CNBC World News

Real estate investment in China quickened in April while property sales fell at a much slower pace, Reuters calculations based on official data showed on Friday, providing some relief as Beijing looks to restart the economy from coronavirus-related shutdowns.

Rising tensions over how China handled the coronavirus outbreak could be a "major risk" to global recovery, David Sokulsky of Concentrated Leaders Fund said.

China's industrial output rose 3.9% in April from a year earlier, expanding for the first time this year as the world's second-largest economy slowly emerges from its coronavirus lockdown.

Airlines with cash and fundraising ability would be the ones to weather the current crisis, according to Greg Waldron, Asia Managing Editor at aviation website FlightGlobal.

"We anticipate that we will have to bear costs of up to $800 million for our part of the responsibilities for the organization of the games," International Olympic Committee president Thomas Bach said.

The 62-year-old Brazilian has been director-general since 2013 and is serving a second term that was due to conclude at the end of August 2021.

The coronavirus has infected more than 4.4 million people around the world as of Thursday, killing at least 300,315 people.

Delta also said it expects to be overstaffed by some 7,000 pilots and is aiming to reduce it's cash burn to zero by the end of the year.

"It's hard to create a valuation for businesses," billionaire entrepreneur Mark Cuban told CNBC.

Stocks rose on Thursday as gains in bank shares and the oil market offset another dismal round of U.S. unemployment data.

The amusements business is built on crowds and communal experiences. Now, owners of national and regional parks are trying to rewrite the theme park playbook so they can reopen in the midst of Covid-19.

Apple is expected to release its own product using virtual reality and augmented reality technology within the next few years.

Apple is preparing an "affordable" 10.8-inch iPad that could launch in the second half of 2020, and a new iPad Mini between 8.5 and 9-inches large for the first half of next year, Ming-Chi Kuo said.

The total 2.981 million new claims for unemployment insurance brought the coronavirus crisis count to nearly 36.5 million, though the weekly trend continued lower.

To date, more than 4.3 million people have contracted the Covid-19 infection, with 297,465 deaths worldwide, according to JHU.

Goldman Sachs Group plans to buy a boutique wealth management custodian and technology company called Folio Financial for an undisclosed amount of money, according to a letter that Folio sent to its customers on Thursday and was viewed by Reuters.

News of the deal comes less than a month after the close of Microsoft's acquisition of start-up Affirmed Networks.

The head of the trade association for airlines hopes that air travel will resume in Europe by the summer, and strongly opposes mandatory quarantine periods.

The United Nations has warned that the coronavirus pandemic "has the seeds of a major mental health crisis" and that substantial investment is needed in support services.

Plans are in place to invest billions in renewables.