General Motors Co became the latest automaker hit by the global shortage of semiconductor chips as the U.S. automaker said on Wednesday it will take down production next week at four assembly plants.
A shortage of auto chips could impact 672,000 units of global light vehicle production in the first quarter, data firm IHS Markit said on Wednesday, warning that the disruption could extend into the third quarter.
German carmaker Daimler plans to spin-off Daimler Truck, the world's largest truck and bus maker, to allow it to focus on zero-emission vehicles and self-driving technologies.
SINGAPORE: The World Economic Forum (WEF) Special Annual Meeting that was due to take place in Singapore in May has been rescheduled to August. The meeting will convene on Aug 17 to Aug 20 instead of May 25 to May 28, as initially scheduled. "Although the World Economic Forum...
The S&P 500 and the Nasdaq climbed on Wednesday, lifted by heavyweight Alphabet Inc's shares after its strong results, while investors counted on more fiscal stimulus to ride out the economic downturn.
Ant Group Co has agreed on a restructuring plan with Chinese regulators under which the fintech giant will be turned into a financial holding company, Bloomberg News reported.
Spotify Technology SA beat Wall Street estimates for fourth-quarter revenue on Wednesday, as the music streaming company hit 155 million paid subscribers for its premium service.
Hiring by U.S. private employers rebounded in January, though COVID-19 infections continued to soar, hurting operations in the leisure and hospitality industry.
Britain's GSK said on Wednesday its plan to split into two businesses was on track, as the drugmaker aiding in COVID-19 vaccine developments forecast 2021 profit to fall by a mid- to high-single digit percentage.
STOCKHOLM: Spotify forecast on Wednesday (Feb 3) that revenue and paid subscribers would be below Wall Street estimates this quarter due to uncertainty over how long the coronavirus crisis would last and with it a surge in demand for its music streaming. Spotify has seen a sharp rise in...
