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Twilio Inc shares surged 32% to a record high after the cloud communication provider's quarterly results and forecast smashed Wall Street estimates on increased demand from telehealth and education companies amid widespread lockdowns.

Kohl's Corp said on Thursday it plans to reopen a quarter of its stores by next week, as retailers start to get business going again in states where coronavirus-induced lockdown restrictions have eased.

Lufthansa on Thursday said it is negotiating a 9 billion euro ($9.71 billion) "stabilisation package" with Germany's Federal Economic Stabilization Fund, confirming an earlier Reuters report.

Consumer demand for cars could begin to recover this month in the United States after steep declines due to the coronavirus pandemic, but the hard-hit travel and dining industries will likely continue to face difficult times, according to a major U.S. advertising agency.

U.S. stocks jumped at the open on Wednesday after a surprise rise in Chinese exports and a surge in oil prices spurred hopes of a faster economic recovery, taking the sting off another gloomy weekly jobless claims report.

World shares largely shook off data on Thursday showing millions more Americans sought unemployment benefits, with sentiment sustained by stronger than expected Chinese exports.

Motorcycle maker Harley-Davidson Inc on Thursday named Jochen Zeitz as chief executive officer. Zeitz has served as acting president and CEO of the company since February 2020.

Wall Street's main indexes were set to open sharply higher on Thursday after a surprise rise in Chinese exports and a surge in oil prices spurred hopes of an economic recovery, taking the sting off another gloomy weekly jobless claims report.

Retailers selling fashion online are emerging as the winners of the coronavirus crisis as consumers are staying home even as stores start to reopen, results from major companies showed on Thursday.

Wall Street analysts looked past a surprisingly shaky first quarter for payment processors PayPal Holdings Inc and Square Inc hoping that the shift towards more online buying will see their businesses surge this year.

World shares rose on Thursday after Chinese exports proved far stronger than even bulls had imagined, while bond investors were still daunted by the staggering amount of U.S. debt set to be sold and a tussle over European Central Bank bond buying.

Millions more Americans sought unemployment benefits last week, suggesting layoffs broadened from consumer-facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen.

British aero-engine maker Rolls-Royce signalled on Thursday it expects to cut some of its workforce, after reports that it was considering cutting up to 8,000 jobs to weather a global aerospace sector slump.

Millions more Americans likely sought unemployment benefits last week, suggesting a broadening of layoffs from consumer facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen.

Britain's biggest telecoms group BT suspended its dividend and said it would spend billions more on faster fibre broadband connections, as it prepares to meet the challenge posed by the merger of two of its biggest rivals.

U.S. stock index futures jumped on Thursday after a surprise rise in Chinese exports and a surge in oil prices spurred hopes of an economic recovery, even as investors braced for what is likely to be another gloomy weekly jobless claims report.

JetBlue Airways Corp on Thursday posted a $268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and revised its order book with Airbus SE to save $1.1 billion in aircraft spending through 2022.

GlaxoSmithKline has sold its stake in Unilever's Indian business for $3.4 billion, marking India's largest block trade, which will help the British company in its goal of reinvigorating its drug development pipeline.

Apple Inc said on Thursday that it was awarding $10 million to a maker of nasal swabs and other materials for collecting samples for Covid-19 tests in a move aimed at boosting the swab maker's production to 1 million collection kits per week by early July.

The United States said there was "no valid basis" for the European Union to retaliate against U.S. goods in a long-running subsidy row after Boeing lost state tax breaks, but the EU said it was pressing ahead with its demand for tariffs.