On Friday, the Chinese tech giant Tencent's shares plunged over 4% after the US President Donald Trump ordered a ban of the WeChat-related US transactions.
The US President Donald Trump is preparing bans on the US transactions with China owners of the WeChat messaging app and TikTok, the video-sharing app, escalating tensions with Beijing and clouding the the global tech industry's future.
Intercontinental Exchange is set to acquire Ellie Mae, the mortgage finance industry tech platform, from the PE company Thoma Bravo in the deal worth $11 billion.
China's exports grew 7.2% in July, the fastest pace in the seven-month period, while the country's trade surplus remained at $62.33B.
Indonesia added more technology firms, which will be obligated to apply 10% VAT on sales to local customers to include Disney, Facebook and TikTok.
Amazon.com Inc CEO Jeff Bezos sold his shares worth $3.1B in the e-commerce firm in recent days, regulatory filings revealed.
T-Mobile US stated that it added more postpaid subscribers than anticipated in the Q2, as more clients used its services to stay connected during coronavirus lockdowns.
World trade is expected to decline sharply in 2020 amid the coronavirus pandemic, a statement published by the World Trade Organization shows.
The economy of Morocco is expected to shrink by 2% in 2020, a statement published by the European Bank for Reconstruction and Development shows.
The Cyprus economy is expected to contract 6.9% in 2020 amid the coronavirus pandemic, a statement published by the Research Center of the University of Cyprus shows.
Moody's Investors Service revised India's economic growth forecast to 0% for the fiscal year 2021, data published by the company show.
The Polish economy is expected to contract 4.25% in 2020 amid the COVID-19 pandemic, a report published the European Commission states.
Toyota Motor reported its Q2 operating profit plunged as much as 98% to $131.73M, the weakest Q2 profit in the last nine years, tumbled by the coronavirus pandemic that hit the carmaker's vehicle sales.
ViacomCBS Inc surprised Wall Street with higher-than-expected results of its Q2 profit and revenue on Thursday, driven by robust demand for streaming and sending its shares up 7% on the news.
Facebook has launched "Reels", its own TikTok-like feature within the Instagram app in the US and over 50 other countries, the company announced on Thursday.
On Thursday, Uber announced it would acquire Autocab, the UK tech company, in a deal that could allow the ride-sharing app to reach its customers where the service did not currently operate.
China's TikTok is planning to open the first EU data centre based in Ireland with the €420M investment, the popular short-video app stated on Thursday.
On Thursday, Adidas stated it expected profit rebound in its Q3 after it dropped to a major loss in the previous quarter due to the COVID-19 lockdowns.
On Thursday, Japan's Nintendo posted a 428% surge to $1.37B in its Q1 profit, boosted by higher demand for its Switch console during the coronavirus lockdowns.
Capri Holdings posted a smaller-than-anticipated quarterly loss due to demand recovery for its Jimmy Choo and Versace brands in China, as well as jump in online shopping.
Teva Pharmaceutical Industries reported its Q2 profit topped forecasts by two cents, reaffirming its outlook for the current year despite uncertainty caused by the coronavirus crisis.
Brazil's Embraer reported its commercial aviation revenue dropped by 82% to $109M in Q2 due to a hit by the coronavirus pandemic.
US services sector activity gained its momentum of 58.1 last month, the strongest reading since March 2019, as new orders surged to their record high, ISM reported.
Samsung Electronics launched its new Galaxy Note smartphone and a new foldable phone version, the Z Fold 2, hoping to restore the ground against competitors Apple and Huawei on the back of recovering from the pandemic slump.