With each week, more data emerges to show how the Covid-19 pandemic is permanently reshaping the restaurant industry. The world is currently on track for a radical overhaul of its food-service landscape: Hundreds have filed for bankruptcy over the last three months, according to consulting firm Aaron Allen & Associates, and the situation is poised to keep worsening. 

The Saudi central bank announced on Monday it provided 50bn riyals ($13.3bn) to support liquidity in the banking sector, after consumer spending collapsed in April because of the COVID-19 pandemic.

The Norwegian government proposes spending 3.6bn Norwegian crowns ($369m) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on Friday.

European Central Bank President Christine Lagarde on Wednesday warned that the eurozone economy will likely shrink by between 8% and 12% this year, a deeper downturn than previously anticipated, as governments battle the coronavirus pandemic.

Polish prosecutors have started an investigation into suspected money laundering at a small state-controlled lender BOS Bank, Dziennik Gazeta Prawna daily said on Tuesday, quoting an unnamed source. A spokesman for Poland’s financial sector regulator KNF asked on the matter by Reuters declined to comment.

The Bank of Japan offered on Tuesday to pump 1.7 trillion yen ($15.8 billion) into the economy under its lending scheme aimed at boosting loans to companies hit by the widening fallout from the coronavirus pandemic.

The New York Stock Exchange (NYSE) is set to reopen its trading floor on Tuesday after a two-month closure due to the coronavirus pandemic, news wires reported. But the exchange is likely to look very different as new rules come into effect, despite the fact that the NYSE is one of the few bourses to still feature floor trade as most others have shifted to fully-electronic trading.

European countries need to join forces to shield their banks from the coronavirus outbreak, one of the bloc’s top regulators said on Monday, potentially using a €500bn ($545bn) EU recovery fund to do so. The remarks from Jose Manuel Campa, who leads the European Banking Authority (EBA), will rekindle a divisive debate about whether rich countries such as Germany should support banks of poorer neighbours such as Italy.

Gold declined on Monday as Japanese equities rose on news of a potential stimulus program that boosted investors’ risk appetite, though fresh tensions over Hong Kong limited the metal’s fall. Gold is seen as a safe-haven asset during political and economic uncertainties.

Citigroup Inc is launching a new business unit within its corporate and investment bank dedicated to environmental sustainability to strengthen its commitment to an area that has grown increasingly important to corporate clients and investors.