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Eighty-one percent of small U.S. companies surveyed by Veem, a global payments network, expect the new coronavirus pandemic to affect their business over the next 12-16 months, and nearly 90% are bracing for an economic slowdown, the company said Monday.

Athletic apparel maker Under Armour Inc on Monday reported a 22.8% fall in quarterly revenue, as several retailers across the world remained shut due to the COVID-19 pandemic.

Starbucks Corp said on Monday it would begin a phased reopening of all its drive-thru locations and some takeaway-only stores in the United Kingdom as the country eases coronavirus-led restrictions on road travel.

U.S. stock index futures dipped on Monday following a strong week of gains for Wall Street, as investors turned cautious about a second wave of coronavirus infections with several countries reopening economies.

Stock markets gave up their early gains on Monday after reports of a pick-up in new coronavirus cases that threatens to slow or reverse the loosening of lockdown measures.

Oil prices fell on Monday as a new wave of coronavirus infections in some countries and concern over a persistent glut cancelled out support from supply cuts by the world's biggest producers.

EU antitrust regulators will decide by June 17 whether to clear Fiat Chrysler and Peugeot maker PSA 's $50 billion merger, according to a European Commission filing on Monday.

British Airways-owner IAG is not in a position where it has to ask for a specific bailout from the government to see it through the coronavirus pandemic, its chief executive said on Monday.

LafargeHolcim has decided to keep its $2.15 billion Philippines business after a deal to sell the operation collapsed, the world's biggest cement maker said on Monday.

Britain's aviation industry called on the government to find an alternative to quarantine plans for international arrivals, or risk seeing airlines and airports being dealt a fatal blow from the coronavirus pandemic.

British Airways owner IAG will have to review its plans to resume flying in July if Britain introduces quarantine measures for international arrivals, its chief executive said on Monday.

European shares climbed on Monday as investors clung to signs that more countries were restarting their economies and looked past reports of a pick-up in new coronavirus cases.

Shares in British bicycles and car parts retailer Halfords soared as much as 26% on Monday, boosted by the government's announcement that people should consider cycling to work as the coronavirus lockdown is eased.

Passengers on all flights of KLM, the Dutch subsidiary of Air France KLM, must wear face masks during travel starting on Monday, the airline said in a statement.

China's Wuhan city is considering steps to support its biggest local automaker Dongfeng Motor Corp, according to a draft policy document reviewed by Reuters, as the epicentre of China's novel coronavirus outbreak tries to revive its economy.

Shares in British bicycles and car parts retailer Halfords soared as much as 24% on Monday, boosted by the government's announcement that people should consider cycling to work when the coronavirus lockdown is eased.

Britain's easyJet urged the government to only keep quarantine requirements for a short period, while Heathrow Airport called for a plan to re-open borders, as new travel rules sent shockwaves through an industry already on its knees.

SoftBank Corp on Monday forecast operating profit for the current financial year at 920 billion yen ($8.6 billion), largely unchanged from a year earlier, as it continues to generate cash amid the coronavirus-induced economic downturn.

Japanese automaker Nissan Motor said on Monday its April sales in China grew 1.1% from a year earlier to 122,846 vehicles, as the world's biggest auto market recovered from the coronavirus.

Oil prices slipped more than 1% on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic cancelled out support from supply cuts at some of the world's top producers.