India is the fourth worst-hit country in the world — behind only the United States, Brazil and Russia, according to Johns Hopkins University data. The number of cases has spiked in recent days and the cumulative numbers are now over 332,000.
Italy, Germany, France and the Netherlands signed a contract with the company to supply 400 million doses of the vaccine, according to a Reuters report. AstraZeneca CEO Pascal Soriot said the drugmaker is also in talks with Japan, Russia, Brazil and China.
China's capital city reported a cluster of new cases over the weekend, raising concerns about a second wave of infections in Beijing. Out of 49 new reported cases in the mainland on Sunday, 36 were in Beijing, according to the National Health Commission.
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- Global cases: More than 7.91 million
- Global deaths: At least 433,472
- Worst-hit countries: United States (more than 2.09 million); Brazil (867,624); Russia (528,267); India (332,424) and the United Kingdom (297,342).
The data above was compiled by Johns Hopkins University.
Beijing reinstates some restrictions as coronavirus returns
10:00 a.m. London time: Several areas of the Chinese capital Beijing have reinstated coronavirus-related restrictions amid a spike in cases. Security checkpoints have been set up and schools and sports venues closed after a raft of new cases linked to a wholesale food market, Reuters reported.
After nearly two months of no new infections being reported, Beijing officials have reported 79 cases over the past four days, the news agency said.
The outbreak has been traced to the massive Xinfadi market, which covers an area equivalent to the size of almost 160 soccer pitches. — Holly Ellyatt
Doctor warns second wave could stress health-care system
3:28 p.m. Singapore time — A second wave of infections has started in the U.S. — and people need to remain vigilant or risk stressing out the health-care system again, said William Schaffner, a professor at the Vanderbilt University School of Medicine.
Some states in the U.S. have reported recent spikes in Covid-19 cases as measures are eased throughout the nation, which has the highest number of cases in the world.
"Many people are simply not being careful, they're being carefree," Schaffner said, pointing to the lack of social distancing and mask wearing. "That, of course, will lead to more spread of the Covid virus." — Abigail Ng
Hong Kong Disneyland to reopen on June 18
12:57 p.m. Singapore time — Hong Kong Disneyland is opening its doors again on Thursday this week, after closing the theme park on Jan. 26 due to concerns over the coronavirus outbreak.
During the "initial reopening phase," the park will require all guests to make reservations for their visit ahead of time. "The park will operate with reduced capacity, enhanced health and safety procedures and a new reservation system for all guests," the company said in a press release.
As the park prepares to reopen, after nearly five months, most of its attractions, shopping and dining locations will return to operations with "controlled capacity," Disney said.
"The park will implement social distancing in queues, restaurants, attraction vehicles and other facilities throughout the park. Character experiences requiring close interaction and close-up photos will be temporarily suspended," it added. — Joanna Tan
India cases spike despite massive lockdown
12:22 p.m. Singapore time — The number of coronavirus cases in India has jumped in recent days despite an extended period of lockdown, raising fears that the outbreak may not be fully under control. India has the fourth highest number of reported cases in the world, with cumulative numbers over 332,000, according to Johns Hopkins University data.
"Last two, three weeks have seen a very significant increase in the number of cases every day," Arvind Kumar, chairman of the Center for Chest Surgery at Sir Ganga Ram Hospital in Delhi, told CNBC last week.
The city of Delhi is said to have become a recent hotspot, with accounts of people struggling to get a hospital bed there, according to a Reuters report. — Saheli Roy Choudhury
(This entry was updated at 3:36 p.m. Singapore time with the latest India numbers from Hopkins.)
Beijing reports uptick in cases over the weekend
10:26 a.m. Beijing time — A cluster of new Covid-19 cases tied to a major wholesale produce market on the outskirts of China's capital city has raised worries of a second outbreak.
Of 49 new confirmed cases in mainland China reported for Sunday, 36 were in Beijing, according to the National Health Commission. That followed another 36 confirmed cases in the city reported for Saturday.
The source of the latest cluster of virus cases is sill unclear, according to official statements. Chinese authorities said the latest virus outbreak may have come from the direction of Europe. The World Health Organization said it was following up with Chinese authorities on the cluster of cases. — Evelyn Cheng
France to reopen restaurants in Paris
2:50 p.m. ET — French President Emmanuel Macron announced in a national address that restaurants will reopen fully in Paris on Monday as the country exits a strict lockdown.
France closed restaurants, cafes, movie theaters, nightclubs and other nonessential businesses in March to slow the spread of the virus. The government expects the economy to contract by 11% in 2020, according to Reuters.
More than 193,000 people have tested positive for the virus in France and at least 29,401 people have died. —Spencer Kimball, Reuters
Germany's contact tracing app will go live this week
2:30 p.m. ET — The German government will release its coronavirus contact tracing app to the public this week, Health Minister Jens Spahn told German public television over the weekend.
The app uses Bluetooth technology to measure whether users are within two meters of each other for a period of 15 minutes or longer. Every five minutes an anonymous identification number is collected from app users. The place of contact is not recorded by the app.
Users who test positive for Covid-19 can enter that information into the app, which then informs all other users who came in close contact with the person. Users install the app voluntarily and it can be deactivated or removed afterward.
The app is a joint project of the German federal government, Deutsche Telekom, SAP and two research institutes. —Spencer Kimball
Convention and events industry is set to make a comeback
1:04 p.m. ET — Large, indoor gatherings of thousands of people are set to return faster than you may think, with some facilities getting ready to host events as soon as next month with safety measures like temperature checks, social distancing, reduced capacity and contactless registration.
"I'm very excited to be getting groups back," said Mark Tester, executive director of the Orange County Convention Center.
Tester said their first event since the shutdown is a 10,000-person high school volleyball tournament in July, CNBC's Contessa Brewer and Katie Young report. The center is aiming to host 12 events in July and August and anticipates a "ramp up" in the fall to its normally busy schedule, Tester added.
From March through the end of 2020, 64% of the conferences tracked by the International Association of Exhibitions and Events have been canceled. —Chris Eudaily
Cuomo threatens to take liquor licenses from bars and restaurants caught violating reopening rules
12:38 p.m. ET — New York has received 25,000 complaints about businesses violating rules of the phased re-opening, Gov. Andrew Cuomo said.
People, some of whom are not wearing masks, have been gathering in big groups outside of bars and restaurants that are providing to-go services, the governor said at a press conference.
Cuomo called the problem "rampant" and said he will take away liquor licenses of bars and restaurants that are caught breaking the law.
"It is just disrespectful not to wear a mask," Cuomo said. "It's disrespectful to the health-care workers and essential workers who sacrificed themselves for 100 days, some of whom died and gave their life to crush this Covid virus." —Emma Newburger
Texas and North Carolina see record hospitalizations
12:15 p.m. ET — States that are reopening are reporting a rise in daily new coronavirus cases, with some of the hardest-hit states having lifted lockdown restrictions on or before May 8.
The daily number of new cases across the country seems to have leveled out, according to data from Johns Hopkins University, but more than 20 states are seeing increasing numbers of new cases recently, the New York Times reports.
Texas and North Carolina reported a record number of virus-related hospitalizations Saturday.
The surge in cases in some states may be tied to the increasing availability of tests, but there are also reports that residents in reopened states have returned to salons and parks and stopped wearing masks and following social distancing recommendations. —Emma Newburger
Experts call on FDA to improve Covid-19 testing accuracy
11:26 a.m. ET — Early in the pandemic, the Food and Drug Administration used emergency powers to clear the way for tests to be quickly put in use, but recently preliminary findings have found potential problems with some tests, the Associated Press reports.
"In the beginning, the FDA was under a lot of pressure to get these tests onto the marketplace," said Dr. Steven Woloshin of Dartmouth College. "But now that there are plenty of tests out there, it's time for them to raise the bar."
The FDA said it has already asked multiple test makers to do additional accuracy studies and that it is tracking reports of problems. The agency did not say how many of the more than 110 authorized screening tests it has asked for additional studies, according to the AP.
Most COVID-19 tests in the U.S. don't currently give data on real-world performance, including how often there are false positives or negatives. That information is lacking for all but a few of the roughly 80 commercial screening tests available, according to an Associated Press review.
Many commercial test makers submitted results from 60 samples for initial clearance, the minimum number required, and mostly used lab-produced specimens of the virus. But most actual tests are carried out in hospitals, clinics and even parking lots, which are sometimes imperfect conditions that could throw off test performance.
Experts say larger studies are needed to get a true measure of a test's accuracy. —Chris Eudaily, Associated Press
PPP funding is about to dry up for these small business owners. Here's what's next
10:50 a.m. ET — Some entrepreneurs who applied for the Paycheck Protection Program are close to exhausting their funding, which was originally intended to cover eight weeks of payroll, rent, mortgage interest and utilities.
It's a particularly scary time for entrepreneurs in the leisure, hospitality and restaurant industries, as they begin to emerge from lockdown and face lower revenues.
Lisa Hess, owner of Lucy's Coffee in San Luis Obispo, California, has about two weeks of funding left after borrowing about $23,000 from the PPP.
"We're a college town, and February through June are our busiest months," said Hess, who's had her café for three years. "The timing was terrible: We literally started breaking even three weeks before the shelter-in-place order."
Senate Democrats have proposed legislation that will allow cash-strapped businesses to get more funding from PPP, provided they are close to exhausting their original loan and their revenues have fallen by at least 50%.
In the meantime, businesses are preparing themselves for uncertainty. They're looking into grants and other small business loans to get through the months ahead. —Darla Mercado
UK could ease social distancing rules on July 4
10:30 a.m. ET — U.K. Prime Minister Boris Johnson said that Britain could ease its social distancing rule requiring people to keep a two-meter distance apart on July 4, according to Reuters.
Britain is scheduled to potentially let up on some of its lockdown measures on July 4 as the number of Covid-19 cases decline.
"As we get the numbers down, so it becomes one in 1,000, one in 1,600, maybe even fewer, your chances of being two meters, or one meter, or even a foot away from somebody who has the virus is obviously going down statistically, so you start to build some more margin for maneuver," Johnson said. "We'll be looking at that and keeping it under constant review as we go forward to the next step in our plan, which is, as you know, July 4." —Lorie Konish, Reuters
Kudlow says U.S. economy is in 'recovery stage'
10:02 a.m. ET — White House economic advisor Larry Kudlow said that the U.S. economy is now in the "recovery stage" after saying last week that the economy appeared to reach its lowest point.
The unemployment rate declined to 13.3% in May from April's 14.7%, a largely unexpected gain as states begin to lift restrictions and people start returning to work.
The $600 enhanced unemployment benefits created by the CARES Act to help people who lost jobs during the pandemic are set to end July 31.
Kudlow said the extra benefits are a "disincentive" for people who may not want to return to work because the unemployment aid pays more than their regular salary, and mentioned there will be "some kind of bonus" for those who return to work. —Emma Newburger
Some U.S. industries see improvement amid reopening progress
9:25 a.m. ET — Key sectors hit hardest by the coronavirus are seeing improvement as the U.S. makes further reopening progress. Consumers are eating out more at restaurants, buying more homes and even traveling more.
To check out charts that illustrate signs of recovery in these sectors, click here. —Hannah Miller
European countries reopen travel with patchwork of different rules
8:54 a.m. ET — Travel restrictions are being lifted across Europe, but travelers from the U.S., Asia, Latin America and the Mideast aren't clear yet, the Associated Press reports.
Many European countries are opening back up and allowing travel from the EU, Britain and the other countries in the passport-free Schengen area, according to the AP.
One notable holdout to the travel reopening push is Spain, which still has another week under domestic travel restrictions and will open up to foreign travel on July 1, the news service reports. The country is, however, having a two-week trial for visitors on Monday when thousands of Germans are flying to Spain's Balearic Islands.
Germany, along with France and others, is lifting border checks Monday and rolling back a worldwide warning against nonessential travel to exempt European countries, according to the AP. Nonessential warnings are expected to remain in place for countries where there are still travel restrictions like Finland, Norway, Spain and Sweden. —Chris Eudaily, Associated Press
Read CNBC's previous coronavirus live coverage here: European nations sign deal with AstraZeneca for 400 million vaccine doses.