CNBC World News

The U.K. is one of a number of countries moving away from coal.

Some of the U.K.'s biggest lenders have agreed to scrap billions of pounds of payments to shareholders following pressure from the Bank of England (BOE).

President Donald Trump prepared Americans for a surge in coronavirus cases, saying the U.S. is facing a "very, very painful two weeks."

Oil prices have fallen more than 60% since the beginning of 2020 as an agreement between OPEC and its allies expires and the coronavirus crisis continues.

The government is ramping up spending plans "significantly" to mitigate the economic impact of the coronavirus, Italy's finance chief said.

Spain now has 102,136 coronavirus cases, its health ministry reported Wednesday, with the number of fatalities over the last 24 hours reaching a record 864 people.

Without a diplomatic breakthrough, the Saudi Arabia-Russia oil price war could continue until the end of 2020, analyst Edward Bell said.

EU scientists and technologists are launching an initiative to support the use of digital applications in the fight against coronavirus.

European markets have posted their worst quarter since 2002 as the coronavirus pandemic, and the nationwide shutdowns it has necessitated, hammer the global economy.

Oil prices registered their worst quarterly performance on record over the first three months of the year.

The Caixin/Markit Manufacturing Purchasing Managers' index for March came in at 50.1, above expectations of a reading of 45.5 by analysts in a Reuters poll. It came on the back of February's reading of 40.3, the sharpest contraction on record.

Oaktree Capital co-chairman Howard Marks says he's leaning towards a more negative outlook because of the uncertainty that the pandemic has brought on, but still, he said investors can do some buying as "things have gotten cheap enough."

Many expect revenues to keep falling at the same pace, with some even forecasting almost no revenue while the curbs stay.

Hungary's Prime Minister Viktor Orban has been granted the right to rule by decree for an indefinite period of time, and these new sweeping powers are raising concerns in Europe.

Bitcoin has fallen less than major U.S. equity indices in the first quarter but still hasn't proven it can act as a "safe haven" in times of market turmoil.

Tiger Woods and Phil Mickelson are planning to square off in a two-on-two golf event to help coronavirus relief efforts.

Results of a private survey released on Wednesday showed China's manufacturing activity 50.1 in March as factories began to come online amid a coronavirus outbreak.

A restaurant in Singapore once again takes the top spot on Asia's 50 Best Restaurant List. Helmed by French chef Julien Royer, the French-Asian inspired Odette was also named the 18th best restaurant in the world in 2019.

"The Chinese government would not sit there and watch Huawei being slaughtered. I believe there would be counter-measures," Eric Xu, rotating chairman at Huawei, told CNBC, amid reports the U.S. was preparing new restrictions against the tech giant.

Major automakers are due to report U.S. sales this week, giving investors a better grasp of the damage from coronavirus containment measures, which have shut both dealerships and factories across the country.