CNBC World News

Australia said its budget deficit is forecast to deepen significantly to 85.8 billion Australian dollars ($61.27 billion) in the financial year that ended on June 30 and further widen to 184.5 billion ($131.78 billion) in the new fiscal year.

In the wake of the pandemic, an uncertain jobs market and cheap loans are among the reasons why some young professionals have been convinced to do a masters of business administration (MBA).

The state-run KUNA news agency quoted a statement from the country's royal court saying Sheikh Sabah left "based on advice from the medical team treating His Highness to complete his treatment after a successful surgical procedure."

A new report published Thursday by the United Nations Development Programme suggests cash payments to 2.7 billion people living below the poverty line or at risk of falling below it could help slow the spread of Covid-19.

Countries including India and Indonesia have not reached the peak of their first wave of coronavirus outbreak, while others such as Australia appeared to be experiencing a second wave of infections, data compiled by John Hopkins University indicated.

The growing divide between China and the U.S. is expected to accelerate, disrupting long-running economic and financial ties.

Brazil has struggled to contain the spread of the coronavirus and more than 80,000 people have died. Here's what went wrong, according to locals.

Twitter's disclosure on Wednesday complicates an already murky picture about who the hackers were and what they were after after a high-profile hack in which accounts for several VIPs posted tweets within minutes asking for bitcoin.

U.S. officials say the Houston consulate has long been used by China's government to steal medical research and attempt to infiltrate the oil industry.

The closing of Microsoft's retail stores cut into its earnings.

Musk also added that Tesla will continue to grow in California, where it will build the Tesla Model S and the Model X for global deliveries and the Tesla Model 3 and Tesla Model Y for North America.

During the period ending June 30, 2020, Tesla grappled with the effects of the Covid-19 pandemic and widespread civil rights protests on its employees, customers and U.S. factory operations, especially.

Stocks rose slightly on Wednesday as news of a coronavirus vaccine deal between the U.S. government and Pfizer and BioNTech offset rising U.S.-China tensions.

Slack alleges that Microsoft abused its market dominance to eliminate competition for its Teams work communication product.

The former CEO of collapsed German payments company Wirecard has been rearrested in Munich, prosecutors in the Bavarian capital said Wednesday.

On Monday, Apple CEO Tim Cook will join CEOs from Amazon, Facebook and Google in a hearing before the House Judiciary Committee as part of an antitrust investigation into big technology companies.

Under the agreement, the U.S. will get 100 million doses of the vaccine, if it works, and can acquire 500 million additional doses if needed.

The move is an escalation of political tensions between the world's two largest economies.

Just three weeks after opening its borders, the Bahamas is no longer allowing American travelers because of a surge of coronavirus cases within the island nation.