China's Commerce Minister, Wang Wentao, commenced his European tour with a major meeting involving leading Chinese electric vehicle (EV) manufacturers BYD and CATL.
The assembly, held in Paris, marked the initiation of discussions ahead of the ongoing European Commission inquiry probing potential unfair advantages stemming from subsidies within China's EV industry.
Samsung Electronics anticipates a remarkable surge in its first-quarter operating profit.
According to Reuters, the company’s profit is expected to increase more than tenfold, surpassing market predictions.
Boeing's 737 MAX jetliner production has experienced a decline recently, attributed to increased scrutiny from US regulators and efforts to address outstanding issues in assembly, according to industry insiders.
China's services sector experienced an uptick in growth in March, with new business expanding at the fastest rate in three months, as indicated by a private-sector survey.
According to a Reuters report, this development is indicative of a potential recovery in sentiment within the world's second-largest economy.
In response to a sector-wide downturn, global management consulting firm McKinsey has implemented a strategy to reduce its headcount, as per a recent report.
The company is offering financial incentives to hundreds of senior employees who opt to step down from their roles and pursue alternative job opportunities.
Within the UK arm of the business, McKinsey managers are being presented with an offbeat opportunity to spend up to nine months to a focused "job search" period.
China's tech giant Xiaomi has announced the commencement of deliveries for its first electric vehicle (EV) model, SU7, this month, marking its foray into the competitive automotive landscape, Reuters reported.
Xiaomi, the country's fifth-largest smartphone maker, shared the news via Weibo, revealing that orders can be placed at its 59 stores in 29 cities nationwide.
During an official visit to Manila on Monday, US Commerce Secretary Gina Raimondo revealed that American companies are poised to unveil investments totaling more than $1 billion in the Philippines.
This announcement marks a significant milestone as Raimondo leads a two-day trade and investment mission, the first of its kind for the Philippines.
Executives from 22 well-known organisations, including Microsoft, KKR Asia Pacific, Visa, United Airlines, and Google, are part of the group.
India has sealed a significant trade and economic partnership with the European Free Trade Association (EFTA), comprising Switzerland, Norway, Liechtenstein, and Iceland.
This landmark agreement, signed on Sunday, involves a binding commitment of $100 billion in investments over the next 15 years.
Turkey celebrated a significant milestone as Fitch upgrades its credit rating, lauding the country's shift towards orthodox economic policies on Saturday. Fitch's decision to elevate Turkey's credit rating to B+ from B, with a positive outlook, reflects growing confidence in the effectiveness of the government's economic reforms initiated since June 2023.
Shell's American solar subsidiary, Savion, has initiated the sale of approximately 25 per cent of its solar assets, according to industry sources and a marketing document obtained by Reuters.
The move signifies Shell's continued divestment from renewable energy projects as part of CEO Wael Sawan's realignment.