The US President Donald Trump decided on Tuesday to stop funding the World Health Organization (WHO) amid its behaviour during the coronavirus outbreak.
According to the Bloomberg News report published on Tuesday, J.C. Penney Co has approached AlixPartners LLP, as the US brick-and-mortar retailers look for ways to manage its debt.
On Tuesday, Rolex, Chanel and Patek Philippe announced that they would not exhibit at the MCH Group Baselworld trade fair in 2021.
German retailer Adidas received an approval for a syndicated €3B loan baked by the government to mitigate the financial impact on the business from the COVID-19 spread
France's court ruled that Amazon will have to limit deliveries in France to medical supplies and food, while evaluating the risk of the virus spread at warehouses.
Global airlines are set to lose $314B in revenue amid the coronavirus outbreak hit this year, according to an outlook given by IATA, which lifted its forecast from the $252B figure reported on March 24.
On Tuesday, shares in Norwegian Air dropped by 60%, after the company proposed for a financial rescue package, namely the debt-for-equity swap, on April 8.
US import prices plunged 2.3% in March, following the downwardly revised 0.7% fall in February, marking import deflation which could deepen due to the coronavirus pandemic.
Wells Fargo & Co reported its Q1 profit tumbled to $42M from $5.51B a year earlier after the US lender pledged money to cover the potential loan-losses from the COVID-19 pandemic.
The world's biggest brewer Anheuser-Busch InBev is considering to halve the final dividend, postponing its annual general meeting due to uncertainty about the coronavirus pandemic.
On Tuesday, Renault SA announced it would exit the loss-making venture with Dongfeng Motor Group due to slumping sales, becoming the second global carmaker to withdraw from a major Chinese venture in recent years.
Britain's largest and busiest Heathrow Airport is seeing its passenger demand to tumble by more than 90% in April, a major drop caused by the coronavirus outbreak and global restrictions preventing people from travelling.
The French budget deficit is seen to hit a 9% of the GDP in the current year, the country's budget minister Gerald Darmanin stated, adding France has never seen such reading since World War Two.
During Tuesday's European trading hours, crude oil prices declined, as production cuts failed to cause a surge.
President Donald Trump has pledged that his Administration would complete the plan to re-open the shuttered US economy soon, following a major shutdown caused by the coronavirus spread.
Amazon.com is planning to hire 75K more staff amid surging demand for online orders due to the coronavirus outbreak in the United States.
Apple Inc reported it had shipped 2.5M iPhones in China last month, marking a slight rebound following its worst month in the country in recent years.
On Tuesday, SoftBank Group's shares dropped as much as 3.5% on expectations the Vision Fund is set to record a $16.73B loss in the financial year-end in March, its first in 15 years, amid the falling bet values on unproven startups.
The US Treasury revealed during the holidays that it would want warrant payments on 30% of grants given out to US airlines.
On Monday, the Ministers of Health of G20 countries revealed that next week the officials of the countries would hold an online meeting.
During Monday's US trading hours, stock indices declines in value, as US companies were expected to report bad first quarter results.
On Monday, the US Federal Reserve warned that the US economy is bound to have a slow recovery in the aftermath of the coronavirus epidemic.
On Monday, eBay appointed Walmart's Jamie Iannone as its new top boss, as the e-commerce company faces pressure from Starboard Value, its activist investor, to reshape its management.
Amazon.com is planning to hire 75K more staff, the company announced on Monday, amid surging demand for online orders due to the coronavirus outbreak in the United States.