An early victim of the oil price crash has been the U.S. shale industry, which is now hemorrhaging jobs as highly-indebted oil producers in the U.S. begin filing for bankruptcy.
J.C. Penney is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores, upending its turnaround plans, according to people familiar with the matter.
Many governments have announced large amounts of stimulus to support their respective economies, with some taking up more debt to fund those expenditure.
Major international creditors will relieve the world's poorest countries of debt payments this year to help them deal with the coronavirus pandemic, France announced on Tuesday.
While the coronavirus pandemic has wreaked havoc on stock markets, it has shone a spotlight on one emerging investment category particularly popular with young people.
Many Chinese companies are still planning to list in the U.S., despite increased scrutiny on the issuers in the wake of disclosures of fraud at high-profile stocks such as Luckin Coffee.