CNBC World News

The world's top paid soccer star, Lionel Messi, said earlier this week that he and his fellow FC Barcelona players had agreed to take a 70% pay cut to help the club manage costs amid the coronavirus crisis.

To date, more than 938,000 people worldwide have contracted the coronavirus, with 47,273 deaths, according to Johns Hopkins University.

First-time claims for unemployment insurance had been expected to total 3.1 million, according to economists surveyed by Dow Jones.

The sector faces what may well be a bloodbath as companies slash spending and jobs, with crude prices roughly half that of many companies' production costs.

Treasury yields fell on Thursday after data showed unemployment claims in the U.S. surged for a second week amid the coronavirus crisis.

SoftBank said in a statement it is pulling out of the offer agreed as part of last year's bailout plan of the floundering shared-office operator.

As of Thursday morning, there were around 6,400 confirmed cases of the coronavirus in the whole of Africa, and governments across the continent are implementing robust measures in an effort to get out ahead of the pandemic.

It is now hoped that the summit will take place next year.

The U.S. has the most number of reported cases globally at over 216,000, according to data compiled by Johns Hopkins University.

After much criticism, the Dutch government now wants to give a "gift" to other European countries that are grappling with the coronavirus outbreak, including Italy and Spain.

The International Energy Agency expects global oil demand to contract by a stunning 20% this year.

European countries are racing to save their tech start-ups as the region faces an impending economic downturn because of the coronavirus crisis.

U.K. Prime Minister Boris Johnson has been forced to defend the lack of widespread testing for coronavirus, whilst self-isolating himself after testing positive for the disease.

Stocks in Asia Pacific were mixed on Thursday as global markets continue their rocky start to the second quarter.

The epicenter of the coronavirus outbreak is at risk of shifting constantly and "could possibly even shift back to East Asia," a public health expert said.

Le Bijou, a luxury Swiss hotel brand, has set up "quarantine apartments" which include in-room health services, such as coronavirus testing.

There are more than 930,000 reported cases of COVID-19 globally, with over 47,000 deaths, data compiled by Johns Hopkins University showed.

China's domestic travel industry is poised to resume normal activity before the summer holiday season, according to the CEO of the country's largest travel site Trip.com.

As the second quarter begins in China, it's an altered landscape in the coronavirus-stricken economy with businesses that remain shut — some for good.

Maruti Suzuki Chairman R.C. Bhargava told CNBC it wasn't clear when demand would return as India's lockdown is set to end on April 14.