Airline group Lufthansa announced it would cancel 23K flights from 29th of March to 24th of April amid the coronavirus outbreak.
PepsiCo made the company's biggest bet in the market of energy drinks with a $3.85B deal to acquire Rockstar Energy Beverages.
On Wednesday, the World Trade Organization announced that trade in services has declined at the start of 2020.
Bloomberg revealed on Wednesday that Boeing intends to draw upon a $13.8 billion loan. The company is among those suffering from the outbreak of the coronavirus.
On Wednesday, Telefonica and TIM announced that the two companies would bid for the Brazilian carrier Oi. The announcement caused a surge of the two company's stock prices.
The United Arab Emirates revealed on Wednesday that the country would increase oil production to a record high.
On Wednesday, crude oil price benchmarks continued to fall, as the United States and Saudi Arabia announced production increases.
At the start of Wednesday's US trading, US stock indices declined, as the impact of the coronavirus continued to fuel a sell off.
Rishi Sunak, the UK Finance Minister, announced the updated growth outlook for the British economy that was on its way to expand by 1.1% in 2020 and 1.8% the next year, based on the first annual budget presented on Wednesday.
German automaker Volkswagen is considering temporary layoffs at its Spain's Navarra plant in case of the supply chain disruption triggered by the coronavirus outbreak, a VW spokesman stated.
Adidas and Puma, the German sportswear makers, stated on Wednesday that they expect a major slide in China sales amid the coronavirus outbreak.
On Wednesday, the European Central Bank's President Christine Lagarde stated that the government of the European Union should increase spending to counter the effects of the coronavirus.
On Wednesday, Fiat Chrysler stated it is likely to temporarily close some Italian factories, in response to the coronavirus outbreak that hit the country, becoming the biggest in Europe.
Business travel sector will likely to lose nearly $820B in its global revenue, with China forecasts about half of losses, as the coronavirus outbreak hit the world.
On Wednesday, Citigroup announced it had appointed Loretta Ko as a new head of the bank's financial institutions group in Hong Kong, making her return to the firm after 15-year work with Citigroup between 1989 and 2004.
Stephen Scherr, Goldman Sachs Group's Chief Financial Officer, stated the lender is open to new acquisitions, pointing to those that could accelerate its existing businesses growth.
According to construction papers, seen by Reuters on Tuesday, Tesla Inc plans to expand production capacity to make electric motors, battery packs and motor controllers at its plant in Shanghai.
According to Norway's business daily DN report on Tuesday, the Scandinavian airline is urging its staffs to take a 20% pay reduction due to the impact of the coronavirus outbreak.
According to two government sources on Tuesday, the German Chancellor Angela Merkel plans to meet with employers and officials of unions on Friday to discuss the coronavirus outbreak.
On Tuesday, major airlines around the globe fell into crisis, as the coronavirus outbreak and Italy's lockdown hit the tourism industry.
On Tuesday, Reuters reported that due to the recent drop of crude oil prices OPEC countries are losing $500 million per day.
Tesla announced on Tuesday that the company would expand its car parts production in Shanghai.
During early Tuesday's US trading hours, the Japanese Yen and Swiss Franc decline in value against the US Dollar, as risk on sentiment returned in the market.
Various US airlines announced on Tuesday that they are reducing capacity, cutting costs and would drop 2020 profit forecasts.