The South Korean economy contracted 3.3% in the second quarter of 2020 amid the coronavirus outbreak, a statement published by the Bank of Korea shows.
One of the largest retailers in Finland, Kesko Group, reported sales of €2.81B in the second quarter of 2020, an increase of 2.2%, compared to the same period the prior year, data published by the company show.
German car producer Daimler reported a net loss of €1.9B in the second quarter of 2020 amid the coronavirus pandemic, a statement published by the company shows.
US weekly unemployment claims increased to 1.416M for the week ending July 18 and compared to 1.307M the previous week, according to the data published by the Labor Department on Thursday.
The largest Dutch bank ING Groep is set to move about 45 London-based jobs to Amsterdam due to Britain's withdrawal from the European Union.
Hershey Co reported on Thursday its quarterly profit topped estimates, adding the company expected sales to grow in the following months, driven by robust demand for the cooking chocolate products during the coronavirus lockdowns.
On Thursday, Twitter Inc disappointed Wall Street by lowered estimates for its quarterly revenue despite surging usage, blaming the coronavirus-caused economic slowdown that hit the firm's events-oriented digital advertising business.
Late on Wednesday, Microsoft's flagship cloud business Azure posted its first quarterly sales growth below 50%. The event caused a stock price drop of 2%.
The Swiss drug maker Roche announced on Thursday that despite the coronavirus epidemic the company would keep its 2020 financial targets.
On Thursday, the Minister of Economy of France Bruno Le Maire stated that the country expects 8% GDP growth in 2021.
The US oil major ConocoPhillips agreed to buy land from Kelt Exploration in Canadian Montney formation within a $375M deal.
Portugal's telecoms company NOS reported that net profit slumped 61% to €35M in the first half due to losses from cinemas, subscription and roaming services.
Spotify Technology signed a multi-year licensing contract with Universal Music Group, the label backing such artists as Coldplay and Taylor Swift.
Reinsurance firm Swiss Re announced its expectations that claims and reserves of $2.5B related to COVID-19 to lead to nearly $1.1B net loss in the first half.
Canada's yearly inflation rate posted its biggest rise for more than nine years, climbing to 0.7% in June from a 0.4% drop in May, as energy prices increased.
Facebook's WhatsApp is set to cooperate with more lenders in India to expand banking services for lower-income individuals and in rural areas.
Giorgio Armani signed a deal with Yoox Net-a-Porter to better integrate its e-commerce site with physical stores' network, the two companies stated.
Shanghai's foreign trade expanded 2.4% in the second quarter of 2020, compared to the same period in 2019, a statement published by the Shanghai Customs Office shows.
The Indonesian tourism sector contracted sharply by 97% to $31M in May, compared to the same period the prior year, amid the coronavirus pandemic, official data show.
Foreign investors invested $10.28B in the first six months of 2020, an increase of 5.4%, compared to the same period the previous year, the Shanghai Municipal Commission of Commerce reports.
Royal Bank of Scotland hired Nicholas Stern, the climate change expert, to help it shape the sustainability strategy as RBS is getting ready for rebranding to NatWest Group.
Texas Instruments is expecting its Q3 revenue results above estimates on a rising global demand for its chips, used in PCs, tablets and servers, as the coronavirus lockdowns prompted people to work from their homes.
On Wednesday, the German prosecutors state they had launched searches of the Fiat, Jeep, Iveco and Alfa Romeo offices amid an international fraud inquiry into illegal emissions software that had been found in the carmakers' vehicle engines.
On Wednesday, the Bank of Korea announced that it would ends its unlimited repo operations by the end of July.