Ford Motor Co announced that it will recall 3M cars for airbag inflators, which could rupture, at a $610M cost.
BMW's Finance Chief stated that the company plans to return to pre-pandemic operating margin goal, while big investments in EVs mean it will have to simplify its car portfolio.
Volkswagen faced a more than €100M fine for missing EU targets on CO2 emissions from the company's 2020 passenger vehicle fleet, the carmaker stated.
International Business Machines beat forecasts for quarterly profit, which grew 10% to a record $7.5B, thanks to strong demand for cloud business.
KLM plans to cut an additional 1,000 jobs this year after cutting 5,000 jobs the previous year, a report published by the company shows.
The economy of China is expected to expand more than 7% in 2021 after a modest growth in 2020, a report published by the Swiss bank Credit Suisse shows.
The Bank of Canada decided to keep the key interest rate unchanged at 0.25% amid uncertain economic conditions, a statement published by the bank shows.
The economy of Uruguay is expected to contract 5.5% in 2020 and to rapidly recover in 2021, a report published by the Central Bank of Uruguay shows.
The unemployment rate in Australia declined to 6.6% in December from 6.8% in November, a report published by the Australian Bureau of Statistics shows.
Foreign trade turnover of Uzbekistan declined 13.1% to $36.3B in 2020, compared to the previous year, data published by the Uzbek State Statistics Committee show.
Malaysia's e-wallet venture owned by Ant Group and CIMB Group has entered advanced negotiations with investors to attract at least $150M for funding expansion plans, Reuters reported on Thursday.
Deutsche Telekom, the German telecoms group, has tied up with Cellnex, Spain's phone mast operator, as two companies seek to combine their tower businesses in the Netherlands.
On Thursday, BlackRock announced it would add bitcoin futures as the eligible investment to two funds, amid the asset manager's intention to offer its clients the access to the cryptocurrency world.
On Thursday, global stocks racked up their record highs and the US dollar dropped, as investors got major stimulus from the new US President Joe Biden, Reuters reported.
Britain's IG announced on Thursday it was planning to acquire tastytrade, the US trading platform, in a $1.0B deal.
TIAA's asset management unit worth $1.1 trillion, Nuveen, exited Chinese companies that had been affected by the US investment ban, including such companies as Xiaomi Corp and China Telecom.
The US President Joe Biden announced the United States would return to the global Paris Agreement to battle climate change amid a review of the ex-President Donald Trump's actions.
Procter & Gamble boosted its full-year sales estimates for the second time, benefiting from higher demand for the company's cleaning products, driven by the coronavirus pandemic.
The central bank of China is planning tougher antitrust rules for the non-bank payments industry's companies, such as Tencent's WeChat Pay and Ant Group's Alipay.
Mercedes-Benz has revealed its new electric compact sports utility vehicle, the EQA, as the German carmaker seeks to take on its competitor Tesla, as well as meet emission-free targets in China and Europe.
United Airlines Holdings reported it is planning to trim about $2B of its annual costs by 2023 following the pandemic-driven fourth consecutive quarterly loss.
Morgan Stanley boosted its long and short-term operating targets, as the coronavirus-caused volatility in the financial markets resulted in the bank's quarterly profit to be above estimates.
Kinder Morgan, the pipeline operator, topped Wall Street's outlook for quarterly results, reporting its revenue surged to $3.12B, above the forecast of $3.05B.
British Airways and Iberia owner IAG agreed to purchase Spain's Air Europa for €500M, after the price was cut in half in the pandemic.