Industry News Analysis - Business, Financial and Economic News

Germany's economy crashed hard in the third quarter, with prominent distress from car makers and strong tussles associated to trade rules weakening exports.

The popular electric car-maker has registered a record $311.5m (£241m) during the third quarter till 30 September; CEO Elon Musk stays optimistic about the fourth quarter.

Profits at Barclays rush higher in the third quarter due to positive investment banking and retail divisions; Jes Staley seems optimistic about the future. 

European stocks dropped abruptly in morning trade after worries involving a trade war together with higher US bond yields motivating concern among global investors.

Japanese car giant Toyota has pronounced a recall of almost 2.4 million hybrid vehicles from all around the globe as a result of systems fault which could bring a significant downfall for the company.

Asian shares drop 17-month lows as recorded on Tuesday since China permitted its currency to slip amid severe losses in domestic share markets.

The social media giant, Facebook, announces Oculus Quest which permits members to virtually visit each other through customized avatars.

Uber Technologies Inc. approves to pay $148 million for its inability to disclose a huge data breach which occurred in 2016; this is one of the biggest embarrassments tagged with the ride-hailing firm