Boeing Co has resumed deliveries of its 787 Dreamliner jets, handing over one plane to United Airlines on Friday, an initial step as the U.S. planemaker works through production defects that sidelined dozens of aircraft.
A U.S. judge said on Friday Deutsche Bank AG may sue two offshore funds for allegedly reneging on an agreement to sell the German bank US$1.6 billion of claims in the bankruptcy of swindler Bernard Madoff's namesake firm.
:Stellantis NV and Chinese electric vehicle maker Nio became the latest carmakers to announce new production cuts as a result of a global semiconductor chip shortage.
U.S.-listed shares of China based Baidu Inc and Tencent Music Entertainment group plunged this week, dropping as much as 33.5per cent and 48.5per cent, respectively, from Tuesday's closing levels.
Wall Street's main indexes broadly rose on Friday with technology, energy and financial stocks providing the biggest boost as investors bet on what is expected to be the fastest economic growth since 1984.
The Biden administration said Friday it wants new public input on establishing licensing or other procedures to help companies comply with a sweeping new rule targeting Chinese technology firms.
Facebook Inc said on Friday it plans to reopen its Menlo Park, California headquarters with 10per cent occupancy on May 10, if the COVID-19 situation begins to improve.
A possible listing of luxury division Porsche AG is not at the top of the agenda of Volkswagen, Chief Executive Herbert Diess told Frankfurter Allgemeine Zeitung in an interview.
Russian small private carmaker Zetta is designing an electric car and plans to launch production this year, Russia's Industry and Trade minister, Denis Manturov, said on Friday.
