On Tuesday, Saudi Arabia's state oil company Aramco reported a 25% drop in its Q1 net profit, missing analysts' estimates, tumbled by falling crude oil prices amid the coronavirus crisis.
On Tuesday, Ryanair confirmed it would resume 40% of its scheduled flights starting from July 1, requiring passengers to bring their own face masks, as well as ask crew members' permission for the toilet use.
Toyota Motor will cut its North American output by 29% through October amid the coronavirus crisis, expecting to build about 800K vehicles, including its Camry sedans and RAV4 SUV crossovers, at the US, Mexico and Canada plants.
Starbucks is planning to reopen 150 drive-thru locations, as well as some takeaway stores, in Britain, after the country has eased road travel restrictions related to the coronavirus outbreak.
The billionaire Richard Branson is considering a sale of up to 25M shares in Virgin Galactic Holdings, the space tourism company, seeking to attract funds due to the coronavirus pandemic.
China's Tencent Music reported its Q1 revenue rose nearly 10% to 6.31B yuan, missing Wall Street expectations for 6.33B yuan, blaming the impact from the coronavirus crisis and sending the group's shares down over 3%.
According to Veem's survey, 81% of small US businesses are expecting the coronavirus crisis to affect their services and operations over the following 12-16 months, while nearly 90% brace for an economic slump.
Sweden's Ericsson is set to raise its 2025 outlook for 5G subscriptions to about 2.8B from 2.6B seen previously due to the impact of the coronavirus outbreak, the company stated on Monday.
Sales of the Volkswagen Group declined 67% in Germany in April, compared to the same period the prior year, Germany's largest car producer reports.
The Cyprus economy is expected to contract 6.9% in 2020 amid the coronavirus pandemic, a statement published by the Research Center of the University of Cyprus shows.
Israel's finance ministry agreed to finance 80% of a $400M bailout for the country's El Al airline, a statement published by the ministry shows.
The Turkish unemployment rate declined 1.1% to 13.6% in February, compared to the same period the previous year, data published by the Turkish Statistical Institute shows.
The US hotel operator Marriott's new income fell to $31M in the Q1, missing already lowered forecasts, as bookings plunged amid coronavirus-led travel restrictions.
Toyota Motor is set to cut production in North America by nearly 29% through October amid the coronavirus crisis.
Air France-KLM's Duch subsidiary KLM announced that all the passengers on its flights are required to bring their own face masks starting this Monday.
On Monday, Nissan Motor, the Japanese automaker, reported its China sales in April grew 1.1% from the prior year to 122,846 car units, as the world's largest auto market has recovered from the coronavirus.
According to Veem's survey, 81 of small US businesses are expecting the coronavirus crisis to affect their services and operations over the following 12-16 months, while nearly 90% brace for an economic slump.
The European Union antitrust regulators are set to decide on the Fiat Chrysler and PSA Group's $50B merger deal by June 17, according to European Commission's filing published on Monday.
On Monday, Toshiba Corp is expecting its operating profit for the financial year of over 130B yen, roughly in line with its previous forecast of 140B yen, due to a limited impact seen from the COVID-19 outbreak.
Sony suspended its China's PlayStation Store as it is seeking to boost its online store's security, temporarily preventing itself from game selling in the biggest video game market in the world.
Sweden's Ericsson is set to raise its 2025 outlook for 5G subscriptions to about 2.8B from 2.6B seen previously due to the impact of the coronavirus outbreak, the company stated on Monday.
On Monday, the Japanese telecom company SoftBank Corp stated it is expecting its full-year operating profit to climb 0.9% to $8.6B.
The Trump Administration has entered talks with the semiconductor firm, Intel Corp and TSMC, about constructing chip plants in the United States, both chipmakers stated.
The People's Bank of China announced on Sunday that it would step up its monetary policy measures to support the economy.