CNBC World News

U.K. GDP contracted by 5.8% in March, the biggest monthly fall since the series began in 1997, according to the Office for National Statistics.

UK health minister Matt Hancock has urged the public to avoid public transport and adhere to social distancing guidelines.

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, warned that the U.S. could risk additional outbreaks if states start to reopen too quickly.

As authorities globally look to ease restrictions intended to contain the coronavirus and reopen economies, Australia's finance minister says the country is already on the path to victory against the disease.

In its half-year financial report, Tui described the Covid-19 pandemic as "the greatest crisis the tourism industry has ever faced."

Students in Ireland told CNBC of their relief at the Irish government's U-turn and decision to effectively cancel final-year high-school exams due to the coronavirus pandemic.

The forecast comes at a time when the coronavirus pandemic has prompted many countries across the globe to effectively shut down.

There are now stricter conditions on how European governments can provide financial aid to companies struggling with the ongoing coronavirus crisis.

Germany's Commerzbank said on Wednesday it swung to a loss in the first quarter, as the lender undergoes restructuring and dealt with the fallout from the coronavirus pandemic.

With the coronavirus pandemic threatening the global economy, banks will have a difficult time growing their business, said Pedro Martins Junior, chief emerging markets equity strategist at JPMorgan.

The shift in policy comes as the bank predicted a massive 21.8% drop in June quarter gross domestic product growth, which would be followed by a 23.8% expansion in the next quarter.

A plastics factory in India where a chemical gas leak killed 12 people and sickened hundreds more last week lacked federal environmental clearance but had been issued state permits to operate anyway.

Fed Chairman Powell is expected to talk down market speculation about negative interest rates, even as President Trump calls them a benefit.

Fei-Fei Li left Google after coming under fire for her comments on a controversial military contract that Google held with the Pentagon.

Barclays' Michael Gapen predicts it'll take years for the U.S. jobs market rebound to pre-Covid-19 levels.

Prime Minister Narendra Modi said on Tuesday that India would provide 20 trillion rupees ($266 billion) in fiscal and monetary measures to support an economy battered by a sweeping weeks-long lockdown to fight the novel coronavirus.

Taiwan is campaigning furiously to attend the next World Health Assembly (WHA) meeting to be held from May 18 as the island's successful coronavirus containment strategy has attracted the world's attention.

Covid-19 has infected more than 4.2 million people around the world as of Tuesday, killing at least 287,158 people.

Tesla employees went back to work at the company's U.S. car plant on Tuesday as Trump cheered on CEO Elon Musk's defiance of local Covid-19 health orders.

Fauci testified in front of the Senate Committee on Health, Education, Labor and Pensions about the road to reopening businesses.