Sweden's AB Volvo reported on Thursday its operating profit surged to $1.62B, beating analysts' expectations, and announced a strategic partnership with Samsung, as it seeks to make battery packs for the company's electric trucks.
Japan's Takeda Pharmaceutical has turned to potential bidders for its drugs portfolio for sale in the Western Europe, seeking to cut its debt after acquiring Shire in the $59B deal.
EBay beat Wall Street's estimates for the quarter, as it earned $0.68 per share, compared with $0.62 forecast, while revenue grew almost 2% to $2.69B, as the company managed to attract more customers and expanded its payments and advertising businesses.
The global non-military drone market, dominated by Chinese manufacturers, is expected to triple in size to $14.3B in sales in the next decade, the report said, even as the US officials warned of risks to national security.
Australia's full-time employment increased in June, though the unemployment rate stuck at 5.2%, while more people searched for a job, suggesting spare capacity, which argues for bigger policy stimulus.
On Wednesday, Netflix Inc shares fell by nearly 10% as the company added only 2.7M paid subscribers in Q2 in contrast to expected 5.05M.
Crude oil prices fell 1.5% or 84 cents on Wednesday, reaching $56.78 a barrel, as the US crude stockpiles decreased 3.1M barrels last week.
Europe's car sales declined 7.9% to 1.49M cars in June, compared with 1.62M a year earlier, led by increased declines for Volvo, Fiat Chrysler and Nissan, industry data revealed.
Microsoft and AT&T announced that they reached a more than $2B worth deal, where the telecommunications company is set to tap Microsoft's Azure service for computing needs and provide Office 365 to much of its 268K of workforce.
The International Monetary Fund lowered its expectations for Russian economic growth this year from 1.4% to 1.2% after the weak Q1, suggesting that broader reforms would be necessary for stronger increase.
On Wednesday, Euro Zone's statisticians published a review of the zone's inflation. Year on year inflation was revised up to 1.3%.
On Wednesday, the results of a Reuters Poll revealed that a majority of global economists expect the Turkish economy to contract in 2019.
The US Senate and the House of Representatives put forward bills that would upkeep tight restrictions on China's Huawei Technologies.
On Wednesday, the Governor of Bank of Japan Haruhiko Kuroda announced that he expects economic global growth and that the BoJ will keep policy steady.
Despite announcing earnings in line with forecasts, on Wednesday Ericsson announced that future cost increases might decrease the company's profit margins. The announcement caused a seven percent drop of Ericsson stock price.
On Wednesday, the common European currency reached a weekly low level. The drop was caused by expectations of monetary easing in the Euro Zone.
On Wednesday, the Bank of England announced that most likely its balance sheet will decrease only by half once quantitative easing is reversed.
According to sources with knowledge of the discussions, Japan and the United States are negotiating on a trade agreement involving autos and agriculture.
The German Federal Cartel Office announced on Wednesday that Amazon has agreed to overhaul its Business Services Agreement that applies to merchants using the company's platform.
The Bulgarian Finance Minister Vladislav Goranov said on Tuesday that hackers had stolen millions of Bulgarians taxpayer's financial data at the country's National Revenue Agency.
Bitcoin cryptocurrency fell below $10,000 on Tuesday after the US Senate Banking Committee grilled Facebook Inc on its crypto plans.
According to sources familiar with the matter, lenders of Jet Airways will make another attempt to sell the insolvent airline for at least $1.24B.
Ursula von der Leyen, the new head of the European Commission, stated on Tuesday that she would try to find a mutually beneficial solution to the Brexit with any British leader.
On Tuesday, the German parliament has supported Ursula von der Leyen's candidacy for the post of the European Commission President.