Amazon.com Inc will only receive vital supplies at its U.S. and UK and other European warehouses until April 5, its latest move to free up inventory space for medical and household goods in high demand as a result of the coronavirus outbreak.
Luxury jeweler Tiffany & Co said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce working hours at other outlets, in an effort to contain the spread of the novel coronavirus.
Wall Street's main indexes looked set for a bounce on Tuesday, a day after their biggest drop since the 1987 crash, as efforts to contain the rapidly-spreading coronavirus upended parts of the economy and dampened business sentiment.
European airlines on Tuesday called on governments to draw up a package of measures including deferring taxes to rescue the struggling industry as the crisis caused by the coronavirus pandemic deepens.
The U.S. Senate on Tuesday prepared to weigh a multibillion-dollar emergency spending bill passed by the House of Representatives offering economic relief from the coronavirus pandemic as the Trump administration pressed for $850 billion more.
World share markets and oil prices struggled to shake off their coronavirus fears on Tuesday after Wall Street's worst rout since the Black Monday crash of 1987.
U.S. retail sales fell by the most in more than a year in February and the coronavirus outbreak is expected to depress sales in the months ahead, which could strengthen economists' expectations of a consumer-led recession by the second quarter.
Oil traded near $30 a barrel on Tuesday, close to its lowest since 2016, and analysts said more declines may follow as the coronavirus pandemic hits demand and Saudi Arabia and Russia battle for market share.
The Trump administration plans is seeking a $850 billion stimulus package aimed at buffering the economy against fallout from coronavirus, the Washington Post reported on Tuesday citing four unnamed officials familiar with the plan.
Morgan Stanley warned investors on Tuesday that the coronavirus pandemic is fundamentally disrupting the world's economy.
For this year's high school seniors, the coronavirus outbreak will have an indelible impact on their future college life, a new report shows.
Fiat Chrysler (FCA) has resumed limited production at its Atessa facility in Italy, the automaker's only open assembly plant, having halted operations at most of its European factories, a spokesman said on Tuesday.
Ventas Inc said on Tuesday it was experiencing a slowdown in move-ins at its senior housing business and withdrew its 2020 financial forecasts, as the coronavirus pandemic raises the risk of tenants moving out.
Europe's Airbus has signaled that some government support may be needed if the coronavirus crisis lasts for several months, two people familiar with the matter said.
British Airways is due to make an unspecified number of pilots redundant according to UK pilot union BALPA, as the airline seeks to reduce its costs to try survive the coronavirus crisis.