The US economy expanded 2.1% in the second quarter of 2019 after a 3.1% expansion in the first quarter of the same year, the US Department of Commerce data shows.
Apple plans to purchase Intel Corporation's smartphone modem unit for $1B to facilitate production of its own 5G modem for next generation smartphones, the company reports.
Amazon's sales increased 20% to $63.4B in the second quarter of 2019, compared to $52.9B the same period the previous year, the Chief Financial Officer Brian Olsavsky says.
John Glen, the UK Economic Secretary to the Treasury, has retained his position after the new British Prime Minister Boris Johnson reshuffled ministerial roles.
The US Commerce Department announced on Friday that the US GDP product increased at 2.9% in 2018, which missed the Trump administration's 3% target.
According to a source with knowledge of the matter, Italy has hired Deloitte consulting firm as its financial adviser to create five hundred-million-euro real estate fund, which will be called Dante.
On Friday, the British Prime Minister Boris Johnson told Germany's Chancellor Angela Merkel that the European Union must abandon the Irish backstop if it wants Brexit deal.
John Glen, the UK Economic Secretary to the Treasury, has retained his position after the new British Prime Minister Boris Johnson reshuffled ministerial roles.
Twitter Inc shares edged higher by 10% on Friday, after the company announced a better than forecast Q2 earnings.
France's Societe Generale has agreed to sell its trailer and truck rental firm PEMA to the infrastructure investment group I Squared Capital's division, as SocGen is moving towards its restructuring plan, which is aimed at selling the non-core assets.
On Friday, Twitter In posted better than forecast second quarter earnings. The event caused a surge of five percent.
On Friday, Huawei Technologies has launched the first 5G smartphone in China, adding it would soon roll out smart TVs that are equipped with Huawei's Hongmeng operating system.
Contemporary Amperex Technology, the Chinese electric car battery maker, stated it would launch the battery storage business in Japan starting from 2020 under its alliance with the solar power firm Next Energy, as the company seeks to expand its footprint across the world.
The US economic growth likely expanded at the slowest pace in over two years in the Q2 as a speed-up in consumer spending had been potentially offset by weak business investment and exports.
Alibaba Group Holding's semiconductor division has launched the first core processor IP, as the Chinese e-commerce and tech giant continues its expansion into advanced technologies.
Renault has reduced its revenue goal as te carmaker's profit for the year's first half was hit by declining demand in the car industry and the collapse of earnings at the alliance partner Nissan Motor on the back of the Carlos Ghosn row.
The UK sporting goods retailer Sports Direct stated it was still finalising the already delayed results for the full year, expecting to release the report later on Friday.
Brazil's Petrobras has received $112M this week through the recovered assets and leniency deals from the parties involved in Brazilian expanding corruption probe into Car Wash, the oil giant reported.
Berkshire Hathaway has increased its stake in the Bank of America on Thursday, raising its number of shares owned in the company from 950M as of July 17, according to a regulatory filing.
The California Superior Court ruled on Thursday that Bayer AG had to pay $86.7M in damages to a plaintiff for a cancer causing weed killer Roundup.
Apple took the main step towards supplying its own smartphone chips by buying the majority of Intel's modem business in a $1B deal, the companies announced.
Boeing reported the biggest-ever quarterly loss, tumbled by the spiralling costs spent on resolving the 737 MAX jet issues, and warning the planemaker may have to halt the production of it completely, in case it faces new hurdles with regulators.
Dalian Wanda Group conglomerate's unit Wanda Sports Group has reduced the size of the US IPO to about $380M from its initial size of around $500M, lowering the price range to $9-$11 per ADS in comparison with the $12-$15 range that was stated previously.
On Thursday, the world's largest conventional gas producer Gazprom stated it received bids worth $3.15B to sell 3% of the company's own shares, which it was selling in the market.