Christine Lagarde, President of the European Central Bank, speaks to the media following a meeting of the ECB governing board at ECB headquarters on March 12, 2020 in Frankfurt, Germany. Thomas Lohnes The European Central Bank‘s (ECB) Governing Council will convene in a virtual meeting Thursday to discuss whether the measures taken, for now, are
Health, Fitness & Food
In this Friday, April 24, 2020 photo provide by the Alfred Wegener Insitute shows the German Arctic research vessel Polarstern in the ice next to a research camp in the Arctic region. Manuel Ernst | Alfred-Wegner-Institut | AP From delaying Arctic expeditions to canceling climate summits, the coronavirus pandemic is hindering global climate change progress and
In this photo illustration the American biotechnology company Gilead Sciences logo seen displayed on a smartphone with a computer model of the COVID-19 coronavirus on the background. Budrul Chukrut | SOPA Images | Getty Images The Food and Drug Administration has been in “sustained and ongoing” discussions with Gilead Sciences to make antiviral drug remdesivir
Elias Kordelakos photography | Flickr | Getty Images Italy’s credit rating has been downgraded to one notch above junk level by Fitch ratings agency as the coronavirus hurts Italy’s already fragile economy further. Fitch downgraded Italy’s credit rating from ‘BBB’ to ‘BBB-‘, just one level above its junk rating, reflecting increasing doubts around Italy’s credit-worthiness
Singapore’s new contact tracing app, TraceTogether, which is being used as a preventive measure against the Covid-19 coronavirus in the city-state. Catherine Lai | AFP via Getty Images One of the most ambitious projects in Apple history launched in less than a month, and was driven by just a handful of employees. In mid-March, with
The U.S. is not even “remotely prepared” to re-open, an expert said on Tuesday as some states are set to lift lockdowns that had been imposed to contain the coronavirus outbreak. “We’re not remotely prepared neither in terms of the epidemiology of the outbreak in the United States, nor in terms of our preparedness capacities
People who need medical care for urgent, non-coronavirus-related health issues may be hesitant to seek it due to fear of contracting the disease, Medtronic Executive Chairman Omar Ishrak said Monday. “We’re actually seeing an increase in mortality rate which are non-Covid related because of a lack of heart failure and stroke procedure, amongst other procedures,” Ishrak said on CNBC’s “Squawk
European markets are expected to open higher Monday as investors around the world await central bank meetings this week that could decide further stimulus measures to reboot economies deeply damaged by the coronavirus pandemic. London’s FTSE is seen 77 points higher at 5,827, Germany’s DAX is seen 210 points higher at 10,555, France’s CAC 40 is seen
Father-daughter team Steve and Leah Kim model the masks their New York City alterations business, Master Tailor, started making when the coronavirus hit. When New York City largely shut down last month due to the spread of Covid-19, it was a devastating blow for some businesses. That included the Master Tailor, an alteration shop on
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 2.8 million Global deaths: At least 202,668 Most cases reported: United States (936,616), Spain (223,759), Italy (195,351), France (161,644), and Germany (156,418). The data above was compiled
Stuck inside during the coronavirus lockdown, 5-year-old Kian Assad was entertaining himself by dancing around his McAllen, Texas, house a few weeks ago when he fell, hitting his head on a door hinge. In normal circumstances, it was the type of injury that would likely merit a trip to the emergency room. Blood was gushing out
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: At least 2,790,986. Global deaths: At least 195,920. Most cases reported: United States (890,524), Spain (219,764), Italy (192,994), France (159,495), and Germany (154,545). The data above was compiled by Johns Hopkins
New York Governor Andrew Cuomo speaks during a press briefing about the coronavirus crisis at the Feinstein Institutes for Medical Research, Northwell Health in Manhasset, NY. Ron Adar | Barcroft Media | Getty Images New York Gov. Andrew Cuomo said the U.S. was too slow to respond to the coronavirus outbreak as it was proliferating
Customers at a bookshop in Rome on the first day of reopening during lockdown, on April 20, 2020 in Rome, Italy. Simona Granati – Corbis Italy’s legion of booksellers, stationers and artisan businesses have started to re-open their doors after a bruising period of lockdown in the country. There is a sense of both trepidation,
In this July 9, 2015, file photo, a man walks outside the headquarters of Gilead Sciences in Foster City, Calif. Eric Risberg | AP Gilead Sciences said that a draft document showing disappointing results from a closely watched clinical trial of the company’s treatment for the coronavirus contained “inappropriate characterizations” and that the study’s findings
Britain’s financial technology industry is racing to fill gaps in the government’s coronavirus business relief measures, by offering loans quickly to those struggling financially as a result of the pandemic. Several of the country’s top fintech firms have been pushing for accreditation from the state-backed British Business Bank (BBB) to be able to provide loans
Martin Shkreli Getty Images Notorious “pharma bro” Martin Shkreli on Wednesday asked to be released from prison for the remainder of his seven-year criminal sentence for fraud so that he can work on a coronavirus treatment. Shkreli, who has about 41 months remaining on that term, also is seeking to be released into home confinement
If waves of coronavirus infections ebb and flow until a vaccine arrives and if — as some have posited — we’re all likely to get it at some point, should we be preparing for a possible infection? The coronavirus is fatal for some, while others — between 25% to 50% according to the latest estimates — have no symptoms
The threat of completely destroying the U.S. economy must be weighed against the diminishing health risks from the coronavirus, real estate mogul Barry Sternlicht told CNBC on Tuesday. “I actually think we have to reopen the economy. We have to do it ZIP code by ZIP code,” said Sternlicht, whose $60 billion Starwood Capital Group has interests in
The Brandenburg Gate casts long shadows over the almost deserted Pariser Platz, April 15, 2020 in Berlin, Germany. Kay Nietfeld | dpa | picture alliance via Getty Images While much of western Europe has struggled to contain the coronavirus pandemic, Germany has appeared to navigate the outbreak relatively smoothly, with widespread testing and contact tracing