On Tuesday, Merck & Co warned of a $2 billion hit to its 2020 sales due to the COVID-19 pandemic, as the company reduced its 2020 profit outlook.
Kevin Hassett, the White House economic adviser, said on Tuesday that another COVID-19 aid package could help drive the US economic growth in the Q2.
Tourist arrivals to Sri Lanka decreased by 31.5% to 507,311 in the first three months of this year amid the COVID-19 pandemic, the Sri Lanka Tourism Development Authority reports.
One of the leading Chinese display producers, BOE Technology Group, announced a revenue increase of 19.5% to $16.4B in 2019, data published by the company show.
The Namibian economy is expected to contract 6.9% in 2020 after a contraction of 1.1% in 2019, a statement published by the central bank shows.
The Asian Development Bank approved a $1.5B loan to the Indian government amid the COVID-19 pandemic, the ADB President Masatsugu Asakawa says.
The Afghan government's National Procurement Commission approved 48 contracts with a total value of $164M, a statement from the Presidential Palace shows.
The unemployment rate in Japan increased to 2.5% in March, the highest level in more than a year, a report published by the government shows.
On Tuesday, France's car hire firm Europcar stated it was continuing talks with the French government over receiving further financing aid, as the company was hit by the coronavirus outbreak.
The Scandinavian airline SAS announced on Tuesday it was likely to cut about 5K jobs as the carrier fights for survival during the coronavirus outbreak.
On Tuesday, Nissan Motor stated it expected its first full-year operating loss of $419.7M in more than a decade as Japan's carmaker tries to recover from falling car sales hit by the coronavirus outbreak.
British grocery sales increased 5.5% year-over-year in a month to April 19 due to consumers adapting to the coronavirus lockdown and making fewer purchases in stores, according to ab industry data.
On Tuesday, crude oil prices experienced another decline, as WTI crude experienced a 20% price drop.
On Tuesday, Germany's economic institute Ifo stated the country's 2020 economy was likely to plunge by 6.6% year-on-year amid the coronavirus crisis, after falling by 1.9% in Q1, with forecasts of a 12.2% contraction in Q2.
Spain's unemployment rate skyrocketed to 14.4% in 2020 Q1 due to a lockdown triggered by the coronavirus pandemic, the National Statistics Institute reported on Tuesday.
The Swiss drugmaker Novartis reported climbing Q1 profit and sales that topped analyst forecasts, confirming its 2020 targets due to the coronavirus outbreak that prompted patients to stockpile their medical prescriptions in advance.
Germany agreed on Lufthansa rescue package worth around €9.0B in return for a couple of supervisory board mandates and a blocking minority, according to Business Insider.
On Monday, the head of DoubleLine Capital Jeffrey Gundlach revealed that his firm expects another US stock low level.
It was revealed by Reuters on Monday that US banks have grabbed up nearly $310 billion of aid that was released by the US small-business loan program.
On Monday, Amazon announced that it would keep its French warehouses closed until May 5th.
During Monday's US trading hours, global and US stock indices surged, as better than expected earnings were reported.
Poland's airline LOT was in negotiations with Boeing to convert 787 Dreamliner jets into cargo carriers, aiming to narrow losses from the crisis.
Russia is set to cut its May oil output by 19% to 8.5M bpd from the level of 10.4M bpd in February-March, Interfax reported, citing Lukoil.
BP stated that it revised some financial terms of the $5.6B sale of the company's Alaska business to Hilcorp, as the drop in oil prices is likely to result in lower cash boost.