The Commerce Department stated that the US trade deficit rose 11.6% to $44.4B last month, as the coronavirus outbreak affected the flow of goods and services.
Sinch, the provider of cloud computing services, announced that it is set to buy SAP Digital Interconnect in a €225M deal, which will increase its presence in the US.
Hong Kong's retail sales declined 42% year-over-year in March, the 14th month of decrease in succession, government data revealed.
The UK sales of new cars plunged 97% year-on-year in April to the lowest level since February 1946, as dealerships and factories shut amid the coronavirus outbreak.
On Tuesday, Lenovo Group announced it had launched a server platform fitted with the Advanced Micro Devices data centre chips that allow it to handle heavy computing tasks.
On Tuesday, Orca Security, Israel's cloud security start-up, stated it had raised $20M in a round of funding conducted by GGV Capital with Silicon Valley CISO Investments and YL Ventures participation.
German luxury fashion house Hugo Boss was hopeful of its Chinese and online sales to rebound, but sees the coronavirus crisis to hit before any recovery takes effect after its Q1 sales plunged by 17%, knocking its shares.
Microsoft is set to invest $1.0B in Poland on the back of its project that involves a data centre opening, as the tech giant seeks to provide the country's government institutions and businesses with its cloud services.
On Tuesday, global stock indices recovered, as they stopped a three consecutive trading session loss streak.
BNP Paribas reported its Q1 profit plunged by 33.1% amid the coronavirus crisis that hit its equity trading, as well as prompted the Euro zone's largest bank to commit over €500M in loan provisions.
United Airlines Holdings is set to slash at least 3,4K of its administrative and management positions in October 2020 as the pandemic is hitting air travel demand harder, according to files seen by Reuters.
Wizz Air, the Hungarian low-cost airline, reported its passenger numbers tumbled 98% last month from the same period in 2019 as the coronavirus crisis the aviation industry across Europe.
Apple launched a new version of MacBook Pro, saying the updated model has modified keyboards after the laptop line faced criticism over typing-related issues, while also said about more storage and boosted performance.
News Corp revealed on Monday that it had chosen Almar Latour as the new CEO of Dow Jones.
On Monday, Reuters published a report, which revealed how central banks have continued to buy assets.
Robinhood Markets announced on Monday that it had raised almost $280 million in a new funding round.
On Monday, it was revealed by Reuters that investments into US money markets have been increasing throughout April despite a rebound in stock prices.
On Monday, Uber Technologies' Careem unit said it had trimmed 536 job positions this week, representing as much as 31% of the company's workforce.
China's smartphone maker Xiaomi announced on Monday it would launch a new e-commerce service in India as soon as this week, seeking to boost sales during the lockdown, with the majority of customers being stuck at home.
On Monday, the luxury sports automaker Ferrari stated it had trimmed this year's core profit forecast amid disruption caused by the COVID-19 pandemic, adding the crisis would mainly hit its Q2 results.
Apple has launched a new version of MacBook Pro on Monday, saying the updated model has modified keyboards after the laptop line faced criticism over typing-related issues, while also said about more storage and boosted performance.
Volkswagen-owned Czech automaker Skoda Auto reported on Monday a 25% fall in its Q1 operating profit, adding it expects the biggest hit to come in the next quarter, blaming the coronavirus outbreak.
Lufthansa is hopeful to secure the bailout soon, after concluding talks with Germany's government, the airline informed staff in its official letter, adding that the company is also exploring such alternatives as creditor protection.
On Monday, General Electric announced its plans to slash its global aviation workforce by 25% in 2020, including involuntary and voluntary layoffs amid business disruptions triggered by the coronavirus pandemic.