CNBC World News

In February, the European Commission estimated a 1.4% rise in GDP for the EU this year.

Egyptian billionaire Naguib Sawiris said he would buy airlines, going against fellow billionaire investor Warren Buffett, who announced that Berkshire Hathaway sold all airline stocks at the firm's annual meeting on Saturday.

The global pandemic would have been more difficult for Egypt if not for comprehensive reforms on taxes, budgets and foreign exchange that the country undertook, said Rania al-Mashat, minister for international cooperation.

The IHS Markit India Services Business Activity Index came in at 5.4 in April — markedly lower than the previous month's 49.3, according to the latest data release.

Helen Clark, who was New Zealand's prime minister from 1999 to 2008, said the World Health Organization has done "quite a reasonable job" in coordinating the global health response.

Oil prices fell in the afternoon of Asian trading hours on Wednesday after surging on Tuesday as they got a boost from optimism around ongoing production cuts and a recovery in demand as economies reopen.

The coronavirus pandemic might have peaked, but the political fallout from it is just picking up pace and investors are getting very worried, said an economist on Wednesday.

Extending social contact to small groups outside our own households has been suggested as a way to get out of lockdowns but experts question how practical this strategy is to implement.

The IHS Markit India Services Business Activity Index for April came in at 5.4 — much lower than a Reuters poll forecast of 40 and the previous month's 49.3.

Disagreements with U.S. President Donald Trump could drive Europe to step up levies on companies like Google and Facebook, a lawmaker told CNBC.

Denmark's Novo Nordisk posted a better-than-expected quarterly operating profit on Wednesday and kept its full-year outlook, as customers stocking up during the coronavirus pandemic boosted sales of its diabetes medicines.

A British scientist advising the government on its coronavirus response resigned from his role on Tuesday.

During the Labor Day holiday that ran from May 1 to May 5 this year, China recorded tourism revenue of 47.56 billion yuan ($6.79 billion), down nearly 60% from last year, according to the Ministry of Culture and Tourism.

BMW on Wednesday reported a 133% rise in first-quarter operating profit, due to the absence of a one-off provision in the year-earlier period.

Migrant workers living dormitories have accounted for around 87.6% of Singapore's total 19,410 confirmed cases as of Tuesday, according to the health ministry.

AI is on the rise during the coronavirus pandemic, but more women are needed to get the industry where it needs to be, according to a new IBM report.

From spring breaks to summer holidays, the coronavirus pandemic has disrupted travel plans globally as lockdown measures keep much of the world's population at home.

Virgin Galactic reported first quarter results after the market closed on Tuesday.

Trump said reopening parts of the nation's economy now would inevitably cost some Americans their lives. But he argued that the benefits outweighed the costs, in an interview on ABC.

Kingsoft Cloud's IPO comes amid a tough stock market environment due to the coronavirus pandemic and as scrutiny of Chinese listings in the U.S. intensifies following revelations of fraud at coffee chain Luckin Coffee.