Foreign Direct Investment (FDI) flows to developing economies decreased by 16 percent, less than expected, Unctad said on Tuesday.

UN deputy chief Amina Mohammed has said as many as 100 million people are expected to be pushed back into extreme poverty in 2020, the first rise in global poverty since 1998.

Samsung Electronics Co on Wednesday said its operating profit for the first three months of 2020 rose 3.4 percent from a year earlier driven by increasing demands for computer chips.

Stock markets turned higher Tuesday after a mixed session in Asia as governments inch toward letting businesses reopen and central banks step in with still more support for ailing economies. The price of oil, however, extended its losses.

Iraq is planning painful cuts in social benefits relied on by millions of government workers. Saudi Arabia will likely have to delay mega-projects. Egypt and Lebanon face a blow as their workers in the Gulf send back less of the much-needed dollars that help keep their fragile economies afloat.

Asian stock markets gained Monday after Japan's central bank promised more asset purchases to shore up financial markets and more governments prepared to revive struggling economies by reopening businesses.

In a manic week full of previously unthinkable market moves, Wall Street ended Friday with one reminiscent of what things were like before the coronavirus outbreak upended everything.

U.S. oil prices crashed to the negative territory for the first time in history on Monday, fueled by pandemic-related demand shock and oversupply fears.

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus.

Many developing countries want to follow in the footsteps of some wealthier Western countries to ease coronavirus restrictions, but they cannot afford any missteps.