Germany's industry output declined 9.2% in March, the fastest fall on record, as demand for goods decreased markedly.
Harley-Davidson Inc, the famous motorcycle maker, has appointed Jochen Zeitz as its Chief Executive Officer on Thursday, after Zeitz serving as the company's acting CEO and the president since February 2020.
On Thursday, Wall Street's major indexes have been set to jump after a surprise climb in China's exports and a rise in oil prices gave hope for an economic recovery.
On Thursday, Apple Inc announced it had awarded $10M to COPAN Diagnostics, the nasal swabs maker, aiming to boost COPAN's production of kits for collecting Covid-19 tests samples to 1M per week by the start of July.
On Thursday, PayPal Holdings Inc stated it was expecting a robust recovery in its Q2 payments volumes amid surging demand for online shopping, despite lockdowns started to ease, raising firm's shares 8% in the extended trading.
Global food prices fell sharply for the third month in succession in April, tumbled by the logistical and economic impact of the COVID-19 pandemic, according to the United Nations food agency's data.
On Thursday, the Bank of England stated that it is expecting the biggest UK economic decline experienced during the last 300 years.
Anheuser-Busch InBev, the biggest beer maker in the world, posted a decline in its Q1 profit as the coronavirus lockdowns curbed drinking, adding that the next quarter was expected "materially worse".
T-Mobile US reported it beat the estimates for its monthly bill paying subscribers in the Q1 on a surging demand for the cheaper phone services during the coronavirus lockdowns.
China's exports rose 3.5% on a yearly basis in April, confounding expectations for a fall, as factory production recovered after the coronavirus pandemic, while imports dropped 14.2%.
IHS Markit's final Composite PMI for the Euro zone plummeted to the lowest level on record 13.6 in April from March's 29.7, suggesting that business activity almost ground to a halt.
Geely Automobile Holdings announced that it sold 105.46K vehicles in April, 2% increase from the same period in 2019, as the auto market recovered from the coronavirus crisis.
Saudi Aramco is expected to finalise a $10B loan with group of 10 banks, as the oil major was seeking for cash due to record low prices of oil.
Private companies in the US cut 20.2M jobs in April amid the coronavirus pandemic, US payroll data company Automatic Data Processing reports.
The number of international travellers declined by 64.3% in March, compared to the same period the prior year, the Spanish Statistical Office reports.
The Polish economy is expected to contract 4.25% in 2020 amid the COVID-19 pandemic, a report published the European Commission states.
Greece raised €812.5M in a sale of short term treasury bills, a statement published by the country's Public Debt Management Agency shows.
The euro area economy faces a historic contraction of 7.75% in 2020 amid the coronavirus pandemic, a statement published by the European Commission shows.
The Asian Development Bank approved a second loan of $170M to support vital capital market reforms in Bangladesh, a statement published by the bank shows.
Electronic Arts Inc estimates its full-year adjusted revenue to top Wall Street expectations amid rising demand for video games during global lockdown caused by the coronavirus outbreak, the video game publisher stated.
On Wednesday, Bolt, the Estonian ride-sharing service, has revealed its own new electric scooter, saying it is planning a scooter service launch in over 45 cities in summer 2020.
Federal Reserve policymakers stated the US economy was likely to start recovering in 2020 H2 after the coronavirus crisis hit, but added that growth could be uneven and slow.
On Wednesday, the South Korean carmaker Hyundai Motor reported its preliminary April sales dropped 57% over the year to 159,079 cars globally, tumbled by the coronavirus pandemic.
During Wednesday's GMT trading hours, the Euro declined in value, as worries were brought up by the German government about ECB bond buying.