Pickup truck sales in China increased 35% in May, compared to the same period the previous year, data published by the China Macroeconomy Forum show.
The unemployment rate in Macao increased 0.2% to 2.4% in March-May, compared to the previous three months, the Statistics and Census Service reports.
Due to the recent insolvency of German payment processor Wirecard, a subsidiary of German KfW - Ipex Bank, is exposed to $112M losses from an unhedged loan.
A board member of the European Central Bank asserted the additional $1.5B government bond-buying program to be necessary, despite the criticism from Germany Constitutional Court.
Global e-commerce giant Amazon together with Japanese SoftBank discussed the possible purchase of Ozon, the Russia online retailer.
The Central Bank of Indonesia stated on Saturday that it was ready to finance budget deficit and the government to combat the impact of coronavirus pandemic.
The Polish mobile operator Play Communications stated on Saturday that it could sell part of its network infrastructure.
General Motors on Friday filed an appeal to the Sixth Circuit Court of Appeals to continue litigation with Fiat Chrysler Automobiles NV.
The World Bank stated on Saturday that it had approved issuance of a $700M loan to Colombia to boost economy after coronavirus pandemic.
Carlyle Group Inc announced on Saturday that it had acquired a 20% stake in Piramal Pharma worth $490M.
Telegram Group agreed to return $1.2B to investors and pay an $18.5M civil penalty to resolve charges on an unregistered digital token coin offering, the US SEC stated..
Austria's sensor producer AMS is poised to receive the green light from the EU for acquisition of German lighting group Osram, three sources said.
Assicurazioni Generali SpA approached Brightsphere Investment Group over a potential acquisition of the US asset management company.
Frence's drugmaker Sanofi, which employs 100K people worldwide, confirmed that it will slash up to 1,680 positions in Europe to diminish costs and lift profits.
After Friday meeting, the European Union officials stated US tourists are likely to remain banned to enter the bloc following July 1.
Despite an 8.2% rise in consumer spending in May, the personal income diminished 4.2% due to the rise in unemployment and is expected to drop further.
Due to the rise of coronavirus cases in the US and China on Friday, Brent and WTI prices declined, despite the previous gains.
Microsoft Corp announced to close physical retail stores to switch the company's focus to digital channels. Employees of current retail stores to be assigned to different roles.
On Friday, the world's biggest footwear manufacturer Nike Inc notified about their plans to cut jobs after reporting a $790M loss in the first quarter of 2020.
After a disastrous collapse of the German payment processor Wirecard, the European Union has started to investigate BaFin's adequacy.
SoftBank claimed on Friday it would sue the accounting company EY for its role in the Wirecard scandal, according to the news magazine Der Spiegel's report.
Sanofi is exploring to slash more than1,6K jobs in Europe, as France's drugmaker seeks to cut costs to its staff representatives, according to Reuters.
Chief Executives of the major US airlines will hold a meeting this Friday over coronavirus-related travel issues, such as a push to reassure the federal government that temperature checks are necessary for passengers.
On Friday, the PG&E Corporation announced that it had raised $5.5 billion via a share offering and equity sale.