Thailand's consumer confidence index declined to the lowest level in 22 months in April amid the coronavirus outbreak, official data show.
The Japanese household spending dropped 6.0% in March, compared to the same period the prior year, the Ministry of Internal Affairs and Communications reports.
Moody's Investors Service revised India's economic growth forecast to 0% for the fiscal year 2021, data published by the company show.
Europe should follow a coordinated fiscal response towards combating the coronavirus crisis, the President of the European Central Bank Christine Lagarde says.
German exports declined by 11.8% to a total of €108.9B in March, the largest decline since August 1990, the Federal Statistical Office reports.
The unemployment rate in Canada increased to 13% after 2M people lost jobs in April, a statement published by the Statistics Canada shows.
Facebook is set to allow its employees to work remotely until the current year's end as the coronavirus outbreak forces countries to extend lockdowns to fight the COVID-19 spread.
On Friday, Sony Corp announced it would produce medical face shields and donate them to the Japanese hospitals due to worries about the protective equipment availability for healthcare workers, who are dealing with the COVID-19 pandemic.
Tesla Inc is planning to reopen its Fremont car plant as soon as this Friday, according to a Bloomberg report, following California's decision to ease lockdown rules for state manufacturers.
The US economy is likely to hit record-high of 22M job losses in April since their sharpest drop since the Great Depression, marking the devastating impact the coronavirus outbreak is having on the world's largest economy.
During Asian and European trading hours on Friday, global stock indices surged. The surge was attributed to various factors by various financial media outlets.
On Friday, Apple's supplier Sharp Corp has almost halved its full-year profit outlook by 48%, blaming weak demand for tech devices due to the coronavirus crisis.
On Friday, Siemens stated it eas expecting even bigger hit coming from the coronavirus crisis as it withdrew its full-year guidance and reported an 18% plunge in the Q2 industrial profit.
Macy's Inc, the department store chain, has postponed its Q1 earning results until July 1 due to business disruptions caused by the coronavirus crisis.
Amazon is planning to extend the shutdowns of its six warehouses located in France until May 13, after the company closed them on April 16 due to the COVID-19 outbreak.
Dropbox Inc's Q1 revenue and profit results topped Wall Street forecasts due to a rising number of paying customers during the lockdowns, sending the file-hosting company's shares up 4%.
The US carmaker Ford Motor announced its plans to resume operations and production in North America as soon as May 18, adding it would start bringing back employees whose work cannot be done remotely.
Airbus deliveries plunged as much as 80% to 14 planes in April from the same month last year, as the company's operations were hurt by the coronavirus pandemic, Airbus data showed.
Raphael Bostic, the Atlanta Federal Reserve Bank's President, stated he was expecting little sign of the economic resurgence, despite US states started to reopen.
The UK aero-engine maker Rolls-Royce said that it expects to slash some of workforce due to the slump in the global aerospace market.
The UK clothing retailer Next announced plans to open first standalone beauty shops by taking space in some former stores of Debenhams.
Italian retail sales fell 20.5% month-over-month in March, following a 0.9% increase in February, the ISTAT said.
Norway's central bank slashed the key interest rate to 0% from 0.25%, aiming to protect economy from the COVID-19 crisis.
Sales of Sweden's fashion retailer H&M decreased 57% from the prior year during the period from March 1 to May 6, as the company's stores remained closed.