Mitsubishi Electric has formed a strategic alliance with FOXCONN to jointly operate its automotive-equipment business.

FedEx (FDX.N) will implement a general rate increase (GRI) effective Jan. 4, 2027. The GRI applies to import and export transportation rates, with increases of up to 14.9%.

Ukrainian President Volodymyr Zelenskiy said on the 19th that Russia carried out multiple rounds of attacks, firing 16 ballistic missiles and deploying more than 200 drones, and that Ukraine again received no prior warning from partners. He said the strikes targeted Kyiv city and Kyiv region and extended from Kharkiv and Dnipropetrovsk regions to western Volyn and Rivne and southern Odesa. The attacks caused casualties, damaged more than 10 energy infrastructure sites and cut power to at least 550,000 households; medical clinics, schools, metro stations and residential buildings were also hit.