H&M , the world's second-biggest clothing retailer, said on Friday it expected a loss in the second quarter after reporting a 46% plunge in March sales as the coronavirus pandemic took a toll on the retail sector.
German sportswear maker Puma proposed on Friday to suspend its 2019 dividend given the impact of the coronavirus pandemic.
JPMorgan said on Friday it has reached agreement with its Chinese partner to increase its stake in its Chinese mutual fund venture to 100%.
The generous U.S. unemployment benefits rolled out to blunt the economic harm caused by the coronavirus could have an unintended effect: it may actually be an incentive for companies to choose layoffs rather than keep staff on their books.
The dollar resumed its climb versus major currencies on Friday as investors once again made safety bids, amid worsening economic fallout from the coronavirus pandemic.
Air France-KLM is in talks with banks to receive billions of euros in loans guaranteed by the French and Dutch governments, as the airline group braces for a sustained coronavirus shutdown, sources told Reuters.
Airbus is studying a sharp cut in narrow-body production rates to accommodate industrial and delivery problems triggered by the coronavirus crisis, three people familiar with the matter said.
European stock markets sank on Friday, erasing meagre gains for the week, as more companies flagged a hit to business from the coronavirus pandemic while oil prices extended their previous day's gains on hopes of a global supply cut.
Organisers of the Beijing autoshow, which was scheduled to be held in late-April, said on Friday the event would be held between Sept. 26 and Oct. 5 due to the coronavirus pandamic.
Ryanair missed its 2020 target for passenger traffic and expects to book an exceptional charge of around 300 million euros for the year which ended last month, it said on Friday.
Benchmark Brent crude oil futures reversed losses incurred during Asian hours in early European trading on Friday to rise above $30 a barrel, with hopes of a huge global supply cut deal to support prices still alive.
OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10% of global supply, an OPEC source said after U.S. President Donald Trump called on oil nations to stop the oil rout caused by the coronavirus pandemic.
By some estimates, it will take until 2023 or even longer to bring the labor market back to where it was just week ago in February.
Alphabet Inc's Google has published charts showing how the coronavirus has brought hard-hit Italy to a standstill, led to runs on grocery stores around the world and prompted a stark drop in going-out between Mardi Gras and St. Patrick's Day.
Google on Thursday published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued stay-at-home orders to rein in the spread of COVID-19.