At the end of European trading hours, stock indices moved up by 2.6%, recovering some of the recent losses.
Global smartphone sales plunged as much as 14% in February amid the fast-spreading coronavirus in the world, Counterpoint Research reported on Thursday.
Austria is set to postpone the 5G frequency auction amid the global coronavirus outbreak, according to Thursday report by the telecoms regulator RTR.
The US Senate has offered an unprecedented $58B worth aid to struggling carriers to help cover staff wages, as airlines around the world call for state support, turning passenger jets into cargo liners, as they desperately seek revenues.
Global smartphone sales plunged as much as 14% in February amid the fast-spreading coronavirus in the world, Counterpoint Research reported on Thursday.
On Thursday, the US weekly jobless claims reached a staggering record of 3.28 million, which is the largest number in history, including the Great Depression.
The European antitrust regulators will pass their verdict on the EssilorLuxottica's $7.8B bid for GrandVision, the Dutch optician group, by July 24.
On Thursday, Seiji Adachi, who just joined the Bank of Japan board, stated that providing liquidity to the markets is a better policy than cutting central bank rates.
Mitsubishi Corp, the Japanese trading house, and Chubu Electric Power have finalised their $4.5B acquisition of Eneco, the Dutch energy firm, on March 24, according to a Reuters report.
Airbnb has conducted a meeting with bankers via phone to discuss the possible extension of its $1.0B debt facility as the company is struggling with a slowdown amid the coronavirus outbreak.
McDonald's Corp is planning to temporarily trim its US menu during the coronavirus outbreak, with the fast-food giant's intention to simplify operations amid the fast-spreading pandemic.
Chemical giant INEOS announced that it will set up a hand sanitiser factory in northeast England in 10 days to make 1M bottles a month to help with a shortage in Europe.
Volkswagen is set to put around 80K employees on reduced working time due to the coronavirus epidemic fallout, and also support its German dealership network with extra liquidity.
Facebook Inc stated that the coronavirus outbreak undercut advertising sales accounting for almost all of the company's revenue, even while more users spent time on the platform.
Nike beat expectations for quarterly revenue owing to strong digital demand offsetting Chinese sales decline on virus shutdowns.
Volkswagen stated to the Frankfurter Allgemeine Zeitung on Wednesday that the company expects to resume car production in the summer.
On Wednesday, 32 US state governments sent a message to country's online trading platforms to increase efforts to stop ongoing price gouging.
Walmart-baked firm Flipkart is set to resume the e-commerce sales and other services for its essential products, following assurances received by the government on the hassle-free supply chain and safety of the firm's delivery staff.
On Wednesday, Spotify Technology has launched a music relief project "COVID-19" to raise extra funds for artists as the coronavirus crisis triggers a life lockdown in most countries and affects the global economy.
Social media company Facebook and streaming service Netflix announced they would cut data traffic, aiming to ease the congested telecoms networks in India, as millions of people are working remotely at their homes amid coronavirus outbreak.
Detroit's Big Three carmakers, Ford Motors, General Motors and Fiat Chrysler Automobiles, are planning to extend the current vehicle production shutdown in the United States into April due to the coronavirus crisis.
On Wednesday, EU antitrust regulators have launched a full-scale probe into the Johnson & Johnson's acquisition of TachoSil, the Takeda Pharmaceutical-owned surgical patch product, as the deal may potentially hurt innovation and competition.
Social media company Facebook and treaming service Netflix announced they would cut the data traffic, seeking to ease the congested telecoms networks in India.
Apple Inc is expecting to start reopening some retail stores in April's first half, not specifying the countries or particular stores, according to an internal memo.