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Thomson Reuters cut its full-year sales outlook due to disruption to the global economy from the coronavirus crisis on Tuesday as it reported higher quarterly sales and earnings which fell slightly short of Wall Street estimates.

White House economic adviser Kevin Hassett on Tuesday said he expects the U.S. unemployment rate was above 16% in April, as the coronavirus pandemic began to devastate the country's economy.

The body representing global airlines came out in favour of passengers wearing masks onboard on Tuesday, as debate intensifies over how to get airlines flying while respecting social-distancing rules following the coronavirus crisis.

The body representing global airlines says that it is recommending the wearing of masks on flights to prevent the spread of coronavirus when flying restarts.

Fiat Chrysler Automobiles (FCA) plunged to a first-quarter loss of $1.8 billion and warned of a "significant" loss this quarter, even as it prepares to reopen its most profitable North American truck plants on May 18 as coronavirus lockdowns ease.

Wall Street's main stock indexes opened higher on Tuesday as oil prices staged a recovery and a slew of countries eased coronavirus-led restrictions in an attempt to revive economic activity.

Fiat Chrysler Automobiles (FCA) plunged to a first-quarter loss of $1.8 billion and scrapped its full-year earnings forecast on Tuesday, as the automaker grapples with a coronavirus crisis that has hammered production and sales.

U.S. stock indexes were set to rise at the open on Tuesday as oil prices staged a recovery and a slew of countries eased coronavirus-led restrictions in an attempt to revive their economies.

Lufthansa is not planning to buy rivals weakened by the coronavirus crisis, Chief Executive Carsten Spohr told shareholders at the company's virtual annual general meeting on Tuesday.

Virgin Atlantic is to cut just over 3,000 jobs, or up to a third of its workforce, and stop using Gatwick Airport as part of its battle to survive, Sky News reported on Tuesday.

Stock markets snapped a three-day losing streak on Tuesday and oil was on its longest run of gains in nine months as moves to ease major economies out of their coronavirus lockdowns lifted sentiment.

Fiat Chrysler Automobiles (FCA) plunged to a first-quarter loss of $1.8 billion and scrapped its full-year earnings forecast on Tuesday, as the automaker grapples with a coronavirus crisis that has hammered production and sales.

U.S. stock index futures rose on Tuesday as oil prices staged a recovery and a slew of countries eased coronavirus-led restrictions in an attempt to revive their economies.

Thomson Reuters reported higher quarterly sales and operating profit that fell slightly short of Wall Street estimates on Tuesday, while cutting its full-year sales outlook due to disruption to the global economy from the coronavirus crisis.

Fiat Chrysler said on Tuesday it turned to a net loss in the first quarter as a consequence of the crisis triggered by the spread of the coronavirus.

A German federal court judge cast doubt on Volkswagen's reasoning after the carmaker urged the court to dismiss a claim for damages brought by an owner of a diesel powered VW Sharan family van.

A target to reduce carbon emissions to net zero by 2050 does not mean Spanish oil and gas firm Repsol will stop producing oil though it will focus on certain projects, Chief Executive Josu Jon Imaz said on Tuesday.

Tesla Chief Executive Elon Musk appeared to qualify on Monday for a $700 million payday, just three days after he said the electric car company's stock price was too high.

Low cost airline Wizz Air said it is planning for the easing of travel restrictions by starting new routes from Britain's London Luton airport to holiday destinations in Portugal from 16 June and to Greece from July.

A German federal court judge cast doubt on Volkswagen's reasoning after the carmaker urged the court to dismiss a claim for damages from a diesel customer.