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United Airlines Holdings Inc said it plans to raise $2.25 billion through a bond offering as it grapples with a slump in air travel demand due to government-mandated lockdowns across the world.

Britain's advertising watchdog has ruled Royal Dutch Shell's ad campaign on petrol pumps promising customers they can "drive carbon neutral" is acceptable, following complaints.

Abercrombie & Fitch Co has begun reopening stores in parts of the world where lockdown restrictions have eased, the company said on Wednesday, as more retailers chart out paths to recovery after the COVID-19 pandemic upended businesses.

The New York Times Co warned of a steep fall in advertising sales in the current quarter after beating Wall Street's profit and revenue estimates on Wednesday, as it added more subscribers in a period dominated by heavy news coverage around the COVID-19 pandemic.

Chinese e-commerce giant Alibaba Group Holding Ltd has launched a new luxury platform targeting younger consumers that also aims to help high-end brands shed excess inventory built up during the global coronavirus lockdown.

Qatar Airways said on Wednesday it would this month start to rebuild its network, in anticipation countries will ease air travel restrictions and based on monitoring of passenger trends.

Standard Chartered Chairman Jose Vinals said on Wednesday his Asia-focused bank was well placed to benefit from a late 2020 economic rally, despite the "extraordinary" impact of the COVID-19 pandemic on the global economy.

Miner Barrick Gold Corp reported a nearly 55% rise in quarterly adjusted profit on Wednesday, benefiting from a surge in gold prices, but trimmed production outlook for the precious metal over a mining lease issue in Papua New Guinea.

U.S. stocks futures pared gains after ADP's report showed the private sector lost a record 20 million jobs in April.

U.S. private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for historic job losses last month.

General Motors Co on Wednesday reported a huge plunge in first-quarter profit that raced past expectations, and the automaker outlined plans for a May 18 restart of most of its North American plants shut down by the coronavirus pandemic.

U.S. stock index futures rose on Wednesday as investors turned hopeful of a pickup in business activity with several countries and U.S. states relaxing coronavirus-induced curbs.

Canadian miner Barrick Gold Corp reported a nearly 55% rise in quarterly adjusted profit on Wednesday, benefiting from a surge in gold prices fueled by concerns over global economic growth.

Qatar Airways on Wednesday said it planned to start rebuilding its network this month and targeted flying to 80 destinations by June.

Canadian miner Barrick Gold Corp reported a nearly 55% rise in quarterly adjusted profit on Wednesday, benefiting from a surge in gold prices and higher copper production.

The New York Times Co beat Wall Street's revenue estimates on Wednesday as it added more subscribers in a quarter dominated by heavy news coverage around the COVID-19 pandemic.

CVS Health Corp on Wednesday posted first-quarter profit above Wall Street estimates, as its pharmacy benefits management business and its drugstores benefited from customers stockpiling medicines due to COVID-19 lockdowns.

Tyson Foods Inc will resume limited production at its largest U.S. pork plant this week, the company said late on Tuesday, a week after President Donald Trump ordered companies to keep meat-processing plants open to protect the supply chain.

Yum China is betting that Chinese consumers will still choose to dine-in in the aftermath of the coronavirus crisis and plans to open more Pizza Hut and KFC outlets in China's smaller cities in the coming months, its chief executive said.

Global shares struggled on Wednesday as mixed earnings, doubts about the easing of coronavirus lockdowns and simmering U.S.-China tensions cast a pall over markets.