As the rapid spread of the new coronavirus disrupts travel worldwide, trip takers may discover that their insurance won't provide coverage for cancellations related to the global pandemic.
U.S. President Donald Trump will declare a national emergency over the fast-spreading coronavirus on Friday, opening the door to more federal aid to combat a disease that has infected 138,000 people worldwide and left more than 5,000 dead.
Global downloads of business apps including Tencent Conference, WeChat Work, Zoom, Microsoft Teams and Slack have risen nearly five fold since the start of the year, data showed, as the coronavirus outbreak changes how corporations work.
Denmark announced on Friday it would shut its borders to most foreign visitors for a month from Saturday, in a move unprecedented in peacetime as part of efforts to halt the spread of coronavirus.
The dollar surged on Friday, posting sharp gains against the safe-haven Japanese yen as stock markets recovered globally and investors cheered efforts by governments and policymakers to address the economic fallout from the coronavirus outbreak.
British Airways warned of job losses and Norwegian Air said it had "weeks not months" to avert collapse, as airlines look for cost cuts and government help in the face of a crippling travel slump brought on by the coronavirus.
Stocks across the globe bounced back on Friday but hopes of more central bank stimulus and government spending went only so far and indexes were set to post large weekly drops after days of pandemic-related panic-selling across markets.
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United Airlines confirmed Friday it is in talks with U.S. government officials about possible financial assistance in the middle of a dramatic falloff in travel demand due to the coronavirus outbreak.
Poland will ban foreigners from entering the country from Sunday and impose a 14-day quarantine on its citizens returning home in a bid to curb the spread of coronavirus, Prime Minister Mateusz Morawiecki said on Friday.
Azerbaijan has banned wedding celebrations and other public events, the authorities said on Friday, a day after it recorded its first death from the coronavirus.
This month's dramatic selloff in financial markets is causing ructions in vital funding markets that keep money flowing between banks and companies and underpin anything from global trade to corporate cashflow.
The U.S. Federal Reserve is talking with lenders about potentially going easy on them if they deplete their liquidity reserves while trying to support customers hurt by coronavirus disruption, according to three people with knowledge of the discussions.
Major sports events around the world that have been hit by the coronavirus outbreak:
The number of confirmed coronavirus cases in Germany has risen by 671 to reach 3,062, the Robert Koch Institute for infectious diseases said on Friday.