CNBC World News

Preliminary trials are said to have shown that it could shorten recovery times for patients with Covid-19.

Copper prices closed out a second consecutive month of gains on Friday, driven in part by hopes for a recovery and further fiscal and monetary stimulus from China, its number one consumer.

In winter, people tend to spend more time indoors clustered together, with less ventilation and less personal space than in summer.

In the face of a global recession, China looks set to be one of the few countries that will expand, economically and politically, analysts say.

At the worst points of the coronavirus lockdowns, Careem's business was down by more than 80%, CEO Mudassir Sheikha told CNBC.

The coronavirus has infected more than 6.1 million people around the world as of Monday, killing at least 372,116 people.

Based in London and founded in 2018, Beacon's investors already include executives from Uber, Google and Amazon, the firm says.

Goldman Sachs has begun to establish short positions on the dollar as the reopening of economies is expected to lure investors out of the traditional safe-haven currency.

China's state media is hitting back at American President Donald Trump's announcement last week that he would be revoking Hong Kong's favored trade status with the U.S.

"We've now got the biggest communicable disease challenge that I've ever known, and we really need every single nation working together on it, including the U.S.," said the World Health Organization's special envoy for the coronavirus.

A private survey showed manufacturing activity in China expanded for the month of May with the Caixin/Markit Manufacturing Purchasing Manager's Index coming in at 50.7.

Stocks in Asia Pacific were higher on Monday as data releases showed China's factory activity expanding in May.

Italian billionaire Leonardo Del Vecchio confirmed Monday he had asked for green light from the European Central Bank to increase his stake in Mediobanca above 10% and up to 20%.

China is seeing a strong economic rebound following a slump spurred by the lockdown to curb the coronavirus' spread, but don't count on that being the case for other major economies, says IMA Asia's Richard Martin.

Singapore has one of the highest numbers of coronavirus infection cases in Asia, with more than 34,800 people affected so far.

Hong Kong's finance secretary Paul Chan added that capital will continue to flow freely in and out of Hong Kong.

Last Friday, President Donald Trump said he would begin to revoke Hong Kong's favored trade status with the United States, after China approved a proposal for a controversial new security law.

As Hong Kong gets thrust into a renewed period of uncertainty following China's approval of a controversial national security bill for the troubled territory, Independent Strategy's David Roche warns of a mass migration of the city's youth.

In a memo to employees on Sunday, Apple CEO Cook wrote "George Floyd's death is shocking and tragic proof that we must aim far higher than a 'normal' future, and build one that lives up to the highest ideals of equality and justice."

Sidewalks across the SoHo neighborhood, Union Square and Fifth Avenue were covered in broken glass. Multiple cop cars had been burnt to nothing but ashes. Stores, including a Duane Reade, Urban Outfitters and Swatch, were looted.