CNBC World News

Prime Minister Giuseppe Conte signed a decree after midnight that imposes restrictions to the movement of people in the region of Lombardy and in at least 15 provinces, home to more than 16 million people.

Betty Crocker responds to an eight year-old boy who realized its cake instructions were aimed at women, while Absolut's campaign highlights sexual consent.

Gov. Andrew Cuomo declared a state of emergency on Saturday as the number of confirmed coronavirus cases in New York increased to 89.

The new rules include telling people not to enter or leave Lombardy, which is home to some 10 million people, as well as 11 provinces in four of Italy's 19 other regions, according to a draft decree seen by Reuters.

The hotel collapsed at about 7:30 p.m. (1130 GMT) and 34 people were rescued in the following two hours, the Quanzhou municipality said on its website.

The market remains volatile as investors assess the effects of the coronavirus outbreak on economic growth.

Bank of America said to "avoid panic selling," since stocks' best days usually follow the worst.

The leader of Italy's co-ruling Democratic Party Nicola Zingaretti said Saturday he had tested positive for coronavirus.

The number of cases across the globe grew to at least 102,188, while deaths rose to 3,491 as of Saturday.

Lebanon's top leadership opposes repaying the country's sovereign debt, the presidency said on Saturday, indicating the the heavily indebted state is heading towards a default.

Saudi Arabia has detained three senior Saudi princes, including the younger brother of King Salman and the king's nephew, for allegedly planning a coup, sources say.

Teargas and smoke bombs were fired across Turkey's border with Greece on Saturday in a fresh flare up in tensions over the presence of migrants seeking access to European Union territory.

The gloomy trade report is likely to reinforce fears that China's economic growth halved in the first quarter to the weakest since 1990.

The social media giant said it will begin to enforce the temporary ban on these type of ads "over the next few days."

Dimon, 63, was in touch with the bank's senior leaders a day after the emergency procedure to repair an acute aortic dissection, the person said.

SXSW was canceled after a string of high-profile cancellations including Twitter, Facebook and TikTok.

As of Friday afternoon, more than 101,587 cases of coronavirus have been reported, resulting in at least 3,460 deaths.

Tesla CEO Elon Musk tweeted Friday that people are overreacting about the deadly COVID-19, while health officials across the world prepare for a possible pandemic.

The steep plunge in interest rates this week is reflecting fear about the future and also is planting seeds for a recovery once the coronavirus scare subsides.

"The message to all investors is that they should expect this volatility to continue. This should be considered the new normal going forward," said one strategist.