Airbus has entered talks with France over potential aid for the European jet manufacturer, as the transport sector was hit hard by the outbreak of coronavirus, Airbus CEO Guillaume Faury said on Thursday.
On Thursday, oil prices surged over 10% amid early signs of the US gasoline demand is recovering after being hit by the coronavirus-related restrictions.
Royal Dutch Shell slashed its dividend on Wednesday, for the first time since 1940 after a sharp plunge in its profit due to collapsed global oil demand amid the coronavirus outbreak.
Russia's gas group Gazprom reported a decline net profit to 1.20 trillion roubles last year from 1.46 trillion roubles in 2018 due to weaker demand in Europe in 2019.
China's factory activity expanded for a second month in succession in April, while a drop in export orders suggested lingering economic recovery.
Spotify Technology's paid music subscribers increased to 130M in the Q1, driving its shares higher, as the firm's business model proved to be more resilient in the COVID-19 lockdowns.
Nio Inc's shares surged more than 14% after it announced that it secured $989M investment in Nio China, a new company controlled by China's EV maker.
Lyft announced plans to lay off 17% of its workforce, or 982 workers, and implement pay cuts amid economic challenges caused by the COVID-19 pandemic.
The aerospace supplier Safran reported a 8.8% fall in Q1 revenue to €5.38B, as the coronavirus crisis started to weigh over its interiors and aircraft engines business.
German exchange operator Deutsche Boerse reported a 33% increase in its net profit in the first quarter, meeting expectations.
General Electric stated that it cut 700 positions in the company's power division in the Q1, adding that it was set to diminish capital expenditure by 25% in 2020.
Renault was considering cutting the number of sub-contractors that it uses to develop vehicle models in the engineering division potentially saving the company between €100M to €200M.
The German economy is expected to shrink 2% in Q1 and 10% in Q2 of 2020, the DIW economic institute stated, suggesting deeper recession than during the 2008 crisis.
Spotify Technology SA announced on Wednesday that the company has experienced a 22% rise in quarterly profits and added new 130 million paid subscribers.
On Wednesday, the Bank of England announced that it cannot predict the scale of the coronavirus recession.
Data published by various German states on Wednesday revealed that inflation in Germany has slowed down by approximately a quarter.
During Wednesday's European trading hours, crude oil price benchmarks surged, as the US inventories had increased by less than expected.
On Wednesday, stock indices in Europe traded flat, as defense stocks dropped while automaker stock prices surged.
The Federal Reserve is seen on Wednesday to renew its vow to brace the US economy by any means after a major hit by the coronavirus pandemic.
Daimler sees the Mercedes-Benz Cars & Vans unit's operating profit to exceed the prior-year level, despite the coronavirus outbreak forced the German automaker to withdraw its forecast earlier this month.
On Wednesday, the planemaker Airbus has reported a 49% plunge in its Q1 adjusted operating profit to €281M as revenue plummeted 15% to €10.631B amid the global crisis triggered by the coronavirus pandemic.
Ford Motor is expecting its Q2 loss to more than double to $5B from $2B in the Q1 amid weak demand caused by the the coronavirus outbreak.
Samsung Electronics said in a statement on Wednesday that it expected the COVID-19 pandemic to hit the second-quarter profit.
According to data published on Wednesday, Australia's annual inflation rose to 2.2% in the Q1, the highest since the Q3 of 2014.