Walt Disney announced its plans to lay off 32K workers, mostly at the theme parks, a surge from the 28K it unveiled in September, amid lower demand during the coronavirus pandemic.
The UK car production declined 18.2% year-oon-year in October as the COVID-19 pandemic and lockdown measures kept hitting demand.
Japan's export credit agency agreed to provide Nissan Motor up to $2B within a credit agreement to help it finance vehicle sales in the US.
JD Health International, China's online healthcare platform, was seeking to raise up to $3.5B in what is likely to be Hong Kong's biggest IPO of the year.
German media group Bertelsmann agreed to buy publisher Simon & Schuster for $2.175B from ViacomCBS, building up its presence in the US.
Tesla is set to start manufacturing EV chargers in China next year, a document submitted to the Shanghai authorities revealed.
IKEA's Ingka Investments was in negotiations to buy retail property in city-centre locations in several big European cities after it completed its first-ever such deal.
Cloud-based software firm Salesforce.com Inc approached workplace messaging application Slack Technologies with an acquiring offer, Reuters reported.
Business sentiment in Latin America improved in the fourth quarter of 2020, data published by the Brazilian economic think tank Getulio Vargas Foundation show.
Exports from South Korea increased for the second consecutive month in October, a statement published by the Bank of Korea shows.
Business confidence in South Africa improved to the highest level in two years in Q4, data published by the Bureau of Economic Research at Rand Merchant Bank show.
Renault is planning to discontinue operations at its car assembly at the Flins plant outside Paris, turning it into a recycling, research and repair centre by 2024.
On Wednesday, Tesla has issued two recalls that cover around 9,500 cars over a roof trim that poses threat to separate, as well as bolts that could be improperly tightened.
The US biggest home improvement retailer Home Depot has reached a $17.5M settlement over the investigation into the 2014 data breach that his around 40M of its customers.
Ford Motor made an order for 12 ultra-cold freezers for safe storage of Pfizer's COVID-19 vaccine and its distribution to employees, the carmaker said in its latest announcement.
During Wednesday's European trading hours, stock indices fluctuated near nine month high levels, as coronavirus vaccine expectations were outweighed by rising infection cases.
Twitter announced it was planning to relaunch the verification programme, including the public application process, as early as 2021 amid newly-introduced policy by the company.
Clariant AG is planning to slash around 1K job positions over two years amid divestments, according to the Swiss speciality chemicals firm's statement made on Wednesday.
Gap missed Wall Street's forecasts for its quarterly profit due to a shift to online sales during the pandemic that fuelled a surge in the shipping and marketing costs, sending the retailer's shares down around 11%.
The International Air Transport Association released its financial forecast for the global airline industry on Tuesday, showing that airlines are expected to lose $157 billion in 2020.
Tehran expects foreign firms to return if Washington eased sanctions, Iran's government spokesperson Ali Rabiei stated on Tuesday.
Tesla Inc market value crossed $500 billion, as shares of the electric-car maker have surged nearly 28% this year.
Ireland has extended the €2 billion COVID-19 credit guarantee scheme for SMEs until the end of June, the Irish Business Minister Leo Varadkar said in a statement on Tuesday.
On Tuesday, the Dow Jones Industrial Average index passed the 30,000 level. This event could attract additional retail sector investors.