Europe's economy shrank by 11.9% in the second quarter as the coronavirus pandemic plunged the region into a deep recession.

Huawei Technologies' founder Ren Zhengfei's global ambitions are marked in bricks and mortar at a new company campus in southern China, where the buildings are replicas from European cities.

"There's a $1,200 check coming, that's going to be part of the new package," White House economic advisor Larry Kudlow said in an interview on CNN.

Corporate America is downsizing its real estate footprint as companies allow more employees to work from home, a growing threat to the bottom line of owners of traditional office buildings and a sign that companies are looking for ways to cut costs as a result of the coronavirus pandemic.

Tesla will build its newest Gigafactory near Austin, Texas, Chief Executive Elon Musk announced during the company's earnings call on Wednesday.

After almost five days of fraught discussions, European leaders have agreed to create a $858 billion recovery fund to rebuild EU economies ravaged by the coronavirus crisis.

Already carbon neutral today for corporate emissions worldwide, the company plans to bring its entire carbon footprint to net zero 20 years sooner than IPCC targets

Banks could experience "far more damage" to their balance sheets when stimulus measures that are keeping many businesses afloat are rolled back, said Piyush Gupta, group CEO of Singaporean lender DBS.

Tesla shares have risen by more than 500% in the past 12 months, and as the ticket to ride the erstwhile rocket ship gets ever-pricier, interest is surging in new competitors that might be "the next Tesla."

Companies that relocated operations from mainland China to avoid tariffs have seen the purpose of that move 'totally defeated'

The biggest US banks are setting aside billions of dollars to deal with toxic loans as support from the government falls off in the months ahead, a sign that some of the worst economic damage from the pandemic is still to come.

China reported that the country's economy grew by 3.2% in the second quarter of the year, compared to a year ago.

A big step forward in reducing harmful emissions from diesel engines

China's imports in June rose for the first time since the coronavirus crisis paralysed the economy, as government stimulus stoked demand for commodities, while exports, fuelled by medical goods, also rose in a sign the recovery is gaining traction.

A Covid-19 vaccine developed by the biotechnology company Moderna in partnership with the National Institutes of Health has been found to induce immune responses in all of the volunteers who received it in a Phase 1 study.

The cash will be doled out over the next five-to-seven years.

Singapore's economy slipped into recession in the second quarter, contracting by a record 41.2% from the previous three months and is facing its biggest slump ever this year as coronavirus lockdown steps hammer the trade-reliant city-state.

Companies around the world will take on as much as $1 trillion of new debt in 2020, as they try to shore up their finances against the coronavirus, a new study of 900 top firms has estimated.

WeRide, a Chinese autonomous vehicle startup, said on Friday it has become the first autonomous company to start fully driverless vehicle testing in China, as the world's biggest auto market accelerates development of autonomous technologies.

The Fenix 6S gets an extra day and a half of life with the built-in solar panel.

Huang waits by a workbench for the welder to pass the next metal tray. There's only a handful of staff in the factory. Half the building is in darkness.

South Korea's LG Chem plans to start producing batteries for Tesla vehicles at a domestic factory this year after the U.S. electric carmaker raised orders to cope with demand, a person familiar with the matter said on Friday.

Scientists around the world are racing to develop Covid-19 vaccines and there's news almost daily about steps forward -- this week, there was "encouraging" preliminary data for some vaccine candidates and word from top health officials that the United States could be on track to have a vaccine by the end of the year.

Elon Musk's electric car business exceeds the value of almost every company in the S&P 500, including some iconic American companies.

It has been a rough quarter for the US economy, with the country plunging into a pandemic-fueled recession. Yet the stock market is alive and kicking - in fact, it's having its best quarter in more than 20 years.

SK Group, South Korea's third-largest conglomerate, said Tuesday it has secured a stake in a chipmaking unit of China's largest electric vehicle (EV) producer BYD.

India reported more than 11,000 new cases of infection as of 8 a.m. local time on June 14, government data showed.

Japan's Mitsubishi Electric said on Thursday it would buy part of a plant in western Japan from Sharp to meet growing demand for power management chips used in electric vehicles (EVs).

That's over the course of its lifetime, not per charge.

Taiwan Semiconductor Manufacturing Company has agreed to build an advanced chip factory in the United States, in a response to the Trump administration's growing concerns about the security of the global electronics supply chain and its competitive tensions with China, according to people briefed on the plans.

The world's second largest economy contracted 6.8% in the first quarter of 2020 compared to a year earlier, according to government statistics released Friday.

The Corning Incorporated Foundation has established a COVID-19 Unity Response Fund in partnership with the United Way of the Southern Tier, the Triangle Fund, and the Community Foundation of Elmira-Corning and the Finger Lakes to support organizations that provide vital human services across the tri-county region during this public health crisis.

Vint Cerf, vice president of research at Google and one of the main creators of the Internet, has tweeted that he tested positive for coronavirus. He also recommended people watch an HBO segment from comedian John Oliver about preventative steps that the US needs to take.

What if every window in your house could generate electricity? One Redwood City, California-based startup thinks its technology can achieve that by transforming the way solar power is collected and harnessed.

President Donald Trump says he wants the nation "opened up and just raring to go by Easter" - a date just more than two weeks away that few health experts believe will be sufficient in containing the spread of coronavirus.

California has issued a "stay at home" order to residents as it tries to stem the march of the coronavirus across the most populous US state. Governor Gavin Newsom earlier estimated more than half of the 40 million people in his state would contract Covid-19 in just the next two months.

San Francisco Bay area officials unveiled Monday what might be the most aggressive and restrictive measures in the country yet to curb the spread of the coronavirus. All residents of six Bay Area counties, including San Francisco, Santa Clara, San Mateo, Marin, Contra Costa and Alameda, have been asked to remain home as much as possible.

US President Donald Trump has said the nationwide coronavirus emergency could last until the end of the summer or even longer. He said Americans over the next 15 days should not gather in groups of more than 10 and avoid bars, restaurants, food courts, gyms and crowds.

US President Donald Trump has announced sweeping new travel restrictions on Europe in a bid to combat the spread of the coronavirus: all travel from Europe will be suspended for 30 days.

Too bad there's only one.