The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s, the International Monetary Fund said on Tuesday.
Group of Seven (G7) finance officials on Tuesday vowed to continue to act as needed to combat the coronavirus pandemic and stabilize the global economy, and threw their support behind a push to provide temporary debt relief to the poorest countries.
Apple Inc shipped roughly 2.5 million iPhones in China in March, a slight rebound after one of its worst months in the country ever, according to government data published on Friday.
An unprecedented deal by oil producers to curb supply to match demand hollowed out by the coronavirus pandemic is set to depend partly on purchases by consumer countries for their strategic stocks on a scale not before seen.
U.S. House Speaker Nancy Pelosi on Tuesday rejected Senate Majority Leader Mitch McConnell's proposed emergency spending plan to help small businesses cope with the coronavirus outbreak, saying it did not do enough to help hospitals or state and local governments.
Mexico's president has incurred a debt with President Donald Trump by accepting U.S. help to end a standoff over global oil cuts, triggering concern the American president will in return make the country pay on issues like migration and security.
Delta Air Lines has taken over an order worth roughly $3 billion at list prices for 10 Airbus A350 jets from Latam Airlines Group , the Chilean carrier said.
Standard Chartered Plc is the first major global bank to tell employees not to use Zoom Video Communications Inc during the coronavirus pandemic due to cybersecurity concerns, according to a memo seen by Reuters.
Rolex, Patek Philippe and Chanel will not exhibit at MCH Group's Baselworld watch and jewellery trade show in 2021, they said on Tuesday, another blow to the flagging event that has already seen high-profile exits including Swatch Group .
General Motors Co said on Tuesday it has started mass production of ventilators needed to treat severely sick coronavirus patients and would deliver the first batch of the medical equipment to the United States government this month.
U.S. Federal Reserve officials have begun grappling with the complexities of how to simultaneously reopen the country's economy and protect against a resurgence of coronavirus infections, goals they've argued cannot be successfully separated.
The U.S. Treasury Department and passenger airlines have reached an agreement in principle on a $25 billion payroll support package meant to help airlines weather the economic impact of the coronavirus on travel demand, sources with knowledge of the matter said on Tuesday.
Texas energy regulators listened as top energy executives on Tuesday backed a plan to cut the state's output by 1 million barrels per day without tipping their hands through more than five hours of sometimes dire testimony.
U.S. stocks jumped on Tuesday as optimism that the Trump administration could move to ease lockdowns from the coronavirus overshadowed worrying earnings reports from JPMorgan and Wells Fargo.
Credit Suisse shareholders should reject its compensation report and deny its leadership a discharge in an upcoming vote, a proxy advisor said, the latest fallout from a spying scandal that cost ex-boss Tidjane Thiam his job.