According to the S&P Global Ratings, Abu Dhabi's economy is expected to fall 7.5% because of the coronavirus pandemic and low oil production.
Tencent Holdings, the Chinese internet giant, is negotiating a potential investment of $200M in Warner Music Group, right before of the record firm's planned IPO next week, according to the Wall Street Journal.
Zoom, the video conferencing provider, is planning to boost video calls encryption for its paying customers and institutions, but not for users with free consumer accounts, the firm stated.
According to Statistics Canada data report, published on Friday, Canada's GDP growth in April declined by 11% from March, as the COVID-19 crisis batter the economy.
Georgia's economy contracted at an annual 3.6% rate in the first quarter of 2020. preliminary data revealed on Friday.
According to the national statistics institute INE, Chile's jobless rate hit 9% within February and April, as the COVID-19 crisis batter the Chilean economy.
Alexander Novak, the Energy Minister of Russia, discussed trade and investment cooperation with the Iranian Energy Minister Reza Ardakanian.
France's energy major Total faced at least $12B revenue shortfall amid oil prices drop, the CEO stated, a third higher compared to prior estimate.
China's internet giant Tencent Holdings was in talks to invest $200M in Warner Music, ahead of the record firm's IPO next week, the WSJ reported.
On Friday, the German financial market watchdog said that it was examining whether the CEO of Wirecard Markus Braun, violated the insider-trading laws.
On Friday, Brazil's Central Bank figures showed that the Brazilian national debt t rose to a record 79.7% of the gross domestic product in April.
According to data, published by the government statistics agency IBGE, Brazil's gross domestic product contracted by 1.5% in the Q1. The biggest decline since 2015.
On Friday, the Dow Jones Industrial fell by 0.30% at the open, while the S&P 500 declined by 4.56 points, as investors awaited a news conference on US-China relations from President Donald Trump.
On Friday, Uber Technologies announced it would launch booking options for hourly rides in some US cities, aiming to help Americans with their essential trips amid the coronavirus pandemic.
The German automaker Volkswagen has become the largest shareholder of Guoxuan High-Tech, the Chinese electric car battery maker, owning a 26.5% stake, according to Guoxuan's stock exchange filings.
Amazon.com is likely to offer permanent roles to around 70% of its new US workforce the company has hired temporarily in order to meet the rising consumer demand during the lockdowns caused by the coronavirus pandemic.
Geely Automobile Holdings has raised $836M from a share sale as the Chinese carmaker seeks to replenish its coffers with the intention to finance the world's biggest auto market growth.
The German automaker Volkswagen is set to have full control of China's JAC-VW joint venture's management, the carmaker's Chinese CEO stated on Friday.
On Friday, China's ride-hailing firm Didi Chuxing stated it had finalised a fundraising round worth more than $500M for its self-driving subsidiary.
On Friday, Renault announced it had entered talks with unions about restructuring several car factories located in France, potentially leading to shutdowns, as the carmaker confirmed plans to slash about 15K jobs worldwide.
Nordstrom, the luxury department store chain, posted a nearly 40% drop in its quarterly sales, tumbled by its stores closure amid the coronavirus outbreak.
ViacomCBS is slashing up to 400 roles across CBS, seeking to save $700M from the company's merger with CBS, according to Reuters.
Dell Technologies topped analysts' expectations for its quarterly revenue, driven by its workstations demand, as many firms moved their employees to remote work due to the COVID-19 outbreak.
The US network gear maker Cisco Systems is set to acquire ThousandEyes, the privately-owned software maker, in a deal worth nearly $1B, according to Bloomberg.