The American-French-Italian car producer Stellantis has revealed that it would expand its hybrid line up in Europe to 36 models by the year of 2026.
The US airline Boeing has started talks with the US Defense Department in regards to the potential impact of the firm pleading guilty in the recent public trial.
The German car maker Porsche has announced this week that the firm has delivered less cars in 2023. The decline has occurred due to a 33% annual drop of sales in China.
The electric vehicle maker Lucid has announced that it has passed quarterly delivery expectations. The gains in the numbers have been attributed to reduced prices.
Pharmacy firm Eli Lilly has revealed plans to buy the bowel disease drug producer Morphic for a total of $3.2 billion.
The Bank of Japan has revealed that it is observing that wage increases have been spreading to smaller firms due to tight labour market. The central bank expects the tight condition to result in lower inflation.
The energy company ExxonMobil has announced that it expects to gain high second quarter revenues due to higher oil prices.
Chinese industry officials have revealed that European Union tariffs on Chinese electric vehicle exports have decreased export growth from 20% up to 30%. Namely, export growth increase has decreased from 30-40% down to 10%.
The energy giant Shell has announced that it is set to take up impairment charges of up to $2 billion due to sale and shut down of plants.
In May, the household spending in Japan has unexpectedly declined by 1.8% instead of the forecast growth of 0.1%. The new data is set to impact Bank of Japan's upcoming rate decision.
Government of Canada has announced that it would allow Glencore to take over the coal unit of Teck Resources, if the firm agrees to preserve jobs.
New York Times has reported that OpenAI experienced a breech on its internal messaging systems, which resulted in theft of details about the firm's AI design.
The Australian federal court has revealed that PayPal has used unfair terms in standard contracts with small businesses.
At the World AI Conference in China, various firms have shown off technology that the country has managed to circumvent US sanctions on AI tech.
The world's largest electronics producer Foxconn has reported higher than forecast second quarter revenues. Moreover, the firm expects to continue to grow.
The price for Bitcoin has experienced one of the worst weeks in a year due to suspected dumping from the Japanese Exchange Mt. Gox and leveraged market participants.
The Wall Street Journal has reported that Brigade Capital Management and Arkhouse Management have increased their bid for Macy's by nearly 6.9$ billion.
In June the sales of Volvo cars increased due to a boost from new electric model sales. The new EX30 SUV has caused an 8% increase in sales.
Telecoms firm Ericsson has received another one billion dollar charge for the acquisition of Vonage in 2021. The news of more costs caused a decline of the firm's stock price.
The CEO of the German airline Lufthansa has revealed that the company would consider increased the firms stake in ITA Airways to 90%.
In June, foreign investors have been investing in the Chinese markets. The flow of funds has been attributed to expectations of a US Federal Reserve rate cut, which would make US investments less profitable.
An estimate of 27 analysts from LSEG SmartEstimate has been published and revealed that the profit of Samsung Electronics is set to have increased 13-fold to $6.35 billion. The surge has been attributed to the AI frenzy.
Nikkei has reported that Nissan and Honda are set to work together on EV charging infrastructure and software.
Reuters has published the opinion of a think tank that Japan could experience a shortage of workers of at least one million by 2040.