The economy of Morocco contracted 8.7% in the third quarter of 2020, data published by the Moroccan national statistics office show.
World trade is expected to decline 9.2% in 2020 amid the coronavirus pandemic and increase 7.2% in 2021, a statement published by the World Trade Organization shows.
Boris Johnson stated on Tuesday that the UK would need to know whether or not there would be a trade deal with the EU by October 15.
On Tuesday, Daimler announced it would reduce fixed costs, R&D and capex expenditure by over 20% by 2025 from the prior year's levels amid its Mercedes-Benz repositioning as the luxury brand.
On Tuesday, Alphabet announced that "Google Workspace" has become the new official name for the tech giant's business tools package, which includes document and email editing, replacing the old name, G Suite, introduced in 2016.
Cisco Systems was ordered to pay $1.9B to Virginia's IT company Centripetal Networks, which accused Cisco of copying the cybersecurity patents owned by the firm.
During Tuesday's European trading hours, global stock indices surged to a two-week high, as certainty was caused by the US President returning to the White House.
Faraday Future, the electric vehicle start-up, is in talks over going public via a reverse merger deal with SPAC, its CEO stated.
A joint venture of Toyota Motor and Panasonic are set to build lithium-ion batteries for hybrid vehicles in Western Japan beginning in 2022, according to the company's statement made on Tuesday.
SAP has pledged to allocate about 5% of its spending to diverse businesses and social enterprises by 2025, aiming to encourage greater environmental and social responsibility.
Southwest Airlines is seeking unions to agree on pay cuts to avoid layoffs and furloughs through 2021 amid struggles in the industry to stem losses caused by the coronavirus pandemic.
The Head of the US Senate Majority leader Mitch McConnell announced on Monday that he did not see a possible deal on stimulus.
On Monday, Bloomberg revealed that Johnson & Johnson would pay a fine of more than $100 million to settle talc lawsuits.
The Minister of Economy of Germany Peter Altmaier stated on Monday that Germany would avoid another industrial shutdown.
On Monday, the President of the Chicago Federal Reserve Charles Evans stated that he expects US inflation to reach 2% by 2023.
The China Securities Regulatory Commission approved IPO applications of Xinjiang Hongtong Natural Gas and Zhejiang Dayang Biotech Group.
Retail sales in Singapore decreased by 5.7% to $2.49B in August, compared to the same period in 2019, the Department of Statistics of Singapore reports.
Online shopping in South Korea reached a record high of $12.4B in August, an increase of 27.5% from the same period the prior year, data published by the Statistics Korea show.
The Finnish Finance Ministry revised its economic growth forecast upwards to 2.6% for 2021 and 1.7% for 2022, a statement published by the ministry shows.
The retail trade in the euro area increased by 4.4% in August, compared to the previous month, data published by the European statistical office Eurostat show.
The Philippine Airlines plans to cut around 2,700 employees amid the coronavirus pandemic, data published by the company show.
Indonesia has entered talks with Tesla, the US electric vehicles maker, over the possible investment in the country, an Indonesian official said.
Units of Siemens and Macquarie Group are creating a joint venture "Calibrant Energy" with plans to make an investment in the EaaS sector in the US, both firms reported on Monday.
Rovio Entertainment announced on Monday its CEO Kati Levoranta is set to quit her position at the Angry Birds game maker at the 2020-end, sending the company's shares up 1.2%.