Business

Prime Minister Boris Johnson speaks in Downing Street as he returns to work following his recovery from Covid-19 on April 27, 2020 in London, England. Chris J Ratcliffe | Getty Images The U.K. government has taken its first tentative steps to ease some strict coronavirus lockdown measures and slowly begin to reopen its economy. From

An Airbus A380-800 passenger plane of the Emirates Airlines at Moscow’s Domodedovo Airport. Mikhail Tereshchenko | TASS | Getty Images DUBAI, United Arab Emirates — Dubai state carrier Emirates Airline reported a 21% increase in its full-year profit in the 12 months to March 31, it reported Sunday. The airline, one of the biggest long-haul carriers

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 4 million Global deaths: More than 279,300 Most cases reported: United States (over 1.3 million), Spain (over 223,500), Italy (over 218,200), United Kingdom (over 216,500), Russia (over

Friday’s grim monthly jobs report confirmed a record number of Americans out of work, but the markets took the number in stride as investors bet the worst of the pandemic and the toll it’s taken on the economy has passed. The Dow Jones Industrial Average, the Nasdaq Composite Index and the S&P 500 all posted

Siegfried Fischbacher (L) and Roy Horn, of the duo Siegfried & Roy. Reuters, Steve Marcus Roy Horn, half of the famed Las Vegas magic and entertainment duo Siegfried & Roy, has died of complications related to coronavirus, partner Siegfried Fischbacher said in a statement Friday. He was 75. Last month Horn tested positive for the virus that

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 3.93 million Global deaths: At least 276,860 Most cases reported: United States (1,283,846), Spain (222,857), Italy (217,185), United Kingdom (212,629), and Russia (187,859).  The data above was

U.S. President Donald Trump speaks during a meeting with Greg Abbott, governor of Texas, not pictured, at the White House in Washington, D.C., U.S., on Thursday, May 7, 2020. Doug Bills | The New York Times | Getty Images President Donald Trump said he’s not to blame after the Labor Department reported Friday that more than

People walk in front of a Louis Vuitton store covered up with plywood windows and entrances to prevent looting during the outbreak of the coronavirus disease (COVID-19) in New York, March 31, 2020. Eduardo Munoz | Reuters Global sales of luxury goods are headed for a collapse in the next few months, as the coronavirus

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 3.8 million Global deaths: More than 268,000 Most cases reported: United States (1,254,740), Spain (221,447), Italy (215,858), United Kingdom (207,977), and Russia (177,160).  The data above was

Governments and health officials are trying to strike a balance between reopening economies and staving off a second wave of infections. Meanwhile drugmaker Moderna received a “crucial” FDA approval for phase 2 trials of its vaccine candidate. Weekly jobless claims data lies ahead.  This is CNBC’s live blog covering all the latest news on the

People dine in a restaurant on March 27, 2020 in Stockholm during the the new coronavirus COVID-19 pandemic. JONATHAN NACKSTRAND Sweden’s decision to avoid a strict lockdown like its European neighbors drew global attention and was not without controversy. But now the country is past the peak of infections, its chief epidemiologist says, and there

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 3.74 million Global deaths: At least 263,000 Most cases reported: United States (1,227,430), Spain (220,325), Italy (214,457), United Kingdom (202,356), France (174,224).  The data above was compiled by

Gap Inc. is preparing to reopen 800 of its apparel shops by the end of May, as states such as Texas and South Carolina slowly begin to lift lockdown restrictions that were put into place due to the coronavirus pandemic.  The San Francisco-headquartered company, which owns Banana Republic, Old Navy and Athleta, joins a growing list of

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 3.65 million Global deaths: More than 256,800 Most cases reported: United States (over 1.2 million), Spain (over 219,300), Italy (over 213,000), United Kingdom (over 196,200), France (over

Virgin Galactic’s spacecraft Unity comes into land during a glide test flight on May 1, 2020. Virgin Galactic Virgin Galactic reported first quarter results after the market closed on Tuesday, including more than 400 customer deposits the company hopes to turn into space tourists. The company logged an adjusted EBITDA loss of $53 million for

As many states are re-opening for business, sobering estimates about the potential spread of Covid-19 in the U.S. are emerging. An interagency report from the U.S. departments of Homeland Security, and Health and Human Services projected the number of coronavirus deaths will increase to about 3,000 each day by early June. The analysis also reportedly

Middle Eastern countries should not “waste” the ongoing coronavirus crisis, but should make changes to build up the resilience of their economies, the chief executive officer of a UAE-based retail giant told CNBC this week. That could include addressing systemic issues and providing more support to businesses, said Alain Bejjani, CEO of Majid Al Futtaim. “In the

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 3.5 million Global deaths: More than 251,000 Most cases reported: United States (over 1.17 million), Spain (over 218,000), Italy (over 211,900), United Kingdom (over 191,800), France (over

Transporter Morgan Dean-McMillan prepares the body of a COVID-19 victim at a morgue in Montgomery county, Maryland on April 17, 2020. Andrew Caballero-Reynolds | AFP | Getty Images The Trump administration projects that the number of coronavirus deaths will increase to about 3,000 each day by early June, The New York Times reported Monday, citing

Gilead Sciences‘ coronavirus fighting drug will be in the hands of doctors and patients as early as this week, the biotechnology company’s CEO said Sunday.  “We intend to get [remdesivir] to patients in the early part of this next week, beginning to work with the government which will determine which cities are most vulnerable and