The European Central Bank told banks to skip payments of dividends and share buybacks until October and use profits to support virus-hit economy.
Microsoft is expected to sell stake in Israel's facial recognition startup AnyVision and said that it would no longer make investments in face recognition firms.
Toyota Motor's North American unit stated that it is set to produce face masks, ventilators and respirators to aid in a battle against the COVID-19 in the US.
Alphabet is expected donate more than $800M in funds towards production of medical supplies used to fight the coronavirus, the CEO stated.
Sweden's H&M announced that it started protective face mask production for hospital staff and is set to ship the first batches to Italy and Spain.
Canada is set to compensate 75% of payroll salaries and provide small firms access to one-year interest free loans, the Canadian PM Justin Trudeau stated.
Nestle stated that it is set to pay salaries in full for three months to employees affected by work stoppages to prevent the COVID-19 spread.
On Friday, the US President Donald Trump criticized General Motors for reducing the number of ventilators it could provide for hospitals.
At the end of Friday's European trading hours, European stock indices declined and ended a recent stimulus induced price surge.
Lufthansa has filed an application for trimmed-time work for about 31K of its staff, grounding its crew at the core brand until August-end, as German flagship carrier slashed flights amid the coronavirus pandemic.
The US electric automaker Tesla Inc announced its plans to trim its on-site staff at the battery plant located in Nevada by about 75% amid the coronavirus outbreak.
On Friday, the EU stocks plunged, halting their largest-ever rally, as investors shifted focus to the coronavirus spread despite hopes for additional stimulus measures to overcome its economic impact.
On Friday, the US Dollar was about to book its largest weekly decline in a decade, as trillions of dollars were expected to be pumped into the market by the government.
China's Tencent Holdings has triggered a co-innovation lab together with Huawei for cloud game platform development, the world's largest game firm said on Friday.
Drugmaker Mylan's merger deal with Upjohn, Pfizer's off-patent branded drug division, is set to close only in this year's second half, both companies reported, blaming the coronavirus outbreak for the delay.
The US President Donald Trump is set to receive new recommendations from his advisers this weekend to battle the coronavirus outbreak to bolster the US economy, Mike Pence, the Vice President, said.
Nancy Pelosi, the US House Speaker, stated the chamber is expected to pass the $2.2 trillion relief bill on Friday to battle the coronavirus, following the Senate's approval of the economic rescue legislation earlier this week.
The balance sheet of the US Federal Reserve topped 5 trillion dollars in assets by collecting bonds and extending loans to central banks and mutual funds in Fed's effort to bolster the economy amid the global coronavirus outbreak.
Facebook Inc appointed Robert Kimmitt, the US Treasury's ex-deputy secretary, as its new lead independent director, according to Reuters.
China's Huawei Technologies has released its new flagship P40 smartphones this week during an online presentation, as the coronavirus thwarted the planned event.
General Motors and Ford Motor announced they would shore up finances in the face of the coronavirus outbreak that affects economy, with Ford planning to resume its production of the most profitable cars in April.
On Thursday, the US Federal Deposit Insurance Corporation and other agencies that regulate the markets issued a join call for an increase of small amount lending.
The Exchequer of the United Kingdom announced on Thursday that it would pay self-employed people 80% of their average monthly profit.
On Thursday, Nancy Pelosi, US House Speaker, stated that she expects the US Senate to pass the $2.2 trillion coronavirus relief on Friday.