According to the US Commerce Department, the US gross domestic product contracted at a 32.9% annualized rate in Q2, the deepest decline since 1947.
The Vietnamese economy is expected to grow 2.8% in 2020 and 6.8% in 2021, a forecast published by the World Bank shows.
Panasonic reported a net loss of $93.56M in the second quarter of 2020 amid the coronavirus pandemic, a financial report published by the company shows.
The French economy is expected to perform better than previously expected, a statement published by the Bank of France Governor Villeroy de Galhau shows.
The British car production sector contracted 42.8% in the first six months of 2020, compared to the same period in 2019, the Society of Motor Manufacturers and Traders reports.
The Lloyds Banking Group reported a pre-tax loss of $782M in the first six months of 2020 amid the coronavirus pandemic, a statement published by the company shows.
The US economy contracted 32.9% in the second quarter of 2020, compared to the same period the prior year, data published by the US Commerce Department show.
Google's $2.1B worth bid for Fitbit, the fitness tracker maker, is set to face the EU antitrust probe next week, Reuters reported on Thursday.
Panasonic aims to enhance the energy density of the "2170" battery cells, which the company supplies to Tesla, by 20% during the next five years as well as commercialise a cobalt-free version.
Volkswagen reported on Thursday an operating loss in its Q2 as car deliveries plunged by nearly a third amid the coronavirus crisis, forcing the German automaker to trim its dividend despite robust growth in demand.
Samsung Electronics is expecting its second-half earnings to rise on a worldwide recovery of the company's smartphone demand, driven by the coronavirus-caused shift to the remote work.
On Thursday, International Business Machines revealed its research partnership with the Japanese industry, as the US tech firm seeks to boost quantum computing advances, deepening ties between Japan and the US.
On Thursday, Nestle has trimmed its annual underlying sales forecast, as demand had slowed down after customers worked the way through stockpiled cupboards at the beginning of the coronavirus-led lockdowns.
Qualcomm Inc announced expectations for revenue of up to $6.3B, largely above expectations, powered by sales of chips for 5G devices and reaching a solution with Huawei.
PayPal stated that a rise in e-commerce transactions, which drove quarterly profit up 86%, was continuing and would support new investments in mobile payments.
World Bank's IFC launched a $4B financing platform aimed to boost critical health care products' production in developing countries to help fight the COVID-19 pandemic.
Rolls-Royce was planning an up to £1.5B share issue to stop a capital deficit, as a weak recovery in demand for air travel threatened the aviation industry, four sources said.
South Africa's Rand Merchant Investment and Finland's Sampo were in talks to buy the UK motor insurer Hastings, sending its shares up 15% on the report.
Italy's brake maker Brembo announced that it would not buy extra shares in tyremaker Pirelli after raising its stake to 4.99%.
Euronext, the stock exchange operator, reported a 53.7% increase in net profit in the Q2, with trading volumes raised by changing perceptions over the global economy.
The Turkish central bank increased its inflation forecast to 8.9% for 2020 from a previous forecast of 7.4%, a statement published by the Turkish central bank shows.
Maruti Suzuki, the largest car manufacturer in India, announced a first net loss in 17 years in the second quarter of 2020, data published by the company show.
The economy of Hong Kong contracted 9% in the second quarter of 2020, compared to the same period the prior year, official data show.
Spotify Technology reported on Wednesday it had gained 138M paid subscribers in the Q2, as music streaming service's demand had rebounded after the coronavirus-related weakness.