The Japanese current account surplus declined 27.9% to $10.97B in May, compared to the same period the previous year, data published by the Finance Ministry show.
The EU Commission reached deals with the pharmaceutical firms Merck KGaA and Roche to supply the COVID-19 experimental drugs, a source familiar with the matter said to Reuters on Wednesday.
Walmart is set to release its membership programme as soon as this month, challenging the direct rival Amazon.com's Prime service, according to Recode.
Italy is exploring exclusion of Huawei Technologies, the China telecoms equipment maker, from building the country's 5G network, according to La Repubblica report.
Alibaba's Ant Group is planning an initial public offering in Hong Kong this year, seeking a valuation of over $200B, sources familiar with the matter reported.
Tesla Inc, the US electric automaker, reported it had sold 14,954 China-made Model 3 cars in the mainland in June, marking a 35% rise month-on-month, the CPCA reported on Wednesday.
During Wednesday's European trading hours, the stock price of Nokia plummeted by 8%, as the company announced the loss of business of Verizon.
According to the INSEE statistics agency, the French economy is likely to rise 17% in the Q2 and is seen to rebound sharply in the current year's second half after a plunge in the H1 triggered by the coronavirus lockdown.
Britain's Funding Circle is planning top slash about 85 jobs in the United States, the peer-to-peer lending platform announced on Wednesday, in its push to turn the US operations more profitable.
Shares in Apple's supplier Japan Display plunged 6% on Wednesday, following a media report claiming that Apple would use its OLED screens for the all forthcoming 5G iPhone devices this year.
According to sources with knowledge of the matter, Walmart Inc plans to launch its membership service, called Walmart+, in July.
According to the US Labor Department, the US hiring accelerated by 2.4 million jobs to 6.5 million in May.
Brazil's President Jair Bolsonaro announced in an interview on Tuesday that he has tested positive for the COVID-19.
Forex company Travelex announced on Tuesday that it reached an agreement with its senior secured noteholders to take control of the firm.
The average house prices in the UK declined for a fourth consecutive month in June, data published by the mortgage lender Halifax show.
The Spanish economy is expected to contract 10.9% this year, compared to a previous forecast of 9.4%, a statement published by the European Commission shows.
China and Arab states plan to deepen economic relations and other ties, a concluding statement of the China-Arab States Cooperation Forum shows.
The German automobile giant Volkswagen sold 874,174 vehicles in the first six months of 2020 in China, a statement published by the company shows.
The German industrial production rose 7.8% in May, compared to the prior month, provisional data published by the Federal Statistical Office show.
The Latvian government agreed to inject €54.43M in Riga International Airport amid the COVID-19 pandemic, a statement published by the Ministry of Transport shows.
The German carrier Lufthansa announced it would trim 20% of the company's leadership jobs and 1K administrative positions on the back of a restructuring plan to cope with the coronavirus-triggered fallout.
On Tuesday, Uber Technologies has expanded its delivery offerings by rolling out the grocery service in Latin America and Canada, planning to add the United States later this month.
On Tuesday, Indonesia has imposed a 10% VAT on the technology companies' sales, such as Google, Netflix, Amazon and Spotify, amid shifts in spending patterns along with rising remote working triggered by the coronavirus crisis.
On Tuesday, Samsung Electronics reported a 23% jump in its Q2 operating profit, topping analysts' estimates, driven by solid chip sales during the coronavirus lockdowns.