The real estate sector in Dubai has been sluggish for years, due to a chronic oversupply of homes coupled with weak economic growth, a problem now exacerbated by the coronavirus crisis.
Ross started working remotely as coronavirus began to spread in the United States. The former banker and private equity investor was working from his home in Florida in late March.
New York City has been cleared to enter the next phase of reopening on Monday, but indoor restaurants, bars, museums and malls will remain closed, Gov. Andrew Cuomo said Friday.
Amazon posted its fifth straight day of losses Friday, making it the worst week for the stock since February and snapping its longest weekly winning streak in history.
San Francisco Mayor London Breed announced Friday that the city will pause its reopening plan "indefinitely" and will close indoor malls and non-essential offices as the coronavirus continues to spread throughout the state.
Sweden did not go into lockdown, instead issuing recommendations about social distancing and working from home while allowing many schools and businesses to stay open.
Stocks closed Friday mostly along the flatline as traders concluded a volatile week while a steep decline in Netflix kept other big tech shares in check.
Inaction from world leaders will leave the coronavirus free to circle the globe and "undo decades of development, and it will create decades worth of tragic and exportable problems," U.N. Undersecretary-General for Humanitarian Affairs Mark Lowcock said Friday.
Rising coronavirus infections in large economies such as the U.S., Brazil and India have underlined the fragility of the economic rebound and increased the risk of a "W-shaped" recovery, according to economists at research firm IHS Markit.
The United States shattered its daily record for coronavirus infections on Thursday, reporting more than 77,000 new cases as the number of deaths in a 24-hour period rose by nearly 1,000, according to a Reuters tally.