Airbus announced new steps on Monday to bolster its financial position as a coronavirus pandemic cripples the travel industry, including the signing of a credit facility for €15bn. The European planemaker added it was withdrawing its 2020 financial guidance, dropping a proposed 2019 dividend that had a cash value of €1.4bn and suspending funding to top up staff pension schemes.

Confronted with a dizzying drop in prices, oil firms face a real challenge as they try to cut investment spending in order to survive a coronavirus-induced collapse in demand coupled with a Russia-Saudi Arabia price war, AFP reported.

Streaming television giant Netflix on Friday established a $100m fund to help suspended actors and production crews endure the hit to paychecks caused by the coronavirus pandemic. As stated by company's chief content officer Ted Sarandos, the fund is meant to help offset hardship in the "creative community," with most of the money going to financially troubled workers on Netflix productions around the world.

After months of anticipation and drips of details, Sony has finally revealed the specifications and hardware details for the PlayStation 5, its next-generation home console that’s planned for release this holiday season and will probably include 3D audio and support for nearly 100 older PS4 games, as reported.

The Bank of England has cut its base rate to a record low of 0.1% - warning the coronavirus pandemic will result in a "sharp and large" economic shock Its rate-setting committee, led by new governor Andrew Bailey, also decided at its unscheduled meeting to re-start the post-crisis asset purchase programme, also known as quantitative easing.

The technology that animated movies like “Toy Story” and enabled a variety of special effects is the focus of this year’s Turing Award, the technology industry’s version of the Nobel Prize. Patrick Hanrahan and Edwin Catmull won the prize for their contributions to 3D computer graphics used in movies and video games.

European shares marked their worst close in nearly seven years on Wednesday as recent stimulus measures failed to placate investors seeking to exit equities in the face of the coronavirus pandemic.

The novel coronavirus virus has caused a global pandemic. But because the Covid-19 disease is still being studied by epidemiologists, that gives room for conspiracy theorists, grifters, and opportunists to take advantage of the chaos, giving rise to a flood of misinformation or outright fake news on the web. To stem this tide, Google and other technology giants announced they are joining forces to combat misinformation.

Fears of massive bankruptcies and calls for emergency bailouts swept global airlines Tuesday as a top US official warned the coronavirus crisis threatens the industry even more than the 11 September attacks, which saw US airspace shut down entirely.

Volkswagen is preparing to suspend production across Europe as the continent struggles to contain the coronavirus pandemic. The German carmaking giant said Tuesday that production at its plants in Spain, Setubal in Portugal and Bratislava in Slovakia will be halted before the end of the week, while its German factories will close after Friday. The facilities produce cars under brands including Volkswagen, Audi, SEAT, Ducati, Porsche and Lamborghini.