Oil prices on Friday posted their biggest week of losses since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top exporter Saudi Arabia and its allies to flood the market with record levels of supply.
U.S. President Donald Trump declared a national emergency over the quickly spreading coronavirus on Friday, opening the door to more federal aid to combat a disease that has infected over 138,000 people worldwide and left more than 5,000 dead.
Fiat Chrysler Automobiles NV said production at its assembly plant in Windsor, Ontario, which was halted for 24 hours after an employee contracted the coronavirus, has resumed on Friday afternoon.
Microsoft Corp co-founder Bill Gates has stepped down from the company's board to dedicate more time to his philanthropic priorities including global health, education and tackling climate change, the company said on Friday.
A group representing major U.S. airports on Friday revised upward its forecast for estimated losses this year to $5.7 billion after President Donald Trump instituted new European travel curbs and as flight reductions rose.
As Americans hole up at home to wait out the coronavirus pandemic, fewer people are going out to eat, leading some fast food chains to cut delivery fees and meal delivery platforms to suspend commissions.
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.
The United States will suspend travel from certain European countries for 30 days beginning at midnight on Friday as part of an effort to stem the spread of the coronavirus.
Wall Street staged a furious rally in the waning moments of the session on Friday after U.S. President Donald Trump declared a national emergency to combat the rapidly spreading coronavirus, although major averages still suffered sharp losses for the week.
U.S. aviation safety regulator is investigating a possible structural problem with Boeing Co's older 737 aircraft following an in-flight incident that caused a 12-inch rupture in the aluminum skin of a Southwest Airlines jet, the Wall Street Journal reported on Friday.
Kosovo reported its first coronavirus cases on Friday, in a 20-year-old Italian woman and a 77-year-old Kosovar man.
As a collapse in the oil price unleashed chaos in financial markets, Madrid money manager Diego Parrilla phoned a colleague who agreed: they had better head to work early in the morning.
The U.S. Federal Aviation Administration (FAA) said on Friday it has begun a probe following an in-flight incident involving an older 737 aircraft manufactured by Boeing Co and flown by Southwest Airlines .
German flagship carrier Lufthansa on Friday said it would scrap its annual dividend, slash its flight schedule further and is also considering a request for state aid to help it deal with the impact of the coronavirus outbreak.
"These are real companies, and they want to do something about it," CNBC's Jim Cramer said.