CNBC World News

Seoul's city government will launch an investigation into sexual misconduct allegations about late Mayor Park Won-soon, who was found dead after one of his secretaries filed a complaint claiming years of abuse.

Tokyo is considering raising its alert for coronavirus infections to the highest of four levels, officials said on Wednesday, after a spike in cases to record numbers in the Japanese capital.

The Chinese yuan is set to see a sizable appreciation against the greenback in the next 12 months, according to Zach Pandl of Goldman Sachs.

Moderna's potential vaccine to prevent Covid-19 produced neutralizing antibodies in all 45 patients in its early stage human trial, according to newly released data.

Elevated food prices are just one of many new challenges China needs to face in the wake of the coronavirus outbreak.

As they struggle to fill rooms amid the Covid-19 pandemic, luxury hotels are enticing a new batch of clientele — local workers yearning to escape their home offices. Daily rentals come with access to pools, gyms and saunas, and are often priced at a fraction of nightly room rates.

A slump in global activity hurt India's export growth while deeper contraction at home depressed core imports, translating into easing current account pressures.

"I think if we could get everybody to wear a mask right now I think in four, six, eight weeks we could bring this epidemic under control," said Dr. Robert Redfield, director of the CDC.

Supreme Court Justice Ruth Bader Ginsburg was hospitalized Tuesday for a possible infection, according to a spokeswoman for the court.

"Nothing's off the table," David Stilwell, assistant secretary of State for the Bureau of East Asian and Pacific Affairs, said when asked whether the U.S. would consider using sanctions to rein in China.

The Trump administration has rescinded a rule that would have required international students to transfer schools or leave the country if their colleges hold classes entirely online this fall because of the coronavirus pandemic.

Stocks rose on Tuesday as investors added exposure to some of the more cyclical names in the market while Big Tech underperformed.

JPMorgan has the world's biggest Wall Street bank by revenue, a business that helped it capture opportunities created by the response to the pandemic.

It's a major reversal for the U.K., which in January gave Huawei restricted access to the country's next-generation mobile networks.

The U.S. surpassed more than 60,000 new coronavirus cases, based on a seven-day moving average, for the first time on Monday, according to a CNBC analysis of data compiled by Johns Hopkins University.

Tesla mislead consumers on the abilities of its automated driving systems, a Munich court ruled on Tuesday.

The Kingdom hopes it will attract domestic and international investors, even as the IMF predicts Saudi Arabia's economic growth will slump 6.8% this year due to the coronavirus pandemic and weak oil prices.

Citigroup reported second-quarter results that surpassed analyst expectations thanks in part to a massive surge in trading revenue.

The results showed that out of 2,045 blood samples collected from students and teachers from across 13 secondary schools in the region only 12 samples were found to contain antibodies against Covid-19.

"Despite some recent positive macroeconomic data and significant, decisive government action, we still face much uncertainty regarding the future path of the economy," CEO Jamie Dimon said.