Overnight Tuesday, Tesla said it is cutting prices for its Model 3, S and X in North America by as much as 6%, and Model S and X vehicles in China by 4%.
Boeing is laying off more than 6,000 employees this week in a bid to cut costs as the coronavirus roils demand for air travel. The company aims to reduce its head count, which numbered more than 160,000 in 2019, by 10%.
"After 19 years, it is time for them to police their own Country. Bring our soldiers back home but closely watch what is going on and strike with a thunder like never before, if necessary!" Trump tweeted Wednesday.
Goldman, a top player in global trading and capital markets businesses, sent employees home in March as lockdowns began in the U.S. Now, some of the 98% of bank employees working from home will begin to return to the bank's offices in Manhattan, New Jersey and Connecticut.
The multiple shocks facing young people from the coronavirus pandemic could result in them being scarred throughout their working lives, creating a "lockdown generation," the United Nations' labor agency warned.
Renault, Nissan Motor Co and Mitsubishi Motors Corp <7211.T> ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car production to save costs and salvage their troubled alliance.
The European Commission has unveiled plans for a 750 billion euro ($826.5 billion) recovery fund as the region faces the worst economic crisis since the 1930s.
Global GDP (gross domestic product) will not return to pre-coronavirus levels until 2022, and public debt levels will increase sharply this year, according to a new report from the Economist Intelligence Unit.
Pressure is mounting on Boris Johnson as the political battle intensifies over his closest aide Dominic Cummings, who is accused of breaking U.K. lockdown rules.