The Polish economy is expected to contract 4.25% in 2020 amid the COVID-19 pandemic, a report published the European Commission states.
Greece raised €812.5M in a sale of short term treasury bills, a statement published by the country's Public Debt Management Agency shows.
The euro area economy faces a historic contraction of 7.75% in 2020 amid the coronavirus pandemic, a statement published by the European Commission shows.
The Asian Development Bank approved a second loan of $170M to support vital capital market reforms in Bangladesh, a statement published by the bank shows.
Electronic Arts Inc estimates its full-year adjusted revenue to top Wall Street expectations amid rising demand for video games during global lockdown caused by the coronavirus outbreak, the video game publisher stated.
On Wednesday, Bolt, the Estonian ride-sharing service, has revealed its own new electric scooter, saying it is planning a scooter service launch in over 45 cities in summer 2020.
Federal Reserve policymakers stated the US economy was likely to start recovering in 2020 H2 after the coronavirus crisis hit, but added that growth could be uneven and slow.
On Wednesday, the South Korean carmaker Hyundai Motor reported its preliminary April sales dropped 57% over the year to 159,079 cars globally, tumbled by the coronavirus pandemic.
During Wednesday's GMT trading hours, the Euro declined in value, as worries were brought up by the German government about ECB bond buying.
Tyson Foods is set to revive limited production at the company's biggest pork plant in the United States this week.
On Wednesday, BMW AG stated that the coronavirus impact would likely hit its profit and demand throughout the current year, making the German carmaker to trim its profit outlook.
British competition watchdog is planning to block the sportswear retailer Footasylum takeover by its larger rival JD Sports, saying the deal would leave customers less favoured and require JD to sell off the chain.
The US Federal Reserve of New York reported on Tuesday that the US households debt surged to a new level at $14.30 trillion, but access to credit tightened in the Q1.
The US Treasury Department would begin distributing $4.8B in pandemic funds to Native tribes in the United States. The US Interior and Treasury Departments announced on Tuesday.
On Tuesday, the German Constitutional Court gave the European Central Bank three months to justify the Public Sector Purchase Programme.
According to a draft document, seen by Reuters, the European Commission is expected to add Mauritius, Bahamas and Panama to its money laundering blacklist.
Norwegian Air is set to sell its new shares at 79% discount to the latest price traded on the Oslo Bourse, seeking to boost equity to qualify for aid package from Norway's government.
Shares of Wayfair, the online furniture retailer, soared 35% to a record-high after posting stronger-than-expected quarterly results amid the increase in home furniture orders.
The Commerce Department stated that the US trade deficit rose 11.6% to $44.4B last month, as the coronavirus outbreak affected the flow of goods and services.
Sinch, the provider of cloud computing services, announced that it is set to buy SAP Digital Interconnect in a €225M deal, which will increase its presence in the US.
Hong Kong's retail sales declined 42% year-over-year in March, the 14th month of decrease in succession, government data revealed.
The UK sales of new cars plunged 97% year-on-year in April to the lowest level since February 1946, as dealerships and factories shut amid the coronavirus outbreak.
On Tuesday, Lenovo Group announced it had launched a server platform fitted with the Advanced Micro Devices data centre chips that allow it to handle heavy computing tasks.
On Tuesday, Orca Security, Israel's cloud security start-up, stated it had raised $20M in a round of funding conducted by GGV Capital with Silicon Valley CISO Investments and YL Ventures participation.