The coverage on this live blog has ended — but for up-to-the-minute coverage on the coronavirus, The number of confirmed coronavirus cases globally rose above 5.4 million, data compiled by Johns Hopkins University showed. In Japan, the government is seeking to end the state of emergency for Tokyo and other areas while considering $1 trillion in fresh stimulus for the battered economy.Ahead of the Memorial Day holiday weekend, all states in the U.S. began to lift some restrictions implemented to halt the spread of the coronavirus. Government officials are still urging people to practice...…The coverage on this live blog has ended — but for up-to-the-minute coverage on the coronavirus, The number of confirmed coronavirus cases globally rose above 5.4 million, data compiled by Johns Hopkins University showed. In Japan, the government is seeking to end the state of emergency for Tokyo and other areas while considering $1 trillion in fresh stimulus for the battered economy.Ahead of the Memorial Day holiday weekend, all states in the U.S. began to lift some restrictions implemented to halt the spread of the coronavirus. Government officials are still urging people to practice...WW…

Key PointsOil giant Saudi Aramco reported a 50% fall in net income for the first half of its financial year, reflecting a devastating year for oil markets and the global economy at large as the world continues to battle the coronavirus pandemic. In a release published Sunday, the company said net income plunged to $23.2 billion in the first six months of the year, down by half from $46.9 billion over the same period in 2019.Saudi Arabia's majority state-owned oil company and the world's largest crude producer also maintained its second-quarter dividend of $18.75 billion, saying it will...…Key PointsOil giant Saudi Aramco reported a 50% fall in net income for the first half of its financial year, reflecting a devastating year for oil markets and the global economy at large as the world continues to battle the coronavirus pandemic. In a release published Sunday, the company said net income plunged to $23.2 billion in the first six months of the year, down by half from $46.9 billion over the same period in 2019.Saudi Arabia's majority state-owned oil company and the world's largest crude producer also maintained its second-quarter dividend of $18.75 billion, saying it will...WW…

Business News and FinanceVIEW IN APPAs many U.S. states continue to lift coronavirus lockdown restrictions, some are pausing their reopenings in the face of worrisome data around new cases and hospitalizations. States like Texas, Arizona and Arkansas have seen a surge in infections, calling into question aggressive reopening strategies. Officials at the Centers for Disease Control and Prevention said Friday if rising infection data doesn't improve, and some researchers are warning the resurgences in some states — it's still just the first. CNBC's live coverage in this...…Business News and FinanceVIEW IN APPAs many U.S. states continue to lift coronavirus lockdown restrictions, some are pausing their reopenings in the face of worrisome data around new cases and hospitalizations. States like Texas, Arizona and Arkansas have seen a surge in infections, calling into question aggressive reopening strategies. Officials at the Centers for Disease Control and Prevention said Friday if rising infection data doesn't improve, and some researchers are warning the resurgences in some states — it's still just the first. CNBC's live coverage in this...WW…

Key PointsIn this articleDUBAI, United Arab Emirates — The British and American embassies in the United Arab Emirates are facing backlash online and among locals for raising the rainbow pride flag, which honors LGBTQ communities, along with their own national flags to celebrate Pride Month. This is the first time any diplomatic mission has flown a gay pride flag in the religiously conservative Arab Gulf, and it is causing controversy in a country where same-sex relationships are illegal."June is and around the world we celebrate the equality and visibility of + people," the U.K....…Key PointsIn this articleDUBAI, United Arab Emirates — The British and American embassies in the United Arab Emirates are facing backlash online and among locals for raising the rainbow pride flag, which honors LGBTQ communities, along with their own national flags to celebrate Pride Month. This is the first time any diplomatic mission has flown a gay pride flag in the religiously conservative Arab Gulf, and it is causing controversy in a country where same-sex relationships are illegal."June is and around the world we celebrate the equality and visibility of + people," the U.K....WW…

Key PointsRussian President Vladimir Putin, in his annual State of the Nation speech, warned on Wednesday against provoking his country, promising a swift retaliation against anyone who crossed "red lines."Moscow will respond "harshly," "quickly" and "asymmetrically" to foreign provocations, Putin told an audience of Russia's top officials and lawmakers, adding that he "hoped" no foreign actor would cross Russia's "red lines," according to a Reuters translation.Russia might be most important difference between Trump & Biden, says former ambPutin also touted the country's planned...…Key PointsRussian President Vladimir Putin, in his annual State of the Nation speech, warned on Wednesday against provoking his country, promising a swift retaliation against anyone who crossed "red lines."Moscow will respond "harshly," "quickly" and "asymmetrically" to foreign provocations, Putin told an audience of Russia's top officials and lawmakers, adding that he "hoped" no foreign actor would cross Russia's "red lines," according to a Reuters translation.Russia might be most important difference between Trump & Biden, says former ambPutin also touted the country's planned...WW…

Key PointsOver a year after the coronavirus first hit Europe, much of the continent spent Easter — usually a major holiday in the region — in lockdown as it grapples with a third wave of virus infections. "It is just a big mess. Everyone is frustrated with the government," Hannah Weiler, a medical student in Cologne, Germany, told CNBC. Germany's government just a day after it was announced in late March, leaving measures up to the country's 16 federal states instead, amid backlash from the public. But Chancellor Angela Merkel urged residents to stay home over the long...…Key PointsOver a year after the coronavirus first hit Europe, much of the continent spent Easter — usually a major holiday in the region — in lockdown as it grapples with a third wave of virus infections. "It is just a big mess. Everyone is frustrated with the government," Hannah Weiler, a medical student in Cologne, Germany, told CNBC. Germany's government just a day after it was announced in late March, leaving measures up to the country's 16 federal states instead, amid backlash from the public. But Chancellor Angela Merkel urged residents to stay home over the long...WW…

Key PointsTackling climate change is not about countering China, John Kerry saysNo single country can solve the climate crisis — and the American pursuit of greater research and development on climate change is not a counter to China, the Biden administration's climate envoy John Kerry told CNBC on Sunday. "No one nation can solve this problem by itself — impossible. Each of us need everybody else at the table to make this happen," Kerry told CNBC's Hadley Gamble in Abu Dhabi after wrapping up the UAE's Regional Climate Dialogue, during which he toured renewable energy facilities in...…Key PointsTackling climate change is not about countering China, John Kerry saysNo single country can solve the climate crisis — and the American pursuit of greater research and development on climate change is not a counter to China, the Biden administration's climate envoy John Kerry told CNBC on Sunday. "No one nation can solve this problem by itself — impossible. Each of us need everybody else at the table to make this happen," Kerry told CNBC's Hadley Gamble in Abu Dhabi after wrapping up the UAE's Regional Climate Dialogue, during which he toured renewable energy facilities in...WW…

Key PointsTurkey's lira fell dramatically on Monday morning after President Recep Tayyip Erdogan fired the country's central bank chief — the third to be fired in two years — sending shockwaves through the investor community.The currency plunged more than 16% in early morning Asian trading, according to analysts, hitting 8.4 against the dollar compared to a close of 7.21 on Friday. It pared some losses to trade around 7.9 to the dollar by 11 a.m. local time, although the greenback was still up nearly 10% on the lira.3 hours ago3 hours ago2 days agoThe news is set to further rock the economy...…Key PointsTurkey's lira fell dramatically on Monday morning after President Recep Tayyip Erdogan fired the country's central bank chief — the third to be fired in two years — sending shockwaves through the investor community.The currency plunged more than 16% in early morning Asian trading, according to analysts, hitting 8.4 against the dollar compared to a close of 7.21 on Friday. It pared some losses to trade around 7.9 to the dollar by 11 a.m. local time, although the greenback was still up nearly 10% on the lira.3 hours ago3 hours ago2 days agoThe news is set to further rock the economy...WW…

Key PointsIranian state TV has aired footage of what it said was a new Revolutionary Guard base, a "missile city" armed to the teeth with cruise and ballistic weapons. Inside the underground facility, the footage broadcast Monday shows what appear to be advanced munitions including scores of missiles lined up along concrete walls. Outside, the base hosts what the Guard said is electronic warfare equipment, including radar, monitoring devices and simulation and disruption systems."What we see today is a small section of the great and expansive missile capability of Revolutionary Guards'...…Key PointsIranian state TV has aired footage of what it said was a new Revolutionary Guard base, a "missile city" armed to the teeth with cruise and ballistic weapons. Inside the underground facility, the footage broadcast Monday shows what appear to be advanced munitions including scores of missiles lined up along concrete walls. Outside, the base hosts what the Guard said is electronic warfare equipment, including radar, monitoring devices and simulation and disruption systems."What we see today is a small section of the great and expansive missile capability of Revolutionary Guards'...WW…

Dr. Scott Gottlieb on Trump terminating relationship with WHOPresident Donald Trump announced Friday that he is 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 and treatment.Before Trump's WHO announcement, French drugmaker Sanofi said it is as a treatment for Covid-19 while the WHO reviews safety data on the Trump-touted drug. Later Friday, Moderna announced that the first...…Dr. Scott Gottlieb on Trump terminating relationship with WHOPresident Donald Trump announced Friday that he is 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 and treatment.Before Trump's WHO announcement, French drugmaker Sanofi said it is as a treatment for Covid-19 while the WHO reviews safety data on the Trump-touted drug. Later Friday, Moderna announced that the first...WW…