The German economy contracted 9.7% in the second quarter of 2020, compared to the same period the previous year, the Federal Statistical Office Destatis reports.
UK retailers have trimmed jobs by the most since the 2009 financial crisis, expecting the losses pace to accelerate more and marking a sharp surge in the country's unemployment.
Apple is planning to launch its first India online store in September, as the company currently sells the products via third-party vendors, according to Bloomberg News' report seen on Tuesday.
Qantas Airways is planning to lay off up to 2.5K more employees by outsourcing its ground handling operations in Australia to reduce costs in the face of $7.17B revenue hit.
On Tuesday, Finnair announced that the company would lay off almost 1,000 employees, which amounts to 15% of the company's workforce.
Aveva Group, the UK industrial software provider, will acquire the SoftBank-backed unit OSIsoft in a deal worth $5.0B, seeking for the expansion of its services by using the PI system.
Zim, the Israeli shipping company, is exploring an option of an IPO on foreign exchange, likely in New York or London, according to the local media outlet Globes' report.
France's luxury goods titan LVMH and the US jewellery chain Tiffany are set to prolong their deal deadline by three more months before completing their $16.2B tie-up, Reuters reported.
Tesco, Britain's biggest supermarket, will add 16K more permanent job positions to back the rapid growth in the company's online business, considering an increase in the job numbers on boosted sales.
Blackstone Group is planning a sale of around 40% stake in limited partnership of Cheniere Energy, the LNG producer, in a deal with Brookfield Infrastructure.
Shares of Salesforce.com,Honeywell International and Amgen each rose over 3% in Monday's extended trade after the announcement that the companies were set to join the Dow Jones Industrial Average.
Delta Air Lines is planning to furlough more than 1,900 pilots in October, the US carrier stated in a memo, noting the fallout caused by the coronavirus pandemic and tumbling air travel demand.
Apple Inc is set to reopen some of its US stores closed for several weeks amid the COVID-19 cases resurgence, according to a Bloomberg News report.
China Pacific Insurance, a Chinese insurance company, reported a decline in net income of 12% in the first six months of 2020, compared to the same period the prior year.
The Australian tourism industry lost around $4.02B in the first three months of 2020 amid the coronavirus outbreak, official data show.
Turkey expects to welcome 15M tourists in 2020 and generate over $11B in revenue, a statement published by the Turkish Culture and Tourism Minister Mehmet Nuri Ersoy shows.
Bank of China signed a strategic partnership deal with Alibaba and Ant Financial, previously known as Alipay, to promote closer cooperation and exchange of technologies.
Thailand's exports declined 11.37% to $18.8B and imports fell 26.38% to $15.47B in July, data published by the Thai Ministry of Commerce show.
The British retailer Tesco plans to create 16,000 new jobs to support the development of online sales, a statement published by the company shows.
The investment bank unit of Barclays appointed JPMorgan's executive, Manuel Esteve, as a new director of its Europe's equity capital markets, the lender announced on Monday.
Germany's KBA, the motor vehicle authority, has launched an investigation into Porsche AG over alleged petrol engines manipulations to achieve better emissions data.
On Monday, the British biggest supermarket Tesco announced it would add 16K more permanent jobs in a boost of its online business, adding it could even raise the number of job positions due to rapidly growing sales.
On Monday, Takeda Pharmaceutical is planning a sale of its Japan consumer healthcare unit, valued at $2.29B, to Blackstone Group.
Facebook has agreed on paying €104M in taxes in France, including a penalty, according to Capital, the French financial magazine.