On Tuesday, the US Senate passed a $484B coronavirus aid package, which expands funding for loans to small businesses.
On Tuesday, China's electric vehicle producer BYD Co announced that its net profit for 2019 fell by 42% due to cuts in government subsidies for new energy vehicles.
According to the US National Association of Realtors report, the existing US home sales fell by 8.5% in March. The decline was the largest since November 2015.
The number of properties sold in Spain in February declined 1.1% year-over-year and 5% compared to the prior month, the National Statistics Institute stated.
Italy's GDP contracted around 5% in the Q1 of this year and is expected to shrink further 10% in the Q2, the country's budget watchdog stated.
Coca-Cola Co announced that it expected Q2 sales volumes to drop, as restaurants and other venues representing about the half of revenue remain closed amid the coronavirus pandemic.
Ireland expects its gross domestic product to decline 10.5% in 2020 and post a budget deficit of 7.4%, or nearly €23B, the Finance Ministry stated.
China's electric car producer BYD reported a 41.9% decrease in its net profit last year, as Chinese EV subsidies cut affected customer demand.
The US home sales fell markedly 8.5% to a seasonally adjusted yearly rate of 5.27M units in March, as measures to control the COVID-19 spread brought buyer traffic to a standstill.
Domestic air traffic plunged 70% globally, IATA reported on Tuesday, adding that the recovery is likely to be slow during the next six months amid the negative effect the coronavirus had on the global economy.
Comcast-owned movie ticketing service Fandango Media is planning to acquire Vudu, Walmart's video-on-demand service with the financial terms of the deal remaining undisclosed by now.
At the start of US trading hours, global stock indices declined, as worse than forecast corporate earnings increased worries about grim economic outlook.
Huawei Technologies revenue rose by nearly 1% to 182.2B yuan in the Q1, compared to a 39% growth reported a year earlier, tumbled by the US ban and the negative impact of the coronavirus pandemic.
On Tuesday, Middle East equity, currency and debt markets declined, as the recent fall of oil prices into negative impacted the oil producing region.
On Tuesday, Nissan Motor announced it would close its global Japan's headquarters through May 16 to prevent the coronavirus spread, despite the government's permission to keep workplaces open in order to get the Japanese economy running.
Ferrari has launched voluntary coronavirus testing is its employees to bring them back to work in the nearest time, as manufacturers across the world seek to resume production.
International Business Machines new CEO Arvind Krishna stated that clients have changed their priorities to saving capital due to the COVID-19 crisis, tumbling the company's software sales.
Lord & Taylor is considering to file for a bankruptcy protection, as all of the company's 38 US department stores remain closed due to the coronavirus outbreak, Reuters reported.
The Finance Minister of the United Kingdom Rishi Sunak revealed on Monday that more than a million employees have been sent to temporary leave.
On Monday, US restaurants asked the US Congress for additional financial stimulus, as the industry expects a loss of $240 billion.
As the US trading session ended on Monday, stock indices declined sharply, as they were pushed down by the losses in energy stocks that were caused by negative oil prices.
On Monday, as US crude oil futures expired a frenzy selling occurred. Crude oil prices reached negative $40 level for the first time in history.
Beijing's regional economy contracted to $105.5B in the first quarter of 2020, a decline of 6.6% from the same period the prior year, local authorities say.
The Egyptian tourism sector faces a grim period amid the coronavirus outbreak, the Egyptian Minister of Tourism and Antiquities Khaled al-Anany says.