Australia's coveted "AAA" rating came under a cloud on Wednesday as its parliament returned to pass an emergency A$130 billion ($80 billion) stimulus package to cushion the economic blow of the coronavirus pandemic.
Indian budget hotel chain Oyo has pledged to "do right" by offering free accommodation to coronavirus frontliner workers and citizens stranded overseas, even as the $10 billion start-up continues to battle criticism over its treatment of hotel owners.
The consequences of the coronavirus crisis will likely to be far more serious than the global financial crisis, said Singapore's home affairs minister, K. Shanmugam.
Levi Strauss, which has been around for 167 years, is going to use COVID-19 "as an opportunity to come out stronger on the other side," CEO Chip Bergh tells CNBC.
Pinterest said that it hasn't seen much exposure to the advertising segments most hurt by the coronavirus pandemic, including travel, automotive and restaurants.
"The business of G Suite is growing at an incredibly healthy and, frankly for me, surprising rate," Javier Soltero, vice president and general manager of G Suite at Google, told CNBC in an interview on Tuesday.
"The virus is not going to go away until we have a vaccine, so we're always going to have to find strategies to deal with this, to prevent the next wave," said Johns Hopkins University's Dr. Robert Bollinger.
Broad testing of people for the coronavirus as was done in South Korea could slow the spread of COVID-19 in some parts of the United States, an infectious diseases expert said.
Allstate CEO Thomas Wilson said driving began to fall dramatically beginning in the third week of March and is down around 35% to 50% depending on the state. "People stopped driving pretty much on their own," he told CNBC.
The European Central Bank will ease collateral requirements to make it easier for banks to borrow at rock bottom rates, it said in a statement on Tuesday.