Six member states of the East African Community lost around $4.8B in international tourism income amid the COVID-19 pandemic in 2020, a study shows.
The German carmaker Volkswagen plans to invest €14B in decarbonization by 2025, the chief executive officer of the Volkswagen Passenger Cars says.
The purchasing managers' index for China's non-manufacturing sector declined to 54.9 in April from 56.3 in March, the National Bureau of Statistics reports.
South Korea's industrial output expanded for two consecutive months in March, data published by the Statistics Korea show.
Italy approved a post-pandemic recovery plan worth €222B, a statement published by Prime Minister Mario Draghi's cabinet shows.
Turkey approved the emergency use of Russia's Sputnik V COVID-19 vaccine, the Turkish Health Minister Fahrettin Koca says.
Turkey's tourism revenue declined 40.2% in the first quarter of 2021, compared to the same period in 2020, the Turkish Statistical Institute reports.
The economy of Portugal contracted 5.4% in the first quarter of 2021, compared to the same period in 2020, data published by the National Statistics Institute show.
On Friday, Exxon Mobil reported it had beaten Wall Street's quarterly earnings expectations, driven by the rebound in oil prices and robust chemicals margins.
Gojek, the Indonesian ride-hailing company, is planning a shift to electric cars and motorcycles on its platform by 2030 via partnerships with favourable leasing arrangements and producers.
Bain Capital, the US private equity company, stated it had raised as much as $11.8B from employees and outside investors for its North American latest flagship buyout fund.
Chevron reported its Q1 profit plunged as much as 29% compared with last year's same period, as gains from gas and oil prices weakened by lower refining margins and output losses.
On Friday, the UK cybersecurity company Darktrace's shares surged in its London market debut, 38% above the IPO price, valuing the firm at £1.7B.
Alibaba Group Holding froze the top executives' pay rises for the current year and granted junior employees with larger salary increases instead amid China's curbs on big tech.
Margrethe Vestager, the European Union's antitrust chief, is set to conduct a news conference on Friday at 11:00 GMT, where she will charge the tech giant Apple for anti-competitive practices.
Gilead Sciences reported its Q1 product sales soared 16%, including $1.46B in sales of Remdesivir, the company's COVID-19 antiviral drug, but warned the sales of its hepatitis C and HIV drugs were down amid the pandemic.
Ford Motors' shares tumbled over 10% on Thursday, following the report that the global chip shortage could potentially trim its Q2 vehicle production in half.
General Motors is planning to start making electric cars in Mexico from 2023 as part of its $1.0B investment, the US automaker announced.
Twitter's shares plunged 9% in after-trade hours on Thursday on its lukewarm revenue outlook for the Q2 and warned of surging costs and expenses, marking potential user growth decline in the current year.
Amazon.com reported the largest profit ever, with the company's sales rising as well, boosted by consumer spendings during the pandemic, while shares surged as much as 4% after the US trading session ended.
On Thursday, the S&P 500 reached its intraday record high, driven by Facebook's gains following the social media giant's robust earnings report.
Shares of Ford Motor declined above 10% on Thursday, following its warning about the global semiconductor chip shortage, which would cut its Q2 vehicle production in half.
Salesforce.com Inc announced that supplier contracts will require partner companies to set carbon-reduction goals and deliver services and products on a carbon-neutral basis.
The New York Times reported that Microsoft is set to slash its charges for developers of video games for using its online store starting from August.