This archive report was first published on 7 May 2020.
As the world continues to grapple with the economic impact of COVID-19, several key developments have emerged in the global markets.
According to the US Department of Labor, initial jobless claims have reached a staggering 33.5 million over the past seven weeks, with a significant drop of 677,000 to 3.17 million during the week ending May 1.
Meanwhile, oil prices have surged during Thursday's trading session, following Saudi Arabia's decision to increase June crude selling prices across all regions.
Chinese media has reported that Tesla's planned resumption of production on May 6 has been delayed due to supply chain disruptions caused by the pandemic. The company is now expected to resume assembly on May 9.
Zoom Video Communications has made headlines with the acquisition of encryption and security startup Keybase, further solidifying its position as a leading player in the video conferencing space.
