Business News

McDonald's Corp said on Tuesday its global sales fell about 30% in the first two months of the current quarter due to the COVID-19 pandemic even as it signaled a recovery in demand as it starts to reopen restaurants around the world.

Carrefour and Google said on Tuesday they were launching a voice-based grocery shopping service in France as part of the French retailer's ambition to accelerate its expansion into food e-commerce.

Brazil state-controlled oil Petroleo Brasileiro SA said that a fire at its Duque de Caixas refinery left the facility operating with only half of its installed capacity.

Futures for Canada's main stock index rose on Tuesday as oil prices jumped on signs of improving demand, while sentiment was also supported by more economic stimulus from global central banks.

The global stocks rally was back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping end a bumpy few days for financial markets.

The global stocks rally was back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping end a bumpy few days for financial markets.

An Indian officer and two soldiers were killed in a "violent faceoff" with Chinese troops on the contested border, the Indian Army said on Tuesday, reporting the first casualties in decades to result from a clash between the nuclear-armed neighbours.

Cerberus has shot back in a letter to Commerzbank, saying that it was committed to "substantial change" in the bank's leadership.

Cerberus has shot back in a letter to Commerzbank, saying that it was committed to "substantial change" in the bank's leadership.

Singapore scientists testing a COVID-19 vaccine from U.S. firm Arcturus Therapeutics plan to start human trials in August after promising initial responses in mice.

Germany sought to mobilize the public on Tuesday to download a new smartphone app that seeks to help break the chain of coronavirus infections, one of several such apps in Europe that governments hope will revive travel and tourism.

Emerging markets stocks rose on Tuesday as risk appetite was boosted by the launch of the U.S. Federal Reserve's corporate bond buying programme, but currencies lagged with investors still cautious about the speed of economic recovery.

Southeast Asian ride-hailing and payments firm Grab said on Tuesday it would lay off more than 300 employees due to the impact of novel coronavirus, in the latest setback to major backer SoftBank Group Corp .

Tencent Holdings Ltd aims to become the biggest shareholder in video streaming rival iQIYI Inc , said two people familiar with the matter, to lower costs and counter competition in a sector boosted by stay-at-home virus policies.

AstraZeneca's potential coronavirus vaccine is likely to provide protection against contracting COVID-19 for about a year, the company's chief executive told a Belgian radio station on Tuesday.

* Germany's Zalando slips following stake sale (Updates to open)

(A look at the day ahead from EMEA deputy markets editor Sujata Rao. The views expressed are her own.) For an interactive graphic tracking the global coronavirus spread, open https://tmsnrt.rs/3aIRuz7 in an external browser. Ka-boom! In a stroke, the U.S. Federal Reserve dispelled the gloom that was pervading markets yesterday, announcing it would start purchasing corporate bonds via its Secondary Market Corporate Credit Facility (SMCCF). It also kicked off its Main Street Lending Program, a $6

Switzerland-based seed and crop protection company Syngenta has chosen Brazil as the initial market for a new digital agriculture services platform intended to make local grain growers more competitive, a Syngenta executive told Reuters.

Japanese government bond (JGB) prices broadly dropped on Tuesday as a robust rebound in Tokyo shares on U.S. Federal Reserve's bond buying programme dented the appeal of safe-haven debt investments.

* The trials are the first human tests of a new technology (Adds comment from immunology expert)