Retail sales in Japan plunged at the fastest pace since 2015 in October as a hike tax induced consumers to trim their spending, raising concerns over the domestic demand's strength.
Roberto Cavalli, the Italian fashion house, has been acquired by Dubai's Damac chairman Hussain Sajwani on Thursday; a deal that rescued the Italian company and ended its long sale process.
Peugeot owner PSA Group is preparing for a 50% stake sale in its joint venture with Chongqing Changan Automotive, the carmaker's Chinese partner, a spokesman for PSA stated.
Banco do Brasil, the Brazilian state-controlled lender, is expecting its profits to grow 10% in 2020, compared to the current year, its CFO Carlos Hamilton Araujo stated during the Thursday's meeting with analysts.
Esquerra Republicana de Catalunya, the Catalan separatist party, and Spain's Socialists have set another meeting for December 3 to continue talks over new government formation, seeking to finally break the deadlock.
Facebook stated it is trying to restore access after the central software systems' issues caused an outage in some of the company's apps, such as Instagram, during the Thanksgiving Day holiday.
Net migration to the UK declined to the lowest level since 2013 over the year to June, driven by pre-Brexit decrease in the arrival of EU citizens moving for work.
Japan's retail sales dropped 7.1% in October from the prior year, affected by weak demand for items such as household appliances, cars and clothing.
German yearly inflation grew slightly 1.2% in November, though remained well below the ECB target level for the seventh month in succession.
Dubai's biggest bank, Emirates NBD cut more than 400 jobs since October, as banks in the UAE reduce their costs due to slower economic growth.
India's economy is expected to expand at the weakest pace in six years of 4.7% in the September quarter, as private investment and consumer demand weakened further.
Euro zone's economic sentiment rose than expected to 101.3 points in November, owing to more optimism in the main services sector.
On Thursday, media outlets reported that the GBP has been reacting to UK election polls. Meanwhile, Dukascopy Analysts discovered the opposite. A possible Brexit agreement surge on 17.10. has been followed by poll adjustments.
On Thursday, the Russian anti-monopoly watchdog stated it had postponed the approval of the joint venture between Royal Dutch Shell and Gazprom Neft due to technical reasons.
The Russian largest lender Sberbank is teaming up with Cognitive Technologies, the AI transport developer, in a driverless car technology venture, both firms reported on Thursday.
On Thursday, Denmark's shipping group Maersk announced it is set to lay off its staff at the Danish main offices, as well as in other countries, amid major cost cuts planned by the company.
On Thursday, the Policymaker of the European Central Bank Francois Villeroy de Galhau stated that countries like Germany should promote growth in the region.
Nissan Motor is launching a new high-tech production system all over the world, seeking to boost efficiency as the Japanese carmaker aims at reversing a slide in its profitability.
Germany's second-biggest sugar refiner Nordzucker announced its plans to return to profit in 2020 and 2021 after a cost overhaul, seeking for further expansion in Europe.
On Thursday, Panasonic Corp announced it was exploring a sale of its loss-making semiconductor business to the Taiwanese firm Nuvoton Technology, as Japan-based electronics company struggles to bolster profits due to lack of growth drivers.
Tata Steel Europe stated that it begun talks with workers over a transformation program, which involves up to 3K job cuts, prompting angry response from leaders of the union.
Deere & Co warned of declining profits in 2020 after report of the fall in quarterly earnings affected by trade tensions and slowing equipment purchases by farmers.
Lone Star entered exclusive talks to acquire BASF's construction chemicals unit as Germany's chemicals firm is aiming at more profitable operations, according to Reuters.
On Wednesday, NATO has awarded Boeing $1.0B deal to upgrade its AWACS reconnaissance plane fleet; a contract that showed the transatlantic cooperation's strength days ahead of the London alliance summit.