CNBC World News

Foreign firms looking to move their manufacturing processes outside of China in the wake of coronavirus could face $1 trillion in costs over five years, according to new Bank of America research.

Turkey and Greece are at loggerheads over competing claims to energy reserves in contested Eastern Mediterranean waters.

The former first lady's speech on the first night of the Democratic National Convention painted a grim picture of America. "If you think things cannot possibly get worse, trust me, they can; and they will," she said.

The coronavirus has infected more than 21.9 million people across the world as of Tuesday, killing at least 774,661 people.

The Department of Commerce tightened rules around Huawei's ability to obtain critical semiconductors, a move which could deal a "lethal blow" to the Chinese technology giant, according to one analyst group

The Richemont-owned online luxury fashion business turns 20 this year and will celebrate in a collaboration with Prince Charles.

South Korean news agency Yonhap reported Tuesday that concerns are rising over a potential "massive outbreak" of coronavirus cases in the country.

BHP Group on Tuesday said it expects most major world economies except China to bear the brunt of a coronavirus-led downturn this year, reporting a 4% drop in annual profit that missed analysts' estimates.

The cuts add to thousands already announced by other major British retailers, including Boots, John Lewis, Dixons Carphone and WH Smith.

There may be more upside to the Chinese markets as the world's second largest economy recuperates from the coronavirus pandemic, said David Chao, a global market strategist for Asia ex-Japan at Invesco.

China is by far the largest destination for Australia's wine exports by value, according to the government's industry authority, Wine Australia.

Thailand's economy could be one of Asia's worst performing this year after the pandemic caused a slump in tourist arrivals, said economists.

Global Latin pop legend and entrepreneur Gloria Estefan has told CNBC she is facing some hard business decisions in her home state of Florida, as it continues to battle the coronavirus crisis.

Rather than focusing on the possible outcome of the U.S. election, investors should be shoring themselves up against what President Donald Trump might do to avoid defeat, according to Cribstone Strategic Macro Founder Michael Harris.

Gold plays an important role in India's culture — it's considered auspicious to buy gold during festive occasions or give it as a gift at weddings.

Oracle is in talks to acquire TikTok's U.S., Canadian, Australian and New Zealand operations, challenging Microsoft, according to a source familiar with the matter.

At its Aug. 4 policy meeting, the Reserve Bank of Australia (RBA) held its cash rate at a record low of 0.25% in a widely expected decision, having slashed rates in an emergency meeting in March to blunt the economic shock from the coronavirus pandemic.

Dragging another major Epic product into the dispute is a major escalation on Apple's part, and could affect companies that have nothing to do with Fortnite but use Epic's tools to make their games and apps.

The escalation comes the week after Epic Games, makers of Fortnite, released a new direct payment mechanism designed to bypass the App Store's payment system, from which Apple takes 30%.

Canada's finance minister has announced his resignation amid reports of differences with Prime Minister Justin Trudeau over government spending to protect the economy during the coronavirus pandemic.