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The European Union has responded to the coronavirus, seen by German Chancellor Angela Merkel as the biggest challenge since World War Two, with a wide range of measures to limit the spread of the disease and the resulting economic damage.

United Nations Secretary-General Antonio Guterres warned on Thursday that a global recession "is a near certainty" and current national responses to the the coronavirus pandemic "will not address the global scale and complexity of the crisis."

In calm markets "quadruple witching" usually passes unnoticed, but some market players are hoping this Friday's concurrent quarterly expiration of U.S. options and futures contracts could shake some sense back into stocks.

Walt Disney Co said on Thursday the spread of the coronavirus could lead to consumer behavior changes, further disrupting its business.

European and U.S. stocks climbed on Thursday, recovering from earlier losses, in a sign of tentatively more stable markets, as central banks across the world moved to stem a coronavirus-induced financial rout in moves that boosted bonds and provide more access to the dollar.

Norway on Thursday banned people from going to their country cabins to prevent the spread of coronavirus and lessen the burden on local public services.

Italian carmakers Ferrari and Fiat Chrysler are in talks with the nation's biggest ventilator manufacturer to help it boost production of the life-saving machines which are urgently needed in the coronavirus crisis, company officials said on Thursday.

The Dutch minister in charge of the government's fight against the coronavirus outbreak resigned on Thursday, a day after collapsing during a parliamentary debate.

The U.S. Department of Energy said on Thursday it will buy up to 30 million barrels of crude oil for the Strategic Petroleum Reserve by the end of June as a first step in fulfilling President Donald Trump's directive to fill the emergency stockpile to help domestic crude producers.

Tesla Inc has told employees it lowered the number of workers at its California vehicle factory to comply with government guidelines to curb the spread of coronavirus, as Chief Executive Elon Musk said the company may start producing ventilators to help ease a U.S. shortage.

Greece has so far confirmed 464 coronavirus cases and registered six deaths, a health ministry official said on Thursday.

The cancellation of major sporting events and the decimation of the luxury, entertainment and travel industries is delivering a hammer blow to a global advertising industry that was already reeling from years of tech-led turmoil.

Wall Street pushed into positive territory on Thursday as policymakers pulled out all the stops to try and stave off a deep and lasting coronavirus-driven recession and its damaging fallout on corporate America.

Seen as a quintessentially safe bet for many Americans, the $3.8 trillion money-market fund industry is under severe duress for a second time in the past decade as investors weigh the risk of a global economic shutdown.

Cambodia reported 10 new cases of coronavirus on Thursday, raising its tally to 47.

Some banks in Britain are struggling to provide financial support to homeowners and businesses battered by the coronavirus pandemic, with demand surging after the government announced a series of aid measures including an emergency lending scheme.

The Federal Reserve is "aggressively" tackling problems with market functioning and liquidity as it sees them arise, with programs like the Term Auction Facility for banks not deemed necessary yet but still "on the table," Richmond Federal Reserve president Thomas Barkin said in an interview.

The U.S. Federal Reserve opened the taps on Thursday for central banks in nine additional countries to access dollars in hopes of preventing the coronavirus epidemic from causing a global economic rout.

The U.S. Federal Reserve on Thursday opened the taps for central banks in nine new countries to access dollars in hopes of preventing the coronavirus epidemic from causing a global economic rout.

The world's wealthiest nations poured unprecedented aid into the traumatized global economy on Thursday as coronavirus cases ballooned in the current epicentre Europe even as they waned at the pandemic's point of origin, China.