The U.S. House of Representatives on Friday approved a 2.2-trillion-U.S.-dollar aid package – the largest in American history – to help individuals and companies cope with an economic downturn caused by the coronavirus outbreak and provide hospitals with urgently needed medical supplies. The massive bill, also passed by the Republican-controlled Senate late on Wednesday, was signed into law on Friday by U.S. President Donald Trump.

The number of U.S. coronavirus infections climbed above 100,000 on Friday, the most in the world. There have been over 1,500 confirmed deaths from the virus in the U.S.

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

"It is clear that we have entered a recession" that will be worse than that after the 2008 global financial crisis, she said in an online press briefing. The warning came as the IMF and the World Bank released a joint statement calling for global governments to put debt repayments on hold, to help developing nations. 

Lastly, UK Prime Minister Boris Johnson has tested positive for coronavirus and is self-isolating after developing mild symptoms. He confirmed the test result on Twitter, saying he will continue to lead the government's response to the virus. So far, over 14,743 cases have been confirmed in the UK, with 759 deaths.