The Cambodian economy is expected to slow down to 2.5% in 2020 after a 7.1% growth in 2019, a statement published by the World Bank shows.
The Egyptian tourism sector expanded to $13.03B in 2019, compared to $11.6B in 2018, a report published by the Central Bank of Egypt indicates.
The Vietnamese economy is expected to expand 4.9% in 2020, a decline from the previous estimate of 6.5%, a statement published by the World Bank shows.
China's four major telecom companies plan to spend $27.8B on 5G technology this year as the country aims to deploy new infrastructure projects to offset the impact of the COVID-19 pandemic.
On Tuesday, Xiaomi announced that its quarterly profits had jumped by 27% and had beaten previous profit forecasts.
As the last day of the quarter's trading started, global stock indices were expected to book the worst quarterly results since 2008.
On Tuesday, the State Bank of Vietnam stated that commercial banks need to cut operational costs, bonuses and dividends.
China's Huawei Technologies on Tuesday reported a 5.6% increase in its 2019 profit, the smallest annual profit rise in three years, tumbled by weak international sales amid the US campaign to ban its global expansion citing security concerns.
On Tuesday, the President of Indonesia Joko Widodo stated that the government would spend additional $25 billion on battling the impact of the coronavirus.
Swedish economy is expected to shrink 4% in 2020 due to the negative impact of the coronavirus outbreak on supply and demand, the country's Finance Minister Magdalena Andersson stated on Tuesday.
Ford Motor is set to produce 50K ventilators during the following 100 days at its Michigan plant in cooperation with the General Electric-owned healthcare unit, aiming to build 30K ventilators per month to treat patients with the coronavirus.
Spain will postpone its planned 5G spectrum auction amid the coronavirus outbreak, according to the government's decision announced on Monday.
Samsung Display, the South Korean panel maker, is planning to end the production of all its liquid crystal display panels in China and South Korea by this year's end, a spokeswoman stated on Tuesday.
On Monday, the Federal Reserve Policymaker and CEO of the Fed of Atlanta Raphael Bostic stated that the Federal Reserve could expand its monetary easing measures.
Data released on Monday by TrueCar revealed that during March US new auto sales had declined by 37%.
Ministers of the G20 countries held a video conference on Monday to discuss the impact of the coronavirus on the global economy.
On Monday, crude oil price benchmarks reached an eighteen year low level by trading below $20 per barrel.
Macy's Inc announced that it is set to furlough most of employees starting from this week, as all its stores remain closed to curb the coronavirus spread.
Ray-Ban maker EssilorLuxottica suspended its dividend amid the coronavirus pandemic and stated that it was delaying the annual shareholder meeting by a month.
UK's Aston Martin furloughed some employees, as the firm handled the fallout from the coronavirus outbreak due to which the company's car factories were closed.
The US President Donald Trump has extended the introduced stay-at-home guidelines until April's end, backing off a potential plan to boost the economy by resuming businesses, due to high concerns over the coronavirus pandemic.
Germany is aiming to release a smartphone app in the upcoming weeks designed to help trace the spread of the coronavirus infection after a pilot-version launched by Singapore showed it can be effective and not invade people's privacy.
Alphabet Inc is planning to donate over $800M in funds on producing medical supplies to battle COVID-19, the company's CEO Sundar Pichai announced.
Goldman Sachs sees S&P 500 dividends declining by 25% in the current year due to vulnerability of certain big dividend-paying industries to the economic impact of the coronavirus pandemic.