The Fair Work Commission stated on Friday that the national minimum wage will be increased by 3.5% in the mid-summer, thus affecting almost 2.3M or 20% of Australian employees.
Crude oil prices decreased by 0.2% or 16 cents on Friday, reaching $66.88 a barrel, amid reports about record high American production this month.
The Bank of Japan Governor Haruhiko Kuroda on Thursday called members of the G7 to have a "rational" discussion on trade issues in order to avoid introduction of protectionist measures.
Members of the G7 agreed on Thursday to resist new American tariffs on aluminium and steel, arguing that such decision threatens global economic growth.
Talks with a delegation from the Democratic People's Republic of Korea are going well, the US President Donald Trump says.
The Kim Yong Chol, Vice Chairman of the ruling Workers' Party of Korea Central Committee, arrives in the US to meet with the US Secretary of State Mike Pompeo.
The Indian economy grew 7.7% in the first quarter of 2018, up from 7.2% in the previous quarter, official data shows.
The Eurozone unemployment rate declined to 8.5% in April from 8.6% in March, the lowest level since December 2008, the European statistical office says.
The EU strongly believes the US unilateral steel and aluminium tariffs are unreasonable and in confrontation with World Trade Organisation rules, the European Commission President Jean-Claude Juncker says.
The European Investment Bank finances Ericsson to fasten 5G mobile network research and implementation in Europe, the European Commission announces in a press release.
Ukraine plans a modernization of 46 projects in its ports by 2030 with a total cost of $1.68B, the Deputy Prime Minister Volodymyr Kistion says.
The German President Frank-Walter Steinmeier met with the Chinese State Councilor and Foreign Minister Wang Yi on Thursday to discuss broad common interests.
The foreign ministers of Russia and the Democratic People's Republic of Korea met on Thursday to discuss bilateral ties and the situation on the Korean Peninsula.
The EU plans to trigger a dispute at the WTO as US tariffs on steel and aluminium are against agreed international rules, EU officials say.
The number of applications for US unemployment benefits dropped to 221K in the week ending May 26, while analysts anticipated a surge to 228K, following the prior month's 234K reading.
Uber Technologies, the US ride-hailing company, is seeking lenders to cut the pricing on its $1.13B term loan set for 2023, sources familiar with the matter said.
Alphabet's Waymo and Uber Technologies are in talks over establishing a partnership to use Waymo's self-driving technology on the Uber ride-hailing app.
On Thursday, Nokia announced it sold its digital health venture, including smartwatches and activity trackers, while the company's executive who wiped out the consumer businesses was set to leave Nokia after nearly a year in his position.
On Thursday, Petroliam Nasional Bhd, Malaysia's local gas and oil firm, stated it would buy a 25% stake in Canada's liquefied natural gas export project, a year after it had cancelled its own terminal.
On Wednesday, Ireland's airline Ryanair is likely to take a full ownership of Laudamotion's leisure airline over the next four years, the company stated on Wednesday.
The Defence Ministers of Russia and Israel met on Thursday and discussed the de-escalation zone of the southern region of Syria.
Representatives of Telegram messaging service have revealed that Apple has forbidden the app to update globally since Russian authorities ordered Apple to remove it from the app store in Russia.
On Wednesday, Australian company Sino Gas & Energy agreed to a $401M takeover bid from the US private equity group Lone Star.
CLS, the FX settlement provider, stated it had invested $5M in the New York-based blockchain consortium R3, taking a seat in the start-up's board of directors.