CNBC World News

Royal Dutch Shell will lower spending by $5 billion and suspended its vast $25 billion share buyback plan in an effort to weather the recent collapse in oil prices.

Germany is about to unveil new measures to mitigate the economic impact of the coronavirus, in what analysts are describing as a "game changer."

Gyms, parks, cinemas, malls, bars, places of worship, numerous restaurants and other public venues have also been closed across the country of 9.4 million.

The U.S. is in a "protracted bear market" and stock prices could fall further, according to Anthony Scaramucci, an investor and former White House communications director.

SoftBank Group said it is selling or monetizing up to 4.5 trillion yen ($41 billion) in assets to buy back 2 trillion yen of its shares and reduce debt.

Questions linger over whether to delay, or even cancel, this year's Summer Olympics in Tokyo as the race to contain the fast-spreading coronavirus outbreak continues.

Already being ravaged by the worst infestation of desert locusts in 70 years, East African economies are now staring down the barrel of the coronavirus pandemic.

Lack of enough personal protective equipment such as respirators, eye protection, gloves, and gowns for medical staff is a source of "major frustration."

Japan's Prime Minister Shinzo Abe hinted that the Tokyo Olympics could be postponed, according to multiple local media reports on Monday.

In face of the new coronavirus' shock to global financial markets, China aims to be a stabilizing force — beginning with its own markets.

The state governors will retain command of the National Guard, but the Federal Emergency Management Agency will cover all costs of the missions to respond to the virus outbreak, President Trump said during a White House press briefing.

Merkel will be tested regularly over the coming days and will continue to conduct her duties as chancellor from home, her spokesperson said.

Sen. Rand Paul, R-Ky., has tested positive for coronavirus. He is the first known U.S. senator to test positive.

Airlines warned Congress thousands of jobs were at risk without direct grants to fight impact of coronavirus.

The stimulus package under negotiation in the Senate to combat the economic damage from the coronavirus pandemic will likely total more than $2 trillion, White House Economic Advisor Larry Kudlow said on Saturday.

The number of people who have tested positive for the coronavirus, or COVID-19, has crossed 300,000 as the disease continues to spread around the world.

Shutdown measures must be coupled with massive federal government support to sustain the population through isolation and prime the economy to pick up where it left off, Bullard says.

The Ministry of Health said in a statement that this measure is meant to "conserve resources so we can focus on Singaporeans."

The coronavirus has infected more than 303,180 and killed at least 12,944 worldwide, according to data from Johns Hopkins University.

"The bailout requests are mind-boggling," said Dennis Kelleher, chief executive of advocacy group Better Markets. "And it's going to be a matter of whose going to win and who's going to lose."