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Consumer spending declined 7.5 percent in March, the US Commerce Department reported Thursday. It was the sharpest monthly drop since 1959. Consumer spending represents about two-thirds of the US economy and the drop pulled the economy down.

Counting of votes for India's 17th general elections began Thursday morning across the country, officials said.

Consulting firm McKinsey based in the United States said in a report: "Companies that wish to provide electric vehicle fleet operators with charging services will need to look beyond existing business models. It may require an investor or a well-capitalized business to combine multiple entities into one with all the right capabilities, or complementary businesses to join forces in a partnership."

Copper, also considered at indicator of economic activity because it is used extensively in electrical products and construction, fell 0.75 percent.

Consumption has increased due to the greater convenience created by the robust e-commerce industry, but more purchases mean more waste, said Long in a signed article published on the official website of the World Economic Forum.