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Defence and security ties between India and the US have been on an upswing in the last six years. The bilateral defence trade touched USD 18 billion mark in 2019, reflecting growing defence cooperation between the two sides. In June 2016, the US had designated India a "Major Defence Partner," intending to elevate defence trade and technology.

To say this will not have political implications in a fiercely polarised election year battle in the US will be myopic in the extreme, particularly since Indian-Americans form an influential voting bloc, as do Pakistani-Americans. Therefore, no Democrat politician looking for re-election can afford to ignore events in India, which might sway voters.

China's economy will take a big hit in the first quarter due to widespread work stoppages caused by the fast-spreading coronavirus, but should recover rapidly unless the outbreak worsens again, a Chinese official told Reuters on Friday.

The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could push the economy into recession, although stocks regained some ground right at the end of a volatile session.

Coronavirus panic sent world stock markets tumbling again on Friday, with an index of global stocks setting its largest weekly fall since the 2008 global financial crisis, and over $5 trillion wiped from global market value this week.

American consumers awoke this week to the coronavirus threat and are beginning to display a symptom of the illness seen in Asia and Europe - hoarding.

Goldman Sachs Group Inc's asset management unit has added to positions in travel stocks, including hotels and cruise lines, as well as Live Nation Entertainment Inc and Japanese cosmetics company Shiseido Co Ltd, executives said Friday.

The council has regularly scheduled meetings of principles and deputies to ensure agencies tasked with oversight of different markets remain in touch

For the week, Brent lost almost 14 per cent, its biggest weekly percentage decline since January 2016, while WTI fell over 16% in its biggest weekly percentage drop since December 2008

The motorcycle maker has named Jochen Zeitz as the interim CEO

The Dow Jones Industrial Average fell 356.88 points, or 1.39 per cent, to 25,409.76, the S&P 500 lost 24.7 points, or 0.83 per cent, to 2,954.06

That brings the total number of confirmed cases in mainland China so far to 78,824

The trade fair, which was due to start Monday, will return next year, Palexpo SA, which runs the Geneva convention center, said Friday in a video briefing to exhibitors

Cratering markets are pushing global central banks to the point they all warned against and worried about, of an evolving global economic shock hitting at a time when their capacity to respond in force is in doubt even as investors hound them for action.

With the rapid global spread of the new coronavirus and the U.S. stock market suffering its worst week since the Great Recession, central bankers around the world are under rising pressure to reduce borrowing costs to create a cushion against economic harm. So far they have largely resisted. Following are some of their recent remarks:

Under German law, plaintiffs have a month to decide whether to accept the settlement offer after its approval by judges

Oil prices slumped for a sixth day in a row on Friday to their lowest in more than a year, causing futures to drop by the most in a week since 2016, as the spread of coronavirus stoked fears that a slowing global economy would hit energy demand.

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.

Pessimism about the performance of stock prices over the next six months jumped in the latest American Association of Individual Investors (AAII) Sentiment Survey, but may not have hit levels needed to lend some optimism for a longer-term rebound.

The talc litigation may eventually cost the company as much as $10 billion, according to Bloomberg Intelligence