Portugal's flag carrier TAP has asked for a state-backed loan to aid the survival of the company, which is at its most fragile since it was founded, board Chairman Miguel Frasquilho said in a parliamentary hearing on Thursday.
Volkswagen Group on Thursday withdrew its outlook for 2020 amid uncertainty related to the coronavirus outbreak which caused operating profit to drop 81% in the first quarter.
Morgan Stanley posted a 32% fall in quarterly profit on Thursday as its advisory and wealth management businesses took a hit from the economic fallout of the COVID-19 pandemic.
The founder and biggest shareholder of easyJet said he would call for the removal of the low cost airline's chief executive and chairman in an escalation of his long-simmering row with management.
Italian trade unions said on Thursday they had agreed with CNH Industrial on health and security measures so the vehicle maker is ready to resume work as soon as lockdown rules are eased.
Barrick Gold expects a 8.5% drop in first-quarter gold production, it said on Thursday, as the COVID-19 pandemic forced miners to scale back operations and shutdown mines.
Santander on Thursday launched a money service app in the United Kingdom that will initially be free of fees for transfers of up to 3,000 pounds ($3,740) due to the coronavirus pandemic as lenders try to fend off competition from start-ups in the payments industry.
World stock markets seesawed while bond yields retreated on Thursday as dire U.S. jobless data underscored a deepening downturn amid the coronavirus pandemic and tamped down investor hopes a listless economy would soon be back on its feet.
Facebook's planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval.
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Apple Inc's new iPhone SE for the budget-conscious is unlikely to be a major driver of sales in China, a Weibo survey suggested, with analysts noting its lacks of 5G capability.
The United States opposes creation of liquidity through issuance of the International Monetary Fund's Special Drawing Rights (SDRs) as part of the response to the coronavirus pandemic, U.S. Treasury Secretary Steven Mnuchin said on Thursday.
"We could have seen the bottom," BlackRock co-founder and chief Larry Fink told CNBC on Thursday.
Abbott Laboratories beat quarterly profit estimates on Thursday as stay-at-home orders prompted customers to stockpile its nutrition products but the company suspended its full-year forecast due to the coronavirus-fueled uncertainty.
Airbus said on Thursday it had received multiple requests from customers to defer deliveries after travel demand collapsed due to the coronavirus epidemic.