CNBC World News

Stocks that seemed resilient to Covid-19 pandemic faced pressure Tuesday, as investors rallied around a potential coronavirus vaccine and reopening of the economy.

Stocks surged, adding to their gains from last week, as optimism grew about the economic reopening a potential coronavirus vaccine.

Dimon was asked for his opinion on the valuation of the biggest U.S. bank by assets.

Carl Icahn's stake in Hertz was worth more than $700 million in December, before the cornavirus pandemic slammed the travel industry and forced the company to file for bankruptcy.

Dominic Cummings defended his decision to travel 260 miles from London to Durham days after the U.K. went into lockdown.

Shares of Aston Martin surged Tuesday after the famed British car brand announced the head of Mercedes-Benz's performance division as its next CEO.

Hydrogen technology is already being deployed in a number of scenarios.

TV ad revenue in Europe was down by about 50% in April, while the results of the major digital players were generally above expectations.

The European Commission will unveil Wednesday new coronavirus-related stimulus package and expectations are that it could boost markets across Europe.

South Africa will downgrade its coronavirus lockdown measures to level three on June 1, marking what President Cyril Ramaphosa called a "significant shift" in its approach to the pandemic.

Lawmakers in Europe have generally taken a more aggressive approach in their response to protecting the labor market from the effects of Covid-19, with many countries introducing wage subsidy programs.

The McLaren Group, which owns the Formula 1 team and supercar maker, has announced plans to lay off 1,200 staff as part of a restructuring plan.

Beer and wine sales are up year over year in the U.S., but people are increasingly turning to spirits during stay-at-home measures.

The U.K.'s National Cyber Security Center has launched another review into Huawei after the U.S. imposed sanctions on the Chinese tech giant last week.

France and Italy, which implemented stringent coronavirus lockdown measures in the first quarter, saw the most significant damage to GDP among the major members.

Bolt said it raised 100 million euros from Naya Capital, lifting the ride-hailing app's valuation to 1.7 billion euros.

Stock markets around the world surged on Tuesday as hopes for a coronavirus vaccine and the easing of lockdown restrictions worldwide drive investors back toward risk assets.

Relations between the U.S. and China — the world's top two economies — look set to worsen, said Graham Allison, Harvard University's Douglas Dillon Professor of Government.

China's central government is introducing a national security law in Hong Kong because the territory's authorities have not been able to do it locally for over 20 years, a Hong Kong official said on Tuesday.

Covid-19 has infected more than 5.5 million people worldwide and killed more than 346,000 people