Fiat Chrysler (FCA) and PSA said on Friday they were sticking to the merger plan signed last year after a newspaper said the carmakers were looking at spinning off assets to cut a planned 5.5 billion euro (US$6.2 billion) cash payout to FCA shareholders.
British aerospace engineer Rolls-Royce said on Friday it was reviewing a range of options to strengthen its balance sheet and position itself for recovery after the COVID-19 pandemic.
World shares inched towards a four-month high on Friday and industrial bellwether metal copper was set for its longest weekly winning streak in nearly three years, as recovering global data kept nagging coronavirus nerves at bay.
A Democratic U.S. senator says he has written to Attorney General William Barr outlining his concerns about potential "political interference" by the Trump administration in an investigation of a private espionage firm that targeted environmental groups in the United States.
German carmaker Audi and utility EnBW are setting up an electric car battery operation at EnBW's Heilbronn plant to build scaleable storage facilities by the end of this year, drawing on retired batteries to help power grids.
Daimler's Mercedes-Benz is seeking to streamline global production, the German carmaker said on Friday, resulting in a restructuring charge of hundreds of millions of euros in the second quarter.
Singapore authorities said they launched an investigation into Citadelle Corporate Services, Senjo Group and its subsidiaries after scrutinising collapsed German payments firm Wirecard's local operations.
The European Commission said on Friday it had given conditional approval for the use of COVID-19 antiviral remdesivir following an accelerated review process.
LONDON: Britain has joined forces with India's Bharti Global to buy the collapsed satellite operator OneWeb, with the two sides pledging US$1 billion between them to develop a fleet of low earth orbit satellites to boost broadband and other services. Under the deal announced on Friday, Britain ...
REUTERS: On a holiday weekend that would typically draw crowds to watch fireworks, march in parades and wave the red, white and blue, many Americans kicked off Independence Day exactly where they have been for months: at home. The holiday marking the country's 244 years of independence comes four...
