PVH Corp, the owner of Calvin Klein and Tommy Hilfiger brands, is planning 450 layoffs in North America, while also intends to close 162 retail stores of the giant's business, which houses such brands as IZOD and Van Heusen.
On Wednesday, Nissan Motor has released its new Ariya electric sports-utility vehicle, the first brand-new global model in the last five years, fostering hope it would help the company to recover after over a year-long decline into the earnings losses.
The New York Times is planning to move part of the Hong Kong office to South Korea's Seoul, two weeks after Beijing imposed its new national security legislation.
Hyundai Motor shares surged almost 8% on Wednesday, following South Korea's announcement of a new "green deal" that would accelerate the use of the environmentally-friendly vehicles.
Delta Air Lines is expecting its Q3 flight capacity and revenue to be about 20%-25% of the last summer, as demand stalling due to a resurge in the number of coronavirus cases.
Donald Trump claimed he had no interest in talks over the Phase 2 deal with China, CBS News reported, citing the US President.
Spotify Technology has expanded to Russia and 12 other countries by launching music streaming service in these regions, following the company's expansion strategy after entering India last year.
Wells Fargo swung to its Q2 loss amid the coronavirus crisis that affected the lender's progress in recovering following a couple of misselling scandals, compelling it to spend billions of dollars in order to cover the bank's potential loan losses.
The British Prime Minister Boris Johnson announced that China's Huawei equipment would be removed completely from the country's 5G network by 2027-end.
Google was hit by a record fine of €600K from the Belgian data protection authority, as the tech giant did not comply with the EU rules on a right of a person "to be forgotten" online.
UK carrier Virgin Atlantic plans to secure a $1.5B rescue deal, removing the administration medium-term chance due to the coronavirus crisis, Sky News reported.
India's Flipkart is set to raise $1.2B in the Walmart-led funding, as the e-commerce firm seeks to outrun Amazon.com in the competitive coronavirus-hit market.
The Chinese joint venture between Volkswagen and SAIC Motor is planning to invest $590M to revive their Shanghai-based car plants to build new Audi sedans, Reuters reported on Tuesday.
Due to the coronavirus-caused turbulences and the jet's grounding problems, the US planemaker's clients withdrew 355 orders of the Boeing 737 MAX planes in H1 2020.
The German court agreed with the industry-sponsored Wettbewerbszentrale and banned the US electric carmaker's autopilot ads due to misleading advertising.
On Tuesday, the prices of Brent and WTI futures deteriorated on fears of possible spurn of demand caused by the increase in COVID-19 cases in the US and Asia.
On Tuesday, global stocks tumbled, oil dropped, while a safety bid backed the dollar on escalating tensions between China and the United States as well as new coronavirus restrictions introduced in California.
JPMorgan Chase & Co has topped Wall Street's expectations for its Q2 profit with a 77% surge on rising trading revenue, the biggest US lender announced on Tuesday.
Alphabet's Google has entered talks to acquire a stake for $4.0B in Reliance Industries' digital arm, according to a Bloomberg report published on Tuesday.
John Browne, the ex-BP chief, is set to step down as the Huawei UK chairman ahead of Britain's government ban of the Chinese tech giant from the British 5G networks.
China reported its first import growth in June since the coronavirus pandemic had hit the economy, adding that exports also surged on medical goods, showing signs of steady recovery.
On Tuesday, Hyundai Motor Group's head Euisun Chung announced that Hyundai Motor together with its sister firm Kia Motors seeks to sell 1M electric vehicles in 2025, targeting more than 10% of the EVs global market share.
On Tuesday, Nokia, the Finnish telecom equipment developer, has rolled out a new software that enables a 5G upgrade to mobile operators without replacing equipment or visiting the site.
On Tuesday, Australia's second-largest bank Westpac Banking has appointed Michael Rowland, the KPMG partner, as the new chief financial officer, Reuters reported.