Coronavirus live updates: Italy under lockdown as WHO says threat of pandemic ‘very real’

UK and US had worst days trading since 2008 GFC; Global cases near 110,000; Grand Princess passengers disembark. Follow the latest news.

In Australia, according to new survey data from National Australia Bank, Australian business conditions index fell two points to zero in February, following a decline in profitability and trading conditions while confidence slumped three points, well into negative territory at -4. About half of firms in the survey have reported no impact from the coronavirus so far, which NAB said was “surprisingly small” and expected to get worse.

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