François-Henri Pinault, the CEO and chairman of Kering, agreed to diminish fixed portion of the salary by 25% until the end of this year, given the context of COVID-19 crisis.
Volkswagen AG announced that it temporary furloughed 1.5K workers at the US assembly factory in Tennessee starting from April 11 amid the ongoing coronavirus pandemic.
Bulgaria is set to apply for membership in the Euro zone by the end of this month, in an action that should help the country recover from the COVID-19 pandemic.
Johnson & Johnson announced it abandoned plans to purchase Takeda Pharmaceutical's TachoSil, the surgical patch product, due to regulatory issues.
Auto sales in China fell 43.3% year-on-year in March, as the auto market struggled to get into gear after a demand slump exacerbated by the COVID-19 outbreak.
In a phone call held by American, Russian and Saudi leaders all three agreed to cooperate to stabilize the international energy market.
TikTok stated on Friday that it would devote not less than $250M to support workers and communities that were heavily affected by coronavirus.
The Indian government decided on Saturday to strengthen restriction measures to contain the spread of coronavirus across the country.
Air France KLM requested several billion Euros of emergency funding from the government of France, while also negotiating loan package from banks.
The Energy Minister of Norway Tina Bru stated on Saturday that the country was ready to decrease oil production upon condition that OPEC+ plan would be implemented.
Nissan Motor's management stated that its restructuring plan, which is due out in May, would assume cutting annual sales target by 1M cars.
Siemens is unlikely to cut its workforce amid the virus-triggered downturn, though short-time measures could be expanded in Germany, the CEO stated.
The European Commission decided on Saturday to impose anti-dumping duties on stainless steel improted from China, Indonesia and Taiwan.
The British National Health Service warned the government on Saturday that doctors and nurses experience shortage of protection equipment.
Honeywell International Inc stated on late Friday that it had restored a credit agreement with Citibank and JPMorgan Chase worth $1.5B.
Triumph Group Inc, the American supplier of plane details for Boeing, stated on Satarday that would furlough 2.3k employees up to a month amid temporary close of Boeing plants.
Apple and Google stated on Saturday that they would create a technology capable of tracking user's contacts with other people in order to help to contain the spread of the virus.
On Friday, the Mexican President Andres Manuel Lopez Obrador said that the United States agreed to cut output by 250,000 barrels a day to assist Mexico to commit to the global reductions.
On Friday, Austria's Finance Minister Gernot Bluemel said that he hoped the coronavirus recovery fund would not be used as a back door for coronabonds.
According to sources with knowledge of the matter, KKR's Envision Healthcare Corp has hired a bank to explore ways on debt restructuring.
On Friday, Portugal's President Marcelo de Sousa said that he plans to extend the coronavirus lockdown until May 1, as the number of confirmed COVID-19 cases in Portugal surged above 15,000.
Kristalina Georgieva, the IMF Managing Director, has created a new advisory panel to provide information on monetary policy challenges on the coronavirus crisis.
Russia, Saudi Arabia and others in the OPEC+ group would pressure Mexico to join the crude oil supply cuts and will also press the United States to get involved.
On Friday, Ireland's Minister of Finance Paschal Donohoe said that he thinks the United Kingdom would not be changing the timeline they have concerning Brexit.