The unemployment rate in Canada reached a record high of 13.7% amid the coronavirus pandemic, a statement published by the Statistics Canada shows.
The Liberian Minister of Foreign Affairs Gbehzohngar Findley and his Moroccan counterpart Nasser Bourita have agreed to strengthen bilateral relations.
The US economy has improved unexpectedly with more jobs added in May, following record-high losses in the previous month, and signalling that the downturn caused by the coronavirus pandemic was potentially over.
On Friday, Canada's plane maker Bombardier stated it would slash 2,5K aviation job positions, which is nearly 11% of the workforce, as the coronavirus pandemic's devastating impact hurt demand.
Britain's Bentley Motors announced its plans on Friday to cut up to 1K job positions, almost a quarter of the company's workforce, blaming the coronavirus pandemic that hit hard the luxury carmaker.
On Thursday, the CEO of Tesla and SpaceX called for a break up of Amazon.com, as he considers it a monopoly.
Jaguar Land Rover has signed agreements with China's lenders over $704.50M worth secured term loan facility, marking the company's first Chinese debt financing.
On Friday, Japan's Toyota Motor announced it would form a new joint venture with China automakers aimed at developing fuel cell systems.
Australia's court has fined Japan's Sony Corp $2.4M for breaking the consumer law by refusing refunds on its faulty PlayStation games, Australian consumer watchdog said.
Slack Technologies missed forecasts by reporting slower quarterly sales growth than expected, as investors hoped for a rise in demand for the company's workplace messaging app amid global lockdowns.
On Thursday, as the stock of ZoomInfo Technologies debuted on the stock exchange, the share price jumped by 90%.
Throughout Thursday's trading hours, crude oil prices traded flat, as investors awaited for the OPEC meetings.
On Thursday, US stock markets ended the day's trading by a decline, which ended a four day stock price rally.
The American Bankruptcy Institute revealed on Thursday that Chapter 11 bankruptcies in the US surged by 48% in May.
On Thursday, a US court banned the sale of Bayer AG latest weed killer. The news could beat down the company's stock price.
US weekly jobless claims revealed on Thursday that 2 million people claimed unemployment benefits, which is an improvement compared to the previous months.
On Thursday, announcements of additional stimulus made by the European Central Bank caused a surge of the Euro.
The Bank of England announced on Thursday that UK companies have decreased their borrowing through the COVID relief debt facility.
On Thursday, Reuters revealed that during 2020 the French sovereign debt could increase to 121% of GDP.
Data published by Statistics Canada on Thursday revealed that Canadian imports and exports had dropped in April. The news affected the Canadian Dollar's value.
General Motors is building an electric van designed for business users, Reuters reported, marking the company's joining to a rising number of carmakers planning their electric vehicles for such customers as UPS and Amazon.com.
Germany is set to force all petrol stations to provide electric vehicle charging on the back of a sweeping $146.26B economic recovery plan, bolstering electric car demand, the government said on Thursday.
General Motors is set to work closely with Contemporary Amperex Technology Ltd, China's electric car battery maker, aiming to ramp up its electric production in the Chinese market, a senior executive stated.
Amazon.com has entered the advanced talks to acquire a $2.0B worth stake in Bharti Airtel, the Indian mobile operator, according to sources familiar with the matter.