On Thursday, crude oil prices recovered to the mid-March levels, as global demand has returned.
On Thursday, Uber Technologies revealed it had spent $19M to support its drivers and workers on food delivery during the coronavirus lockdowns, which affected the ride-hailing company, forcing it to lay off many employees.
Shopify, the Canadian e-commerce company, will let its employees work from home on a regular basis, as it plans to keep the offices shut down until 2021, firm's CEO Tobi Lutke stated on Thursday.
On Thursday, Macy's Inc stated it is expecting operating losses of nearly $1.11B in the Q1 due to coronavirus lockdowns that forced the department store operator to close its stores.
The US home sales posted their largest decline of 17.8% in almost ten years last month as the coronavirus crisis hit the country's labour market and global economy, tumbling demand for housing.
On Thursday, Japan's appliance-maker Panasonic announced its plans to trim about 800 jobs in Thailand, as it will move the washing machines and refrigerators production to Vietnam next year.
Amazon.com is launching food delivery service in India, challenging such players as Zomato and Swiggy in the market that has been growing rapidly in the last couple of years.
The Prime Minister of Japan Shinzo Abe stated on Thursday that Japan could lift the state of emergency in Tokyo already next week.
Crude oil prices reached their highest levels since March. The surge was supported by low US crude oil inventories and global supply cuts.
On Thursday, UK factories revealed that they had experienced the largest output decline in a period of 40 years.
Survey data released on Thursday revealed that the slump in the Euro Zone's economy had eased throughout April.
According to the US Defense Security Cooperation Agency report, the US State Department has approved a potential sale of advanced torpedoes Taiwan.
Generali shares were down by 1.14% at 0730 GMT on Thursday after the Italian company said that its full-year operating profit is likely to fall in 2020 due to the COVID-19 crisis.
On Wednesday, Alphabet's Google Cloud stated it had secured a contract with the US Department of Defense, aiming to detect cyber threats and take necessary measures.
SoftBank Group Corp announced it would sell 5% of the company's domestic telco amid its plan to attract $41B through asset sales.
Lufthansa was in negotiations with the German government's ESF on a €9B worth rescue deal, including the state taking a stake of 20% in the airline.
Samsung Electronics started building a sixth domestic contract chip production line to manufacture logic chips for computers and mobile phones.
SelectQuote, the US insurance policy comparison website, raised $360M after selling its shares in the IPO above target range.
The French government is set to insist on keeping Renault plants in France and wants to remain global centre for engineering and R&D of the carmaker.
Buyout company Apollo Global Management invested $1.75B in Albertsons Companies, indicating confidence in the US supermarket chain, whose fortunes picked up during the crisis.
Norway's oil production grew 4.5% month-over-month to 1.78M bpd in April, beating official forecasts, the Norwegian Petroleum Directorate stated.
The Polish government approved regulations aimed at prevent non-EU investors from taking over firms cheaply that Poland considered strategic for the economy.
Harley-Davidson Inc is set to reopen factories this week at diminished production rates and send fewer motorcycles to its dealers in the US, the WSJ reported.
Xiaomi Corp reported a 13.6% increase in Q1 revenue, thanks to higher sales of phones, including higher-priced 5G models.