Microsoft has confirmed that it is continuing talks to purchase the U.S. operations of TikTok. HSBC sees profits plunge amid protests in Hong Kong. And, two years after a deadly bridge collapse in Genoa, the Italian city has a replacement.
The dollar is set for its biggest monthly decline in a decade. Analysis finds that Black and Latino workers are having their state unemployment claims rejected at disproportionately higher rates. And, the fight to save bananas from extinction.
The eurozone saw its largest contraction on record with declines of more than 10% each in Germany, France, Italy and Spain. Life after lockdown for a restaurant group in Lithuania. Airlines worry travel restrictions are stifling passenger demand.
Amazon’s big step to build out a network of satellites to provide high-speed internet. A Yale study finds expanded jobless benefits are not the reason people haven’t returned to work. And, the state of the hotel industry right now.
In the second quarter, GDP contracted at an annual rate of nearly 33%. Regionally, economic activity declined far more in areas reliant on sectors like manufacturing and tourism. Plus, how Quebec is trying to help local businesses stay afloat.
Democrats and Republicans appear no closer to reaching a deal on a COVID-19 relief bill. What does Fed Chair Jerome Powell think about that? Strong second-quarter earnings expected for Amazon. What utility PG&E can expect from a deal with Tesla.
Germany saw a large drop-off in consumer spending and in its vital export sector. China’s Huawei takes Samsung’s crown as the world’s biggest smartphone seller. Kenya’s flower industry starts to blossom again.
Chip Somodevilla, Matt Winkelmeyer, Justin Sullivan/Getty Images
Four CEOs of Big Tech companies testify before Congress. Investors consider second-quarter earnings from GM, Boeing and more. And, you’ll be able to watch Universal Pictures movies at home sooner after their releases thanks to a new deal with AMC.
People of color are almost twice as likely as white people to be worried about paying for care if they get COVID-19, a new study shows. The pandemic’s effects on big automakers. And, former Deadspin staffers start a new company.
The French government has launched a crisis distillation scheme to deal with an oversupply of wine. Turkey has new social media laws. Saudi Arabia expects major losses with fewer people at the Muslim hajj pilgrimage.
