The UK government confirmed it was scaling back its coronavirus job retention scheme with businesses having to meet 20% of their wage bill for furloughed workers by October.
Russia's largest lender has opened a commodities trading company in Switzerland focused on oil, base metals and bulk commodities.
Consumer confidence in the US steadied in May but uncertainty about the future course of the pandemic continued to cloud the outlook as did expectations for a sharp rise in prices, the results of one of the most closely-followed surveys revealed.
The European Commission proposed setting up a €15bn fund to invest in strategic companies that have been especially affected by the coronavirus crisis.
Business activity levels in the Chicago area continued to shrink in May, dropping at their quickest pace since March 1982, led by a drop in new orders amid lockdowns.
Personal incomes in the US shot higher last month as government transfers to contain the fallout from the pandemic kicked-in.
Eurozone inflation fell to a near four-year low in May as energy prices slid, according to figures released by Eurostat on Friday.
A key lead indicator for US home sales registered its largest ever recorded drop last month, albeit amid signs that a bottom might now be in place.
Firings in the US continued at a furious pace during the past week, albeit at a moderately slower pace, and hirings picked up.
Orders in the US for goods made to last more than three years fell sharply in April, with weakness especially evident in demand for transport equipment.
More than 75 travel industry firms have called on the UK government to scrap plans to force visitors to forcibly quarantine visitors on arrival.
Eurozone economic sentiment ticked higher in May, according to figures released by the European Commission on Thursday.
Around 56% of US parents have had to go into debt in these past few months in order to cope with the economic fallout of the coronavirus crisis, a survey found.
AT&T’s Warner Media plans to release an ad-supported version of the HBO Max streaming service in 2021.
Brussels will propose a €750bn reconstruction fund on Wednesday evening financed through jointly-issued debt, the majority of which will be disbursed as grants.
In a blog post, Google and Alphabet CEO Sundar Pichai wrote about company plans to return some of its workforce to its offices.
Global energy investment was set to plunge by a record $400bn this year due to the coronavirus pandemic, threatening the security of future supply and moves to cleaner alternatives, the International Energy Agency said on Wednesday.
Research into Covid-19 infections in Italy found that 96% of fatalities suffered from pre-existing medical conditions.
The World Health Organization on Monday decided to temporarily suspended its trial of hydroxychloroquine to combat the deadly coronavirus over safety concerns.
UN officials said they will meet with over a dozen world leaders on Thursday to discuss shoring up financial support for developing countries struggling with the coronavirus pandemic.