CNBC World News

While shoppers moved online during the pandemic, it has actually become cheaper for businesses to buy digital advertising, as demand has fallen.

Ian Harnett, co-founder and chief investment strategist at Absolute Strategy Research, said corporate earnings would take longer to recover from the coronavirus pandemic than many expected.

Job numbers for April were far worse than in March.

Tesla billionaire Elon Musk appears to be selling more homes from his California property portfolio on real estate website Zillow.

Lloyd's of London said Thursday morning that it expects coronavirus-related losses to the insurance sector to be the largest to date.

Russia's cases have now surpassed 250,000 and more than 4.3 million people are the globe have now been infected with the coronavirus.

Russia's sovereign wealth fund (RDIF) has been funding Russian trials of the drug favipiravir, an anti-influenza drug first developed in Japan.

The subsea cable will interconnect 23 countries in Africa, the Middle East and Europe, Facebook says.

Zurich Insurance Group on Thursday said property and casualty claims related to the coronavirus pandemic could total around $750 million this year, after booking $280 million such claims in the first quarter.

Air traffic globally has fallen 90% as lockdowns and border closures triggered by the coronavirus pandemic dealt a hammer blow to international travel.

Tencent's financial figures got a boost from people in China playing the company's smartphone games while under lockdown, while other parts of the business such as advertising held up well.

It comes after what the IEA Executive Director Fatih Birol described as "Black April."

Chinese companies are developing and producing more high valued goods, while companies are moving production out of the country due the trade war with the U.S. and the coronavirus pandemic.

U.S. Federal Reserve Chairman Jerome Powell said Wednesday that more may need to be done to support the economy.

But negative interest rates wouldn't be "very helpful" to the economy, said Zach Pandl, co-head of global foreign exchange, rates and emerging markets strategy at Goldman Sachs.

Washington argues it can trigger a return of U.N. sanctions because a 2015 Security Council resolution enshrining the deal still names the U.S. as a participant.

Antibiotic-resistant "superbugs" could lead to more deaths, said Julie Gerberding, who was director of the U.S. Centers for Disease Control and Prevention from 2002 to 2009.

"We're finding that a lot of foreign managers globally (are) reshuffling their holdings in this turmoil," Todd Willits, head of EPFR, said in a phone interview. "Allocations to China are something people are looking to increase."

The pandemic has spurred several drugmakers to race to develop a viable treatment or vaccine

The urgency to ramp up coronavirus testing in the U.S. "has eased the usual scrutiny" applied by the Food and Drug Administration before the release of a new test, according to the authors of the study.