
The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said on Friday.

Brazil’s governors pressed President Jair Bolsonaro on Thursday for more federal support in the coronavirus battle after he blasted them as job-killers and undermined their orders with a decree keeping churches open at evangelical preachers’ request.

A new analysis from the International Trade Union Confederation, ITUC, of government responses from 69 countries to the COVID-19 pandemic has identified 12 governments that are putting people first as they tackle the economic fallout from lockdown measures to stem the spread of the virus.

British Prime Minister Boris Johnson has tested positive for coronavirus and is self-isolating at his Downing Street residence but said he would still lead the government's response to the accelerating outbreak.

S&P downgraded Mexico’s credit rating on Thursday as the coronavirus pandemic and a hit to state oil firm Pemex from plunging crude prices battered the growth outlook and piled pressure on the government to lift the struggling economy.

The European Union marked the 25th anniversary of its open-border Schengen agreement on Thursday with all its land borders shut or subject to heavy checks imposed in an effort to curb the spread of the coronavirus.

Chinese President Xi Jinping told US President Donald Trump during a phone call on Friday that he hopes the United States will take substantive action to improve bilateral ties, China's foreign ministry said.

Britain has placed an emergency order of 10,000 ventilators designed at breakneck speed by bag-less vacuum cleaner company Dyson, the first fruits of an industry-wide call to arms to prepare for the looming peak of the coronavirus outbreak.

A British charity has teamed up with scientists to see whether dogs could help detect COVID-19 through their keen sense of smell, they said on Friday. Medical Detection Dogs will work with the London School of Hygiene and Tropical Medicine (LSHTM) and Durham University in northeast England to determine whether canines could help diagnoses.

Norway's sovereign wealth fund, the world's largest, has lost 1.33 trillion Norwegian crowns (US$124 billion) so far this year as stock markets have plunged due to the coronavirus pandemic, it said on Thursday.