During Friday's trading hours, crude oil prices jumped by 7%, as they reached above April and May high levels.
Indonesia will require large internet firms to pay VAT on digital services and products sales starting from July, in a move that can be adopted by other countries as they seek boosting revenues after the coronavirus pandemic.
Foxconn reported its Q1 profit dropped to its lowest level in two decades, after the coronavirus outbreak forced the Taiwanese company to halt its manufacturing operations based in China, knocking customer demand including Apple.
Facebook is buying Giphy, the popular GIF website, for further integration into Instagram, the social media tech announced on Friday, not disclosing the financial details of the deal.
Nissan Motor is expecting equal contributions to the global vehicle sales from the United States, China and other markets in the following years, as the Japanese automaker aims to recover profitability.
Ethiopian Airlines's Chief Executive Tewolde Gebremariam is expecting the settlement with the planemaker Boeing by the June-end regarding the 737 MAX plane crash in March last year.
On Friday, Trump's Administration has moved to ban semiconductor shipments from global chipmakers to Huawei Technologies, promoting the US tensions with China.
On Friday, Morningstar Credit Ratings has agreed on a settlement worth $3.5M with the US Securities and Exchange Commission over charges for the conflict of interest rule's violation.
Mexico's automotive industry might withdraw from the coronavirus lockdown earlier than June 1, in case of companies approving safety measures, the government stated on Friday.
Amazon's live-streaming platform Twitch has announced a safety advisory council formed by experienced users, anti-bullying advocates and online safety experts that will help improve the site's safety.
France is set to impose a digital tax on big businesses in the current year, regardless of any new international levy, the French Finance Minister announced.
The semiconductor company Nvidia Corp revealed its new chip capable to split up digitally to run multiple programmes on one physical chip, for the company's first time that usually matches Intel chips' key capability.
Zoom Video Communications stated it was planning to expand its engineering workforce by around 60% by hiring 500 software engineers for its research and development centres in Pittsburgh and Phoenix over the following two years.
Tesla Inc, the US electric car maker, announced its plans to start producing the Long Range Model 3 cars at its Shanghai plant, aiming to deliver the vehicles to customers soon.
Sony Corp is set to make the company's cash-cow image sensors even smarter, as it seeks broadening their application to trim reliance on the saturated smartphone market.
Nokia, the Finnish telecom equipment manufacturer, announced its plans to buy back €150M of the March 2021 notes due to its finance restructuring.
Nike Inc warned its North American store shutdowns will have a negative impact on its wholesales and retail businesses in the Q4, as only 5% of the company's stores across the world are open amid the coronavirus pandemic.
According to the Federal Reserve report, millions of Americans lost their job or had their pay or hours reduced due to the coronavirus outbreak, while lower-income workers were hit harder by the crisis, triggering a dramatic decline in US households' finances.
The German electric utilities company RWE announced a 19% increase in earnings to €1.3B in the first three months of 2020, compared to the same period the previous year, the company reports.
The number of cars sold in Indonesia in April declined by 60% amid the coronavirus outbreak, data published by the Indonesian Automotive Industry Association show.
The Finnish government pledges €1B support for small and medium-sized companies amid the coronavirus outbreak, Finland's Minister of Economic Affairs Mika Lintila says.
The German payments company Wirecard reported a 24% increase in revenue in the first quarter of 2020, compared to the same period the prior year, a statement published by the company shows.
Deutsche Telekom revenue increased 2.35% to €19.9B in the first quarter of 2020, compared to the same period the prior year, the German telecommunications company reports.
Guangdong Telecom, Guangdong Mobile and Guangdong Unicom plan to invest more than $7.04B in 5G network development in China's Guangdong Province, local authorities say.