CNBC Asia

Measures taken by authorities globally to slow the spread of the new coronavirus have compounded the outbreak's hit on the economy, with many experts now warning of a recession.

Passengers arriving in Hong Kong must wear a bracelet and download a smartphone app, as the city tries to reduce the spread of the coronavirus.

As of Tuesday, more than 190,000 cases of coronavirus have been reported across the globe, resulting in at least 7,890 deaths.

SoftBank had planned a $3 billion tender offer for WeWork shares, which were privately held, along with a $1.5 billion acceleration of equity it has already committed and $5 billion in syndicated debt. The financing package was meant to save WeWork from an impending cash crunch last year.

Testing in the U.S. has been hampered by delays and a restrictive diagnostic criteria that limited who could get tested.

The International Olympic Committee reaffirmed its commitment to push ahead with the 2020 Summer Olympics in July without delay, but officials and potential participants are starting to get skeptical.

New York City Mayor Bill de Blasio plans to hold a press conference on the coronavirus outbreak that has infected at least 460 people in the city.

The coronavirus can go airborne, staying suspended in the air depending on factors such as heat and humidity, WHO officials said.

World Health Organization officials are holding a press conference to update the public on the coronavirus outbreak in Europe.

Iran has temporarily freed about 85,000 prisoners, including political prisoners, a spokesman for its judiciary said on Tuesday, Reuters reported.

Stocks in Asia Pacific were mixed on Tuesday as they seesawed after shares on Wall Street plunged to their biggest day drop in more than three decades overnight, and the Philippines shut its markets temporarily.

Mixed messages from the Trump administration have sewn confusion in the markets and across the state lines, forcing state and local officials to take matters into their own hands

As of Monday, more than 181,000 cases of coronavirus have been reported, resulting in at least 7,100 deaths.

Germany is the latest European country to seal off its borders in an effort to contain the coronavirus outbreak, as the number of deaths in Europe jumped overnight.

"What's happening right now (is) we're starting to price in the reduction in earnings for 2020 and the possibility now of a recession," said Anthony Scaramucci, founder and co-managing partner of Skybridge Capital.

Watch CNBC's special live coverage on the coronavirus.

New York City Mayor Bill de Blasio is holding a press conference to update the public on the coronavirus outbreak that has infected at least 300 people in the city.

Tedros didn't single out any one country, but state and local leaders in the U.S. have criticized the Trump administration and CDC for limiting who could get tested in the U.S.

The virus has now spread throughout the U.S., infecting more than 3,000 people and killing at least 69.

Stocks in Australia led loses among major markets in Asia Pacific on Monday, with the S&P/ASX 200 down 9.7% by the close. That was its largest daily drop, according to Reuters.