CNBC World News

While listening to President Trump announce the European travel ban in his Oval Office address, my mind wandered back in time to the early G20 meetings of finance ministers and heads of government in 2009 when the United States and its European partners worked together to head off a global financial meltdown.

Treasury Secretary Steven Mnuchin is confident the U.S. economy will weather the downturn from the coronavirus outbreak.

The order applies to restaurants, cafes, movie theaters and nightclubs. Grocery stores, pharmacies, gas stations and public transportation will remain open to the public.

Now that stocks have entered a bear market, more wild volatility is expected in the week ahead as investors await a big policy move by the Federal Reserve.

Isolating people aged over 70 for up to four months is in Britain's action plan to tackle coronavirus and it will be implemented in the coming weeks, Health Secretary Matt Hancock said on Sunday.

American Airlines will be cutting its international schedule by 75% on-year from Mar. 16 to May 6, and reducing domestic capacity by 20% in April.

Nike is closing all of its stores in the U.S., along with other parts of the world, to try to curb the spread of the new coronavirus.

The new coronavirus has so far infected 85 people in the UAE and 105 in Saudi Arabia.

Aramco, the world's top oil producing company, raised $29.4 billion in a record initial public offering in December last year.

Life in Europe's major economies is grinding to a halt as the deadly coronavirus spreads.

Trump had said earlier Saturday that he had taken a test for the coronavirus and was awaiting results. He said he had decided he would do so after a press conference Friday, in which he was pressed on whether he would take a test.

People will only be allowed to leave their homes to buy food and medicine, commute to work, go to medical centers and banks, or take trips related to the care for the young and the elderly.

Trump extends European travel restrictions to the UK and Ireland and discouraged the American public from traveling as coronavirus spreads.

The press secretary of Brazil's president, both of whom were recently in Mar-a-Lago with Trump, tested positive for the virus.

The bill passed the House after Trump gave his blessing to a coronavirus relief plan negotiated by Pelosi and Mnuchin.

All the risk assessment and economic modeling in the world is futile if it can't anticipate the one variable that matters most - particularly if it's a pandemic.

The president claims he was "given a set of circumstances" that wasn't meant for the high numbers of potential coronavirus infections and casts blame on his predecessor, Barack Obama.

Apple said it had learnt lessons from the China outbreak and "the most effective way" to minimize transmission is to maximize social distance.

Fiat Chrysler's minivan plant in Canada has halted production following workers refusing to work amid concerns of an employee being affected with the coronavirus.

The social media videos, from various cities and towns, show people singing from balconies and windows.