International News
US Q2 GDP drops by 32.9%
Economic activity in the US collapsed during the second quarter, even if at a marginally slower than expected pace, alongside a fall in prices.
Initial US jobless claims stable over latest week
Initial jobless claims in the US were little changed during the preceding week, but secondary claims jumped, possibly underlining the difficulty of rejoining the labour force.
Europe close: Stocks crater as dire GDP data sinks lenders' shares
Stocks across Europe reeled as investors digested data showing that German gross domestic product fell at its quickest pace on record since at least 1970 during the second quarter of 2020.
UK government extends Covid-19 self-isolation to 10 days from 7
The UK government has extended the quarantine period for anyone who tests positive or shows symptoms of having Covid-19 from 7 days to 10 days.
EU warns of syringe shortages if Covid-19 vaccine found
The European Union warned of the a potential shortages of syringes, wipes and protective gear needed for a mass Covid-19 vaccination programme and called on member states to buy the required equipment as a bloc.
Johnson & Johnson to start human safety trial for Covid-19 vaccine
Johnson & Johnson on Thursday started human safety trials for its Covid-19 vaccine after releasing potentially promising details of a study on macaque monkeys.
US pre-open: Futures point to losses ahead of GDP, jobless claims
Wall Street futures were pointing to heavy losses ahead of the bell on Thursday ahead of earnings reports from some of the biggest names in tech, a quarterly reading on US gross domestic product and another week's worth of jobless claims.
Europe midday: Losses accelerate as investors fret over epidemic's path
Losses in stockmarkets across Europe accelerated as investors digested data showing that German gross domestic product fell at its quickest pace on record since at least 1970.
Orange to reduce reliance on Huawei tech in Europe
French telecoms operator Orange said it would be reducing its reliance on Huawei tech in Europe.
Airbus aiming to staunch cash burn in 2H 2020
Airbus posted weaker-than-expected results for the second quarter as the Covid-19 pandemic led to a more than halving in revenues.
Euro area unemployment edges past forecasts in June, drops in France and Ireland
Euro area unemployment edged past forecasts last month led by increases in several of its larger economies, although in France and Ireland it fell while in Germany it remained low.
Asia report: Markets mixed as investors digest Fed decision
Markets in Asia finished in a mixed state on Thursday, as investors digested the latest policy statement from the US Federal Reserve overnight, which saw the US central bank stand pat on interest rates.
German GDP suffers worst drop in Q2 since 1970
German GDP fell by a record 10. 1% quarter-on-quarter in the second quarter as the Covid-19 crisis took its toll, according to figures released by Destatis on Thursday.
Huawei overtakes Samsung as top smartphone seller
Huawei overtook Samsung and Apple as the biggest smartphone seller in the world during the second quarter for the first time ever.