Commodities
Week ahead: UK GDP, EU leaders' summit, US earnings in focus
The focus over the coming week will be on reports covering gross domestic product and the labour market in May.
BioNTech chief expects to file for approval of Covid-19 vaccine towards end 2020
The head of German biotechnology outfit BioNTech thinks that his company will be file for regulatory approval of its Covid-19 vaccine before the end of 2020.
Gilead Sciences's Remdesivir may cut Covid-19 risk of death by 62%
Gilead Sciences's Remdesivir antiviral treatment for the novel coronavirus may cut the risk of death by nearly two-thirds.
Drop in food costs weighs on US producer prices in June
Producer prices in the US continued retreating last month amid sharp drops in the cost of food and in retailers' margins.
US's Biden calls for end of era of 'shareholder capitalism'
The Democratic Party's presumptive nominee vowed on Thursday to "put an end" to an era "shareholder capitalism", saying that the days of Amazon not paying federal taxes were numbered.
IEA increases 2020 oil demand forecast but maintains Covid-19 concerns
The International Energy Agency (IEA) raised its 2020 oil demand forecast on Friday but warned the spread of Covid-19 was still a concern and could change the outlook.
IMF calls for 'equity-like' government support for firms
The International Monetary Fund chief economist Gita Gopinath called for governments to start “equity-like” support for firms affected by the coronavirus.
US jobless claims fall more than expected
Weekly jobless claims in the US fell more than expected last week, according to figures released on Thursday.
China industrial deflation eases in June
China's manufacturing sector reported tentative signs of recovery in June, despite the ongoing impact of the Covid-19 pandemic on demand, official data showed on Thursday.
German trade surplus improves but progress slow
Germany's trade surplus improved as expected in May but exports remained well below pre-Covid-19 levels as large trading partners continued with restrictions on economic activity.
Gold hits 2011 highs above $1,800/oz.
Gold prices have broken fresh records, despite a recent rally in equities, amid ongoing concerns about the long-term economic impact of the Covid-19 pandemic and the prospect of rising inflation.
EU court reduces Infineon fine to €76.87m
Europe’s second top court cut German company Infineon Technologies antitrust fine on Wednesday from €82. 78m to €76. 87m.
Global experts to discuss challenge of 'fake news' at 2020 Cyber Polygon
Leading experts will meet to discuss the challenges posed by increasingly sophisticated 'fake news' at the 2020 edition of Cyber Polygon.
UK imposes sanctions on Russians and Saudis over 'blood money' laundering
Britain imposed sanctions on 25 Russians and 20 Saudis on Monday as part of post-Brexit measures that were aimed at cracking down on the laundering of “blood money”.
Coca Cola HBC appoints Naya Kalogeraki as COO
Coca-Cola HBC AG named Naya Kalogeraki to the newly-created role at the firm of chief operating officer.
US job openings comfortably ahead of forecasts in May, survey shows
Job openings in the US continued to recover in May but remained far below their year earlier levels, the results of a widely-followed survey revealed.
OECD says UK unemployment could peak near 15%
Unemployment in the UK could reach almost 15% by the end of 2020 if the economy is hit by a second wave of Covid-19, the Organisation for Economic Cooperation and Development warned.
Gambling charity calls for UK banks to improve card blocking systems
An anti-gambling charity called on banks to improve their card blocking systems to try to aid those with gambling problems after data emerged that 40% of current accounts offer no help in such cases.
European Commission slashes 2020 economic forecasts
Brussels has slashed its economic forecasts and warned that the European Union will suffer a deeper-than-expected recession because of the Covid-19 crisis.
Top Fed official warns US recovery could stall - report
A top Federal Reserve official has warned the US economic revival could stall because of the recent increase in Covid-19 infections in large southern and western states.
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