CNBC World News

Britain's Burberry said sales in the final weeks of March would plunge by up to 80% as the impact of coronavirus already seen in China spread to Europe and the United States.

Preparations to shut down much of the U.K. appear to be in place with all schools set to close on Friday and public transport closures introduced in London.

The ECB launched a 750 billion euro ($820 billion) asset purchase program in an effort to help mitigate the impact of the coronavirus outbreak, as the death toll in Europe hits new highs.

The UAE government is putting its development plans "on steroids" despite low oil prices and the global coronavirus outbreak, said Mohammed Ali al-Shorafa of the Abu Dhabi Department of Economic Development.

Stocks in Asia Pacific fell on Thursday as fears over the economic impact of the coronavirus pandemic continued to weigh on investor sentiment.

The one-day fall is greater than during the bursting of the dot-com bubble, which evaporated most of Chief Executive Officer Masayoshi Son's wealth.

The country's suspension of work visa issuance and visas-on-arrival will also continue "until further notice."

Copper prices have crashed in recent days amid growing panic over the impact of the coronavirus, and the metal's reputation as a barometer for the global economy means analysts are looking to see if it has further to fall.

As consumer and activity plummets on travel restrictions and lock downs as a result of the coronavirus pandemic, a recession in Asia Pacific looks to be certain.

India has reported at least 168 cases, out of which 14 have recovered and three died, according to the health ministry.

Analysts said Tencent's huge gaming unit could help offset the expected weakness in other parts of business resulting from the coronavirus outbreak.

It marks the first known case of a worker at a U.S. Amazon warehouse testing positive for COVID-19.

The Reserve Bank of Australia reduced its cash rate to an all-time low of 0.25%.

The new Money Market Mutual Liquidity Fund will provide loans to financial institutions to buy assets from prime money market funds.

President Donald Trump on Wednesday signed a $100 billion coronavirus aid package into law which includes provisions for emergency paid leave for workers as well as free testing.

The closure was in part as a result of positive coronavirus tests of two people, Stacey Cunningham, President of the NYSE, told CNBC.

WHO officials intentionally gave the virus a generic name to avoid stigmatizing a country or particular group, choosing a name that doesn't refer to a geographical location, animals, an individual or a group of people.

As of Wednesday, more than 212,000 cases of coronavirus have been reported across the globe, resulting in at least 8,700 deaths.

For much of their history, gas stations and convenience stores have been small, often independent businesses. But the industry is quietly undergoing changes brought about by shifts in technology and consumer tastes.

The coronavirus prompts furloughs at Cessna-maker Textron Aviation, as the aerospace industry reels from a drop in demand and manufacturers rethink production.