CNBC World News

Demand was severely impacted by COVID-19 in the first quarter, with comparable sales falling 45%, although the decline eased to 20% in June driven by growth in mainland China and South Korea.

British inflation rose unexpectedly last month, spurred by rising prices for in-demand computer consoles during the coronavirus lockdown, official data showed on Wednesday.

Stocks in Asia shed earlier gains and were mixed on Wednesday as concerns over U.S.-China tensions weighed on investor sentiment.

The Israeli government made "very serious mistakes" after initially containing the coronavirus outbreak, and "tremendous damage" is being done to the economy, political analyst Joel Rosenberg said as cases in the country continue to climb rapidly.

A key organizer of primary elections for Hong Kong's pro-democracy camp said on Wednesday he was stepping down after Beijing said the vote may violate the new national security law and could amount to subversion.

The coronavirus has infected more than 13.14 million people across the country as of Tuesday, killing at least 574,600. people.

The U.K. will ban operators from buying new Huawei 5G equipment after Dec. 31 and carriers will have to strip out existing 5G gear from the Chinese firm by the end of 2027.

Asia has become "much, much smarter" in the way they handle further coronavirus outbreaks, which will help the region's aviation industry recover in a "much more sustainable" way, said AirAsia CEO Tony Fernandes.

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.