Volkswagen-owned Czech automaker Skoda Auto reported on Monday a 25% fall in its Q1 operating profit, adding it expects the biggest hit to come in the next quarter, blaming the coronavirus outbreak.
Lufthansa is hopeful to secure the bailout soon, after concluding talks with Germany's government, the airline informed staff in its official letter, adding that the company is also exploring such alternatives as creditor protection.
On Monday, General Electric announced its plans to slash its global aviation workforce by 25% in 2020, including involuntary and voluntary layoffs amid business disruptions triggered by the coronavirus pandemic.
The value of shares of Spanish Telefonica increased on Monday as the company confirmed the ongoing talks with Liberty Global over possible merger of their subsidiaries in the UK.
On Monday, The US retailer J. Crew Group filed for bankruptcy because of the coronavirus pandemic that foced the group to close its stores.
On Monday, Norwegian Air shareholders voted for the company's survival plan that aimed that conver nearly $1B debt into equity.
The Japanese Prime Minister Shinzo Abe announced on Monday that the state of emergency would be prolonged to the end of May.
According to the Calcalist report, published on Sunday, the US chipmaker Intel is in advanced negotiations to purchase Israel's Moovit public transit app for $1B.
South Korea would relax the physical distancing rules starting from May 6 and allow businesses to resume at facilities that had remained closed. The PM of South Korea Chung Sye-Kyun stated on Sunday.
On Sunday, Delek Group Ltd, the Israeli largest energy company, reported $89 million loss in the fourth quarter of 2019.
On Sunday, David Masondo, South Africa's Deputy Minister of Finance, called on the South African Central Bank to print money to fund the government fight against the coronavirus crisis.
Crude oil prices dropped $1.14 or 5.8% on Monday morning, reaching $18.10 a barrel, amid decreasing global demand and US-China tensions.
The US Private Equity company Silver Lake said on Monday that it would invest $750M in India's Reliance Industries Ltd digital arm.
On Sunday, Hala al-Saeed, Egypt's Planning Minister, said that Egypt economic growth could fall to 2% in 2020-21 if the COVID-19 pandemic continues until December.
The German multinational conglomerate ThyssenKrupp AG expects a new cash squeeze due to the coronavirus pandemic.
Glencore's subsidiary Mopani Copper Mines (MCM) in Zambia stated on Sunday that it would resume mining for three next months.
The Finance Ministry of Greece stated on Sunday that the country's economy is likely to shirnk from 4.7% to 8.9% this year because of the coronavirus pandemic.
According to the British and French government, both countries plan to test coronavirus tracking applications next week.
On Sunday, Delek Group Ltd, the Israeli largest energy company, said that it lost $89 million in the fourth quarter of 2019.
Chung Sye-Kyun, the Prime Minister of South Korea, announced on Sunday that the government would further relax the physical distancing rules starting from May 6.
According to the Calcalist report, published on Sunday, the US chipmaker Intel is in advanced negotiations to purchase Israel's Moovit public transit app for $1B.
The Small Business Administration gave its approval to JPMorgan Chase & Co to process $15B in new Paycheck Protection Program loans.
The travel crisis caused by the coronavirus pandemic is hitting harder the US aviation sector, causing more job cuts and flight cancellations, with airlines expecting a lower demand that could last for years.
Chipmaker Intel Corp has entered advanced talks to buy Moovit, Israel's public transit app, in a deal worth $1.0B, according to a Calcalist financial news media's report.