Ford Motor confirmed on Monday it was stopping operations in its major Brazil facilities as pandemic forced the company to implement a global restructuring plan valued at some $11bn. In Brazil alone production will cease immediately at Ford’s plants in Camaçari and Taubaté and the firm will take pretax charges of about $4.1 billion, Reuters reported.

Some top executives at US pharmaceutical company Novavax have started selling some of their stocks in a bid to capitalize on positive outlook amid on-going trials of the firm’s Covid-19 vaccine, Reuters reported.

Investigators of the SolarWinds massive hacking attack have identified spying tools previously used by Moscow-related hackers, Reuters reported quoting sources involved in the investigation.

The co-owner of London’s Gatwick Airport, Global Infrastructure Partners scored a last minute $4,63 billion deal to secure control over British private jet servicing company Signature Aviation, Reuters reported.  

Toronto-Dominion Bank will have to stand trial and face charges linked to the bank’s ignorant behavior which resulted in billions of dollars damages amid the operations of a Ponzi scheme set by the Texas financier Robert Stanford, Reuters reported.

Hyundai Motor and Apple Inc plan to sign a partnership deal on autonomous electric cars by March and start production around 2024 in the United States, local newspaper Korea IT News reported on Sunday.

CES, the world’s largest tech show, is quite something to behold. Or it would be if you could actually behold it in person. Almost inconceivably, the industry extravaganza spans the entire Las Vegas Convention Center, the nearby Sands Expo and a dozen or more hotels up and down the Strip. As WSJ best describes it, it is like a Disneyland for tech. This year, you can also see it all - however, only from the little screen through which you see pretty much everything else these days.

A totally-pedestrianised city is set to create 380,000 jobs in Saudi Arabia as Crown Prince Mohammed bin Salman launched ‘The Line’, the latest piece in the futuristic jigsaw that is the Neom $500bn giga project.

The trade deficit of US last November surged to $68.1 billion which is the highest for a month period in 14 years, as a dramatic increase in imports overshadowed a modest growth in exports, AP reported.

The leading Swiss bank posted a huge loss at the end of 2020 as the financial institution had to set aside funds to guarantee for the settlement of a big dispute in US. The total cash amount is estimated at some 850 million dollars.