TikTok must become a "U.S. based company controlled by U.S. investors" or will be banned in the United States, Treasury Secretary Steven Mnuchin said Wednesday.

"Flying taxis" will start taking off from an aerodrome north of Paris as soon as next June, operators said, in a trial ahead of a vast tourist influx for the 2024 Olympics.

Spain's public debt soared in the second quarter to its highest level in at least 20 years as government spending rose sharply in an effort to tame the coronavirus pandemic, official figures showed Wednesday. 

Britain's economy shrank by a record 19.8 percent in the second quarter, entering recession on the coronavirus lockdown, but the contraction was less severe than first thought, official data showed Wednesday. 

Former IMF chief Rodrigo Rato and all other defendants put on trial on accusations of fraud and falsifying the books in the 2011 stock listing of Spain's Bankia bank were acquitted on Tuesday.

German car giant Volkswagen on Monday announced a fresh 15 billion euro ($17.5 billion) splurge on China's vast electric vehicle potential.

France launched a free-spending budget plan on Monday, saying a fresh spike in new Covid-19 cases justified its unprecedented loosening of the purse strings.

Global markets surged higher Monday as bargain-seekers moved in following sell-offs triggered by virus spikes and the return of some economically damaging containment measures.

Uber on Monday won a London court appeal, allowing the U.S. ride-hailing giant to operate in the capital for the next 18 months, after a judge ruled it was a "fit and proper" firm despite safety concerns.

Asian markets rose Friday on bargain-buying after another torrid week for investors, who are growing increasingly concerned about US lawmakers' failure to even hold talks on a new stimulus and surging virus infections that are prompting fresh containment measures.