Household spending in Japan grew at the fastest rate in four years of 4.0% in May, indicating improving domestic demand, which is likely to offer support for the economy facing rising external pressure.
The member of the European Central Bank Governing Council Olli Rehn stated on Thursday that the bank must provide more stimulus, as the Euro Zone's slowdown was no longer temporary.
According to sources familiar with the matter, the Competition Commission of India has started an investigation over price collusion between France's Mersen SA and local Assam Carbon Products.
William Hill stated on Thursday that it would close nearly 30% of its betting stores in the United Kingdom because of decrease of the maximum stake on certain gaming terminals.
European start-up Dott secured $34M in new fundraising led by existing investors South Africa's Naspers and EQT to launch an e-bike hiring business and roll out electric scooters' new generations.
India announce don Thursday that it needs $330B in investments in the next decade to power the country's renewable energy capacity, though coal is still likely to remain central to electricity generation.
Justin Amash, the US Representative, announced on Thursday he was resigning from the Republican Party, adding that politicians had become less loyal to the American people in comparison with their parties.
Illycaffe, Italy's premium coffee maker, is open to signing a strategic partnership with the aim to accelerate the retail network growth, as well as to a potential minority stake sale, its Chairman Andrea Illy stated on Thursday.
Uniper, the German energy group, clinched a deal over the sale of its French distribution and power generation businesses to EPH, the Central EU energy group, following an approval granted by the government of France.
On Thursday, the upper chamber of the Australian Parliament has supported a $110B tax cut plan over the upcoming decade.
Two German car producers, BMW and Daimler, stated on Thursday that their specialists would start jointly developing automated driving technology.
But Malu Dreyer, one of the heads of the German Social Democrats (SPD), stated on Thursday that the party would not leave the ruling coalition because of Ursula von der Leyen's appointment as the head of the European Commission.
Petroleo Brasileiro, Brazil's state-run oil company, has launched a non-binding phase for its Polo Reconcavo onshore gas and oil cluster's sale in Bahia, the firm announced on Wednesday.
The social media giant Facebook confirmed that Wednesday's issues that appeared across its platforms, including Instagram and Whatsapp, preventing the users from sending or uploading media had been completely resolved.
On Wednesday, Germany's lighting group Osram announced its supervisory board is set for a meeting to consider a takeover bid worth $3.8B made by the private equity groups Bain and Carlyle.
Australia's competition regulator stated that it is suing the local unit of Samsung Electronics Co, alleging that the company misled consumers by promoting Galaxy smartphones as water resistant.
Germany's lighting group Osram stated that the company' supervisory board is set to meet to review an offer of binding from private equity companies Carlyle and Bain to buy the company for $3.8B, sending shares up 11.5%.
The Australian conservative government was set to secure the required support to pass $110B worth tax cuts in the next decade in a fillip to the economy, which is threatening to stall.
The Agriculture Minister of Canada Marie-Claude Bibeau presented on Wednesday a plan designed to convince Chinese colleagues on the security of its meat export system.
Crude oil prices renewed the surge on Wednesday in anticipation of the US Independence Day, reaching $57.30 a barrel.
Larry Kudlow, Donald Trump's Economic Adviser, stated on Wednesday that trade talks between two biggest economies, the US and China, would continue next week.
New orders for the US-made goods decreased 0.7% for a second month in succession in May, affected by weakening demand for transportation equipment, the Commerce Department stated.
The US trade deficit grew 8.4% to $55.5B, the the highest level in five months, in May, as goods' imports increased, likely as businesses restocked before higher tariffs on China's merchandise, eclipsing a broad increase in exports.
Deutsche Bank is expecting its major restructuring to cost about $5.6B, following the CEO Christian Sewing pledge of "tough cutbacks" to the company's shareholders after the lender failed to agree on the merger with its rival Commerzbank.