BUSINESS

Volkswagen And Rivian Launch Joint Venture Valued At $5.8 Billion

Volkswagen is planning an unprecedented restructuring that could include thousands of job cuts
With this venture, the two companies plan to bring "best-in-class software technology" and "next-generation electrical architecture" for future electric vehicles of the companies. The deal will cover various kinds of vehicles, which would also include subcompact cars.
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Traders are awaiting the release of US inflation data, which could play a role in the Federal Reserve's thinking ahead of next month's monetary policy meeting

Asian Markets Extend Losses As Trump Fears Build

Asian markets fell again Wednesday as traders fret over the impact of Donald Trump's presidency on the Chinese and global economies, with fears that his policies could also reignite US inflation.
The US Federal Aviation Administration's move came after a Spirit Airlines jetliner arriving from Florida in Port-au-Prince was hit by gunfire

US Bans Flights To Haiti As Gang Violence Rages

The United States on Tuesday banned all civilian flights to Haiti for a month, a day after a jetliner was shot at on approach to the capital and as a new prime minister took the reins of a nation ravaged by poverty and gang violence.
Free users of Facebook and Instagram in the EU will soon get an option for less targeted ads

Free Facebook In EU With Less Targeted Ads

Under pressure by EU regulators, Meta said Tuesday it was offering non-paying users of its Facebook and Instagram services in the bloc the ability to do so with less targeted ads, as well as cutting its subscription rates.
Bayer's profits plunged after the group reported a big loss

Bayer Shares Hit 20-yr Low As Problems Pile Up

Bayer's shares plunged to a 20-year low Tuesday after the German chemicals giant cut its earnings outlook and posted a worse-than-expected loss on woes related to its troubled agrochemicals division.
The Endeavor Group Holdings Inc. (EDR) logo hangs from the New York Stock Exchange on the morning of its public listing at the NYSE in New York City

Endeavor Announces Deal To Sell OpenBet, IMG Arena For $450M To OB Global

The company called the transaction a crucial step toward the completion of the proposed Endeavor take-private by Silver Lake. It is subject to standard closing conditions, including the necessary approvals from relevant gaming regulatory authorities, and is expected to close just prior to the finalization of the take-private deal.
Asian traders are bracing for the next presidency of Donald Trump after he warned of another round of painful tariffs against China during his campaign

Asian Markets Stutter With Focus On China As Trump Picks Team

Traders struggled Tuesday to bounce back from the previous day's losses in most markets sparked by disappointment over China's economic support measures, while keeping tabs on the United States as president-elect Donald Trump builds his cabinet.
Australia is close to inking a deal that will keep ANZ Bank open in several important Pacific nations

Australia Moves To Keep Its Banks In The Pacific

Australia will move to stem the exodus of its banks from the Pacific Islands, the country's top economic official said, as concerns mount that China could bolster its influence by filling in the gaps.
Jose Duarte Camacho

Jose Duarte Camacho: Why Business Agility Is Crucial for Thriving in Dynamic Markets

Business agility is more than just a buzzword; it's a strategic way to allow organizations to respond at speed, drive innovation, and continuously deliver value to the customer. More specifically, at a time when industries are changing at a pace never seen before, the unquestionable ability to change course and seize new opportunities becomes an ingredient of success.

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