CNBC World News

Ferrari's market value surged to $30 billion Monday morning, more than the value of General Motors or Ford Motor.

Stocks rose sharply on Tuesday as investors bet the U.S. economy could start to reopen again. Oil prices increased for a fifth straight day.

Reddit co-founder Alexis Ohanian weighs in on whether coronavirus contact-tracing technology being developed by Google and Apple is something he would let his own family use.

The homes have a combined value of $39.5 million.

While the experts acknowledged that they didn't have a crystal ball, they all agreed that it would take around 18 to 24 months before there's a significant spike in demand and the industry begins to return to normal levels. In the meantime, the travel industry will undergo some very big changes.

The event typically draws thousands of attendees, but will be held online this year due to the coronavirus pandemic.

The European Union's agency for disease control has said that the U.K. is among five countries in the region that are still not seeing a decline in new coronavirus cases.

"These factors have raised substantial doubt about the Company's ability to continue as a going concern," the company said.

Singer Selena Gomez is looking to hire a director of social impact for her makeup brand Rare Beauty, which is due to launch this summer.

A raft of fashion labels are now making non-medical masks to sell to consumers, including band t-shirt maker Bravado, which has made Rolling Stones, Queen and Ariana Grande versions.

Virgin Atlantic announced it will cut 3,150 jobs, becoming the airline to announce a reduction in headcount because of the coronavirus crisis.

The U.K. has now surpassed Italy as the worst-hit country in Europe and is second only to the U.S. for Covid-19-related deaths worldwide, according to the official statistics for each country.

The U.S.-based company, which is working alongside German drugmaker BioNTech, said the first human participants in the United States have been dosed with the potential vaccine, BNT162.

A global health expert and physician told CNBC that easing lockdowns without taking certain action would risk a second surge in coronavirus infections.

Car sales for April have hit historic lows.

Massive stimulus to support the U.S. economy through the coronavirus crisis will cause the Treasury to borrow a record $3 trillion this quarter.

The NHS app is based on the government's "centralized" framework instead of the tech giant's "decentralized" technology.

The German court said the decision does not concern any financial assistance measures taken by the European Union or the ECB in the context of the current coronavirus crisis.

The next two years are going to be "very difficult" for the Middle East, where the private sector is "not as strong," said Alain Bejjani of Majid Al Futtaim.

Hong Kong's government announced on Monday that the city's economy contracted 8.9% in the first quarter as compared to a year ago — its largest decline on record since 1974.