Coronavirus live updates: UK's Boris Johnson tests positive, Spain's death toll spikes

As of Friday, more than 542,700 cases of coronavirus have been reported, resulting in at least 24,361 deaths.

Britain will announce it intends to cover the costs of employer national insurance and pension contributions for businesses furloughing staff, a statement from Prime Minister Boris Johnson's office said. "The Chancellor will announce that the government will cover the costs of employer national insurance and pension contributions for businesses furloughing staff during the coronavirus outbreak," the statement said.

Data by statistics institute ISTAT showed that its composite business morale index — which captures the manufacturing, retail, construction and services sectors — sank to a reading of 81.7 this month from last month's 97.8. The March reading was the lowest since June 2013, Reuters reported.

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