According to sources with knowledge of the matter, the Japanese company Nissan and the French carmaker Renault have suspended full-blown merger plans.
On Tuesday, the US National Railroad Passenger Corporation Amtrak told the US Congress that it needs extra $1.475B bailout.
Wall Street's main indexes edged higher on Tuesday, as the S&P 500 breached the 3000 psychological resistance level for the first time since the beginning of March.
On Tuesday, Hertz Global Holdings said in a filing to the US regulators that it has paid over $16M in retention bonuses to key executives.
The Egyptian President Abdel-Fattah al-Sisi and the Chairman of Sudan's Sovereign Council Abdel Fattah al-Burhan have agreed to improve bilateral relations.
On Tuesday, US stocks edged higher, as the S&P 500 rose above the 3000 psychological resistance level for the first time since early March.
On Tuesday, Christian Sewing, the Chief Executive of Deutsche Bank, said that the global equity markets were a bit too confident in their assessment about the post-coronavirus crisis recovery.
The German government plans to lift the travel warning for travellers from 31 European countries starting from the middle of June.
According to sources with knowledge of the discussion, the German airline Lufthansa expects the European Union to approve the $9.8B bailout deal agreed on Monday.
Merck & Co has struck a deal to acquire the Austrian pharmaceutical company Themis Bioscience. The company's Chief Executive Ken Frazier said on Tuesday.
Shares in the Japanese firm Marvelous rose 17% to their daily limit worth 682 yen on Tuesday after the game maker reported that China's Tencent Holdings would acquire a 20% stake.
On Tuesday, Qatar Airways announced on Twitter it planned to launch summer flights to more than 80 destinations worldwide, as the aviation sector starts slowly recovering from the coronavirus crisis.
China's Tencent Holdings is set to invest $70B during the following five years in new technology infrastructure, such as cloud computing, AI and cybersecurity, the tech giant said on Tuesday.
Uber Technologies is set to slash about 600 job positions in India, looking to trim 23% of the ride-hailing firm'a global workforce, as lockdowns hit the company's business in the country.
The UK low-cost airline easyJet confirmed that Andrew Findlay, its chief financial officer, would step down from his role in the carrier in May 2021, adding it had started to search for a successor.
On Tuesday, Latin America's biggest carrier LATAM Airlines Group announced the firm and its affiliates based in Peru, Colombia, Chile, Ecuador and the United States have filed for the US bankruptcy protection.
On Tuesday, Uber's rival Bolt announced it had raised €100M from Naya Capital Management, the London-based investment firm, in a deal that valued the European ride-hailing service at €1.7B.
The Prime Minister Boris Johnson announced Britain would reopen thousands of shopping centres, department stores and high street shops in June, as the country is easing the coronavirus lockdown.
Renault and Nissan have shelved their merger plans, looking to repair their troubled alliance instead and try to recover from the consequences of the coronavirus outbreak.
Toyota Motor's unit in Mexico is getting ready to gradually restart its operations, saying it would include implementation of health security measures, production tests and training activities.
France's Renault is likely to unveil plant closures and job cuts this Thursday amid the carmaker's intention to save $2.2B in costs, a CGT representative said.
China's Great Wall Motor is expecting mild domestic auto sales growth in the current year's second half, as the Chinese car market recovers from the coronavirus impact.
The CEO of Aston Martin, Andy Palmer, is set to resign on the back of the management shake-up, with Tobias Moers, the head of Mercedes-AMG, to succeed him on this role.
Siemens is set to keep a stake of 45% in its energy business, which it wants to spin off later in 2020, sources familiar with the matter stated.