The economy of Morocco is expected to shrink by 2% in 2020, a statement published by the European Bank for Reconstruction and Development (EBRD) shows.
Qatar Airways has entered talks with Boeing and Airbus to postpone its plane orders for a couple of years, the CEO of the Middle East's biggest airline stated on Wednesday.
Amazon is planning to prolong the shutdown of its six warehouses located in France until May 18, after they were closed due to the coronavirus pandemic.
The United States posted a record $738B budget deficit last month, tumbled by government's spending and revenues shrinking caused by the coronavirus pandemic.
Razer Inc, the gaming hardware maker, is planning to roll out the face mask vending machines in Singapore, after they became compulsory to wear in public.
On Wednesday, Tencent Holdings reported a 26% jump in its Q1 revenue, driving by higher demand for the Chinese gaming group's video games during the lockdowns caused by the coronavirus outbreak.
Uber Technologies has entered negotiations to acquire Grubhub Inc, the online food delivery firm, in an all-stock deal, sending Grubhub's shares up 13.6% to $60.39, while Uber's stock closed up 2.4% at $32.40.
On Wednesday, Aston Martin reported a $119M pretax loss in the Q1 after sales plunged by about a third, as the coronavirus hit sales of the carmaker.
Mitsubishi Heavy Industries has cut the development budget for the Japanese first regional jet M90 SpaceJet by half due to squeezed profits amid the coronavirus crisis.
On Wednesday, Japan's Sony Corp reported its Q4 operating profit fell as much a s 57%, while the company declined to provide the 2020 outlook amid uncertainty related to the COVID-19 outbreak.
Vodafone Group announced on Tuesday that its annual core earnings came in line with the expectations of a 2.6% increase, as the company maintained its full-year dividend at 7.91 pence per share.
According to the Bloomberg News report, published on Tuesday, Uber Technologies has approached the food delivery service GrubHub Inc with a takeover offer.
The US Labor Department reported on Tuesday that the consumer price index fell by 0.8% in April, the largest decline since December 2008.
On Tuesday, the Turkish Foreign Minister Mevlut Cavusoglu blamed the United Arab Emirates of spreading chaos in the whole Middle East.
Nanit, the US-Israeli baby monitor and sleep tracker devices maker, announced that it raised $21M in a private funds, bringing the total amount raised to $50M.
Saudi Aramco closed a $10B one-year loan provided by 10 banks, aiming to use it to back the acquisition of 70% stake in SABIC.
Registrations of electric vehicles in Europe grew 57.4% in the Q1 of 2020, though still accounted for only 4.3% of total registrations, as carmakers struggled to meet new anti-pollution regulations.
L'Oreal announced that it launched a €150M programme, which included climate change initiative and financial support to vulnerable women affected by the coronavirus pandemic.
Toyota Motor announced that it expects profit to drop 80% to $4.66B in current fiscal year, compared to the prior year, as the impact of the coronavirus sapped global demand for cars.
Honda Motor reported that its operating profit fell 13% to $5.9B in March, the lowest level in four years.
Nokia, the Finnish maker of telecom equipment, will cooperate with Microsoft in SONiC, the open-source network operating system, which is exploited in data centres of the biggest cloud-service providers.
On Tuesday, Embraer blamed the failed Boeing's takeover of its commercial plane division for a sharp drop in jet deliveries by over a half in Q1, from the prior year's reading.
Logitech International reported on Tuesday its quarterly sale rose 13.6% on rising demand for its computer products due to global lockdowns that forced people to work from home.
The world's second-largest mobile operator Vodafone has met forecasts with a 2.6% surge in its full-year core earnings to €14.9B, but withdrew the 2020 outlook amid the uncertainty triggered by the coronavirus.