Volkswagen announced on Monday that it would replace Herbert Diess as the CEO of the Volkswagen brand.
On Monday, US markets ended the day' trading with the Nasdaq index hitting a new high level.
The Austrian government confirmed that it agreed a €450M bailout deal for Austrian Airlines, the unit of Lufthansa.
Nestle SA confirmed that it is selling its North American business of Buitoni pasta brand to Brynwood Partners, the Swiss food group stated.
Germany's public network for electric cars expanded nearly 60% to 10K charging spots in the last year, the country's electricity lobby stated.
Tesla, the US electric car maker, reported it had sold 11,095 China-made Model 3 vehicles in May, marking more than triple April's volume, according to the CPCA.
The oil major BP is planning to cut around 15% of the company's workforce due to the COVID-19 crisis and its CEO Bernard Looney's intention to shift the gas and oil giant to renewable energy.
On Monday, US power provider PG&E announced its plans to attract $5.75B from public offerings, seeking to exit the bankruptcy by this month's end.
During Monday's European trading hours, crude oil prices and oil company stock prices surged, as oil producing countries extended production cuts.
Nokia revealed on Monday that its broadband business has surged, as due to the coronavirus consumers upgrade their internet connections.
On Monday, Japanese officials revealed that despite a lower decline of GDP than expected, the country would still prepare for a larger economic decline.
UK luxury brand Mulberry revealed on Monday that it would cut its workforce by nearly 25%.
On Monday, Tesla announced that in May the company tripled Model 3 car sales in China compared to April.
On Monday, shares in UK's AstraZeneca were down 2.1% after a report that the firm had approached its US rival Gilead Sciences about a potential merger with the intention to form the world's biggest drug company.
Japan service sector sentiment surged 7.6 points in May, although the coronavirus crisis continues to impact firms' business confidence, according to a Cabinet Office survey.
Ericsson's Q2 results are set to take a nearly $108.8M hit due to asset write-downs in China's market, the company announced on Monday.
China's Didi Chuxing reported its ride-sharing orders are recovering tis month to the last year's lever, CEO Cheng Wei cpnfirmed.
According to the Bloomberg News report, AstraZeneca has approached Gilead Sciences about a possible merger agreement.
Etihad and Emirates Airlines are extending their 50% salary cuts for staffs until September in a bid to preserve cash during the COVID-19 crisis.
On Sunday, the Russian state-owned oil company Rosneft said that it planned to maintain the dividend policy, despite the state holding company lowering its direct stake to 40.4%.
On Sunday, the Australian Deputy Prime Minister and Transport Minister Michael McCormack said that the government would continue to support airlines for domestic flights until September.
The French government announced on Sunday that it would invest one billion Euros in an aerospace fund.
On Sunday, Reliance announced that the Abu Dhabi Investment Authority has invested $752 million in its digital unit.
British Airways, easyJet and Ryanair announced on Sunday that the current UK government quarantine plan is unjustified and disproportionate.