.
United States average 30-year mortgage rate has declined by a quarter of percentage point down to 7.61%. The rate has experienced the largest weekly drop since July of 2022.
Ahead of taking over the G20 presidency, Brazil has prepared to implement a global 15% tax on multinational company profits.
After stagnating in September, Chinese October Consumer Price Index has returned into the negative zone. In October, consumer prices declined 0.2% on a year on year basis and, compared monthly, a 0.1% decline has occurred.
Chinese media has reported that NVidia intends to release three new chips that are designed for the Chinese market in an effort to avoid US high-end chip sales ban.
Due to a 37% decline in profits at the chips division, Sony has reported lower than expected quarterly profits. Quarterly operating profits have decline by 29%.
The new CEO of Bayer Bill Anderson has been considering separating the firm's consumer health business from the agriculture unit to revive the company's share price.
Reuters has revealed that Amazon has dedicated a new team to train a new AI model that has been codenamed Olympus.
In the aftermath of the tax document leak scandal, Pricewaterhouse Coopers Australia has announced that it would fire hundreds of employees, as major clients have cut ties with the firm.
Reuters has reported that Chinese buyers have made their largest one-day purchase of US soybeans. Chinese firms have been buying up food on the global market due to various production issues.
CNBC has reported that Citigroup has been considering cutting at least 10% of jobs in various major businesses of the group.
Large tech companies are set to face new political ad rules that would force companies to reveal which elections are targeted and who paid for the advertisement.
The International Monetary Fund has increased its GDP growth forecasts for China in 2023 and 2024. 2023 expectations have been increased from 5.00% up to 5.40%. 2024 forecast is increased to 4.6% from 4.2%.
Reuters has reported that Intel has shelved its plans to expand its operations in Vietnam. The previously intended expansion would had doubled the company's operations in the country.
Italian courts have ordered the seizure of nearly 780 million EUR of Airbnb Irish headquarters funds for alleged tax evasion.
The European Central Bank has announced that the euro zone is unlikely going to experience a consumption boon, as most savings have been accumulated by the rich households.
The Toyota Motor Corporation has announced the recall of 1.85 million RAV4 SUVs due to potential fire risks that have occurred due to the installation of new batteries.
The US airline Delta Air Lines has started to fire its corporate level employees in an effort to cut costs.
Reuters has reported that their sources indicate that the Bank of Japan would exit its ultra-easy monetary policy during 2024.
Shell has reported a decline of quarterly profits of 34%, compared to third quarter of 2022. The total profit of the company is $6.2 billion. In addition, the company has revealed share buybacks that would amount to $3.5 billion over the next three months.
The business focused social platform LinkedIn has announced that it has more than 1 billion members. Moreover, the company revealed that it would add some AI features for premium users.
The stock price of PayPal is set to start the day's trading with a gap up of 6.88% or $3.55. The move has been caused by the quarterly earnings release.