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Wall Street's worst week since 2008, sparked by fears about the fast-spreading coronavirus, has left almost half of the S&P 500's stocks in bear market territory, just nine days after the leading benchmark closed at a record high.
The rapid spread of the coronavirus increased fears of a pandemic on Friday, with six countries reporting their first cases and the World Health Organization (WHO) raising its global spread and impact risk alert to "very high".
Prime Minister Boris Johnson said slowing the spread of the coronavirus was now his government's top priority, shortly after news on Friday that the first Briton had died of the disease after contracting it on a cruise ship moored in Japan.
The coronavirus spread further on Friday, with cases reported for the first time in six countries across three continents, battering markets and leading the World Health Organization (WHO) to raise its impact risk alert to "very high."
An Italian man who has been confirmed as Nigeria's first coronavirus case after arriving from Milan was in the country for almost two full days, traveling through Lagos and visiting another state before being isolated.
The United States will invoke special powers to boost production of masks, gloves, gowns and other items to combat the coronavirus, Health and Human Services Secretary Alex Azar said on Friday, as the Trump administration came under criticism from Democrats for its response to the crisis.
Wall Street's main indexes tumbled for the seventh straight day and were on track for their biggest weekly dip since the 2008 global financial crisis on worries the fast-spreading coronavirus could lead to a recession.
Danish rider Michael Morkov faced a long and anxious wait alone in a Berlin hotel room to learn if he can compete in the world track championships, after he was caught up on Friday in fallout from a coronavirus scare in the Gulf.
A German government crisis committee on Friday enacted new measures to combat the coronavirus outbreak that include the widening of cross-border travel guidelines and the cancellation of major international events.
Top U.S. regulatory officials are expected to discuss the market and economic implications of a potential coronavirus pandemic at an upcoming meeting of their systemic threat panel, three sources told Reuters.
Refugees in Turkey headed toward European frontiers on Friday after an official said the borders had been thrown open, a response to the escalating war in Syria where 33 Turkish soldiers were killed by Russian-backed Syrian government troops.
One Turkish soldier was killed and two were wounded in shelling by Syrian government forces in Syria's northwest Idlib province, the Turkish Defense Ministry said on Friday, a day after 33 Turkish soldiers were killed in an attack in the region.
U.S. consumer spending slowed in January and could lose further momentum as the fast-spreading coronavirus outbreak, which has sparked a stock market sell-off and revived fears of a recession, causes households to tighten their purse strings.
Amazon.com deferred all non-essential travel, within the U.S. and beyond, and Google set new restrictions for travel to South Korea and other places, as corporations moved to protect employees from the spread of coronavirus.
The United States is looking to help Ankara urgently to support it against Syrian government forces in Syria's Idlib province with the sharing of information and equipment, a senior State Department official said on Friday.