CNBC World News

Trump revealed last month he was taking hydroxychloroquine to protect himself from contracting the coronavirus.

Hydroxychloroquine, the drug backed by President Donald Trump to combat Covid-19, is no better than a placebo in preventing infection of the coronavirus, according to a new study.

Several companies have issued statements in the past week regarding the protests and in support of the black community, but Ursula Burns said people must understand that there's still so much progress to be made, especially in the board room.

Former President Jimmy Carter on Wednesday addressed the death of unarmed black man George Floyd at the hands of Minneapolis police, expressing sympathy for the Floyd family and condemning racial discrimination.

Finding good news in the loss of another 3 million jobs isn't easy, but the steep drop in private payrolls for May could be a sign that the worst over.

Facebook's Oversight Board, an independent body that can overturn the company's own content moderation decisions, announced on Wednesday that it is not yet operational, so won't review a controversial post from President Donald Trump that the company has refused to take down or moderate.

"It's not in the virus' interest to do too much damage to the host," said Dr. Mike Ryan, executive director of the WHO's emergencies program. "It wants to survive."

The malaria drug is backed by President Trump to combat the deadly coronavirus despite a lack of scientific proof of its effectiveness.

"We simply cannot promote accounts in America that are linked to people who incite racial violence, whether they do so on or off our platform," CEO Evan Spiegel said in a memo.

Stocks rose on Wednesday as markets continued to rally on optimism over economies emerging from coronavirus-led shutdowns.

Asia-Pacific Chief Executive Peter Wong signed the petition and HSBC itself "respects and supports all laws that stabilise Hong Kong's social order", the bank said in a post on social media in China.

The UK digital freight forwarding and supply chain finance firm closed its $15 million Series A funding round this week.

Mark Carney, the former governor of the Bank of England, has urged young people to put their money into investments focused on sustainability amid the coronavirus pandemic.

The EU, a political conglomerate of 27 nations, has relaxed its strict state aid regulations three times since March.

Speaking at the World Economic Forum's (WEF) "The Great Reset" event Wednesday, the heir to the British throne warned that climate change had the potential to wreak even more damage than the "dreadful pandemic."

Amazon is still finalizing details around the event, but it has been given a working title of the "Biggest Sale in the Sky."

U.K. Prime Minister Boris Johnson says people in Hong Kong fear their way of life is "under threat."

The United States is stepping up pressure on other countries over negotiations for a digital services tax, opening new probes into nations planning higher duties on tech giants.

Bird is scrapping e-scooters in Qatar, UAE and Bahrain that belong to Circ, which it acquired in January.

If Covid-19 acts like other coronaviruses, "it likely isn't going to be a long duration of immunity," Dr. Fauci warns.