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.

Norwegian Air Shuttle, whose financial difficulties have been exacerbated by the coronavirus shutdowns, announced it had canceled an order for 92 Boeing 737 MAX aircraft and 5 Dreamliners, AFP reports.

Anglo-Dutch energy giant Royal Dutch Shell will take a vast second-quarter charge of up to $22 billion due to coronavirus and collapsing oil prices, it announced today quoted by AFP.

Starting on Tuesday, a new train service will connect Berlin and Dresden with Prague, Vienna and Graz, restoring the historic Vindobona service. The new connection is a cooperation between Deutsche Bahn (DB), Austrian Federal Railways (ÖBB) and Czech Railways (CD), news wires reported.

British energy group BP, hit hard by the coronavirus pandemic slashing demand for oil, announced Monday the sale of its petrochemical business to rival Ineos for $5.0 billion (€4.4 billion).

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.

France's oldest nuclear power plant will shut down on Tuesday after four decades in operation, to the delight of environmental activists who have long warned of contamination risks, but stoking worry for the local economy. Yet, France remains the world's biggest consumer of nuclear energy.

Facebook said Friday that it will flag all “newsworthy” posts from politicians that break its rules, including those from President Donald Trump. Previously, CEO Mark Zuckerberg had refused to take action against Trump posts suggesting that mail-in ballots will lead to voter fraud, saying that people deserved to hear unfiltered statements from political leaders. Twitter, by contrast, immediately slapped a “get the facts” label on them.

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.

In order to develop and deliver tests, treatments and vaccines for Covid-19, a World Health Organisation-led coalition fighting the pandemic is asking government and private sector donors to help raise $31.3bn in the next 12 months.