American Express, the credit card issuer, posted an 85% plunge in its quarterly profit after setting aside about $628M amid potential flood of defaults triggered by the coronavirus-led layoffs.
Intel's shares dropped as much as 15% after the American chipmaker signalled it is likely to give up producing its own components due to falling far behind the schedule for the development of its newest technology.
Swiss elevator maker Schindler is planning to cut 2K jobs in two years after it reported a 21% drop in its Q2 net profit to 188M Swiss francs ($203.27M), Reuters reported.
Shares of the cinema operators AMC and Cineworld dropped on Friday, as Disney suspended the "Mulan" release, another Hollywood tentpole that was pushed back due to theatres remaining largely closed because of the COVID-19 crisis.
Dutch court suspended a planned merger between Mediaset, the Italian top commercial broadcaster, and its Spanish division under the Dutch holding entity, sources familiar with the issue reported on Friday.
On Friday, the President of Mexico Andres Manuel Lopez Obrador stated the country had cut 27K formal job positions in July amid the global coronavirus crisis.
Schlumberger, the oilfield services giant, revealed on Friday it was planning deeper cost cuts, following a report about $3.7B charge as well as a second consecutive quarterly loss due to major layoffs and pipeline outage.
On Friday, Verizon Communications beat forecasts for its Q2 revenue and profit results, boosted by strong demand for the company's internet and phone services during the coronavirus lockdowns.
The Invesco Dynamic Pharmaceuticals ETF dipped 1.7% on Friday after the US President Donald Trump signed orders intended to reduce drug prices.
The US financial services corporation American Express reported an 85% drop in quarterly profits, based on their Q2 2020 report published on Friday.
Russia's Prime Minister Mikhail Mishustin stated on Friday the country would resume its international flights from Moscow, St Petersburg and Rostov-on-Don on August 1.
On Friday, the British media company Sky announced it would partner with TVSquared, the TV measurement company, to provide advertisers with a tracking tool, allowing them to see whether ads lead to website visits and sales.
The Portuguese government unveiled a plan to boost its exports to ease the impact from the COVID-19 pandemic, setting a goal to increase exports to 53% of GDP by 2030 from 44% in the prior year.
During Friday's European trading hours, global stock indices declined, as a retracement from five month peaks was taking place.
The world's second-largest mobile operator Vodafone announced on Friday that it was planning the Frankfurt listing for its mast business, named Vantage Towers, in early 2021.
International Airlines Group stated on Friday that American Express sought to pay it £750M to resume their partnership by boosting the airline's finances.
Twitter Inc posted the highest-ever annual growth of its users who can see ads, topping analysts' expectations on usage as well as sending the company's shares up 4%.
Elon Musk's SpaceX is in talks to attract new capital at the $44B valuation, but the round is unlikely to be completed during the nearest time, according to a Bloomberg News report.
On Friday, crude oil price benchmarks rose, as the US Dollar almost reached a two-year low level.
During Friday's Asian trading hours, the Euro traded at a 21-month high level against the US Dollar.
On Friday, it was revealed that the CEOs of the four biggest tech companies were preparing for a hearing at the US Congress about their growing power.
During early Fridays trading hours the value of the Japanese Yen surged against the US Dollar, as the markets were overtaken by a run to safety.
Consumer prices in Canada increased 0.7% in June, compared to the same period the previous year, data published by the Statistics Canada show.
The German chemicals group Covestro announced a net loss of €52M in the second quarter of 2020, a statement published by the company shows.