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.
The French privacy watchdog has begun investigations into the tiktok.com website and the TikTok application, the CNIL spokesman said announced on Tuesday.
The US producer price index for final demand rose by 0.6% in July, the US Labor Department reported on Tuesday.
As Britain gradually reconciles its job-detention scheme, the job losses climb and the unemployment rate is expected to increase up to 7.5% by the end of 2020.
On Tuesday, the S&P 500 Index rose on stimulus hopes and upbeat Q2 reports, almost reaching its peak before the coronavirus-induced unrest in February.
Taiwan's Taishin Financial Holding agreed to buy Prudential Financial's Taiwan unit for $187M, as the US unsurer is exiting Asian markets.
Leonardo Del Vecchio, Luxottica's founder, is set to raise stake in Mediobanca to 13%-14% after he gets approval from the ECB later this month.
The Nokia-branded smartphones maker HMD Global secured $230M of investment from Qualcomm, Google and Nokia Technologies to help accelerate 5G devices development.
SiFive Inc announced that it has raised an extra $60M in funding from investors including Saudi Aramco and SK Hynix.
On Tuesday, General Motors announced Dhivya Suryadevara was set to step down as the company's Chief Financial Officer and would be succeeded by John Stapleton, who was currently the CFO of North America's operations.
South Korea's Hyundai Motor and the auto supplier Aptiv named their autonomous joint venture Motional, both companies announced on Tuesday.
The number of employed people in Britain faced its biggest plunge since 2009, with growing signs of the coronavirus crisis taking a greater toll on the UK labour market, Reuters reported on Tuesday.
UK's Heathrow Airport reported an 88% drop in its July passenger numbers amid imposed travel restrictions related to the COVID-19 pandemic that were strangling Britain's economy.
During Tuesday's European trading hours, crude oil prices surged, as an increase of demand was expected due to US stimulus measures.