Ireland expects its gross domestic product to decline 10.5% in 2020 and post a budget deficit of 7.4%, or nearly €23B, the Finance Ministry stated.
China's electric car producer BYD reported a 41.9% decrease in its net profit last year, as Chinese EV subsidies cut affected customer demand.
The US home sales fell markedly 8.5% to a seasonally adjusted yearly rate of 5.27M units in March, as measures to control the COVID-19 spread brought buyer traffic to a standstill.
Domestic air traffic plunged 70% globally, IATA reported on Tuesday, adding that the recovery is likely to be slow during the next six months amid the negative effect the coronavirus had on the global economy.
Comcast-owned movie ticketing service Fandango Media is planning to acquire Vudu, Walmart's video-on-demand service with the financial terms of the deal remaining undisclosed by now.
At the start of US trading hours, global stock indices declined, as worse than forecast corporate earnings increased worries about grim economic outlook.
Huawei Technologies revenue rose by nearly 1% to 182.2B yuan in the Q1, compared to a 39% growth reported a year earlier, tumbled by the US ban and the negative impact of the coronavirus pandemic.
On Tuesday, Middle East equity, currency and debt markets declined, as the recent fall of oil prices into negative impacted the oil producing region.
On Tuesday, Nissan Motor announced it would close its global Japan's headquarters through May 16 to prevent the coronavirus spread, despite the government's permission to keep workplaces open in order to get the Japanese economy running.
Ferrari has launched voluntary coronavirus testing is its employees to bring them back to work in the nearest time, as manufacturers across the world seek to resume production.
International Business Machines new CEO Arvind Krishna stated that clients have changed their priorities to saving capital due to the COVID-19 crisis, tumbling the company's software sales.
Lord & Taylor is considering to file for a bankruptcy protection, as all of the company's 38 US department stores remain closed due to the coronavirus outbreak, Reuters reported.
The Finance Minister of the United Kingdom Rishi Sunak revealed on Monday that more than a million employees have been sent to temporary leave.
On Monday, US restaurants asked the US Congress for additional financial stimulus, as the industry expects a loss of $240 billion.
As the US trading session ended on Monday, stock indices declined sharply, as they were pushed down by the losses in energy stocks that were caused by negative oil prices.
On Monday, as US crude oil futures expired a frenzy selling occurred. Crude oil prices reached negative $40 level for the first time in history.
Beijing's regional economy contracted to $105.5B in the first quarter of 2020, a decline of 6.6% from the same period the prior year, local authorities say.
The Egyptian tourism sector faces a grim period amid the coronavirus outbreak, the Egyptian Minister of Tourism and Antiquities Khaled al-Anany says.
The Japanese government increased an emergency package to $1.08T to help mitigate the consequences of the novel coronavirus, the Japanese Prime Minister Shinzo Abe says.
The credit rating agency Fitch on Monday slashed India's growth forecast to 1.8% for the current financial year from a previous estimate of 4.6%, a statement from the company shows.
The Norwegian budget carrier, Norwegian Air Shuttle, plans to lay off around 1,571 pilots and 3,134 cabin attendants, a statement published by the company shows.
The Chinese government revealed on Monday that it would build a new $7 billion turnover commodity trading center in Caofeidian.
On Monday, the founder of Virgin Atlantic Richard Branson revealed that the airline could survive only with the help of the UK government.
Data published on Monday revealed that due to a decline in Chinese imports Euro Zone's trade surplus had increased.