France's carmaker Renault announced that it halted production at 12 industrial sites in France until further notice because amid the coronavirus outbreak, affecting 18K workers.
Nike Inc's revenue is likely to plunge by 34% or $3.5B in the Q4, according to Cowen, as the sportswear group struggles from store shutdowns and supply disruptions due to the coronavirus outbreak.
Lockheed Martin Corp's veteran Marillyn Hewson is set to step down as the company's CEO and will be replaced by James Taiclet, the American Tower Corp's boss and Lockheed's board member.
Norwegian Air is set to cancel 85% of the carrier's flights and lay off 7,3K of its employees due to the growing coronavirus crisis, until the situation becomes more favourable, as the outbreak has hit the air travel demand.
Volkswagen's Autoeuropa vehicle assembly factory in Portugal has trimmed its daily production by 16% due to a shortage of working people after the country ordered schools shut down amid the outbreak of coronavirus.
On Monday, France's competition watchdog has fined Apple Inc €1.1B for abuse of the economic dependence on Apple's resellers and anti-competitive behaviour seen in the company's distribution network.
On Monday, the European Central Bank's policymaker Robert Holzmann stated that ECB would intervene in the government bond markets, in case it was necessary, to help the countries hit by the coronavirus outbreak.
Baden-Wuerttemberg, the German southwestern state, is set to suspend air travel in the following days amid the coronavirus spread, a spokesman stated on Monday, adding it considers exceptions for air freight.
Nike Inc, Under Armour and Lululemon Athletica announced they would shut down offline stores in the US and other markets, following the rising number of major retailers seeking to help limit the coronavirus spread.
On Monday, global stock indices continued to fall despite central banks increasing monetary easing measures.
On Monday, Britain is eager to make further announcements about the taken measures to contain coronavirus, Dominic Cummings, the senior adviser to the Prime Minister Boris Johnson, told Reuters.
On Monday, the Chinese foreign ministry warned about imported coronavirus cases that involve travellers entering China from abroad became the main risk.
Airlines around the globe are forced to slash their flying schedules, trim jobs and seek aid from governments after many countries tightened their border restrictions amid the fast spreading of coronavirus.
The Prime Minister of Jacinda Ardern stated on Monday that the impact of coronavirus pandemia on the contry's economy would be signifficant.
The Bank of Japan (BoJ) has decided on Monday to ease its monetary policy further by acquiring more ETFs and other risky assets.
On Sunday, Uzbekistan and Kazakhstan dramatically closed their borders after both countries confirmed their first case of the coronavirus outbreak.
On Sunday, the Israeli Arab coalition has given their support to Benny Gantz, the leader of Blue and White Party, to form a new government.
The German car manufacturer Volkswagen stated on Sunday that it had begun preparations for temporary shutdown of its plan in Slovakia amid the declared state of emergency.
Goldman Sachs downgraded on Sunday its forecast for the growth of the US economy in Q1 from 0.7% to 0% amid the outbreak of coronavirus.
The Norwergian government stated on Sunday that it would provide not less than $10B for companies affected by the coronavirus pandemia.
The British Heath Secretary Matt Hancock stated on Sunday that the government would isolate all people aged 70 and above to protect them against the coronavirus pandemia.
LVMH, the owner of Louis Vuitton, stated on Sunday that it would produce hand disinfectant gel to help France to contain the spread of coronavirus.
Apple Inc shifted its annual conference for developers in California scheduled for June to online-only format, in its efforts to reduce the risks caused by the coronavirus outbreak.
Spain's Banco Santander is taking a 50.1% majority stake in the local fintech firm Mercury TFS in a deal valued at $33.54M, gaining access to Mercury TFS's software that will enable Santander's customers to manage the trade finance activity via mobile phone or online.