Cisco Systems is expecting its Q1 net profit and revenue below Wall Street's forecasts, laying out a new restructuring plan amid the COVID-19 crisis that forced the firm's clients to refrain from spending.
On Thursday, the European planemaker Airbus shares plunged 2.1% after the US government's announcement it would keep its 15% tariffs on Airbus jets as well as 25% tariffs on the EU goods.
Nikola the US electric commercial truck manufacturer, is open to cooperation with Hyundai Motor on hydrogen technology, after a media report that revealed it had contacted the Korean carmaker on the matter.
Australia's unemployment rate increased 7.5% in July to the highest level in 22 years, with new coronavirus infections threatening the outlook.
China's ByteDance was in early negotiations with Reliance Industries for investment in TikTok's Indian business, TechCrunch reported.
Tadawul, Saudi Arabia's stock exchange, announced plans to launch an ESG index in cooperation with MSCI, the global index provider, by the end of 2020 or later.
Manufacturing production in the Euro zone grew 9.1% in June, following a 12.3% increase in May, driven by higher durable goods production, such as fridges and cars.
Travel company TUI stated that the German government agreed on a €1.2B aid package to boost its finances and ensure that the company survives into 2021.
The US Consumer Price Index rose more than anticipated 0.6% in July due to broad gains in the costs of goods and services.
Saudi Aramco announced plans to cut capital spending to $20B-$25B in 2020 to pay a $75B dividend it promised to investors during its IPO last year.
Goldman Sachs Group is among bidders to acquire General Motors' credit card business, seeking to double bet on its consumer banking unit, according to the Wall Street Journal's report seen on Wednesday.
On Wednesday, Microsoft Corp announced its dual-screen Android phone Surface Duo would be launched in stores from September 10 at the price of $1,399.
Just Eat Takeaway.com, the European food-ordering company, reported stronger revenue and profit results for the current year's first half, thanks to the COVID-19 lockdown that boosted online orders.
Tencent Holdings, the Chinese social media and gaming giant, reported on Wednesday its Q2 net profit surged 37%, topping market expectations, driven by higher demand for the group's video games during the coronavirus lockdown.
The US President Donald Trump's ban of China's short-video app TikTok could cut it off from the US app stores and make advertising illegal, the White House document showed on Wednesday.
Britain's NatWest is trimming over 500 job positions in its retail business, while also shutting down one of the company's remaining offices based in London, blaming loan losses amid the coronavirus pandemic.
On Wednesday, Britain sees positive progress in its trade talks with the US after the latest round, with both sides agreeing to continue negotiations in the following months.
On Wednesday, the Chinese giant Tencent Holdings beat market earnings forecasts by announcing a quarterly profit rise of 37%.
Britain's economy plunged as much as 20.4% in the second quarter due to the coronavirus lockdown, marking the biggest contraction compared to other major economies so far, according to the ONS.
The premium EV maker owned by Volvo Cars and China's Geely, Polestar, is seeking publicly listing eventually, but has to shift its focus on a new Polestar 2 electric car launch, the startup's CEO said.
Toshiba Corp, the Japanese industrial conglomerate, reported a quarterly operating loss, its first in almost four years, as the COVID-19 pandemic affected demand for the company's copiers, electronic devices and chip-making equipment.
On Wednesday, the world's biggest contract electronics supplier Foxconn reported a better-than-anticipated Q2 profit, driven by growing telecommuting demand due to the COVID-19 pandemic offset plunging smartphone sales.
The White House National Economic Council Director Larry Kudlow stated on Tuesday that the US-China trade deal was still intact.
Vicki Hollub, the President and CEO of Occidental Petroleum, stated on Tuesday that the company would not increase output until it reduces debt.