International News
Uber accelerates move into public transit with Routematch acquisition
Ride-hailing giant Uber snatched up software developer Routematch for an undisclosed sum as it branches out into the software-as-a-service space.
Russian hackers linked to attempt to steal Covid-19 research
Computer hackers widely-believed to be linked to Russian intelligence services have been accused of trying to steal other countries research into a Covid-19 vaccine.
European court strikes down EU-US data sharing deal
The main agreement companies use to transfer data between Europe and the US has been ruled invalid by the European Union’s highest court over surveillance fears.
US retail sales move back into the black for the year in June
American consumers continued to splash out at a much faster than expected pace last month.
Philly Fed index dips in July, but by less than expected
A key gauge of manufacturing in the US mid-Atlantic region slipped in July, but by less than anticipated and some of the details of the report were stronger than those for the prior month.
Initial US jobless claims little changed
Initial jobless claims in the US were little changed over the preceding week, hinting at the growing toll that moves to dial-back on the reopening the economy were taking on the country's labour market.
Eurozone trade surplus rebounds sharply from April
The Eurozone trade balance rebounded sharply in May, as lockdown measures around the world started to ease, official data from the European Union showed on Thursday.
ECB keeps policy steady, all eyes on Lagarde's presser
Rate-setters at the European Central Bank kept all their main policy settings unchanged.
Nissan planning to cut production by almost a third
Nissan is planning to cut vehicle production globally by almost a third, it emerged on Thursday, as the carmaker faced a fall in demand for its products amid the Covid-19 pandemic.
US pre-open: Futures point to losses following Asian sell-off
Wall Street futures had stocks opening lower ahead of the bell on Thursday following a drop in Asian indices overnight.
Airbnb back on track for IPO after management changes
Airbnb CEO Brian Chesky said on Wednesday in an email to employees that the company’s IPO plans are being revived after a management shake-up.
Bank of America profit halves as bad debt charge mounts
Bank of America's second-quarter profit more than halved as the lender set aside $5. 1bn (£4. 1bn) for bad debts in preparation for the impact of the Covid-19 on the US economy.
Asia report: Markets finish weaker as China GDP beats forecasts
Markets in Asia were weaker across the board on Thursday, with equities in mainland China leading the losses, even after fresh growth data there beat expectations.
China continues criticism of UK over Huawei ban
China hit back again at the UK over the "discriminatory" decision to bar Huawei from the country's 5G network as the controversy between the two countries ran on.
Chinese economy bounces back in second quarter
China’s economy bounced back in the second quarter after taking a hit from the coronavirus pandemic, according to figures released by the National Bureau of Statistics on Thursday.