The Cyprus economy is expected to contract 6.9% in 2020 amid the coronavirus pandemic, a statement published by the Research Center of the University of Cyprus shows.
Israel's finance ministry agreed to finance 80% of a $400M bailout for the country's El Al airline, a statement published by the ministry shows.
The Turkish unemployment rate declined 1.1% to 13.6% in February, compared to the same period the previous year, data published by the Turkish Statistical Institute shows.
The US hotel operator Marriott's new income fell to $31M in the Q1, missing already lowered forecasts, as bookings plunged amid coronavirus-led travel restrictions.
Toyota Motor is set to cut production in North America by nearly 29% through October amid the coronavirus crisis.
Air France-KLM's Duch subsidiary KLM announced that all the passengers on its flights are required to bring their own face masks starting this Monday.
On Monday, Nissan Motor, the Japanese automaker, reported its China sales in April grew 1.1% from the prior year to 122,846 car units, as the world's largest auto market has recovered from the coronavirus.
According to Veem's survey, 81 of small US businesses are expecting the coronavirus crisis to affect their services and operations over the following 12-16 months, while nearly 90% brace for an economic slump.
The European Union antitrust regulators are set to decide on the Fiat Chrysler and PSA Group's $50B merger deal by June 17, according to European Commission's filing published on Monday.
On Monday, Toshiba Corp is expecting its operating profit for the financial year of over 130B yen, roughly in line with its previous forecast of 140B yen, due to a limited impact seen from the COVID-19 outbreak.
Sony suspended its China's PlayStation Store as it is seeking to boost its online store's security, temporarily preventing itself from game selling in the biggest video game market in the world.
Sweden's Ericsson is set to raise its 2025 outlook for 5G subscriptions to about 2.8B from 2.6B seen previously due to the impact of the coronavirus outbreak, the company stated on Monday.
On Monday, the Japanese telecom company SoftBank Corp stated it is expecting its full-year operating profit to climb 0.9% to $8.6B.
The Trump Administration has entered talks with the semiconductor firm, Intel Corp and TSMC, about constructing chip plants in the United States, both chipmakers stated.
The People's Bank of China announced on Sunday that it would step up its monetary policy measures to support the economy.
The Turkish BDDK banking regulators may lift the Lira transaction ban on Citibank, BNP Paribas and UBS. Turkey's Anadolu news agency reported on Sunday.
On Sunday, Emirates Airline announced that it would tap banks to raise debt in the Q1 to reduce the impact on cash flows, due to the coronavirus pandemic.
Yasutoshi Nishimura, Japan's Economy Minister, announced on Sunday that the government is planning to ease the COVID-19 lockdown in some areas ahead of the May 31 deadline.
The Economy Minister of Italy Roberto Gualtieri revealed on Sunday that the Italian government would give companies tax incentives and participate in the issue of hybrid bonds.
On Sunday, it was revealed that Zambia is looking to loan funds from the International Monetary Fund.
The Finance Minister of Israel Moshe Kahlon on Sunday met with officials of the El Al Israel Airlines to discuss a recovery plan.
The central bank of China announced on Sunday that it could increase its monetary easing measures.
On Sunday, the Australian government raised concerns about China considering setting tariffs on Australian barley.
The Turkish government announced on Sunday that it could lift transaction bans set on foreign banks.