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Global shares pared losses on Friday while oil prices reversed course and edged higher as fears of fresh lockdowns of economies to combat the coronavirus faded.

Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing. 

U.S. stock index futures surged about 2% on Friday, pointing to a quick rebound for Wall Street from its biggest one-day dive in about three months on fears of a resurgence in coronnavirus infections.

New U.S. solar installations will increase by a third this year, a report published on Thursday showed, as soaring demand by utilities for carbon-free power more than outweighs a dramatic decline in rooftop system orders for homes and businesses due to the coronavirus pandemic.

Battered by lockdowns and movement restrictions in the coronavirus pandemic, ride-hailers around the world are cutting jobs and pay, and slashing other costs. In Southeast Asia, the pandemic has raised doubts whether the ride-hailing firms can maintain their promise of improving the lives of millions of poor.

Indonesian motorcycle taxi driver Aji chain-smokes and checks his smartphone constantly while waiting for orders by the roadside in downtown Jakarta on a hot June morning, but is staring at the prospect of another fruitless day.

Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could take years to heal from the pandemic even as businesses resume hiring workers.

Finnish telecoms network maker Nokia said on Thursday it has appointed Marco Wiren as chief financial officer following changes of its chairman and chief executive this year.

Asian shares swung lower on Thursday while bonds rallied after a downbeat economic outlook from the U.S. Federal Reserve stoked speculation it would have to add to already historic levels of stimulus to underpin a recovery.

Britain's Heathrow Airport, which before the coronavirus pandemic was the busiest in Europe, said it had started a voluntary redundancy scheme after passenger numbers fell to an all-time low and it could not rule out further job losses.

China's auto sales in May rose 14.5% from the same month a year earlier, industry data showed on Thursday, the second consecutive month of increase as the world's biggest vehicle market recovers from lows hit during coronavirus lockdowns.

The market for COVID-19 antibody tests is red-hot. It has ballooned in a matter of months as hundreds of products flood the world for people who want to find out whether they've already had the virus.

Asian shares retreated on Thursday as a gloomy outlook from the U.S. Federal Reserve challenged market optimism on the global economy, while bonds rallied on speculation that yet more stimulus would be needed to ensure recovery.

Finnish telecoms equipment maker Nokia named a new finance chief on Thursday, completing an overhaul of its top executive team as it battles rivals Ericsson and Huawei [HWT.UL] for work on lucrative 5G networks.

E-commerce companies Amazon Inc and eBay Inc have been instructed by the U.S. Environmental Protection Agency (EPA) to stop selling unproven or unsafe disinfectants, including products falsely marketed as killing COVID-19, on their platforms, Bloomberg reported https://bloom.bg/3fcuLg5 on Thursday.