Airbus SE embarked on the most extensive restructuring in its history, setting out plans to cut 15,000 civil-aerospace jobs worldwide as it attempts to steer through the crisis brought on by the coronavirus pandemic.

Ryanair is planning around 3,500 job losses if it cannot agree pay cuts with its staff, the airline’s boss Michael O’Leary said on Wednesday.

Advertisements for more than 400 brands including Coca-Cola and Starbucks are due to vanish from Facebook on Wednesday, after the failure of last-ditch talks to stop a boycott over hate speech on the site, Reuters reports.

Airbus is set to announce on Tuesday a restructuring involving thousands of job cuts as it deals with the fallout from impact of the coronavirus crisis, union officials said.

Athletic apparel maker Under Armour announced on Saturday it will discontinue its partnership with UCLA - a 15-year, $280m accord announced in 2016 that was billed as the largest apparel deal in the history of American collegiate sports.

Microsoft is giving up on physical retail. On Friday the company announced plans to permanently close all Microsoft Store locations in the United States and around the world, except for four locations that will be “reimagined” as experience centers that no longer sell products.

Wirecard - a German payment provider company viewed just a week ago as a strong, solvent company - filed for bankruptcy on Thursday as it continues to reel from the news that vast sums on its ledger might have never existed.

The fate of Germany's ailing Lufthansa airline will be decided on Thursday at an extraordinary shareholders' meeting, in which a €9bn ($10bn) government bailout will be put to a vote.

Google will invest as much as $2bn to build a data centre in Poland, which will deal with cloud services, the Puls Biznesu daily said on Wednesday. News of the investment follows an announcement by Microsoft in May that it will also invest $1bn in a seperate Polish data centre, as the largest economy in the European Union’s eastern wing tries to position itself as a regional technology hub.

Italy approved a decree offering state guarantees for a €6.3bn loan to Fiat Chrysler’s Italian unit, paving the way for the largest crisis loan to a European carmaker,  news wires reported. Italy’s audit court had signed off on the decree, in a final step of what had been a lengthy and contested process to get the loan approved, said a source close to the matter. The court’s approval follows an earlier endorsement by the economy ministry.