Italy's gross domestic product will decline by about 9.5% in 2020, the Italian Central Bank announced on Friday.
On Friday, the Belarusian President Alexander Lukashenko said that private sectors should pay workers higher minimum wage.
Crude oil prices remained stable on Friday, the Brent crude was up by 0.02%, to $42.36 per barrel at 13:38 GMT, while the US West Texas Intermediate crude surged by 0.1%, to $39.66 a barrel.
On Friday, global equity markets edged lower, as concerns over a record surge in coronavirus cases in the United States outweighed improving economic number in the US and Europe.
On Friday, Wall Street's main indexes opened flat, the Dow Jones Industrial declined by 0.06% at the open, while the S&P 500 opened higher by 0.42 points.
The US Federal Reserve purchased an additional $1.33B worth of bonds from Ford Motor, Walt Disney, Apple and other companies as part of the Fed's bond-buying plan.
The major US airline struggles to find funds for the ordered 737 MAX airplanes and menaces to cancel the order if Boeing doesn't aid to secure financing.
AliExpress Russia stated it was estimating its annual turnover to become $10B by 2022-2023, $4B up from analysts' expectations for about $6B now.
US unemployment benefits fell to a nearly four-month low the previous week; however, a record 32.9M people were collecting jobless checks in June's third week, supporting estimates for the labour market's slow recovery after the coronavirus.
Uber agreed to pay a fine worth $3.8M in Denmark in its settlement of breaching the local taxi law, according to the Danish police.
The EU antitrust regulators will pass their verdict on Alstom's bid to acquire Bombardier's transport business by July 31, after France's TGV high-speed train manufacturer offered an asset sale to address the competition concerns.
On Friday, the President of the European Council Charles Michel announced a plan for the European Union's long term recovery.
On Friday, China's electric vehicle battery maker CATL said that Japan's Honda would acquire shares from the company with the intention to jointly develop batteries for electric vehicles.
Muji's US division has sought the Chapter 11 bankruptcy protection, after the coronavirus pandemic hit the minimalist lifestyle brand hard, its owner Ryohin Keikaku announced on Friday.
Telecom Italia excluded Huawei Technologies from the 5G core equipment tender that TIM is preparing to establish in Brasil and Italy amid security threat concerns.
The British retailers face further 5000 job losses after Boots and John Lewis announced on Thursday that they had to close stores to survive.
According to sources with knowledge of the matter, the US cryptocurrency exchange Coinbase Inc has commenced plans for a landmark stock market listing.
According to the Bloomberg Law report published on Thursday, Wells Fargo & Co is planning to eliminate thousands of jobs.
The Sudanese transitional Prime Minister Abdalla Hamdok has replaced the foreign, energy and finance ministers, the government announced on Thursday.
The courier sector in China handled around 240M parcels every day in the second quarter of 2020, the same level as in 2019, data published by the State Post Bureau show.
The Italian public debt will increase to 155.7% of GDP in 2020 from 134.8% of GDP in 2019, a report published by the Bank of Italy shows.
The Bulgarian Industrial Production Index declined by 16.1% in May, compared to the same period the previous year, the country's National Statistics Institute reports.
The US tech giant Google plans to invest more than $900M in transformation of Italian small and large businesses, the Google CEO Sundar Pichai says.
The British pharmacy chain Boots plans to cut around 4,000 jobs and close 48 stores amid the coronavirus pandemic, a statement published by the company shows.