CNBC World News

Virgin Atlantic announced it will cut 3,150 jobs, becoming the airline to announce a reduction in headcount because of the coronavirus crisis.

The U.K. has now surpassed Italy as the worst-hit country in Europe and is second only to the U.S. for Covid-19-related deaths worldwide, according to the official statistics for each country.

The U.S.-based company, which is working alongside German drugmaker BioNTech, said the first human participants in the United States have been dosed with the potential vaccine, BNT162.

A global health expert and physician told CNBC that easing lockdowns without taking certain action would risk a second surge in coronavirus infections.

Car sales for April have hit historic lows.

Massive stimulus to support the U.S. economy through the coronavirus crisis will cause the Treasury to borrow a record $3 trillion this quarter.

The NHS app is based on the government's "centralized" framework instead of the tech giant's "decentralized" technology.

The German court said the decision does not concern any financial assistance measures taken by the European Union or the ECB in the context of the current coronavirus crisis.

The next two years are going to be "very difficult" for the Middle East, where the private sector is "not as strong," said Alain Bejjani of Majid Al Futtaim.

Hong Kong's government announced on Monday that the city's economy contracted 8.9% in the first quarter as compared to a year ago — its largest decline on record since 1974.

In 1920, alcohol was famously outlawed in the U.S. Today, we raise our glasses with these six classic drink recipes provided by bars from around the globe.

N26's valuation remains unchanged at $3.5 billion despite the injection of new capital.

Total reported that first-quarter net profit came in at $1.8 billion, down from $2.8 billion over the same period last year.

BNP Paribas reported a fall in net income for the first quarter on Tuesday, as it warned the coronavirus has had three "major negative impacts" on its balance sheet.

Indonesia's economy grew 2.97% year over year in the first quarter — the weakest growth rate since the first three months of 2001, reported Reuters, citing data by the country's statistics bureau.

Among the latest disputes between the U.S. and China is the origin of the coronavirus, which has infected more than 3 million people and killed over 250,000 globally, data by Johns Hopkins University showed.

Vietnam may be able to avert a recession this year as the country is getting back to work and school after early coronavirus containment measures, said Sian Fenner, lead Asia economist at Oxford Economics.

Governments are now more trusted than businesses, non-profits and the media, according to the Edelman Trust Barometer report.

New Zealand's government claims the country could have seen thousands of coronavirus cases every day if strict lockdown measures hadn't been implemented.

Bankers and government officials already expect bad debt to potentially double as the outbreak brought economic activity to an abrupt halt, Reuters reported.