CNBC World News

VCs and celebrities are betting on physical events shifting online as Covid-19 has made big gatherings impossible.

South Africa's central bank cut rates for a fourth time this year to a record low on Thursday, boosting support for an economy strangled by an eight-week-old lockdown aimed at reining in the coronavirus.

Google has pledged to stop making customized A.I software for firms who profit off fossil fuels.

AstraZeneca has agreed to initially supply at least 400 million doses of Oxford University's coronavirus vaccine and secured total manufacturing capacity to produce 1 billion doses.

Online posts have already emerged urging people to gather to protest on Thursday night.

The total, while still well above anything the nation had seen in pre-coronavirus America, represents the seventh straight week of a declining pace following the record peak of 6.9 million in late March.

Even as outbreaks in China and other countries appear to have abated, the pandemic has picked up speed in other parts of the world.

Lufthansa is in advanced talks over a 9 billion euros state bailout that would see Germany take a 20% stake in its flagship airline.

Most scientific experts believe it will take at least 12 to 18 months for a safe-to-use vaccine to be rolled out to the market.

The central bank's decision to enact its ninth-straight rate cut brings the key rate down 50 basis points to 8.25%.

Many countries, especially in Asia, have utilized extensive contact tracing to contain the spread of the virus.

In some areas, the United Nations said conditions today were equivalent to levels of deprivation last seen in the mid-1980s.

Marketers that pulled ad budget as the coronavirus pandemic hit should be planning for a speedy return as lockdowns are eased, according to industry veteran Martin Sorrell.

"China's policy has been quite timid so far" compared to the economic response from many countries, said Jim O'Neill, a former Goldman Sachs chief economist.

The world's two largest economies have been embroiled in a long-drawn trade war and are now in a tussle over issues surrounding the coronavirus pandemic.

Scientists in Singapore are developing a vaccine for the coronavirus, with hopes that early-stage clinical trials could come as soon as next month, according to a professor at Duke-NUS Medical School.

The acclaimed star said he had "grieved" after the crisis forced his band to cancel a world tour.

The Senate passed legislation on Wednesday that could ban many Chinese companies from listing shares on U.S. exchanges.

US-Nigerian fintech company Flutterwave has created an e-commerce platform for small African shops to set up online, to help them function during the coronavirus lockdowns.

The report does not signal a shift in U.S. policy, according to a senior administration official, who was not authorized to publicly discuss the report and spoke only on condition of anonymity.