The truckmaker AB Volvo announced on Friday its plans to temporarily lay off 20K of its Swedish staff from the next week as the company plans to shut down its production system in Sweden.
Yuanfudao, the Tencent-backed online education platform, is nearing to finalise a new round of fundraising at around $7.5B valuation, Reuters reported on Friday.
On Friday, Britain's Marks & Spencer warned about the severe impact from the coronavirus outbreak, sending the retailer's shares down 5.3%, taking its losses for this year so far to 49%.
On Friday, YouTube announced it would cut its platform's streaming quality in the EU bloc to prevent possible internet gridlock as the majority of Europeans are working from home since the EU countries are being on quarantine.
LATAM Airlines Group is planning to reduce pay to its 43K staff by 50% for the following three months amid economic fallout caused by the coronavirus crisis.
Boeing Co is expecting to temporarily halt the production at its twin-aisle jetliner plants due to the coronavirus spread, following the similar move by its EU rival Airbus SE.
Tesla Inc is eager to suspend production at its vehicle plant in San Francisco Bay Area starting March 24 due to the raised concerns over the coronavirus outbreak.
Netflix is planning to cut the bit rates across its European streams, in effect trimming traffic on its EU networks by 25%, seeking to preserve the unhampered functioning of the internet amid the coronavirus crisis.
Uber Technologies Inc's shares skyrocketed 44% on Thursday, following its CEO Dara Khosrowshahi's statement that the ride-hailing firm had enough cash to ride out the coronavirus crisis, signaling a recovery in its business.
Amazon.com has suspended its delivery service Prime Pantry in the US to restock groceries amid surging demand for online orders, as many shoppers are worried over the coronavirus pandemic.
On Thursday, shares of Uber Inc edged higher by 44% after CEO Dara Khosrowshahi announced that the company had enough money to ride through the coronavirus crisis.
On Thursday, the US Department of Energy announced that it would purchase about 30 million barrels of oil for an emergency stockpile.
The Italian automakers Fiat Chrysler and Ferrari are in negotiations with Italy's biggest ventilator company to help it increase the production of ventilators, which are necessary for the virus crisis.
On Thursday, the US Commerce Department reported that the current account deficit, which measures investments, the flow of goods and services in and out of the United States, declined by 12.4% in the Q4.
On Thursday, the US crude oil prices edged higher by 20%, recovering from yesterday's sell-off that pressure the oil prices to an 18-year low level.
Walt Disney Co expressed its concerns over the coronavirus spread that could impact consumer behaviour, causing further disruption to the company's business, as it had already shut down theme parks and halted cruises, films and shows.
Deutsche Bank has trimmed its outlook for the German economy amid the coronavirus fallout and is now expecting it to contract 4%-5% in 2020, adding that industrial production could decline by 10%.
On Thursday, Microsoft Corp reported that its conferencing and chat app Teams reached 32M users last week, as the majority of firms across the world shift to remote work due to the coronavirus outbreak.
On Thursday, Ford Motor announced it has a plan to draw down $15.4B from two credit lines and halt dividend, aiming to preserve cash, in its efforts to confront the negative impact caused by the coronavirus outbreak.
On Thursday, China's Xiaomi resumed its operations for more than 80% of the company's supply chain after the coronavirus outbreak in China, Xiaomi's president said.
The American transportation technology start-ups are feeling chill from the COVID-19 crisis, as venture investors warn new investment and funding exits are wearing thin as the economic forecast darkens.
Deutsche Bank has trimmed its outlook for the German economy amid the coronavirus fallout and is now expecting the Euro zone's biggest economy to contract 4%-5% in 2020, adding that industrial production could decline by 10%.
On Thursday, Amazon.com Inc had to temporarily shut down its Queens, New York hub and delivery station, after an employee tested positive for the coronavirus.
The UK fashion brand Superdry stated that it would miss 2020 targets due to the "unprecedented challenges" of the coronavirus outbreak.