Italy's service sector shrank at the fastest rate in more than 22 years in March, a survey showed on Friday, as a lockdown imposed to try to contain the coronavirus pandemic shuttered most businesses.
Sales of the latest video games have smashed records as millions are stuck at home, as governments locking down entire cities to stem the spread of the coronavirus.
A lack of beds, protective equipment and doctors are just some of the issues being faced in Europe, as the coronavirus crisis exposes the weaknesses of the region's national health systems.
Services companies cut jobs at the fastest pace on record as orders plunged for the second straight month and businesses scrambled to reduce their operating costs.
Stocks in Asia were little changed on Friday morning following a record surge in oil prices overnight that saw U.S. crude futures soaring more than 24%.
The virus threatens to spread widely across Africa, where several countries have seen hundreds of positive tests, according to Johns Hopkins University.
The program is a crucial component of the $2 trillion stimulus package signed last week by President Trump to cushion disruptions tied to the coronavirus.
The Pentagon will release $882 million in withheld payments to Boeing in an effort to mitigate the financial strain of the coronavirus outbreak on the defense contractor.
The officer, Capt. Brett Crozier of the USS Theodore Roosevelt, had written a letter to military leadership regarding the situation on his carrier, and it leaked to the media.