Toyota said it expects materials costs to more than double from to 1.45 trillion yen, or about $11.1 billion, in its fiscal year that started in April.
Marlboro-maker Philip Morris International confirmed Wednesday a $16 billion bid to buy rival Swedish Match as part of its accelerated push into smoke-free tobacco alternatives.
Doctors across the country are reporting an uptick in health issues that don't involve contracting the Covid-19 virus — but are still caused by the pandemic.
Global stocks have endured a bruising week, and a difficult year so far, but some strategists believe the recent sell-off is unlikely to pave the way for a market capitulation.
Auto production plunged in April as Covid lockdowns halted nearly all non-essential business in Shanghai, the China Passenger Car Association said Tuesday.
Top OPEC ministers have hit back at new U.S. legislation intended to regulate its output, saying such efforts would bring greater chaos to energy markets.