CNBC World News

Germany is spending much more than countries like the United States, on a relative basis, to mitigate the economic impact from the coronavirus, a data study has shown.

Start-ups across Britain have been crying out for more financial support after rivals in France and Germany were given access to funds.

The number of coronavirus infections in Southeast Asia has risen quickly in recent weeks, worrying experts that the region could turn into a hot spot.

Dutch health technology company Philips on Monday reported a 33% decline from a year earlier in first-quarter core earnings.

David Bailin, chief investment officer at Citi Private Bank, said company earnings could fall by 40% "across the board" in the second quarter.

China cut its one-year loan prime rate to 3.85% from 4.05%. The five-year loan prime rate was also reduced to 4.65% from 4.75%. The moves marked the second cut to the loan prime rates for 2020.

During its virtual spring meeting, the International Monetary Fund forecast that India would grow 7.4% for the fiscal year starting April 1, 2021.

Alibaba has put a concerted effort on cloud computing and analysts as well as executives see it becoming a critical area in the future, despite it currently accounting for just 7% of total revenue.

Novartis has won the go-ahead from the U.S. Food and Drug Administration to conduct a randomized trial of malaria drug hydroxychloroquine against COVID-19 disease.

The coronavirus crisis could be the historical event that sparks a socially-conscious shift in Americans' political priorities, experts told CNBC.

Confinement measures have been implemented in 187 countries or territories in an effort to try to slow the spread of the pandemic.

China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and prop up the coronavirus-hit economy, after it contracted for the first time in decades.

Canadian police say a gunman disguised as a police officer has killed 16 people in a shooting rampage across the province of Nova Scotia.

Monday's bleak data underscored the challenges Prime Minister Shinzo Abe's government faces in dealing with a collapse in activity that is expected to send the global economy into its deepest slump since the Great Depression of the 1930s.

Covid-19 has infected more than 2.3 million around the world as of Sunday, killing at least 161,262 people.

The WHO said there's no evidence serological tests can show whether a person has immunity or is no longer at risk of becoming reinfected.

Investors say the speed at which the nation's biggest health-care companies can make a COVID-19 cure and get Americans back to work is key.

Politicians in German Chancellor Angela Merkel's coalition government on Sunday signaled further support for struggling businesses and consumers in the coronavirus crisis, focusing on hotels, restaurants and pay for short-time workers.

Spain saw its lowest death count rise in a month on Sunday, while the global death toll passed 160,000

The U.S. military said on Wednesday that 11 vessels from the Revolutionary Guards navy had come dangerously close to U.S. Navy and Coast Guard ships in the Gulf.