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.
During Monday's European trading hours, crude oil price benchmarks reached a low level not seen since March 1999.
On Monday, stock indices in Europe surged, as stocks were boosted by gains in healthcare stocks.
Oliver Dowden, the UK Culture Minister, said on Monday that the United Kingdom has secured 25M protective medical clothing from China.
According to the SMH newspaper report, published on Monday, Virgin Australia Airlines is planning to go into voluntary administration.
Aston Martin will shift its focus to reviving the production of a sport utility vehicle, the carmaker's new Chief Executive Lawrence Stroll stated on Monday.