The US State Department announced on Friday that the United States and Russia would discuss arms control in Austria next week.
According to sources with knowledge of the matter, Toshiba Corp plans to sell its shares in Kioxia Holdings.
Tesla would postpone its annual meeting of shareholders due to the COVID-19 restrictions, Tesla's CEO Elon Musk tweeted late on Friday.
The US Department of Transportation has rejected the request made by China's airlines for additional passenger service flights between the two nations.
Argentina has extended the deadline for $65B debt restructuring negotiations to July 24, after talks with lenders stalled.
The major player in the oil shipping sector is switching from tanker ownership to tanker management as demand for oil is expected to decline in the following year.
Britain Chancellor Rishi Sunak claimed to soften the social distancing regulations in the UK to support the businesses suffering from the restrictions. The final decision is expected next week.
After the plunge of its market value caused by the missing $2.1B, the German financial services giant Wirecard engaged Houlihan Lokey to come up with a new financing plan.
The President of Bundesbank Jens Weidmann stated the German economy has passed the major downturns caused by the coronavirus pandemic and expects gradual recovery.
To aid the European Union economies to recover from the coronavirus-caused turbulences, the EU could become a major debt issuer to finance the €750B recovery plan.
The US Federal Reserve noted on Friday that post-pandemic economic recovery might not happen as fast as expected.
The US Commerce Department reported on Friday that current account deficit dropped 0.1% to $104.2B.
The Russian President Vladimir Putin expressed concern on Saturday over arrangements with the US in light of the massive protests across the country.
The US President Donald Trump is expected to hold a rally with his supporters in Oklahoma today.
The US President Donald Trump indicated on Friday that he still wanted to end the so-called Dreamers immigration program despite the Supreme Court ruling.
The New Development Bank (NDB) issued on Saturday a $1B loan to South Africa to help the country to ease the impact of coronavirus pandemic.
The US and Russian representatives are expected to meet in Austria next week to discuss arms control.
Elon Musk wrote in Twitter on Friday that Tesla would postpone its annual meeting of shareholders because of restrictions caused by the coronavirus pandemic.
According to sources familiar with the matter, Toshiba Corp plans to slowly get rid of its stake in Kioxia Holdings after the latter makes an IPO.
The German discount grocery chains Lidl and Aldi would focus their attention on home delivery and curbside pick-up services.
Timotheus Hoettges, the CEO of the German telecom giant Deutsche Telekom, said that the company would keep control of the US operator T-Mobile if Softbank sells its stake.
According to sources with knowledge of the matter, Piraeus Bank has appointed UBS and JPMorgan to auction off $7.8B of bad loans.
On Friday, the Turkish Central Bank announced that the first usage of the Chinese Yuan funding under the swap agreement signed with the People's Bank of China.
According to data released by Statistics Canada on Friday, Canada's retail sales declined by 26.4% in April.