The Energy Minister of Norway Tina Bru stated on Saturday that the country was ready to decrease oil production upon condition that OPEC+ plan would be implemented.
Nissan Motor's management stated that its restructuring plan, which is due out in May, would assume cutting annual sales target by 1M cars.
Siemens is unlikely to cut its workforce amid the virus-triggered downturn, though short-time measures could be expanded in Germany, the CEO stated.
The European Commission decided on Saturday to impose anti-dumping duties on stainless steel improted from China, Indonesia and Taiwan.
The British National Health Service warned the government on Saturday that doctors and nurses experience shortage of protection equipment.
Honeywell International Inc stated on late Friday that it had restored a credit agreement with Citibank and JPMorgan Chase worth $1.5B.
Triumph Group Inc, the American supplier of plane details for Boeing, stated on Satarday that would furlough 2.3k employees up to a month amid temporary close of Boeing plants.
Apple and Google stated on Saturday that they would create a technology capable of tracking user's contacts with other people in order to help to contain the spread of the virus.
On Friday, the Mexican President Andres Manuel Lopez Obrador said that the United States agreed to cut output by 250,000 barrels a day to assist Mexico to commit to the global reductions.
On Friday, Austria's Finance Minister Gernot Bluemel said that he hoped the coronavirus recovery fund would not be used as a back door for coronabonds.
According to sources with knowledge of the matter, KKR's Envision Healthcare Corp has hired a bank to explore ways on debt restructuring.
On Friday, Portugal's President Marcelo de Sousa said that he plans to extend the coronavirus lockdown until May 1, as the number of confirmed COVID-19 cases in Portugal surged above 15,000.
Kristalina Georgieva, the IMF Managing Director, has created a new advisory panel to provide information on monetary policy challenges on the coronavirus crisis.
Russia, Saudi Arabia and others in the OPEC+ group would pressure Mexico to join the crude oil supply cuts and will also press the United States to get involved.
On Friday, Ireland's Minister of Finance Paschal Donohoe said that he thinks the United Kingdom would not be changing the timeline they have concerning Brexit.
On Friday, the Austrian Finance Minister Gernot Bluemel said that the coronavirus recovery fund should not be used as a backdoor to coronabonds.
Fatih Birol, the Executive Director of the International Energy Agency, said in a statement on Friday that he hoped the meeting of G20 Energy Ministers would help restore stability to crude oil markets.
According to sources with knowledge of the matter, KKR's Envision Healthcare Corp has hired a bank to explore ways on debt restructuring.
On Friday, the French Finance Minister Bruno Le Maire said that the coronavirus rescue fund would be financed by a jointly issued debt.
The European Union Finance Ministers agreed on Thursday night to half a trillion Euros worth of new measures to fight the impact of the COVID-19 pandemic of the economy.
On Thursday, Democratic US Presidential candidate and the former Vice President Joe Biden proposed expanding Medicare access and forgiving student loan for lower-income Americans.
Ireland is set to ease the coronavirus lockdown restrictions step by step, the country's senior health official announced on Friday.
Tesla reported its China car sales hit record high of 10,160 vehicles in March, which is around 30% of its battery electric cars sold in the country.
Airbus decided to shelve its plans to build a new A321 airliner assembly line in France, as the planemaker is struggling with negative impact caused by the coronavirus crisis.