German prosecutors searched offices of Volkswagen and car supplier Continental as part of the extended diesel emissions probe, both companies announced on Wednesday.
On Wednesday, Macy's Inc recorded a $3.58B loss in its Q1, hit by the coronavirus outbreak that forced the department store chain to shut down its stores for a couple of months.
The US electric vehicle producer Tesla has surpassed the market capitalization of Toyota by $5B on Wednesday, becoming the most valued car producer in the world.
On Wednesday, the banking license of the Malta-based Satabank has been withdrawn by the request of the Europen Central Bank on money-laundering suspicions.
On Wednesday, Munich police and prosecutors searched the Wirecard headquarters as part of the fraud probe after Markus Braun, the payments company's ex-CEO, had been arrested the previous day.
The Central European manufacturing decline weakened markedly in June after economies reopened following the COVID-19 lockdown, while the sector still needs a while to return to growth.
Renault is expecting a recovery in the French auto sales in June, after lifting the coronavirus lockdown, hoping it would carry on into the Q3, Ivan Segal, the brand's sales head for France reported on Wednesday.
On Wednesday, the Governor of the Bank of England Andrew Bailey stated that the bank would consider climate change impact in their corporate bond buying program.
On Wednesday, Volvo Cars announced it was recalling about 2.2M cars made in the period of 2006 and 2019 due to a potential issue related to cables attached to vehicles' front seat belts.
On Tuesday, Alphabet's Google stated it had increased the YouTube TV online service price by 30% to $64.99 for a month, citing the surging cost of content.
Shares of FedEx surged as much as 9.4% in Tuesday's extended trading after its quarterly revenue and profit topped analysts' forecasts, driven by a jump in home deliveries during the coronavirus lockdowns.
Google announced it would postpone the reopening of the tech company's offices in the United States by about two months, until September, due to an increase in the number of the coronavirus cases.
Netflix has picked Bozoma Saint John as its new chief marketing officer, effective in August, adding another high-profile specialist to the streaming giant's senior management.
On Tuesday, Greece's second-largest lender NBG has appointed Morgan Stanley to advise on $6.73B bad debt sale.
According to a top government official, Thailand's Office of Trade and Competition Commission has approved rules to regulate online and food delivery services.
Australia plans to spend about $184.8 billion on military assets over the next ten years, the country's Prime Minister Scott Morrison would announce on Wednesday.
The Governor of the Saudi Arabian Monetary Authority Ahmed al-Kholifey called for more lending from commercial banks to support businesses during the COVID-19 crisis.
During Tuesday's US trading hours, crude oil price benchmarks continued to decline, as a resurgence of coronavirus cases occurred globally.
Data published on Tuesday, revealed that since March Mexico has lost 12 million jobs.
On Tuesday, the airplane maker Airbus announced that it would increase its job cutting program to 15,000.
Plunging demand from rental automakers, government agencies and corporations affected car sales in the United States during the COVID-19 pandemic, signalling the recovery likely to be slow, Reuters reported on Tuesday.
The former Wirecard's CEO Markus Braun and COO Jan Marsalek are facing a criminal complaint filed by Austria's lawyer at the Vienna court, accusing them of serious fraud and market manipulation.
LVMH stated on Tuesday that the coronavirus crisis impact will hurt the luxury goods group's earnings a while longer, despite there were some recovery signs this month.
Standard Life Aberdeen announced on Tuesday its CEO Executive Keith Skeoch was set to step down and Stephen Bird, the former Citi executive, would replace him at this position.