CNBC World News

Oil prices reversed gains to settle lower on Thursday, despite optimism surrounding producers scaling back production as well as demand improving.

Musk has been a vocal critic of how government and health officials are reacting to the coronavirus pandemic that's killed at least 73,431 people in the United States.

The luxury department store chain had been struggling with competition from online rivals and dwindling cash before the pandemic.

Treasury Secretary Steven Mnuchin challenged hard rock musician and Guns N' Roses member Axl Rose on Twitter Wednesday evening.

First-time claims for unemployment insurance were expected to increase 3.05 million last week, according to economists surveyed by Dow Jones.

Sweden's decision to avoid a strict lockdown like its European neighbors drew global attention and was not without controversy, but its chief epidemiologist says there are few things he would have done differently.

A number of European airlines have dropped their financial guidance for the year, as the ongoing coronavirus pandemic creates widespread uncertainty about when business will return to normal.

A team of international experts said that while there was no "magic bullet" for treating Covid-19, successfully identifying a drug that could treat the virus was likely to take less time than rolling out a vaccine.

Nintendo said "Animal Crossing: New Horizons" sold over 13 million copies in the first six weeks, making it the fast-selling Switch game.

Lack of storage space for crude globally remains a massive problem, and will keep a ceiling on oil prices for the near future.

The NHS's digital innovation arm is paying Zuhlke Engineering £3.8 million to investigate the "decentralized" framework developed by Apple and Google.

The Turkish currency has been under mounting pressure amid rising inflation, growing unemployment and slow growth — and now, the highest number of coronavirus cases in the region.

With the cruising industry in tatters and the desire for remote travel greater than ever, chartering a yacht can sound appealing. Here's what you get for $5,000 to $150,000.

China reported that its dollar-denominated exports rose but imports fell for the month of April as movement restrictions to contain the coronavirus outbreak eased.

Norway's central bank cut its key interest rate on Thursday to a record-low zero percent from 0.25% in a surprise move, seeking to cushion an economy reeling from the Covid-19 pandemic.

The crisis-prone South American country has entered a critical period of make-or-break talks with international creditors.

The combined group could put pressure on rival telecommunications firms BT, Vodafone and Sky.

The Bank of England held interest rates at 0.1% on Thursday, but said it stands ready to take further action should the economic crisis caused by the coronavirus pandemic continue to deteriorate.

A group called Naikon targets ministries of foreign affairs, science and technology, as well as government-owned companies with the aim of "gathering of geo-political intelligence," according to Check Point.

Russia reported 11,231 additional cases of the coronavirus disease to bring the country's tally to 177,160 since the outbreak.