CNBC World News

Italy on Monday adopted an emergency decree worth 25 billion euros ($28 billion) to support an already weak economy battered by the worst outbreak of coronavirus in Europe.

Gold has been swept up in the broad market sell-off to fall below $1,500 on Monday, down $200 from its peak early last week.

"The coronavirus outbreak has harmed communities and disrupted economic activity in many countries," the Fed said.

Actor Daniel Radcliffe says that he was told by his dresser on the set of the Harry Potter films, that "money should give you room to maneuver in your life."

John Gieve, former deputy governor at the Bank of England, said COVID-19 would be "something we've got to get used to over a period of years."

The Treasury secretary told CNBC's Jim Cramer there will be a surge in demand for stocks once the coronavirus threat abates.

The jump in unemployment was just one of several data points released Monday that showed how severely the coronavirus has hit growth in the world's second-largest economy.

Becky Wass created a postcard stating "Hello! If you are self-isolating, I can help," with space for people to fill out their contact details and whether they would like help with shopping, posting mail or simply a phone call.

The International Monetary Fund said it "stands ready" to use its $1 trillion lending capacity to help countries around the world.

European markets plunged on Monday as much of the region went into shutdown mode to prevent the spread of the new coronavirus.

Though Berlin is not the first European capital to impose border restrictions, the move marked a U-turn in Chancellor Angela Merkel's policy.

Demand for oil will likely be negative in 2020, adding further downward pressure to plummeting prices, according to BP CFO Brian Gilvary.

The French competition authority said Apple and two wholesalers agreed not to compete on prices and distribution, "thereby sterilizing the wholesale market for Apple products."

Nightclubs, movie theaters and small theater houses as well as concert venues have been ordered to close, Mayor Bill de Blasio said.

The U.K. government is facing growing calls to take more drastic measures to combat the coronavirus.

Consumer demand will take longer to recover both in China and globally, an economist said Monday.

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.

Susie Buffett sat next to someone who had just returned from a trip to Spain and subsequently rested positive for COVID-19, the Omaha World-Herald reported.

Grasping for elusive monetary nostrums will continue to deflect attention from the failure of trans-Atlantic public health policies to offer prevention against a pandemic, writes Michael Ivanovitch.

The U.S. Federal Reserve on Sunday announced a suite of measures aimed at cushioning the U.S. economy from the virus outbreak, including lowering benchmark interest rates to zero.