Chairperson of the African Union (AU) and President of the Republic of South Africa Cyril Ramaphosa has reaffirmed the union’s support for the World Health Organization’s (WHO) efforts to combat the global COVID-19 pandemic.
Growth in Sub-Saharan Africa has been significantly impacted by the COVID-19 pandemic and is forecast to fall from 2.4% in 2019 to -2.1% to -5.1% in 2020, the first recession in the region over the past 25 years, according to the World Bank’s latest Africa’s Pulse report.
Twitter Inc (TWTR.N) Chief Executive Officer Jack Dorsey on Tuesday pledged $1 billion of his stake in Square Inc (SQ.N), the payments processor that he co-founded and heads, to help fund relief efforts related to the coronavirus pandemic.
A group of 165 past and present global leaders have come together to demand the creation of a G20 executive task force and an immediate global pledging conference to approve and co-ordinate a multi-billion dollar fund to fight against the COVID-19 pandemic.
Business is booming for gaming giant Razer, as large swathes of the globe stay indoors to combat the coronavirus. CNBC Make It’s Karen Gilchrist spoke to the company’s self-made billionaire co-founder, Min Liang Tan, to hear how he’s pivoting his brand in response -- and what it could mean for the future of entertainment. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi...
As states and jurisdictions move elections later in the calendar and call for voters to request absentee ballots, the country faces the possibility of holding a presidential election in the middle of a pandemic. » Subscribe to CNBC: https://cnb.cx/
As of April 2020, J.C. Penney saw its shares trading well below $1, and it has long been in danger of being delisted by the New York Stock Exchange. The fate of the company now rests in the hands of its new CEO, Jill Soltau, who took the reins in Oct
Zoom has gained an incredible amount of popularity, but that popularity comes at a cost. The company is under intense scrutiny now that hundreds of millions of people are using the platform. But Zoom is in the game for the long haul, if it can surviv
The COVID-19 outbreak has laid waste to entire sectors of the global economy, but none faster than the cruise business. The pandemic has basically shut it down with the three largest publicly traded cruise companies suspending some, if not all, of th
Health officials say air travel is causing viruses and bacteria to spread around the world faster than ever before. Airlines, at the center of the coronavirus epidemic, have come under intense scrutiny for the safety and cleanliness of their cabins.
The United States industrial giant is the maker of Post-It notes, Scotch Tape, and one of the most desperately needed medical supplies in the world right now: N95 facial masks. The $32 billion Minnesota conglomerate 3M is one of the world’s larges
Prep centers have become an important part of Amazon’s vast supply chain. Though not overseen by Amazon directly, prep centers work with Amazon’s third-party sellers to get packages ready to be shipped to Amazon’s warehouses. CNBC traveled to R
By the time the novel coronavirus was declared a pandemic by the World Health Organization on March 11, nearly 120,000 people were infected worldwide, with at least 4,292 deaths. As a wave of panic spread across the globe, governments mobilized resources to contain the outbreak, exposing flaws in current health systems. With the world becoming more interconnected, CNBC’s Nessa Anwar examines how countries can prepare for a viral outbreak. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi...
While the American public stays home to slow the spread of the coronavirus, they are eating more meals in personal kitchens and less in restaurants. Supermarkets around the country are struggling to maintain stocked shelves and to keep up with the in
As coronavirus quickly spreads around the world, the virus is forcing people to stay put. People aren’t driving or flying, leading to a massive reduction in air pollution, most notably in China, but also in Italy, the U.S. and other hard-hit areas
The deadly coronavirus pandemic has stopped the world in its tracks, and exposed a weak spot in the United States’ preparedness for a public health emergency. Experts say aggressive diagnostic testing is essential in order to learn where and how an
The global coronavirus outbreak has pushed the U.S. health system to the brink. Hospitals are already running out of basic supplies like masks, eye gear, gowns and ventilators. Ventilators are key in helping keep people with the most severe cases of
Total worldwide debt is expected to continue growing over the coming months, despite having just climbed to a fresh all-time high. Given the three previous waves of global debt accumulation have all ended with financial crises, CNBC’s Sam Meredith takes a look at the risks associated with the latest build-up. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi #CNBC #Debt #Economy...
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, has been a key figure for the American public since the coronavirus outbreak began. Watch a timeline of his comments on COVID-19 as the outbreak turned into a g
Coronavirus can be terrifying for an average healthy person but what about those who are considered “high risk.” The Center for Disease Control and the World Health Organization state those at higher risk for the worst outcomes for the virus are
The golden age for airlines could be ending thanks to the spike in worldwide cases of COVID-19. A drop in crude prices would normally be a positive for airlines. However, border closings, event cancellations, and the potential for travelers to end up
What does it mean to be ‘Made in China?’ As supply chains grow increasingly global, the answer is rarely simple. CNBC’s Uptin Saiidi reports from the world’s two largest economies. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi...
Social distancing regulations to combat the coronavirus outbreak are forcing millions of Americans to work remotely. However the trend of working at home has been on the rise of a while, with regular work at home growing 173 percent since 2005 accord
The World Bank’s executive board is expected to consider later this week the first fast-track funds to help Afghanistan and Ethiopia respond to the coronavirus pandemic, the Bank’s president said on Sunday.
As Amazon orders surge, coronavirus delays deliveries and threatens to put sellers out of business. Millions of people are told to stay indoors amid coronavirus scares and grocery store shelves empty, Amazon is facing an unprecedented surge in online
Scientists around the globe are racing to develop tests, treatments and vaccines to combat the COVID-19 disease.
President Donald Trump’s response to COVID-19 has been under fire since the first cases began appearing in the United States in late January 2020. Here’s how his response has evolved since then to late March 2020, when state and federal governmen
KEY POINTS The global demand shock and supply chain disruption from shutdowns around the world, combined with...
Major tech conferences around the world are scrapping their events due to coronavirus. As of early March, the economic impact of these cancellations had surpassed $1.1 billion and since that time, the number has only increased as more events are scra
“I would like to appeal to all large businesses not to resort to force majeure and stop paying their suppliers and rental commitments , as such practice has a domino effect on all other businesses dependent on that chain,”
"If that decision is made it would severely impact our work here in Africa,” says Moeti.
The World Bank expects COVID-19 to cost Sub-Saharan Africa up to $79 billion in lost output in 2020, plunging the region into its first recession in a quarter of a century. World Bank’s Chief Economist for Africa, Albert Zeufack joins CNBC Africa for more.