Japan is set to bolster special financing for mid-size and small companies hit by the coronavirus outbreak to $15.6B, Reuters reported on Monday.
On Monday, Apple revealed that it had sold less than 500,000 new smartphones in China in February. In February 2019, the company sold 1.27 million smartphones.
Nissan Motor's vehicle sales in China, the carmaker's largest market, tumbled 80% to 15,111 units in February due to the coronavirus outbreak that sapped demand, the Japanese firm said on Monday.
Goldman Sachs trimmed its Q2 and Q3 forecasts for Brent price to $30 per barrel due to the Russia-Saudi Arabia oil price war and a major collapse in demand for crude oil amid the coronavirus outbreak that has claimed lives of over 3,500 people globally.
Charoen Pokphand Group is set to acquire up to 86.9% of the British retailer Tesco's Thai business and 100% of its business in Malaysia in a deal worth $10.6B.
Cathay Pacific Airways stated on Monday that its flights to Japan would be limited to cargo delivery only because of the outbreak of coronavirus.
Crude oil prices plummeted by $13.29 or 32% on Monday morning, reaching $27.99 a barrel, as Saudi Arabia announced plans of substantial production increase next month amid coronavirus.
Rishi Sunak, the newly appointed Britain's Chancellor of the Exchequer, said that he is looking for ways to relax spending limit due to the coronavirus outbreak.
On Sunday, a spokesperson for the European Central Bank said that the bank has ordered most of its employees to work remotely from home on March 9.
Hamad Al-Sheikh, the Education Minister of Saudi Arabia, announced on Sunday the temporary shutdown of schools, universities and other public institutions amid the outbreak of coronavirus.
The Turkish President Tayyip Erdogan is planning to visit Brussels tomorrow and have a meeting at the European Council devoted to bilateral relations between the block and Turkey.
The US trade deficit narrowed 6.7% to $45.3B in January as imports declined faster than exports, a report published by the Commerce Department shows.
China's steel sector contracted in February as market demand deteriorated amid the outbreak of coronavirus, the China Federation of Logistics and Purchasing reports.
China's oil and petrochemical sector has shown revenue growth despite a decline in net profit, the China Petroleum and Chemical Industry Federation reports.
The Egyptian President Abdel-Fattah al-Sisi and the Chairman of Sudan's Sovereign Council Abdel Fattah al-Burhan have agreed to improve bilateral relations.
Israel and the US plan to invest a total of around $30M in several energy R&D projects, a statement published by the Israeli Ministry of Energy shows.
The Liberian Minister of Foreign Affairs Gbehzohngar Findley and his Moroccan counterpart Nasser Bourita have agreed to strengthen bilateral relations.
IranAir has suspended all flights to Europe until further notice, the IRNA news outlet announced on Sunday, potentially due to the coronavirus outbreak in the country.
IKEA, the world's largest furniture brand, announced it was reopening nine Chinese stores this weekend, following a massive shutdown of all of its 30 stores in China in January amid the coronavirus outbreak.
The Prime Minister of Israel Benjamin Netanyahu announced on Sunday that the government would establish a $1.2B fund that would help local companies to overcome the consequences of coronavirus.
Uber Technologies stated on Saturday it would offer compensation to its employees diagnosed with coronavirus or those who were placed in quarantine for two weeks.
According to the Sunday Telegraph, the British Minister of Finance Rishi Sunak was considering changes to budget regulations in order to increase spending.
Britain is seen to announce soon a levy on banks and companies, seeking to raise about £100M to tackle money laundering, the government stated on Saturday.
LyondellBasell Industries, the chemical and plastics company, announced it had inked "definitive agreements" with Liaoning Bora Enterprise Group, the Chinese refiner, on a $2.6B joint venture aiming to produce petrochemicals in the Asian country.