Nasdaq News

The European Union proposed quick fixes on Friday for companies to raise funds faster as they recover from the COVID-19 crisis, leaving Britain to decide whether to follow suit.

Switzerland's top law enforcement official committed several breaches of his official duties and lied to investigators while his office examined alleged corruption surrounding soccer governing body FIFA, a federal court said on Friday.

The number of outright failures of U.S. small businesses in the first months of the coronavirus pandemic was comparatively modest, but the months ahead look far grimmer as cash balances dwindle, federal help expires, and the disease surges back.

EU countries must take urgent action to diversify their 5G suppliers, the European Commission said on Friday, amid U.S. pressure on Europe to follow Britain and ban China's Huawei from its 5G network.

A much-anticipated deep dive into antitrust allegations against four of America's largest tech companies and recommendations on how to tame their market power could be released by late summer or early fall from the House of Representatives Judiciary Committee's antitrust panel, senior committee aides said.

Transport for London (TfL) said it needed up to 300 million pounds ($382 million) more than it initially estimated to keep running services for the rest of the year after passenger numbers plunged, and called on the government to provide it with the extra support.

Euro zone business activity grew in July for the first time since the coronavirus pandemic hit, as more parts of the economy that were locked down to curtail its spread reopened and people emerged from their homes to work and spend money.

U.S. investment bank Goldman Sachs has reached a settlement agreement with the Malaysian government over the multi-billion dollar 1MDB scandal, three sources familiar with the matter told Reuters.

Britain's markets watchdog said it was proposing to extend temporary relief measures to help insurance customers facing difficulties due to the coronavirus pandemic until the end of October.

Liverpool's Premier League title winning captain Jordan Henderson was named England's Footballer of the Year on Friday in the annual vote of the Football Writers' Association (FWA).

Central European stocks tracked global markets lower on Friday as tensions between the United States and China escalated, denting asset gains in the region after a landmark European Union economic deal.

Animal tests of a potential COVID-19 vaccine being developed by Chinese researchers show it triggers an immune response against the novel coronavirus, offering some promise as it goes into early-stage human trials, according to a peer-reviewed study.

The number of daily passenger flights in China has rebounded to 80% of pre-coronavirus levels, China's aviation regulator said on Friday, as the aviation industry recovers from the plunge in travel demand caused by the COVID-19 pandemic.

Global shares skidded further from five-month peaks on Friday as a bounce back in European business activity did little to ease the jitters surrounding Sino-U.S. tensions, while gold approached a record high.

British businesses experienced the fastest upturn in five years during July as more of the economy reopened from the coronavirus lockdown, a closely-watched survey showed on Friday.

The pound slipped in early London trading on Friday and data pointing to a recovery in British retail sales did little to support it, as investors focused on the lack of progress in trade talks with the European Union.

Thai shares led a slide in emerging Asian markets on Friday as a bigger-than-expected drop in June exports added to the impact on sentiment across the region from the diplomatic spat between China and the United States.

London-listed shares fell on Friday as a batch of mixed quarterly earnings updates and souring U.S.-China relations dulled optimism about a post-pandemic economic recovery, with education firm Pearson sliding after posting a first-half loss.

When Rachel Holdsworth recently developed a fever, she went online and looked up the location of the nearest government coronavirus testing centre. It was an hour away by foot. So she ordered a home test kit through the National Health Service.

Turkey's economy is expected to contract this year for the first time in more than a decade as the coronavirus pandemic and related restrictions hit demand, but will bounce back next year, according to a Reuters poll published on Friday.