Australia and Taiwan joined governments offering financial aid to airlines as coronavirus and stricter travel controls forced carriers to deepen cuts to capacity and staffing.
Coronavirus fears led to a historic drop in US stocks, shut borders and disrupted daily life around the world, as governments took increasingly drastic measures to try to reduce the severity of the global outbreak.
France and Spain joined Italy in imposing lockdowns on tens of millions of people, Australia ordered self-isolation of arriving foreigners and other countries extended entry bans as the world sought to contain the spreading coronavirus.
Canadian Prime Minister Justin Trudeau's wife, Australia's minister for home affairs, Tom Hanks and Rita Wilson are among cases of the coronavirus that has infected almost 135,000 people and killed more than 4,900 worldwide.
Travelers scrambled to rebook flights and markets reeled on Thursday after US President Donald Trump imposed sweeping restrictions on travel from Europe, hitting battered airlines and heightening global alarm over the coronavirus.
Italy earmarked $28.3 billion to soften the economic impact of the world's second-biggest coronavirus outbreak on Wednesday as the Bank of England slashed interest rates just hours before announcing a budget designed to stave off recession.
Italy faced an unprecedented lockdown on Tuesday that left streets in the capital Rome and other cities deserted after the government extended a clampdown across the entire country in a bid to slow Europe's worst outbreak of the coronavirus.
Global stocks plunged on Monday and prices for crude oil tumbled as much as 33% after Saudi Arabia launched a price war with Russia, sending investors already worried by the coronavirus fleeing for the safety of bonds and the yen.
Business districts around the world began to empty and stock markets tumbled on Friday as the number of coronavirus infections surpassed 100,000 and the economic damage wrought by the outbreak intensified.
The death toll around the world continues to rise from coronavirus with 11 deaths now confirmed in the US as new cases emerged around New York City and Los Angeles, while Seattle-area health officials discouraged social gatherings amid the nation's largest outbreak.