CNBC World News

Russia has sought to distance itself from a dispute brewing between the U.S. and China over the origin of the coronavirus, saying it can't support a U.S. investigation into the source of the virus.

Italy's booksellers, stationers and artisan businesses have started to re-open after a bruising period of lockdown in the country.

Dubai, the glittering commercial hub of the Gulf, is facing the risk of a debt crisis reminiscent of the 2009 crash that wiped out thousands of jobs and nearly half the value of the emirate's stock market.

Demand for consumer loans is picking up in China, especially among the less affluent, highlighting a group that some say could use more support during the coronavirus-induced economic downturn.

"The pressure emerging economies have felt due to falling commodity prices, in particular oil, that reduces the room to maneuver a little," central bank governor, Alejandro Diaz de Leon said, referring to the government's debt and fiscal policy.

While America's retail industry is looking to China for clues about how shoppers are rebounding from the coronavirus pandemic, there are shortcomings to using the region as a blueprint.

An additional 4.4 million Americans filed for jobless claims last week, bringing the total to 26 million over the past five weeks. And, despite the shift to remote work and the surge in demand for certain online services, tech is not immune to the pullback. Jobs openings nationwide across the industry dropped more than 20 percent between mid-March and mid-April, according to analysts at Glassdoor.

"I think the report was incorrect, let me just put it that way," Trump said when asked at a White House press briefing if he knew of Kim Jong Un's condition.

An economy that had been near full employment just two months ago is now in its most dire straits since the Great Depression.

The administration is now also calling on states to resume elective surgeries, which were largely suspended as health systems sought to boost capacity for an expected surge of Covid-19 patients, Pence announced.

The guidelines, which were first shared in mid-March and had already been extended once, were set to expire at the end of April.

Covid-19 has infected more than 2.7 million people around the world as of Thursday, killing at least 190,303 people.

The bill, which aims to boost small businesses and hospitals and expand testing, is set to become law in the coming hours with Trump's signature.

Meatpacking plants responsible for 10% of all beef production and 25% of all pork production have closed, according to the United Food and Commercial Workers International Union.

Intel saw strong revenue increases in its biggest categories even as the coronavirus set in.

The budget cut, which spans the second half of the year, is more drastic than leadership originally described.

Stocks were taken for a wild ride on Thursday that showed just how important finding a treatment for the coronavirus is for Wall Street.

Gates said the world must advance its treatments, vaccines, testing, contact tracing and policies for opening up, in order to stop the virus.

The jobless claims report showed that it took only five weeks for the U.S. economy to erase all the job gains since the Great Recession.

The number represented a decline of 810,000 from the previous week, but the five-week total has now surpassed all of the job gains since the Great Recession.