Rishi Sunak, the British finance minister, is planning to restart the UK economy by granting homebuyers a tax break, while cutting the value-added tax for hospitality firms, pubs and restaurants, according to The Times newspaper.
During Monday's European trading hours, global stock indices surged to a four week high level. The surge was attributed to an increase of economic activity in China.
On Monday, Ford Motor's China ventures posted a 7.7% jump in its year-over-year sales in June, marking the ongoing recovering from the coronavirus crisis, but not disclosing the number of vehicles sold.
Warren Buffet's Berkshire Hathaway announced that its energy unit would acquire Dominion Energy's natural gas assets for $4B, in a move to reduce the conglomerate's cash pile, Reuters reported.
Uber Technologies, the ride-sharing company, is set to acquire the food-delivery app Postmates in a $2.65B all-stock deal, according to a Bloomberg News report published late Sunday.
British new car sales declined by a third in June, reporting 145K units registered last month on annual basis, a smaller fall than in the prior three months.
Francois Villeroy de Galhau, the governor of the Bank of France, stated on Sunday that France's economy is bouncing back faster than expected.
According to sources with knowledge of the matter, Commerzbank's CEO Martin Zielke and Chairman Stefan Schmittmann have resigned after a damaging dispute with the German unions.
On Sunday, the Prime Minister of New Zealand Jacinda Ardern launched her Labour Party's election campaign with promises of jobs and additional financing for small companies.
According to the Frankfurter Allgemeine Sonntagszeitung, Germany's Finance Minister Olaf Scholz planned to give the German Financial markets authority more control rights over financial reports.
The United Arab Emirates non-oil private sector rose in June for the first time in 2020, as coronavirus-related restrictions were lifted.
The French economy continued to recover from the slump induced by the coronavirus outbreak as fast as anticipated a month ago, the Bank of France Governor stated.
Singapore's total retail sales declined a record 52.1% on a yearly basis in May, during the COVID-19 crisis, according to SingStat report.
Vietnam's government is set to sell its remaining 36% stake in Sabeco, the country's largest brewer, by the end of 2020, an official document revealed.
Argentina's economy is likely to contract 12% in 2020, worse than the prior forecast of a 9.4% drop, as output was ravaged the coronavirus pandemic.
China's Semiconductor Manufacturing International Corp is expected to raise $6.55B in share sale at the Shanghai Stock Exchange.
Foreign exchange reserves of Bangladesh reached a record high of over $36B in June, data published by the Bangladesh Bank show.
Overall demand for loans in China increased in the second quarter of 2020, compared to the previous three months, the People's Bank of China reports.
Chinese residents increased their consumption in the second quarter of 2020, data published by the People's Bank of China show.
New home prices in China increased slightly by 0.53% to $2,189 per square meter in June, compared to the previous month, the China Index Academy reports.
The Election Commissioner Lasheen Ibrahim stated on Sunday that elections to the Council of Senators of Egypt would be held on August 11-12.
The United Arab Emirates stated on Sunday that it would restructure the government to make it more flexible and efficient when dealing with crises such as the coronavirus pandemic.
The agreement between Indonesia and Australia that cancels nearly all trade tariffs entered into force on Sunday.
Thousands of Croatians went to polling stations on Sunday to elect a new parliament that would form a government capable to save the country from economic crisis.