Uber Technologies has shifted its focus to its core ride-hailing and food delivery businesses, after cutting 23% of the company's workforce, seeking to become more profitable despite the crisis caused by the coronavirus pandemic.
Kevin Mayer, Walt Disney's top streaming executive, is set to leave the theme and entertainment parks giant, as he was appointed as TikTok's Chief Executive, both companies announced.
Tesla's China car registrations plunged as much as 64% to 4,633 units month-on-month in April from March's 12,709 reading, according to the data revealed by LMC Automotive.
Nasdaq Inc is planning to unveil its new restrictions on IPOs, mainly for China, making it harder for Chinese firms to debut on the stock exchange, according to Reuters.
Thyssenkrupp announced on Monday that it would seek partners for its warship and steel production divisions.
On Monday, J.C. Peney announced that it would shut down almost 242 stores as a part of its bankruptcy.
The President of the European Central Bank stated on Monday that she approves of the creation of a 500 billion Euro EU recovery fund.
On Monday, Delta Air Lines announced its plans to revive its flying operations at some major routes starting from June, after all of them were suspended amid the coronavirus pandemic.
On Monday, France and Germany proposed the creation of a 500 billion Euro Recovery Fund, which would give grants to firms in the EU.
The US auto industry is slowly recovering after the lockdowns caused by the COVID-19 outbreak with some of car assembly factories reopening and suppliers ready to back the sector that employs about 1M people.
On Monday, the International Monetary Fund's chief stated it was unlikely for the global economy to recover in 2021 after the damaging effect the coronavirus outbreak had on the world.
France's hotel group Accor, the owner of Ibis and Sofitel, secured a new €560M banking credit facility, after being hit hard during the coronavirus crisis.
Coffee firm JDE Peet's is expected to announce its intention to launch IPO on the Euronext stock exchange in Amsterdam, aiming to raise up to €2B.
Total announced that it called off plans to buy Occidental Petroleum's assets in Ghana due to the extraordinary market environment.
On Monday, Hertz Global Holdings has named Paul Stone as the company's Chief Executive, following concerns raised by the US car rental firm related to its operations after a bigger Q1 loss.
Apple Inc is set to reopen over 25 of its US stores this week, continuing to resume its services and processes and will soon top 100 open stores worldwide.
Panasonic Corp's Finance Chief stated the firm was expecting strong demand for its battery cells from the US partner Tesla, adding that they have entered talks over their Nevada joint plant expansion.
On Monday, SoftBank Group announced that Jack Ma, Alibaba's co-founder, is set to resign from the board, with SoftBank to propose new appointments, including group's CEO Yoshimoto Goto.
On Monday, Huawei Technologies responded to US cutting the company off from supply chains by calling US actions arbitrary.
The Norwegian Airlines share price fell by 50% on Monday, as the company completed a discounted sale of 400 million new shares.
On Monday, the French energy giant Total announced that it had purchased Portugal's EDP portfolio of 2.5 million business-to-customers base.
Robert Chote, the Chairman of Britain's Office for Budget Responsibility, stated on Sunday that the UK economy would recover slowly from the COVID-19 pandemic shutdown.
According to the Wall Street Journal report, published on Sunday, the United States is likely to revise the Paycheck Protection Program to cope with the economic impact of the COVID-19 crisis.
On Sunday, Britain's Chancellor of the Duchy of Lancaster, Michael Gove said that there was a post-Brexit trade deal to be done with the EU.