The German industrial production outlook plummeted to minus 20.8 points in March from 2.0 points in February, a survey conducted by the Ifo Institute shows.
A total of 152 major projects worth $62.4B were signed in Shanghai as the city ramps up efforts to attract new investment and increase growth.
The We Company board's special committee has filed an official lawsuit on Tuesday against SoftBank Group, its biggest shareholder, challenging the decision to drop a $3.0B worth tender offer.
On Tuesday, Exxon Mobil Corp announced it would reduce its capital spending by 30% in 2020 amid plunging oil prices and energy demand, caused by the coronavirus crisis.
The EU finance ministers are likely to agree on economic aid worth half a trillion euros to help Europe recover after the coronavirus pandemic.
Germany's carmaker Volkswagen is planning to resume its operations at its Navarra plant in Spain on April 20, following its shutdown in mid-March amid the coronavirus outbreak.
During Tuesday's European trading hours, crude oil price benchmarks surged by more than three percent, as they were consolidating after a previous sharp drop.
On Tuesday, Samsung Electronics reported its Q1 operating profit likely recovered from a drop in the prior year, as the company's solid chip sales softened the blow from coronavirus on TVs and smartphones.
UK's housing market has been put on hold amid the government's coronavirus lockdown, complicating price changes calculation, Halifax said on Tuesday.
Fiat Chrysler and PSA Group are looking into possibilities to boost their cash reserves before the planned merger deal, after car sales of both carmakers were hit by the coronavirus pandemic.
Boeing is planning to suspend its 787 jet production at the South Carolina plant due to the coronavirus outbreak, the planemaker said.
The private-equity companies Sixth Street Partners and Silver Lake are set to make a $1.0B investment in Airbnb, the US home rental firm, through a combination of equity and debt.
Apple's key supplier Foxconn said its sales fell by 7.7% in March, reporting the revenues of T$347.7B dollar ($11.51B), tumbling from T$376.6B from the same month last year.
International Business Machines has hired Howard Boville, the former Chief Technology Officer of Bank of America as a new head of IBM's cloud business, succeeding Arvind Krishna, who will replace Ginni Rometty.
On Monday, US stocks rose higher with all the major indexes surging by at least 7% amid a drop in the New York daily death toll, the largest coronavirus hot spot in the United States.
Apple's key supplier Foxconn said its sales fell by 7.7% in March, reporting the revenues of T$347.7B dollar ($11.51B), tumbling from T$376.6B from the same month last year.
Halliburton, the oilfield services company, is slashing about 350 jobs in Oklahoma, as oil bust deepens due to the coronavirus spread and Russia-Saudi Arabia's price war.
Cemex, the Mexican cement company, will shut its operations until April 30, with a possible extension of this period, due to the global coronavirus outbreak, the firm announced on Monday.
The US insurer Allstate is planning to return over $600M in car insurance premiums to their customers as the majority of Americans is staying home due to the coronavirus outbreak.
International Business Machines has hired Howard Boville, the former Chief Technology Officer of Bank of America as a new head of IBM's cloud business, succeeding Arvind Krishna, who will replace Ginni Rometty.
On Monday, Zoom shares plunged as much as 9% amid video conferencing app's battle over privacy concerns and rising competition from its rivals.
Britain is committed to continuing talks with the EU bloc on their relationship in the future, Prime Minister Boris Johnson's spokesman said on Monday.
The UK drugmaker GlaxoSmithKline is planning to make a $250M investment in Vir Biotechnology and cooperate over the development of treatments for the COVID-19 disease, both companies stated on Monday.
Norwegian Air's passenger capacity plunged by 60% year-over-year last month as the airline was forced to ground its planes due to the coronavirus outbreak and efforts to stop spreading the virus.