CNBC World News

China reported that its first quarter GDP contracted by 6.8% in 2020 from a year ago as the coronavirus outbreak seriously impacted the world's second largest economy.

Crew members are having to stay at sea for longer than expected, in part due to government-imposed travel restrictions. That may eventually lead to "terrible accidents," said Esben Poulsson of the International Chamber of Shipping.

Wuhan city, the center of the coronavirus outbreak in China, said that a local investigation found another 1,290 deaths from the disease.

Around the world, cities are looking to increase green space and boost tree numbers.

Passenger car sales tumbled by more than 50% in Europe's major markets in March as lockdowns imposed due to the new coronavirus took their toll, data showed on Friday.

China's first quarter GDP shrank 6.8% in 2020 as compared to a year ago, according to data from the National Bureau of Statistics of China, its first quarterly decline since 1992.

Swiss drugmaker Roche aims by next month to offer blood tests to identify those who had been infected with the coronavirus.

L'Oreal is counting on consumers rushing back to hair salons to help its business recover quickly once European and U.S. coronavirus lockdowns are lifted.

The synchronous nature of the global recession is affecting the external demands for Chinese goods big time, according to Kevin Rudd.

Pony.ai, with its fleet of 10 vehicles, has teamed up with e-commerce site Yamibuy for the delivery initiative.

The International Monetary Fund this week downgraded its economic forecast. It now expects the global economy to shrink by 3% this year before growing 5.8% next year.

Michael Cohen, the former personal lawyer and fixer for President Donald Trump, will be released from prison and be allowed to serve the remainder of a three-year sentence due to concerns about the coronavirus

Covid-19 has infected more than 2,151,100 people around the world as of Thursday, killing at least 142,735 people.

Weeks before the governors of California and Washington told their residents to stay home, the top employers in their states were operating remotely.

The company is also working on a fourth diagnostic test for the coronavirus: A "lateral flow" blood test that can provide a diagnosis even more quickly.

A Chicago hospital treating severe Covid-19 patients with Gilead Sciences' antiviral medicine remdesivir in a closely watched clinical trial is seeing rapid recoveries in fever and respiratory symptoms, with nearly all patients discharged in less than a week, STAT has learned.

Uber expects to disclose an impairment charge because of declines in the value of certain investments.

Some experts say America needs to perform 20 million to 30 million tests a day to begin getting the economy back to normal. One estimate says it will cost up to $500 billion over time for a program of widespread testing, contact tracings and data aggregation.

Stocks rose slightly, led by tech, as Wall Street grappled with more concerns over the coronavirus outbreak and dismal economic data.

Facebook CEO Mark Zuckerberg on Thursday announced that the company will allow its employees to work from home through the summer and it will not host any large events through June 2021.