Major U.S. energy companies are taking an axe to their rig numbers, deepening production cuts for the industry that in the last few years made America the world's number one oil producer.
Moody's has downgraded its outlook for banking systems in South Africa, Nigeria and Morocco amid concerns over the fallout from the coronavirus pandemic and tumbling oil prices.
Planemaker Airbus on Wednesday posted a 49% slump in first-quarter adjusted operating profit amid the "gravest crisis the aerospace industry has ever known".
"We're in war," President Donald Trump proclaimed at a White House news conference last week. "I call it the 'invisible enemy.' That's the war, and it's a dangerous war."
Artificial intelligence has been hailed as a monumental technology that will change the world, but coronavirus is showing that it is still in its infancy.
"Nio hasn't lowered its annual forecast as a result of the virus," CEO William Li said, according to a CNBC translation of his Mandarin-language remarks.
Since being put on the U.S. blacklist, Huawei has focused more on China and increased its smartphone market share at the expense of rivals like Xiaomi and Oppo. That has hurt Qualcomm.
Barclays on Wednesday reported a 42% fall in first-quarter net profit year-on-year and took a £2.1 billion ($2.62 billion) credit impairment charge due to the coronavirus pandemic.
Profit attributable to shareholders for the London-headquartered bank came in at $810 million for the first three months of the year, down from $917 million over the same period in 2019.
Samsung warned sales and profits of smartphones and TVs are "expected to decline significantly as COVID-19 affects demand and leads to store and plant closures globally."
The German lender set aside 260 million euros ($282 million) to deal with potential loan losses as a result of the coronavirus crisis, as the bank as it reported its first-quarter results in full.
Italy's credit rating has been downgraded to one notch above junk level by Fitch ratings agency as the coronavirus hurts Italy's already fragile economy further.
Volkswagen on Wednesday said it expected to be profitable on a full-year basis even as the coronavirus pandemic caused first-quarter earnings to plunge.