Key Points Volkswagen and Xpeng announced on Monday that they are expanding their collaboration in electric vehicle charging infrastructure in China, which has raised the
Key Points Latin America’s borrowing spree in global markets, which reached its highest pace in three years with $127 billion in issuance last year, is
Key Points The reserves in the US banking system have dropped below $3 trillion for the first time since October 2020, marking a significant shift
Key Points Norwegian energy company Equinor has announced that it is securing over $3 billion in financing for its Empire Wind 1 offshore wind power
Key Points The H-1B visa program, a cornerstone of America’s tech industry, remains contentious, underscoring the nation’s dependence on foreign talent. Created in 1990, the
Key Points The U.S. Justice Department, in collaboration with the Federal Trade Commission (FTC), has launched a civil enforcement action against financial technology company Dave
Key Points Canadians are increasingly pessimistic about their economic outlook. Threats of US tariffs under Donald Trump’s administration create uncertainty for Canada, one of America’s
Key Points China announced plans to reduce import tariffs on various goods, including ethane and certain recycled copper and aluminum raw materials, starting January 1,
Key Points Private equity firms KKR and Bain Capital have each placed first-round bids exceeding $5 billion for the non-core assets of Japan’s Seven &
Key Points Relief spread through Washington, D.C., as Congress passed a short-term spending bill on December 21, averting a government shutdown. However, the contentious budget
Key Points Honda and Nissan have announced plans to merge by 2026 in a landmark move for Japan’s automotive industry. The move responds to the
Key Points Indonesia has declared a significant win after persuading Apple Inc. to boost its investment in the country to $1 billion to lift a
Key Points According to the Commerce Department, consumer spending in the United States increased by 0.4% in November, reflecting strong demand for various goods and
Key Points Accenture surpassed Wall Street expectations for its first-quarter revenue, reporting $17.7 billion, exceeding analysts’ forecast of $17.12 billion. The company’s performance reflects the
Key Points Bitcoin’s soaring value has drawn high-end fashion brands and retailers into cryptocurrency payments, aiming to tap into newfound wealth and foster loyalty among
Key Points On Tuesday, the U.S. Commerce Department announced that it had finalized $406 million in government grants to Taiwan-based GlobalWafers to significantly expand silicon
Key Points SoftBank Group CEO Masayoshi Son is set to unveil a $100 billion investment plan for the United States over the next four years
Key Points UniCredit has filed its binding €10 billion ($10.5 billion) all-share buyout offer for Banco BPM with Italy’s market regulator. CEO Andrea Orcel affirmed
Key Points Toyota has unveiled plans to construct a state-of-the-art paint facility at its Georgetown, Kentucky, manufacturing complex as part of a $922 million investment.
Key Points The Federal Reserve appears on track to implement another interest rate cut next week following an inflation reading that aligned with Wall Street
Key Points The U.S. Department of Commerce has finalized a historic $6.1 billion subsidy for Micron Technology, marking one of the largest awards granted under
Key Points Omnicom Group has announced a $13.25 billion all-stock acquisition of rival Interpublic Group, aiming to create the world’s largest advertising agency amidst rising
Key Points According to analysts and business leaders, the industrial sector is cautiously optimistic heading into 2025, following an extended period of contraction. Joe Ritchie,
Key Points China’s recent restrictions on the export of strategic minerals, including antimony, are causing significant disruptions for Western companies. German chemical and consumer goods
Key Points French President Emmanuel Macron strongly opposes the proposed EU trade agreement with the Mercosur countries—Argentina, Brazil, Uruguay, and Paraguay. On social media platform
Key Points General Motors (GM) announced it expects over $5 billion in noncash charges and write-downs related to restructuring its joint venture operations in China
Key Points Global debt surged by over $12 trillion in the first three quarters of 2024, reaching a record high of nearly $323 trillion, driven
Key Points The U.S. Department of Energy (DOE) announced plans to loan up to $7.54 billion to StarPlus Energy, a joint venture between Stellantis and
Key Points Black Friday 2024 saw a notable shift in consumer behavior as online sales surged, contrasting with muted growth at physical retail stores. According
Key Points China announced on Friday that it will continue to exempt certain goods imported from the United States from additional tariffs until February 28,
Key Points France’s inflation rate rose to 1.7% in November 2024, marking a slight acceleration from previous months but falling short of analysts’ expectations, according
Key Points According to the National Retail Federation (NRF), Americans are forecasted to spend at record levels this holiday season, averaging nearly $1,000 per person
Key Points Pony AI, a leading Chinese robotaxi startup, announced on Wednesday that it raised $260 million in its U.S. initial public offering (IPO), valuing
Key Points The Bank of Canada (BoC) and Mexican President Claudia Sheinbaum have expressed concerns over U.S. President-elect Donald Trump’s proposed 25% tariff on imports
Key Points Anglo American Plc has agreed to sell its steelmaking coal operations to Peabody Energy Corp. in a deal valued at up to $3.78
Key Points Independent experts assessing the financial health of ThyssenKrupp’s steel division have expressed optimism about its ability to remain operational. According to a report
