The world's largest personal computer maker Lenovo Group posted a deep fall of 64% in its Q4 profit to $43M amid disruptions triggered by the coronavirus pandemic, but still beat analysts forecasts.
Shares of US airlines soared on Tuesday after major US airlines and the Canadian Airlines reported fewer ticket cancellations.
According to a Reuters survey, published on Tuesday, Mexico's annual inflation accelerated in early May due to a surge in the cost of some foodstuffs and gasoline.
According to preliminary data, released by the Russian Federal Statistics Service on Tuesday, Russia's economic growth slowed to 1.6% in the Q1.
On Tuesday, Ecuador's President Lenin Moreno announced a new cut on public spending by $4B, as the Latin American nation faces a fresh debt crisis.
On Tuesday, Microsoft Corp announced it would roll out an updated version of the cloud software modified to suit healthcare organisations' needs.
The Asian Development Bank approved a $300M loan to Pakistan to help the country combat the COVID-19 pandemic, a statement issued by the bank shows.
The German auto-parts supplier Continental issued €1.5B worth of debt to increase liquidity reserves, a statement published by the company shows.
UK unemployment claims soared by 69.1% in April, compared to the prior month, a statement published by the Office for National Statistics shows.
German economic sentiment improved in May, compared to the prior month, data published by the Leibniz Centre for European Economic Research show.
Mitsubishi Motors is planning to cut its fixed costs by at least 20% or more during the following two years after posting an 89% slump in the carmaker's annual profit.
Bookings Holdings Inc's Agoda, the online travel agency based in Asia, has slashed 1,5K jobs and cut expense due to weaker demand in the global travel sector caused the coronavirus pandemic.
Japan's Sharp Corp reported on Tuesday a 37% drop in its full-year operating profit and withheld the earnings outlook release for 2020 due to uncertainty over the coronavirus crisis.
On Tuesday, Sony announced that it would buy out Sony Financial Holdings for 400 billion yen.
Uber Technologies has shifted its focus to its core ride-hailing and food delivery businesses, after cutting 23% of the company's workforce, seeking to become more profitable despite the crisis caused by the coronavirus pandemic.
Kevin Mayer, Walt Disney's top streaming executive, is set to leave the theme and entertainment parks giant, as he was appointed as TikTok's Chief Executive, both companies announced.
Tesla's China car registrations plunged as much as 64% to 4,633 units month-on-month in April from March's 12,709 reading, according to the data revealed by LMC Automotive.
Nasdaq Inc is planning to unveil its new restrictions on IPOs, mainly for China, making it harder for Chinese firms to debut on the stock exchange, according to Reuters.
Thyssenkrupp announced on Monday that it would seek partners for its warship and steel production divisions.
On Monday, J.C. Peney announced that it would shut down almost 242 stores as a part of its bankruptcy.
The President of the European Central Bank stated on Monday that she approves of the creation of a 500 billion Euro EU recovery fund.
On Monday, Delta Air Lines announced its plans to revive its flying operations at some major routes starting from June, after all of them were suspended amid the coronavirus pandemic.
On Monday, France and Germany proposed the creation of a 500 billion Euro Recovery Fund, which would give grants to firms in the EU.
The US auto industry is slowly recovering after the lockdowns caused by the COVID-19 outbreak with some of car assembly factories reopening and suppliers ready to back the sector that employs about 1M people.