Month: May 2020

President Donald Trump announced Friday that he is “terminating” the country’s relationship with the World Health Organization after repeatedly criticizing the group for its response to the coronavirus crisis and accusing the agency of being “China-centric.” Trump’s strained relationship with the WHO could bring complications as scientists around the world race for a Covid-19 cure
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States across the U.S. continue to chart their own paths forward, trying to thread the needle between public health concerns and efforts to restart the economy amid mass unemployment. Another 2.1 million people filed jobless claims over the past week while continuing claims, or those who have been collecting for at least two weeks, reached 21.05 million,
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A woman walks through the Kungstradgarden in Stockholm on May 8, 2020, amid the new coronavirus COVID-19 pandemic. Jonathan NACKSTRAND | AFP The Swedish economy expanded at a far superior rate than many of its European counterparts over the first three months of the year, data published Friday showed, following the government’s decision not to
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Global deaths due to Covid-19 surpassed 350,000 as U.S. deaths near 100,000 and states push forward with reopening plans. California Gov. Gavin Newsom said Tuesday that most of the state’s barbershops and hair salons can reopen with modifications. Nevada Gov. Steve Sisolak said the state is moving into phase two of its reopening plan, which will
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U.S. coronavirus deaths are approaching 100,000, more than double that of any other country, according to data compiled by Johns Hopkins University. Across the country, Americans observed Memorial Day weekend with some states reopening beaches and other outdoor areas. Meanwhile Merck has entered the vaccine race, announced early Tuesday it has teamed up with research non-profit
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The number of coronavirus cases in the U.S. topped more than 1.6 million as deaths rose to more than 97,000, a tally from Johns Hopkins University shows. President Donald Trump threatened to pull the GOP convention out of North Carolina if the governor’s coronavirus restrictions impose a limit on the number of people who can
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China’s top diplomat criticized U.S. efforts to hold China accountable for its alleged role in the spread of the coronavirus, calling any aims to force Beijing to pay compensation for the coronavirus a “daydream.” The number of coronavirus fatalities in New York state fell below 100, Gov. Andrew Cuomo said on Saturday, marking the lowest daily death toll since
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Momentum is building at the White House for another round of stimulus checks, with President Donald Trump saying this week ”I think we’re going to be helping people out” and “getting some money for them.” A number of issues need to be negotiated in Congress about what form the next relief package takes, but the Republican-held
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The U.S. coronavirus death toll is approaching 100,000 about five months after the first case of Covid-19 was confirmed in the country. More than 1.57 million people across the country have been infected, according to data compiled by Johns Hopkins University.  On Thursday, President Donald Trump told reporters that ”we are not closing our country” if
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Confirmed coronavirus cases around the world passed 5 million early Thursday as infections continue to accelerate in the Americas. Drugmaker AstraZeneca said it received more than $1 billion from the U.S. Biomedical Advanced Research and Development Authority, a part of the Department of Health and Human Services, to develop a vaccine in partnership with the University of
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Sectors of the U.S. economy are starting to show signs of a rebound, with more retailers reporting strong quarterly sales and weekly mortgage applications pointing to a remarkable recovery in the housing market. Wall Street later Wednesday gets a more detailed look at the Federal Reserve’s most recent decision, with the release of the central bank’s
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A week of retail earnings kicked off before the market open on Tuesday, with Walmart and Home Depot each reporting strong same-store sales growth as consumers stocked up and stayed home during the quarter.   The World Health Organization’s assembly continues for a second day, as critical eyes continue to fall on the agency and the
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A medical worker, wearing disposable gloves, measures the temperature of a man at a coronavirus drive-through screening center on April 1, 2020 in Abu Dhabi, United Arab Emirates. Francois Nel | Getty Images The United Arab Emirates revised penalties for those who violate rules and will implement expanded Covid-19 measures from Wednesday, officials announced on
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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 4.6 million Global deaths: At least 311,425 Most cases reported: United States (more than 1.4 million), Russia (272,042), United Kingdom, (241,461), Brazil (233,142) and Spain (230,698) The
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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 4.5 million Global deaths: At least 307,159 Most cases reported: United States (More than 1.4 million), Russia (262,843), United Kingdom (238,004), Spain (230,183), Italy (223,885). The data above was
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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 4.4 million Global deaths: 302,025 Most cases reported: United States (over 1.4 million), Russia (252,245), United Kingdom (234,439), Spain (229,540), Italy (223,096) The data above was compiled by
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Chinese companies are developing and producing more higher valued goods, even as companies are moving production out of the country due its trade war with the U.S. and the coronavirus pandemic, an expert said on Thursday. “We are actually seeing this movement from manufacturing in China to other locations, but also China then investing in technology,”
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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 4.2 million Global deaths: At least 291,366 Most cases reported: United States (1,369,314), Russia (232,243), Spain (228,030), United Kingdom (227,741), Italy (221,216)  The data above was compiled by Johns
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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 4.17 million Global deaths: At least 285,690 Most cases reported: United States (1,346,723), Spain (227,436), United Kingdom (224,332), Russia (221,344), and Italy (219,814).  The data above was
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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 4.09 million Global deaths: At least 282,553 Most cases reported: United States (1,329,072), Spain (224,350), United Kingdom (220,449), Italy (219,070), Russia (209,688)   The data above was compiled by
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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
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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
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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
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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
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N26’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images German digital bank N26 has raised an additional $100 million in funding, as it braces for economic uncertainty from the coronavirus pandemic. The investment, backed by existing investors such as Chinese tech giant Tencent and Peter Thiel’s Valar Ventures,
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A vaccine for Covid-19 will not be ready until the end of next year, according to Dale Fisher, chair of the World Health Organization (WHO) Global Outbreak Alert and Response Network.  That timeline would be a “very reasonable” expectation because of the necessary Phase 2 and 3 trials of any vaccine to guarantee both safety and efficacy,
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