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Ford Motor Co said on Friday it would tap debt markets to shore up its cash reserves as the coronavirus outbreak pummeled vehicles sales and halted production, resulting in an estimated loss of about $2 billion for the first quarter.

Volvo Cars will reopen its Torslanda factory and offices in Sweden next week after overhauling its production processes to help prevent coronavirus infections, following a three week shutdown caused by the pandemic, the carmaker said on Friday.

General Electric Co's aircraft leasing subsidiary on Friday canceled 69 orders for Boeing Co's grounded 737 MAX jets as it evaluates its order book during the coronavirus pandemic, the latest setback for the U.S. planemaker.

Shares of Gilead Sciences Inc rose 8% on Friday after a report that patients with COVID-19 treated with the company's experimental drug, remdesivir, in a clinical trial showed rapid recovery in fever and respiratory symptoms.

Nigeria's Rivers State has quarantined 22 Exxon Mobil Corp. employees for violating an order introduced last month restricting movement into the state to curb the spread of the coronavirus, its governor said on Friday.

In a bleak year that has seen Brazil's Bovespa slump to the worst performance of any major world stock market amid a coronavirus-linked retreat from risk, electric motor maker Weg SA has been the index's improbable champion.

The Chinese-backed owners of Imagination Technologies told the British government on Friday the chip designer would remain headquartered in the United Kingdom and they would consult over any board changes.

Bank of England Governor Andrew Bailey told Britain's banks on Friday to "put their backs into it" and speed up lending to small companies, saying the coronavirus crisis was likely to deliver a historic blow to the economy.

The World Bank and International Monetary Fund should seek case-by-case solutions to ease debt burdens on middle-income countries hit by the coronavirus pandemic, key shareholders said on Friday, fueling calls to widen relief already provided to the poorest countries.

Chile's LATAM Airlines , South America's largest carrier, will cancel 95% of its scheduled flights in May, the company said on Friday, maintaining similar levels to its current operations due to the coronavirus crisis.

E-commerce giant Amazon.com Inc is preparing to launch an ultra-fast grocery delivery service in the UK, trade magazine the Grocer reported on Friday, citing suppliers.

From Africa to Asia and Latin America, emerging countries disproportionately bruised by the COVID-19 pandemic are allowing some key industries to start back up in a bid to soften the economic blow.

Global stocks rallied on Friday on President Donald Trump's plans to revive the coronavirus-hit U.S. economy and hopes of a potential drug to treat COVID-19, while the dollar fell amid a growing risk-on sentiment among investors.

Private equity firm Canyon Bridge, the Chinese-backed owner of Imagination Technologies, told the British government it was committed to keeping the chip designer headquartered in the UK, confirming an earlier Reuters report.

Investors fled to safety as worries about the coronavirus outbreak increased, leading to heightened volatility and requiring the Federal Reserve to respond rapidly to stem losses from a "synchronized global selloff" and to help markets function, a senior official at the New York Fed said Friday.

Wall Street bounced on Friday as Boeing said it would resume production of commercial jets, with investors also cheering President Donald Trump's plan to reopen the economy and on hopes of a potential drug by Gilead Sciences to treat COVID-19.

Activist investors say telecommunications pioneer AT&T Inc will not take their calls for its upcoming annual meeting, reinforcing their concerns that the shift of the gathering to cyberspace due to the COVID-19 pandemic would restrict shareholder input.

The Chinese-backed owners of Imagination Technologies told the British government on Friday the chip designer would remain headquartered in the United Kingdom and they would consult over any board changes, a source with knowledge of the matter said.

(This story contains language that some readers might find offensive in the 21st paragraph)

Airbus will furlough some 3,000 French aerospace workers by tapping a government-backed scheme for four weeks starting from Monday, the planemaker said on Friday, in its latest effort to cope with the coronavirus crisis.