Europe and China are outpacing the U.S. in shoring up their labor markets amid the historic fallout from the coronavirus pandemic, according to economists.
Restrictive measures on every day life in the U.K. could last for months, government officials warned Sunday, as the country enters only its second week of national lockdown.
The oil market is facing a "double crisis" with a collapse in the OPEC+ alliance affecting supply and the slowdown in the world economy crushing demand, oil guru Dan Yergin said this week.
Asia is key for garment manufacturing and many jobs in the region will be at risk in countries like Bangladesh, Cambodia and China that are dependent on the export economy.
Investors continue to watch for developments on the global coronavirus outbreak, which has already infected more than 720,000 worldwide and taken at least 33,925 lives, according to data compiled by John Hopkins University.
Sanofi and Regeneron Pharmaceuticals have expanded a clinical trial of their rheumatoid arthritis drug Kevzara as a coronavirus treatment to patients outside the United States.
Oil prices fell to the lowest in more than 17 years as demand plunged as a result of the pandemic, and an unrelenting price war between Saudi Arabia and Russia showed no signs of easing.
One of Japan's best-known comedians, Ken Shimura, has become the first Japanese celebrity to die of the coronavirus. Shimura, 70, had been hospitalized since March 19 after developing a fever and respiratory problems, media said.
JD.com, a major Chinese e-commerce company, is looking to become the technology platform of choice for U.S. customers in a cloud computing market dominated by Alibaba.
All nine economists in a Reuters survey this month expected the central bank to ease as policymakers worldwide step up efforts to limit the economic damage from the fast spreading virus.
U.S. airlines and the Department of Transportation may soon have to consider consolidating service to dozens of cities around the country in a bid to help carriers cut losses, several airline industry executives told CNBC.