This week, crude oil price futures for July reached above $120 per barrel, as the markets looked forward to the EU meeting on Russian oil.
On Friday, energy consumption data revealed that, as minor changes to the Shanghai lockdown had taken place, energy consumption had been climbing in May. The data signals an economic recovery.
Alibaba has announced that the company would not provide forecasts for the 2020 fiscal year, as risks have made it impossible to predict operational results.
On Friday, Californian Chevron refinery workers union signed a pact, which ended an ongoing nine-week strike.
Twitter investors have combined their forces and sued Elon Musk over Twitter stock price manipulation.
The President of the African Development Bank Group announced this week that the African economy is at risk of entering into stagflation.
British competition regulators revealed this week that they had started another investigation into Google advertising practices.
On Thursday, Reuters published a compilation of reports from various firms, which revealed that due to the lockdowns in China global economic recovery is set to slow down.
Due to the ongoing lockdown in Shanghai, Toyota announced that the company would cut its June production plan by 50,000 vehicles.
This week, Twitter agreed to pay a fine of $150 million to settle with the United States government over security and privacy violations.
Bloomberg News revealed this week that Apple intends to keep its iPhone production unchanged at 220 million units during 2022.
At 12:30 GMT, the US Preliminary quarterly GDP was revealed to have declined by 1.5% instead of the market consensus forecast decline of 1.3%.
On Wednesday, the central bank of South Africa announced that the bank expects a rise in inflation due to high food and energy prices.
During this week, the heads of the Finnish and Dutch central banks have revealed their support for the Lagarde's planned July rate hikes.
This week, Barclays announced that by the end of hits year the bank expects global mutual fund investors to sell off equities valued at $350 billion.
On Wednesday, German GDP was revealed to had grown by 0.2% in the first quarter of 2022, which indicates that there is no economic recession in the German economy.
On Tuesday, the Finance Minister of France Bruno Le Maire stated that the EU would sign the agreement for a global minimum corporate tax on June 17 despite current opposition from Poland.
Airbnb announced this week that the company would shut down its domestic business in China on July 30.
This week, the European Central Bank announced that the crypto markets pose a risk to global financial stability.
On Tuesday, European Purchasing Managers Index survey results revealed that business growth in the Euro Zone had declined in May.
India's top cryptocurrency app CoinSwitch announced on Monday that financial regulators should create certainty for the future pf cryptocurrencies to boost investment.
The stock price for Snap Inc plummeted at the start of the day's trading, as the company announced abysmal quarterly results prior to the market opening. During the first five minutes of trading, the stock price had lost 37.92%
This week, Meta Platforms announced that the company would share its data about political and social-issue ad campaigns, which are run on its Facebook platform.
This week, Christine Lagarde announced that the European Central Bank would return to positive base interest rates by September.