The US electric automaker Tesla Inc announced its plans to trim its on-site staff at the battery plant located in Nevada by about 75% amid the coronavirus outbreak.
On Friday, the EU stocks plunged, halting their largest-ever rally, as investors shifted focus to the coronavirus spread despite hopes for additional stimulus measures to overcome its economic impact.
On Friday, the US Dollar was about to book its largest weekly decline in a decade, as trillions of dollars were expected to be pumped into the market by the government.
China's Tencent Holdings has triggered a co-innovation lab together with Huawei for cloud game platform development, the world's largest game firm said on Friday.
Drugmaker Mylan's merger deal with Upjohn, Pfizer's off-patent branded drug division, is set to close only in this year's second half, both companies reported, blaming the coronavirus outbreak for the delay.
The US President Donald Trump is set to receive new recommendations from his advisers this weekend to battle the coronavirus outbreak to bolster the US economy, Mike Pence, the Vice President, said.
Nancy Pelosi, the US House Speaker, stated the chamber is expected to pass the $2.2 trillion relief bill on Friday to battle the coronavirus, following the Senate's approval of the economic rescue legislation earlier this week.
The balance sheet of the US Federal Reserve topped 5 trillion dollars in assets by collecting bonds and extending loans to central banks and mutual funds in Fed's effort to bolster the economy amid the global coronavirus outbreak.
Facebook Inc appointed Robert Kimmitt, the US Treasury's ex-deputy secretary, as its new lead independent director, according to Reuters.
China's Huawei Technologies has released its new flagship P40 smartphones this week during an online presentation, as the coronavirus thwarted the planned event.
General Motors and Ford Motor announced they would shore up finances in the face of the coronavirus outbreak that affects economy, with Ford planning to resume its production of the most profitable cars in April.
On Thursday, the US Federal Deposit Insurance Corporation and other agencies that regulate the markets issued a join call for an increase of small amount lending.
The Exchequer of the United Kingdom announced on Thursday that it would pay self-employed people 80% of their average monthly profit.
On Thursday, Nancy Pelosi, US House Speaker, stated that she expects the US Senate to pass the $2.2 trillion coronavirus relief on Friday.
At the end of European trading hours, stock indices moved up by 2.6%, recovering some of the recent losses.
Global smartphone sales plunged as much as 14% in February amid the fast-spreading coronavirus in the world, Counterpoint Research reported on Thursday.
Austria is set to postpone the 5G frequency auction amid the global coronavirus outbreak, according to Thursday report by the telecoms regulator RTR.
The US Senate has offered an unprecedented $58B worth aid to struggling carriers to help cover staff wages, as airlines around the world call for state support, turning passenger jets into cargo liners, as they desperately seek revenues.
Global smartphone sales plunged as much as 14% in February amid the fast-spreading coronavirus in the world, Counterpoint Research reported on Thursday.
On Thursday, the US weekly jobless claims reached a staggering record of 3.28 million, which is the largest number in history, including the Great Depression.
The European antitrust regulators will pass their verdict on the EssilorLuxottica's $7.8B bid for GrandVision, the Dutch optician group, by July 24.
On Thursday, Seiji Adachi, who just joined the Bank of Japan board, stated that providing liquidity to the markets is a better policy than cutting central bank rates.
Mitsubishi Corp, the Japanese trading house, and Chubu Electric Power have finalised their $4.5B acquisition of Eneco, the Dutch energy firm, on March 24, according to a Reuters report.
Airbnb has conducted a meeting with bankers via phone to discuss the possible extension of its $1.0B debt facility as the company is struggling with a slowdown amid the coronavirus outbreak.