Ian Goldin, professor of Globalisation and Development at the University of Oxford and ex-vice president of the World Bank, has been predicting a widespread pandemic for several years.
Major international creditors will relieve the world's poorest countries of debt payments this year to help them deal with the coronavirus pandemic, France announced on Tuesday.
CNBC's Steve Liesman reports on a recent statement from the G7 in which member nations say they are willing to do whatever is necessary to support the economy and financial markets amid the global coronavirus pandemic.
The G-7 meeting of world leaders will instead take place over video conference as the world fights the spread of the coronavirus.
As the latest growing epicenters of the COVID-19 crisis, U.S. and Europe need to demonstrate "a very strong commitment" in the G7 in containing the outbreak and stabilizing incomes, says Izumi Devalier, head of Japan economics at Bank of America Securities.
"The next eight weeks are critical," Trump said as he declared a national emergency over coronavirus.
As markets try to find a clear path through the uncertainty coronavirus has created, Sameer Goel of Deutsche Bank says "the only truth is volatility." According to him, the Fed has more way to go than the other G7 countries.
Rob Carnell, head of Asia Pacific research and chief economist at ING, discusses the global effort to contain the new coronavirus.
The G-7 industrial powers are crafting a statement to issue on countering the impact of the coronavirus, but it does not specifically call for new government spending or coordinated interest rate cuts by central banks, a G-7 official told Reuters.
Bloomberg would appeal to moderate voters and those with "Trump fatigue," the former White House communications director says.
Next year's G-7 will be held at Camp David, President Trump said, more than a month after he backed off his initial plan to host the gathering of world leaders at his own Doral resort in Miami.
White House acting chief of staff Mick Mulvaney on Thursday revealed that the Trump National Doral Miami would be the site of next June's G-7 summit. Mulvaney said the resort was clearly the best choice.
New York Times columnist Jim Stewart and CNBC's Robert Frank discuss the Trump administration's announcement that the 2020 G-7 summit will be held at Trump's resort in Doral, Florida.
CNBC's Robert Frank reports on the business of the Trump National Doral Resort in Miami, Florida, after it was announced that the 2020 G-7 summit of world leaders will take place at the president's namesake resort.
The U.S. did not agree to the G-7's $22 million fund to help control fires in the Amazon rainforest, a White House official has claimed.
Bolsonaro said Brazil may accept the G-7's offer for help with fires in the Amazon if France's Emmanuel Macron withdraws his "insults" regarding the issue.
CNBC's "Closing Bell" team talks about how news from the G-7 meeting may have impacted markets with Art Cashin of UBS, Ian Winer of Drexel Hamilton and Peter Cecchini of Cantor Fitzgerald.
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires. Among those taking action to provide funding for the cause are Leonardo DiCaprio and the G7 nations. New video shows charred regions of the Amazon and firefighters battling the fires.
The funding announcements come as a petition urging the Brazilian government to preserve the Amazon rainforest surpasses 5 million signatures.
President Donald Trump said on Monday that the United States is close to reaching a compromise over France's digital tax.