Facebook is set to allow its employees to work remotely until the current year's end as the coronavirus outbreak forces countries to extend lockdowns to fight the COVID-19 spread.
On Friday, Sony Corp announced it would produce medical face shields and donate them to the Japanese hospitals due to worries about the protective equipment availability for healthcare workers, who are dealing with the COVID-19 pandemic.
Tesla Inc is planning to reopen its Fremont car plant as soon as this Friday, according to a Bloomberg report, following California's decision to ease lockdown rules for state manufacturers.
The US economy is likely to hit record-high of 22M job losses in April since their sharpest drop since the Great Depression, marking the devastating impact the coronavirus outbreak is having on the world's largest economy.
During Asian and European trading hours on Friday, global stock indices surged. The surge was attributed to various factors by various financial media outlets.
On Friday, Apple's supplier Sharp Corp has almost halved its full-year profit outlook by 48%, blaming weak demand for tech devices due to the coronavirus crisis.
On Friday, Siemens stated it eas expecting even bigger hit coming from the coronavirus crisis as it withdrew its full-year guidance and reported an 18% plunge in the Q2 industrial profit.
Macy's Inc, the department store chain, has postponed its Q1 earning results until July 1 due to business disruptions caused by the coronavirus crisis.
Amazon is planning to extend the shutdowns of its six warehouses located in France until May 13, after the company closed them on April 16 due to the COVID-19 outbreak.
Dropbox Inc's Q1 revenue and profit results topped Wall Street forecasts due to a rising number of paying customers during the lockdowns, sending the file-hosting company's shares up 4%.
The US carmaker Ford Motor announced its plans to resume operations and production in North America as soon as May 18, adding it would start bringing back employees whose work cannot be done remotely.
Airbus deliveries plunged as much as 80% to 14 planes in April from the same month last year, as the company's operations were hurt by the coronavirus pandemic, Airbus data showed.
Raphael Bostic, the Atlanta Federal Reserve Bank's President, stated he was expecting little sign of the economic resurgence, despite US states started to reopen.
The UK aero-engine maker Rolls-Royce said that it expects to slash some of workforce due to the slump in the global aerospace market.
The UK clothing retailer Next announced plans to open first standalone beauty shops by taking space in some former stores of Debenhams.
Italian retail sales fell 20.5% month-over-month in March, following a 0.9% increase in February, the ISTAT said.
Norway's central bank slashed the key interest rate to 0% from 0.25%, aiming to protect economy from the COVID-19 crisis.
Sales of Sweden's fashion retailer H&M decreased 57% from the prior year during the period from March 1 to May 6, as the company's stores remained closed.
Germany's industry output declined 9.2% in March, the fastest fall on record, as demand for goods decreased markedly.
Harley-Davidson Inc, the famous motorcycle maker, has appointed Jochen Zeitz as its Chief Executive Officer on Thursday, after Zeitz serving as the company's acting CEO and the president since February 2020.
On Thursday, Wall Street's major indexes have been set to jump after a surprise climb in China's exports and a rise in oil prices gave hope for an economic recovery.
On Thursday, Apple Inc announced it had awarded $10M to COPAN Diagnostics, the nasal swabs maker, aiming to boost COPAN's production of kits for collecting Covid-19 tests samples to 1M per week by the start of July.
On Thursday, PayPal Holdings Inc stated it was expecting a robust recovery in its Q2 payments volumes amid surging demand for online shopping, despite lockdowns started to ease, raising firm's shares 8% in the extended trading.
Global food prices fell sharply for the third month in succession in April, tumbled by the logistical and economic impact of the COVID-19 pandemic, according to the United Nations food agency's data.