Amazon.com is planning to hire 75K more staff, the company announced on Monday, amid surging demand for online orders due to the coronavirus outbreak in the United States.
On Monday, Ford Motor said it was expecting a $600M pre-tax loss for the Q1 after the coronavirus outbreak affected its sales and shut vehicle assembly factories, causing a 21% fall in car sales to dealers compared to the same quarter last year.
Kia Motors Corp is considering to suspend its operations at three South Korean plants as the COVID-19 virus crisis hit the carmaker's exports to the United States and Europe.
Siemens CEO Joe Kaser said the tech giant would not cut its workforce due to the economic downturn caused by the coronavirus outbreak, although some working measures could potentially be prolonged in Germany.
Pou Chen Corp, the world's biggest manufacturer of branded footwear for such giants as Nike and Adidas, has suspended its production at the Vietnam plant over COVID-19 concerns, the Vietnamese state media announced on Monday.
Amazon has suspended accepting new online grocery customers at some of its Whole Foods stores due to a surging demand during the coronavirus crisis.
Goldman Sachs is still expecting oil prices falling in the following weeks, saying that an OPEC+ deal to trim output is unlikely to ease hit on demand caused by the coronavirus outbreak.
The People's Bank of China has raised its stake in India's Housing Development Finance from 0.8% to 1.01%, sending the Indian lender's shares up 3.5% on the news.
On Monday, the Asian Development Bank revealed that it would triple its stimulus package to $20 billion.
During early Monday's trading hours, crude oil prices surged in value, as OPEC+ made a deal to cut production output.
On Monday, the government of the United Kingdom stated the economy of the UK could shrink by up to 30%.
Crude oil prices edged higher on Monday after OPEC+ agreed to cut global supply by 9.7 million barrels per day in May and June.
On Sunday, Smithfield Foods announced that it would shut down a pork processing factory in the United States until further notice due to the coronavirus crisis.
On Sunday, the Saudi Arabian government extended the nationwide lockdown indefinitely due to the COVID-19 pandemic.
The Chinese government announced on Sunday that it has tightened its border controls with Russia, as China reported record-high new cases of imported COVID-19.
On Sunday, Etihad Airways announced that it would operate a limited number of flights to Tokyo, London, Brussels, Dublin and Zurich in April.
According to the Telegraaf report published on Saturday, Netherland's telecommunications network towers have been damaged by anti-5G protestors during the past week.
According to sources with knowledge of the matter, Macy's Inc has hired a financial adviser bank Lazard Ltd to explore ways to bolster finances.
According to the Kremlin, the American, Russian and Saudi leaders fully supported the agreement on oil production cut reached by the OPEC+ countries.
On Sunday, the OPEC countries plus other major producers ageed on the largest ever supply cut amid the coronavirus outbreak.
According to Canalys research, PC demand surged in the first quarter, but shipments declined 8% due to supply issues related to the coronavirus outbreak.
Saudi Arabia is set to release its May official selling prices for crude oil on Monday, having delayed the announcement until after negotiations held last week regarding production cuts.
AirAsia Group's founders are set not to take salaries, while its staff agreed to cut its pay by 75% amid the impact of the virus outbreak on the airline, the CEO stated.
The Ministry of Economy of the United Arab Emirates stated that it cut fees for its services to diminish the cost of business and support the economy due to the coronavirus outbreak.