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U.S. Senate Democratic Leader Chuck Schumer said on Tuesday he thinks Republicans and Democrats have agreed on a fourth coronavirus spending bill, and that the Trump administration has also agreed to a national testing strategy.

Virgin Australia's entry into administration could give any successful bidder for the country's second-biggest airline the chance to free it from a complex ownership structure that has slowed decision making and been blamed for years of losses.

Domestic air traffic is down 70% globally and the recovery over the coming six months is likely to be slow due to the damage coronavirus has done to economic conditions, the industry's representative body IATA said on Tuesday.

Oil prices crashed through zero, closing out the day at -$37 per barrel, an unprecedented meltdown.

El Al Israel Airlines said it is in advanced talks with an Israeli bank to receive a loan that will be partly backed by government guarantees and signed a deal to fly equipment to fight the coronavirus between China and Italy.

Residents of New Delhi are experiencing the longest spell of clean air on record, according to government data, as a stringent lockdown to prevent the spread of novel coronavirus drastically cuts pollution in the world's most polluted capital.

South Korea's two state-owned banks said on Tuesday they will provide up to 1.7 trillion won ($1.4 billion) in fresh liquidity to Asiana Airlines, the country's second-largest carrier, as the industry struggles with the coronavirus crisis.

The shock of sub-zero oil prices is still reverberating across world markets. U.S. crude futures are back in negative territory after briefly rising to around $1.40 a barrel. With COVID-19 related lockdowns in most countries likely to be extended or at least maintained in some form, physical demand for crude should remain low.

Denmark, Norway and Sweden face some of their worst economic downturns on record this year as the coronavirus pandemic shuts down many businesses, according to a Reuters poll of economists released on Tuesday.

South Korea's two state-owned banks said on Tuesday they had together decided to provide up to 1.7 trillion won ($1.38 billion) in fresh liquidity to Asiana Airlines which is struggling with the impact of the coronavirus.

China's pork supply will be under pressure in the second quarter and prices may peak around September due to the impact of the African swine fever that decimated its herd, an agriculture ministry official said on Tuesday.

Uzbekistan Airways, the central Asian nation's flagship carrier, is converting two of its Boeing-767-300ER jets into cargo planes to utilise them while its passenger fleet is grounded due to the coronavirus pandemic.

Starbucks Corp said on Monday it would roll out a new plant-based lunch menu in China this week, launching Beyond Meat Inc's products in a country where it is trying to recover from the novel coronavirus pandemic-led shutdown.

The U.S. Treasury Department said on Monday it had disbursed $2.9 billion in initial payroll assistance to 54 smaller passenger carrier and two major passenger airlines, while it finalized grant agreements with six major airlines.

The U.S. Treasury Department said on Monday it has disbursed $2.9 billion in initial payroll assistance to 54 smaller passenger carrier and two major passenger airlines, while it finalized grant agreements with six major airlines.

Colombia will extend its coronavirus quarantine until May 11, President Ivan Duque said on Monday, but will allow construction and manufacturing to reopen.

Virgin Australia has entered voluntary administration after failing to secure a A$1.4bn (US$888m) federal government loan, paving the way for Australia’s first institutional bond defaults in 19 years.

Brazilian chicken production fell in the first quarter, according to a meat lobby group, while industry sources told Reuters on Monday some poultry producers were already making moves to further cut future output in the coronavirus pandemic.

Australian industrial chemicals company Incitec Pivot on Tuesday said it will retain its fertiliser business after halting talks with buyers on a potential sale due to market uncertainty and travel restrictions caused by the coronavirus.

Virgin Australia Holdings Ltd said on Tuesday it entered voluntary administration to recapitalise the business and emerge in a stronger financial position after being battered by the coronavirus crisis and a high debt load.