CNBC Asia

"We have gotten some ventilators in, but right now, we're struggling to have enough for next week," he said, adding that the city needs 15,000 additional ventilators to get through April and May.

World Health Organization officials cautioned Friday that more young people are becoming critically ill and dying due to COVID-19.

The coronavirus has infected more than 57,100 people in New York City.

"New York is in crisis. Help New York," Gov. Andrew Cuomo said Friday.

"Never in the history of the IMF have we witnessed the world economy come to a standstill," said Kristalina Georgieva, managing director of the IMF, during a press conference on the pandemic.

Some 35% of all coronavirus tests administered in New York and New Jersey have been positive, indicating a serious outbreak in both states.

"We are all aware of the profound social and economic consequences of the pandemic," WHO's top official says.

New Jersey Gov. Phil Murphy is holding a press conference on the coronavirus outbreak in the state, which has infected more than 25,500 people in the state as of Friday.

New York Gov. Andrew Cuomo is holding his daily news conference on the COVID-19 outbreak, which has infected more than 92,700 people in the state as of Friday morning.

World Health Organization officials are holding a press conference to update the public on the coronavirus outbreak, which has now infected over 1 million people globally.

"We still need to do the definitive studies to determine whether any intervention, not just this one, is truly safe and effective," Dr. Anthony Fauci says.

Those measures will be in place for one month "in the first instance," said Prime Minister Lee Hsien Loong.

The IHS Markit Spain Services Purchasing Managers' Index — which measures activity in the industry — sank to a record low of 23.0 in March from 52.1 in February.

The drawdown is another example of how Royal, along with peers Carnival Corp. and Norwegian Cruise, have sought cash infusions to remain solvent after the industry announced a suspension of operations due to the coronavirus pandemic.

Stocks in Asia were little changed on Friday following a record surge in oil prices overnight that saw U.S. crude futures soaring more than 24%.

Indonesia has recorded 170 deaths related to COVID-19, the highest toll in Southeast Asia, according to data compiled by Johns Hopkins University.

In Florida, 9,008 people have tested positive for the COVID-19 coronavirus, 1,167 have been hospitalized and 144 have died, according to the state's department of health.

President Donald Trump on Thursday invoked the Defense Production Act to aid companies building ventilators for coronavirus patients to receive the supply of materials they need.

As of Thursday, more than 1,011,000 cases of coronavirus have been reported, resulting in at least 52,800 deaths.

The virus threatens to spread widely across Africa, where several countries have seen hundreds of positive tests, according to Johns Hopkins University.