The UK economy shrank by 20.4% in April, compared to March reading of 6%, as all sectors were hit by the COVID-19 lockdown.
TikTok's parent company ByteDance reported it had more than tripled the US staff in the past year, raising the number of employees to over 1K from 300.
Chris Cox, Facebook's ex-Chief Product Officer, is coming back to the company, following his last-year leave after the CEO Mark Zuckerberg had unveiled a plan to transform the social media giant into the encryption-focused messaging firm.
Nestle is considering a possible partial sale of the water business in North America, including its Pure Life unit, as the food titan is shifting focus to brands that are better performing.
Calin Rovinescu, Air Canada's CEO, has called on Canada's government to ease travel restrictions, citing the negative impact the curbs have on the company's sales.
Zoom Video Communications denied to provide the Chinese government with any meeting content or user information, it stated on Thursday.
Palantir Technologies is planning to go public in the following weeks, encouraged by the other IPOS strong performance, according to sources familiar with the situation.
Moncler announced that it reached an agreement with France's Interparfums to start selling perfumes, seeking to diversify its brand and lessen impact of the crisis.
Spain's Santander bank announced that it would hire 3K IT professionals in 2020 to improve efficiency and support digital transformation.
The California Public Utilities Commission said on Thursday that Lyft Inc and Uber Technologies drivers would be considered employees.
The Hungarian Prime Minister Viktor Orban stated on Thursday that Hungary could accept the EU's recovery plan with conditions.
On Thursday, the Pentagon said in a statement that the United States plans to offer $250M in security aid to Ukraine.
Wall Street's main indexes edged lower on Thursday. The Dow Jones Industrial fell by 707.48 points, at the open, while the S&P 500 was down by 2.76%.
On Thursday, a Reuters poll revealed that the central bank of Brazil is expected to keep its base interest rate at 2.25%.
Japan's Mitsubishi Electric is set to acquire part of Sharp Corp's plant located in western Japan, as the company aims to meet the rising demand for EV power management chips.
Tesla has received the China government's green light to build its Model 3 cars in the mainland equipped with LFP batteries, Reuters reported on Thursday citing the MIIT document.
The e-commerce giants eBay and Amazon have been obliged by the US EPA to stop the sale of unsafe or unproven disinfectants and other products falsely-claimed as defeating the COVID-19 virus.
During Thursday's European trading hours, the US Dollar recovered from three-month low levels, as the Federal Reserve did not announce an increase of stimulus on Wednesday.
The US lawmaker bipartisan group proposed over $22.8B in aid to the semiconductor industry, seeking to boost the chip factories construction in America.
China's car sales surged as much as 14.5% in May from the prior year's same month, marking the second straight month of a rise, as the world's largest vehicle market is recovering from the coronavirus crisis.
Tesla Inc's stock surged above $1.0K per share after the CEO Elon Musk stated the company was ready to bring its Tesla Semi truck to the high-volume production.
On Thursday, Virgin Australia stated it was set to double its domestic flight capacity by the start of July amid growing demand and easing of border restrictions.
The RICS reported that the gauge of British house prices hit the lowest level in 10 years in May, with headline price balance slumping to -32%.
Chinese e-commerce retailer JD.com reached the share price of HK$226 each and raised nearly $3.87B in Hong Kong secondary listing.