The Italian automakers Fiat Chrysler and Ferrari are in negotiations with Italy's biggest ventilator company to help it increase the production of ventilators, which are necessary for the virus crisis.
On Thursday, the US Commerce Department reported that the current account deficit, which measures investments, the flow of goods and services in and out of the United States, declined by 12.4% in the Q4.
On Thursday, the US crude oil prices edged higher by 20%, recovering from yesterday's sell-off that pressure the oil prices to an 18-year low level.
Walt Disney Co expressed its concerns over the coronavirus spread that could impact consumer behaviour, causing further disruption to the company's business, as it had already shut down theme parks and halted cruises, films and shows.
Deutsche Bank has trimmed its outlook for the German economy amid the coronavirus fallout and is now expecting it to contract 4%-5% in 2020, adding that industrial production could decline by 10%.
On Thursday, Microsoft Corp reported that its conferencing and chat app Teams reached 32M users last week, as the majority of firms across the world shift to remote work due to the coronavirus outbreak.
On Thursday, Ford Motor announced it has a plan to draw down $15.4B from two credit lines and halt dividend, aiming to preserve cash, in its efforts to confront the negative impact caused by the coronavirus outbreak.
On Thursday, China's Xiaomi resumed its operations for more than 80% of the company's supply chain after the coronavirus outbreak in China, Xiaomi's president said.
The American transportation technology start-ups are feeling chill from the COVID-19 crisis, as venture investors warn new investment and funding exits are wearing thin as the economic forecast darkens.
Deutsche Bank has trimmed its outlook for the German economy amid the coronavirus fallout and is now expecting the Euro zone's biggest economy to contract 4%-5% in 2020, adding that industrial production could decline by 10%.
On Thursday, Amazon.com Inc had to temporarily shut down its Queens, New York hub and delivery station, after an employee tested positive for the coronavirus.
The UK fashion brand Superdry stated that it would miss 2020 targets due to the "unprecedented challenges" of the coronavirus outbreak.
The world's No. 2 mobile operator Vodafone announced the coronavirus outbreak was triggering its networks' data traffic to rise, with the demand already surging 50% in some of the markets.
The New York Stock Exchange is set to temporarily close the trading floors and move to electronic trading starting from March 23 due to the coronavirus outbreak.
BMW stated that its pre-tax profit and car deliveries are likely to drop markedly in 2020, as coronavirus spreads, and combined with higher R&D spending this will diminish profit margin.
Rolls-Royce Motor Cars announced that it would suspend production at its UK factory for two-week period to ensure the health of employees.
On Wednesday, crude oil prices sank for a third consecutive trading session. The US crude futures were down by 10.5%, at $24.13 per barrel at 1400 GMT, its lowest level since April 2002.
On Wednesday, Wall Street's main indexes continued to slide lower. The Dow Jones Industrial Average fell by nearly 5% at the open, while the S&P 500 opened lower at 2,436.50.
On Wednesday, Goldman Sachs asked the majority of its employee in Europe, Africa, the Middle East and in the Americas to work remotely from home till further notice.
The German multinational conglomerate ThyssenKrupp AG announced on Wednesday that it was planning to cut working hours or halted production because of the coronavirus pandemic.
The world's No. 2 mobile operator Vodafone announced the coronavirus outbreak was triggering its networks' data traffic to rise, with the demand already surging 50% in some of the markets.
On Wednesday, the world's second-largest tobacco maker, British American Tobacco, stated it had not yet noticed any material impact from the coronavirus outbreak, despite certain launches were postponed amid the Chinese supply chain disruptions.
Ryanair is considering to ground the majority or even all of the carrier's flights starting from Tuesday, March 24, excluding a couple of flights between Ireland and Britain to maintain the essential connectivity, Ryanair said on Wednesday.
Fiat Chrysler has suspended its Atessa plant located in Italy for the second time due to parts supply disruptions related to the coronavirus crisis after the EU plant resumed its operations on Tuesday.