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.
According to sources with knowledge of the matter, Afghanistan's President Ashraf Ghani and his rival Chief Executive Abdullah Abdullah are close to finalising a power-sharing agreement.
According to sources familiar with the matter, the German conglomerate Thyssenkrupp began talks with its partners about consolidating its non-profitable steel business.
The Italian government decided on Sunday to ease lockdown by opening shops, restaurants and other public places.
On Sunday, the Israeli Parliament approved the new unity government formed by Benjamin Netanyahu, thus ending a yearly deadlock.
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.
According to sources with knowledge of the matter, Afghanistan's President Ashraf Ghani and his rival Chief Executive Abdullah Abdullah are close to finalising a power-sharing agreement.