There's a lot at stake when European leaders host their fourth coronavirus call Thursday as they seek further funding to alleviate the economic shock from the pandemic.
Australia will push for an international investigation into the coronavirus pandemic at next month's annual meeting of the World Health Assembly; Spain's daily death toll stubbornly high but steady.
For more than seven decades, the United States dollar has been the world's reserve currency, with a majority of international transactions using the greenback. CNBC's Uptin Saiidi explains how it became so strong and explores whether its position could be threatened.
The Swiss lender set aside 568 million Swiss francs for potential loan losses, mainly as a result of the coronavirus pandemic, and warned it expected "Covid-19-related uncertainty to persist."
Euro zone business activity hit another record low during April in another sign that the coronavirus pandemic is causing severe economic damage across the region.
The coronavirus pandemic has thrown the oil industry into crisis and exposed the fragility of the fundamentals in the global market — with a lack of storage for surging supply and dismal demand creating a perfect storm for prices.
German Chancellor Angela Merkel has said the end of the coronavirus pandemic is not yet in sight and that we will have to live with the virus "for a long time."
Markets, especially developed ones, could still hit new lows despite showing resilience and making gains amid the ongoing coronavirus crisis, said Mark Jolley of CCB International Securities.
The exact dates and timing of reopenings have yet to be announced, but are highly anticipated by business owners hit hard by the lockdowns aimed at curbing the spread of the coronavirus.
Sweden went against the grain by keeping public life as unrestricted as possible when the coronavirus hit. Now, it says its strategy appears to be working.
South Korea's economy saw its largest contraction since 2008 in the first quarter, according to Reuters. Gross domestic product fell by 1.4% in the first quarter of 2020 as compared to the previous quarter, according to the Bank of Korea's advance estimates released Thursday.
The overnight partial recovery in oil prices isn't a rebound, but simply a "breather," as weak demand and storage issues would continue to pressure prices, which are likely to turn negative again, analysts say.
Consumer goods giant Unilever Plc on Thursday pulled its full-year forecast, saying it could not "reliably assess the impact" of the coronavirus pandemic on its business.
South Korea saw an implosion of cases in late February when the flu-like disease spread rapidly among members of a religious group. By mid-April, daily reported cases of infection fell well below 100.