This week, the German top court ruled that Google and YouTube would be liable for copyright damages caused by third party uploads on the video platform.
Various consumer advocate groups have combined their influence to request US regulators to investigate Electronic Arts use of loot boxes and aggressive pressure on players to spend more.
Reuters revealed on Thursday that in accordance with the agency's poll results the Canadian Dollar should strengthen in the upcoming year due to aggressive rate hikes by the Bank of Canada.
This week, OPEC announced that it would increase its oil production to make up for the output lost due to the Russian invasion of Ukraine.
In April, retail sales recovered in Hong Kong, in the aftermath of a two month decline in February and March.
At the start of the day's US trading hours, Microsoft stock plummeted almost 3.00%, as the company lowered its 2022 profit forecast. The decline of the large market capitalization stock caused a broader market sell off.
The US President Joe Biden has requested a supply update from infant formula producers. Infant formula has recently been a deficit product in the US.
The CEO of Lamborghini Stephan Winkelmann revealed in an interview on Wednesday that the company plans to add two hybrid cars to its range by 2030.
On Wednesday, Amazon announced that the company sees itself being unfairly targeted by a new US antitrust law.
This week, it was revealed that corporate capital expenditure in Japan increased by 3% in the first quarter of 2022.
German PMI survey results revealed this week that German factories had hired additional staff and even increased output.
On Wednesday, Gazprom announced that it would cut its gas supply to Shell Energy and Orsted.
The crypto investing unit of Fidelity capital revealed this week that the company would hire additional 210 employees.
On Wednesday, navigation company TomTom revealed that it would start reducing its employment base due to mapmaking automation.
Norwegian Air announced this week that the company would order 50 new Boeing 737 Max aircraft.
Reuters revealed on Monday that Tesla had restored 70% of its pre-lockdown Shanghai production.
In May, inflation in Germany reached a new record high. Monthly inflation increased from 7.8% to 8.7%. The data indicated that the ECB would have to hike interest rates.
Despite the US market closure for Memorial Day, global stock indices and futures continued to surge higher, extending previous week's gains.
This week, crude oil price futures for July reached above $120 per barrel, as the markets looked forward to the EU meeting on Russian oil.
On Friday, energy consumption data revealed that, as minor changes to the Shanghai lockdown had taken place, energy consumption had been climbing in May. The data signals an economic recovery.
Alibaba has announced that the company would not provide forecasts for the 2020 fiscal year, as risks have made it impossible to predict operational results.
On Friday, Californian Chevron refinery workers union signed a pact, which ended an ongoing nine-week strike.
Twitter investors have combined their forces and sued Elon Musk over Twitter stock price manipulation.
The President of the African Development Bank Group announced this week that the African economy is at risk of entering into stagflation.