Standard Chartered announced that it expects global oil demand to drop markedly in 2020, citing the coronavirus spread and travel restrictions imposed to constrain it.
Nissan stopped production at the UK biggest car factory amid coronavirus impact, as it assessed the drop in market demand and supply chain disruption.
Dixons Carphone is set close all 531 standalone Carphone Warehouse stores in the UK and cut 2.9K jobs within a plan to turn around mobile phones business.
Finland's retailer Stockmann announced that it would start negotiations with 1.4K of staff for temporary layoffs for up to three months amid the coronavirus situation.
On Tuesday, French carmaker Renault announced it was suspending all of its operations in Spain after the Spanish government declared the state of emergency due to the coronavirus crisis.
Nordstrom Inc will temporarily close its stores located in Canada and the United States and pull the company's fiscal 2020 outlook, as the luxury goods retailer joins the list of firms seeking to tackle the coronavirus.
Goldman Sachs trimmed its outlook for China's gross domestic product of the Q1 to a year-over-year contraction of 9%, compared to the previous estimate of 2.5% growth amid "strikingly weak" economy in the last two months.
Credit Suisse offered its employees a month-long paid leaves in case those are needing to look after children and/or family members who have been affected by the outbreak of coronavirus.
Airbus announced on Tuesday it would suspend operations at its Spanish and French factories for at least four days due to the coronavirus crisis spread that had already hit the manufacturing and other sectors.
On Wednesday, South Korea is set to announce new measures to ease the dollar funding squeeze in the local market, the government said to Reuters.
India has closed it main tourist site Taj Mahal and the Mumbai financial hub, ordering offices that provide non-essential services to send half of their staff home in the country's efforts to prevent the coronavirus spread.
Denmark's lender Danske Bank anticipated lower net income in 2020 and suspended this year's forecasts amid uncertainty in the macroeconomic outlook linked to coronavirus.
Samsung Electronics has introduced electronic voting for the 2020 annual general meeting, scheduled for March 18, calling on shareholders to use this method to prevent the coronavirus spread.
The teleconference business apps, such as WeChat Work, Slack, Tencent Conference and Microsoft Teams, have shown a surge in demand due to the coronavirus outbreak that triggered changes in the work processes of many corporations.
Bill Gates, Microsoft Corp's co-founder and the man who made the tech giant one of the most valuable technology companies in the world, has stepped down from its board, seeking to shift focus to climate change, global health and education.
Amazon.com Inc is planning to hire 100K delivery and warehouse workers in the US amid surge in its online orders caused by the coronavirus spread that made consumers shift to online shopping.
Norwegian Air is set to cancel 85% of the carrier's flights and lay off 7,3K of its employees due to the growing coronavirus crisis, until the situation becomes more favourable, as the outbreak has hit the air travel demand.
Nike Inc's revenue is likely to plunge by 34% or $3.5B in the Q4, according to Cowen, as the sportswear firm struggles from store shutdowns and supply disruptions due to the coronavirus outbreak.
France's carmaker Renault announced that it halted production at 12 industrial sites in France until further notice because amid the coronavirus outbreak, affecting 18K workers.
Nike Inc's revenue is likely to plunge by 34% or $3.5B in the Q4, according to Cowen, as the sportswear group struggles from store shutdowns and supply disruptions due to the coronavirus outbreak.
Lockheed Martin Corp's veteran Marillyn Hewson is set to step down as the company's CEO and will be replaced by James Taiclet, the American Tower Corp's boss and Lockheed's board member.
Norwegian Air is set to cancel 85% of the carrier's flights and lay off 7,3K of its employees due to the growing coronavirus crisis, until the situation becomes more favourable, as the outbreak has hit the air travel demand.
Volkswagen's Autoeuropa vehicle assembly factory in Portugal has trimmed its daily production by 16% due to a shortage of working people after the country ordered schools shut down amid the outbreak of coronavirus.
On Monday, France's competition watchdog has fined Apple Inc €1.1B for abuse of the economic dependence on Apple's resellers and anti-competitive behaviour seen in the company's distribution network.