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World Bank moving forward on first $1.7 bln in pandemic aid projects

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.

Hopes are high for a coronavirus treatment, which could come much quicker than a vaccine

Scientists around the globe are racing to develop tests, treatments and vaccines to combat the COVID-19 disease.

Mauritius confirms first three cases of coronavirus

Mauritius has confirmed its first three cases of coronavirus, its government said in a statement on Thursday.

Billionaire Mark Cuban reveals what he’s been buying in the coronavirus stock market swings

Mark Cuban said Wednesday he’s been “dipping my toes” into the market during its recent stretch of coronavirus-driven volatility.

Sterling falls to levels not seen since 2016 as dollar strength hammers global currencies

Sterling slid below $1.19 on Wednesday to hit its lowest point since October 2016 as liquidity concerns sent the dollar surging and hammered currencies around the world.

Worldwide coronavirus cases top 200,000 for the first time

COVID-19 cases surpassed 200,000 worldwide on Wednesday as the new coronavirus continues to spread outside of China, the original epicenter of the outbreak.

Sasol aims to generate $6 billion to boost balance sheet

Shares in the petrochemicals group rose 15% at the market open before reversing some gains to trade up 6.28% at 47.55 rand by 0716 GMT.

Hopes of a coronavirus vaccine mount as three key biotech players make progress

Dozens of companies and public labs around the world are working to develop a vaccine to prevent the spread of the flu-like virus. Over the last 48 hours, three biotech companies, in particular, have been thrust into the spotlight for their promise: BioNTech, CureVac and Moderna.

OPEC and IEA warn developing countries could lose up to 85% of oil and gas income this year

IEA Executive Director Fatih Birol and OPEC Secretary General Mohammed Barkindo expressed “deep concerns” about the coronavirus pandemic on Monday, warning it could have “potentially far-reaching economic and social consequences.”

US Treasury yields rise as stocks search for modest recovery after Monday’s crash

The Dow and S&P 500 on Monday suffered their worst plunge since the “Black Monday” crash of 1987, despite the Federal Reserve’s announcement of an emergency $700 billion quantitative easing program and a further 100 basis point cut to interest rates.

JPMorgan tells employees around the world to work from home if possible

The New York-based bank, which has 256,981 workers and operates in 60 countries, is expanding on a policy it began last week for New York-metro area employees as it copes with the spread of the coronavirus pandemic.

As oil prices tank, BP CFO warns demand could be negative in 2020

Demand for oil will likely be negative in 2020, adding further downward pressure to plummeting prices, according to BP CFO Brian Gilvary.

African nations close borders, cancel flights amid coronavirus pandemic

Several African governments on Sunday closed borders, canceled flights and imposed strict entry and quarantine requirements to contain the spread of the new coronavirus, which has a foothold in at least 26 countries on the continent as cases keep rising.

Here’s what’s driving market volatility after the global stock rout

While Thursday’s stock market was fueled by the rapid global spread of the coronavirus pandemic, and U.S. President Donald Trump’s announcement of travel restrictions from Europe, markets today are painting an inconsistent and chaotic picture.

Coronavirus updates: China reports 8 new cases, wife of Canadian PM tests positive

Global cases: At least 125,288, according to the latest figures from the World Health Organization

US crude prices drop below $30 a barrel after OPEC deal failure sparks price war, oil-dependent economies left vulnerable

Nigeria’s $34.6 billion Budget for 2020 was benchmarked on an oil price of $57 per barrel. It expected crude oil sales to contribute 35 percent of government revenue. The oil prices' plunge has forced the Nigerian government to review its budget.

Why Big Tech Is Heading To Africa

Jack Dorsey, founder of Twitter and Square, Inc, raised some eyebrows in Silicon Valley when he announced he was moving to Africa in 2020. Africa is poised to take off as the next big tech market, and both America and China have taken notice. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC Why Big Tech Is Heading To Africa

A $500 million consortium and global stage for Africa at Expo 2020 Dubai

Written by: Renuka Methil For the first time in the near 170-year history of...

Powering Africa’s bright future: how digitising a continent’s youth will drive global progress

The future of the world hinges on the future of Africa. A bold statement? The UAE doesn’t think so and has backed...

Op-Ed: Why the United States should be careful what it asks for

Right now, socialism is all the rage in America but this is the cost of introducing it...

LinkedIn reveals the most in-demand job skills in 2020

The top 10 most in-demand hard skills globally revealed.

World markets roiled as China’s coronavirus spreads

Investors worldwide have been spooked by the rapid spread of the Chinese coronavirus, with stock markets around the globe sharply lower.

Donald Trump vs. Greta Thunberg: #WEF20 prepares for climate crisis showdown

The upcoming forum will mark the first time Trump has attended the same event as Thunberg since the pair briefly crossed paths at the UN climate change summit in New York last year.

Selfies, emojis and bitmojis: Recruitment experts give their verdict on creative resumes

In today’s competitive job market — where hiring managers can spend as little as seven seconds looking at a resume should jobseekers add a little creative flair to their applications to help them stand out from the pack?

UK’s Boris Johnson is pushing for deeper trade ties with Africa as Brexit nears

Prime Minister Boris Johnson will call for deeper investment ties between Britain and Africa at a summit for leaders of 21 African countries on Monday that comes days before his country will leave the European Union.

Here’s who’s going to Davos this year

By: Silvia [email protected]_AMARO KEY POINTS This year marks the 50th anniversary of the event in...

Why Twitter’s co-founder Jack Dorsey and other major tech figures are suddenly interested in Africa

“Africa similarly presents some fundamental leapfrog opportunities that have been unlocked through the use of mobile phones and other technology platforms,”, says Jim Breyer, an early Facebook investor.

Trump has been impeached by the House. Here’s what happens next

Donald Trump is now the third president in U.S. history to be impeached by the House. Here's what happens next...

South Africa’s rand steady following signs of progress in U.S. – China trade talks

South Africa's rand inched slightly up in early trade on Monday, holding near a 3-week high it hit in the previous session, as risk sentiment strengthened following signs of progress in U.S.-China trade talks and a Brexit breakthrough.

Latest

Rupert family fund oversubscribed; applications temporarily suspended

Applications for the Rupert family’s R1 billion small business fund, The Sukuma Relief Programme, which opened on Friday, have temporarily been suspended.

EOH Exco chop salaries by 25%; ask staff to cut by 20%

Technology group EOH narrowed its first half loss per share from continuing operations, while group revenue fell 14 per cent and costs rose. EOH CFO, Megan Pydigadu joins CNBC Africa for more.

SA launches green fund to drive investment into SMMEs

R488 million – that’s how much the Green Outcomes Fund has set aside for fund managers to increase investment in green Small, Medium and Micro-sized Enterprises. To discuss the fund - the first of its kind, CNBC Africa is joined by Tine Fisker Henriksen: Innovative Finance Lead, UCT GSB Bertha Centre and Mark van Wyk: Head of Unlisted Investments, Mergence Investment Managers.

Sarb guides banks to put dividends, bonuses on hold

South Africa’s Reserve Bank has guided banks to put dividends and executive bonuses on hold to help reduce stress on the banking sector from fighting Covid19. For more on this recommendation as well as other directives to ensure the health of the sector, CNBC Africa is joined by Unathi Kamlana, Head of Policy Statistics and Industry Support at the Prudential Authority.

Nigerian banking index gains but industrial goods sector declines

Investors are taking a keen interest in banking stocks today but the Industrial goods sector is facing a steep decline. Dare Fajimolu, Chief Research Officer at Blue Vertex joins CNBC Africa for a recap of today’s trade.