The Saudi Arabia Monetary Authority (SAMA) injected $13.3 billion into the economy; Saudi banks deferred loan payments for all public and private healthcare personnel for three months.
While several countries are suffering a fresh surge in infections — particularly the United States — the ongoing easing of lockdown measures and reopening of economies has been the key driver of a months-long surge across equities.
The company has hundreds of retail stores worldwide, including 42 in China that closed or operated with reduced hours at the height of the country's outbreak.
Stock markets tumbled across the globe and oil prices slumped Thursday after President Donald Trump banned all travel from mainland Europe to the United States for a month to fight the coronavirus pandemic, ramping up fears of worldwide recession.
US Senate majority leader Mitch McConnell said the fiscal stimulus package, expected to be worth $2 trillion, had been agreed upon and would be put to a vote later on Wednesday.
China’s central bank on Monday cut an interest rate on loans to banks by the largest margin in five years and injected 50 billion yuan ($7 billion) into the financial system to help the world’s second-largest economy weather the coronavirus impact.
Recent data shows a shift to shopping online — according to Kantar consulting group, international e-commerce grew 41 per cent in only three months compared with 22 per cent growth for 2020 as a whole to date, as the pandemic "transformed" retail habits.
French gross domestic product shrank 5.8% in the quarter from the previous three months, when the euro zone's second-biggest economy contracted 0.1%, the INSEE official statistics agency said.
SAS, which furloughed around 90 percent of its staff in mid-March, said it would begin processes to cut around 1,900 full-time positions in Sweden, 1,300 in Norway and 1,700 in Denmark.
Alphabet’s Google published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued stay-at-home orders to rein in the spread of the novel coronavirus pandemic.