On Wednesday, the German Cabinet has approved a new debt of €218B this year for an economic recovery from the coronavirus pandemic, according to a government source.
The US bank profits plunged by 69.6% to $18.5B in the 2020 Q1, compared to the previous year's same period, as banks had faced the economic impact of the coronavirus pandemic.
HSBC is reviving its massive redundancy plan the bank had put on hold after the COVID-19 outbreak, and is set to slash 35,000 jobs during the medium term, according to a memo released on Wednesday.
The Mexican Foreign Ministry announced on Tuesday that the United States and Mexico have prolonged the border restrictions for non-essential travel for 30 days.
On Tuesday, the US Federal Reserve Chairman Jerome Powell stated that a full economic growth would not happen without a COVID-19 vaccine.
According to data from the US Federal Deposit Insurance Corporation, US bank earnings declined to $18.5B in the Q1.
The EU antitrust watchdog announced on Tuesday that it would open two investigations into Apple's App Store and Apple Pay practices.
The German economic sentiment increased to 63.4 points in June from 51 points in May, data published by the Leibniz Centre for European Economic Research show.
The Belarusian economy contracted 1.8% in the first five months of 2020, compared the same period the prior year, the National Statistics Committee reports.
Hong Kong's exports are expected to decline 10% in 2020 amid the coronavirus pandemic, a statement published by the Hong Kong Trade Development Council shows.
On Tuesday, Carrefour and Google announced they would launch a new service of voice grocery shopping in France, as the French retailer seeks to boost its expansion into the food e-commerce.
AB Volvo is planning to slash the white-collar workforce by about 4,100 jobs during the current year's second half due to the negative impact of the COVID-19 pandemic, it stated on Tuesday.
The US retail sales jumped as much as 17.7% in May after two consecutive months of declines due to the coronavirus pandemic, as businesses reopened after the lockdowns.
The EU antitrust regulators are set to pass their verdict Google's $2.1B bid for Fitbit, the fitness trackers company, by July 20; a deal that raised concerns from privacy advocates and consumer groups.
On Tuesday, two EU antitrust regulators announced it would investigate into Apple's Apple Pay and App Store over their terms, conditions and restrictions that could potentially violate the EU competition rules.
On Tuesday, Amazon.com has released a new technology-aided system at its facilities designed to maintain workers' social distancing, called "Distance Assistant".
Tencent Holdings is planning to become the largest shareholder in iQIYI Inc, the video streaming rival, aiming to counter competition and lower costs in a sector driven by lockdowns.
On Tuesday, global stock indices resumed their rally, as central banks announced that additional stimulus would be made.
Adyen, the Dutch-based online payments company, has added Amazon Pay to the range of its various payment options available to customers in the Netherlands, Germany, Spain, Italy, France and the UK.
The US is expected to report a record jump in its retail sales in May after 2.5M of Americans returned to work after the coronavirus lockdowns.
General Motors's Chief Executive Mary Barra expressed her optimism regarding new vehicle demand in the United States despite the coronavirus crisis, adding she also expected electric car sales at a profit in China.
Grab, the Southeast Asian payments and ride-hailing company backed by SoftBank Group, has announced hundreds of layoffs this Tuesday, amid experiencing a negative impact from the coronavirus crisis.
On Monday, crude oil price benchmarks surged by more than 2%, as oil producers continued to cut production.
The US Federal Reserve announced on Tuesday that it would begin a corporate bond purchasing program.