Finland's Nokia Oyj has signed a partnership with Intel to accelerate its shift to the 5G technology, the Finnish group stated on Thursday, following its announcement of a similar cooperation deal with Marvell Technology.
On Thursday, the International Air Transport Association reported that airlines are likely to lose up to $113B in the global passenger revenue this year due to the coronavirus outbreak.
Britain's John Lewis Partnership has triggered its business' strategic review following a report of a 23% drop in annual profit for the third consecutive time, reflecting a weak performance from the department stores unit.
On Thursday, Hugo Boss, the German fashion house, warned that it was expecting its Q1 results to be hit by the coronavirus outbreak, with sales plunging in Asia and in other core markets.
Microsoft Corp called on their employees in the Seattle area and California to work away from offices, at home, aiming to limit the coronavirus outbreak's spreading.
Uber Technologies' self-driving unit was open to using competitors' technology in the industry, the company's Chief Executive stated.
Toyota Motor Corp stated that it is recalling 3.2M cars worldwide to address an issue with fuel pump that could cause engines stalling.
Huawei is set to build French factory regardless of the government's decision whether to use the company's equipment in 5G network.
The incoming Governor of Bank of England Andrew Bailey stated on Wednesday that the central bank most likely would subsidize companies hit by the coronavirus.
On Wednesday, the World Health Organization announced that there is global shortage of medical supplies. The news caused a surge of medical supply producer stock prices.
It was revealed on Wednesday by Reuters that various central banks have paused their monetary easing measures that would battle the coronavirus due to the recent Federal Reserve rate cut.
On Wednesday, OPEC ministers met in Vienna to discuss crude oil production quotas. Meanwhile, crude oil prices hovered near historical low levels.
The government of Brazil stated on Wednesday that the Brazilian economy grew by 1.1% during the fiscal year of 2019. It was the slowest growth since 2016.
On Wednesday, European stock indices surged. The surge was attributed to the monetary easing done by the US, which made investments stocks more attractive.
Apple Inc's supplier Skyworks Solutions reduced its quarterly results outlook on Wednesday, blaming the coronavirus outbreak that disrupted distribution but stressing that its largely Asia-based output facilities had not been affected significantly.
Canada's billionaire and Aston Martin's investor, Lawrence Stroll, is considering the opportunity of sharing Formula One's technology with the carmaker's road cars range.
CloudMinds, a start-up backed by SoftBank, was banned from exporting the US-origin technology to China, marking new hurdles the tech companies should face due to the increased restrictions by the US government.
On Wednesday, General Electric stated it was expecting the coronavirus outbreak to cause the $300M-$500M hit to its Q1 cash flow, while reaffirming its profit and cash annual targets.
On Wednesday, the Bank of Korea stated that the US Federal Reserve rate cut gives the BOK more options in regards to monetary policy.
Canada's billionaire and Aston Martin's investor, Lawrence Stroll, is considering the opportunity of sharing Formula One's technology with the carmaker's road cars range, he stated on Wednesday.
Peixe, the Latin American e-commerce firm, has entered the advanced talks to take over Grow Mobility, the electric scooter start-up, potentially the latest acquisition in the crowded sector due to profitability remaining an elusive goal.
German retail sales rebounded by 0.9% in January in real terms following an upwardly revised plunge of 2.0% in the prior month, according to the data released by the Federal Statistics Office on Wednesday.
Nokia is set to slash up to 148 jobs this year in Finland, excluding the 5G development operations, the Finnish network equipment producer stated on Tuesday evening.
On Wednesday, Taiwan's Minister of Statistics Agency said that Taiwan would have no problem to maintain the GDP growth of 2% in 2020.