Strategas' Chris Verrone on where the markets are headed from here. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Dan Nathan.

Britain observed a two-minute silence on Friday to commemorate the 75th anniversary of VE Day, marking the end of the second world war. Charles, the Prince of Wales, and the Duchess of Cornwall led the ceremony from Balmoral in Scotland. Political leaders also paid silent tribute at 11am along with the rest of the nation. Nazi commanders surrendered to allied forces in a French schoolhouse 75 years ago to the day.

• VE Day 2020: Britain pauses for two-minute silence as Red Arrows flypast marks 75th anniversary – live
  
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The legislative council descended into chaos for more than an hour on Friday as opposing lawmakers threw placards and scrambling over each other to take control of a house committee. Politicians rushed to take the seat left empty after the house was unable to elect a new chairperson. The incumbent, Starry Lee, reached the seat first as pro-Beijing and pro-democracy members crowded in

• Hong Kong parliament in chaos as politicians fight for chair

The Australian government has arranged four additional Qantas flights to Delhi, Mumbai and Chennai in the coming fortnight. This blog has now closed

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10.10am BST

To recap, this afternoon there were 6,929 Covid-19 cases in Australia, with the death toll at 97.

There had been 16 new cases in the last 24 hours, four of which were related to the Cedar Meats cluster in Victoria.

Related: Coronavirus Australia latest: at a glance

8.21am BST

There are just two people in South Australia considered to be active cases of Covid-19.

No further cases were recorded when the state health department released updated statistics on Saturday, with South Australia’s total tally remaining at 439.

We want people to get out and explore our fabulous regions. It is safe for regional travel in South Australia.

20m Americans lost their jobs in April; Donald Trump says virus will ‘go away without a vaccine’. This blog is now closed, follow our new blog below

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We are closing this blog now, but you can stay up to date with all the latest news on our new global live blog which you can find below.

Related: Coronavirus live news: global cases approach 4 million as US unemployment hits 14.7%

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New Zealand’s cabinet will meet on Monday to decide the future of the country’s tough but effective lockdown – though Kiwis have been told not to visit their mums this Mother’s Day.

Next week, Ardern’s government will plot a path back to something close to normality, meeting to decide a timetable for the removal of social and business restrictions. The prime minister has already released what level two restrictions will look like, including the re-opening of restaurants, hairdressers, gyms, cinemas and public facilities like museums and libraries.

Social restrictions could end immediately, with provisions for schools, business and personal movement more likely to be phased in.

Any decision will come too late for Kiwi mums to enjoy visits from sons and daughters not already in their household bubbles. Ardern has banned socialising outside of existing households, with few exceptions, and told Kiwis this week to “stick to the plan” ahead of Monday’s review.

Minibuses that run on Friday evenings and Saturdays buck state’s religious restrictions

Tel Aviv is one of Israel’s most dynamic cities, but the latest local craze could appear fairly humdrum to outsiders – a bus service that runs at weekends.

Packed 19-seat minibuses fill up fast with passengers, who excitedly gossip about the new routes. People patiently queue at bus stops, knowing they might have to wait for two or three buses to pass before there is a space. Still, they are upbeat. “It’s a pleasure,” said Ben Uzan, a 30-year-old electronic engineer. “It’s a blessed initiative.”

Amazon have arrived in force in rapidly expanding Hyderabad, with designs on the currently almost non-existent Indian e-commence market

The futuristic lobby of the new Amazon building in Hyderabad feels as though it should have a permanent orchestra blasting out Also Sprach Zarathustra. The scale is intended to awe. A large slogan on a wall suggests the company is “Delivering smiles”. The only sound that rises above the hush is a synthesised beep, coming from a giant screen playing a video of the campus at various stages of its construction.

Built on nine acres in this Indian city’s financial district, it is Amazon’s single largest building globally and the only Amazon-owned campus outside the US. It can house over 15,000 employees, but its size is its main architectural feature: it resembles the same cube of glass steel and chrome seen in corporate offices across Hyderabad, though a flash of magenta reflected in one of the top floor windows, from a billowing sari across the road, is a nice Indian touch.

Power struggle between Bashar al-Assad and first cousin sparks rare family fissure and leaves public aghast

A defiant tyrant and his ruthless wife square up against the family oligarch, with the spoils of a nation at stake. It could be standard Ramadan television fare, but not this year. Instead, all the intrigue of Syria’s ruling family has been laid out in a spectacular real-life drama that has gripped the country and the region.

Leading the cast is the Syrian leader, Bashar al-Assad, and Syria’s first lady, Asma al-Assad, but star billing has so far been taken by the president’s first cousin, Rami Makhlouf, who last week took to Facebook to do the unthinkable: air the normally inscrutable family’s dirty laundry.

Stringent measures to be announced with visitors and returning Britons to be asked to self-isolate

• Coronavirus – latest updates
• See all our coronavirus coverage

A 14-day quarantine period for all travellers coming to Britain would have a devastating impact on the UK aviation industry and wider economy, a trade body has said.

The government is expected to announce the quarantine on Sunday as part of measures to prevent a second peak of the coronavirus pandemic.

Two of Europe’s worst affected countries begin careful process of opening up societies again

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Spain and Italy, two of the European countries hardest hit by coronavirus, are beginning to emerge from lengthy and strict lockdowns as Russia and Afghanistan reported their biggest one-day rises in new infections.

In Spain, where 217,466 cases of Covid-19 and 25,264 deaths have been confirmed, adults were allowed back on to the street to exercise for the first time in seven weeks this weekend.

Epidemics of infectious diseases behave in different ways but the 1918 influenza pandemic that killed more than 50 million people is regarded as a key example of a pandemic that occurred in multiple waves, with the latter more severe than the first. It has been replicated – albeit more mildly – in subsequent flu pandemics.

Spain extends state of emergency; Danish agency warns of risk of second wave

• Coronavirus – latest updates
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New coronavirus infections in Iran have risen sharply since the country relaxed its restrictions on movement, while France has said it will reimpose strict lockdowns if cases surge when it begins to emerge from confinement next week.

Tehran on Wednesday reported 1,680 new infections, nearly double the figure four days ago and the highest daily figure since 11 April when it allowed a phased return to work amid fears of economic collapse. A ban on travel between cities and business at shopping malls has since also been lifted.

Latvia, Lithuania and Estonia will open their borders to each others’ citizens from 15 May, creating a Baltic “travel bubble” within the EU.

Hundreds of Indian police have tested positive for the coronavirus in recent days, raising alarm among an over-stretched force as it attempts to enforce the world’s largest lockdown.

At least 90,000 healthcare workers worldwide – and possibly twice that – are believed to have been infected with Covid-19, and more than 260 nurses have died, the International Council of Nurses (ICN) said.

Professor Salim Abdool Karim, the South African government’s chief adviser, said the country’s strict lockdown and proactive screening and testing programme had helped limit its death toll to 148.

France confirms lockdown-easing from Monday as WHO warns on domestic violence

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Another record rise in coronavirus infections has propelled Russia past Germany and France to the fifth highest tally in the world, as the French government confirmed the country would start gradually lifting its strict eight-week lockdown from Monday.

With much of Europe now easing itself out of confinement, Russia has become the continent’s new Covid-19 hotspot. More than half of the country’s 177,160 cases are in Moscow and the capital’s mayor, Sergei Sobyanin, said research suggested the actual number was nearer 300,000, more than triple the official figure.

Related: Covid-19 puts Putin's power plans on hold and economy in peril

Coronavirus cases in India have risen past 50,000, according to the country’s health ministry, with the pace of infection showing no sign of abating.

A new report suggested January’s Sundance film festival, the annual gathering of cinephiles in Park City, Utah, may have been a key early coronavirus hub in the US.

Iran said on Thursday its coronavirus outbreak was “relatively stable” as it announced more than 1,000 infections for a fourth straight day.

Poland has postponed Sunday’s presidential election. The postal-only ballot will now take place as soon as possible, but probably not before June.

Mayors in many of the world’s leading cities have said there can be no return to business as usual in the aftermath of the coronavirus crisis if humanity is to escape catastrophic climate breakdown.

Italy’s government and Roman Catholic bishops signed an agreement to allow the faithful to attend mass again from later this month.

The UK’s fund management industry is losing the war against index tracking

What’s gone wrong with Britain’s fund management industry? Over the past year share prices have soared globally, which usually translates into boom times for asset managers, whose income is based on a percentage cut from the total amount of money under management. Yet the UK’s industry is beset with scandals and sliding fortunes among some of the once most-revered names.

Jupiter is attempting to arrest its decline with a £370m takeover of Merian (once Old Mutual’s investment arm), creating a £65bn group that boss and serial deal maker Andrew Formica promises investors will be “highly earnings accretive”.

As businesses start to reopen, many are wondering if they can be legally responsible if someone gets sick. CNBC's Ylan Mui reports on liability protection efforts.

Norweigan Cruise is down 20 percent. Matt Maley of Miller Tabak, and Danielle Shay of Simpler Trading, discuss their forecast for the stock with Seema Mody.

Craig Johnson of Piper Sandler and Quint Tatro of Joule Financial discuss the financial sector with Seema Mody.

Dr. Scott Gottlieb, member of the boards of Pfizer and biotech company Illumina and former FDA commissioner, tells "Squawk Box" that a Covid-19 vaccine could be made available for use in "selected circumstances" before it receives official approval for wider distribution.

CNBC's "Halftime Report" team is joined by BMO's Brian Belski to discuss his investment strategies amid the coronavirus pandemic.

CNBC's Tyler Mathisen talks about the historic job losses in April with Labor Secretary Eugene Scalia.

CNBC's Kayla Tausche and Michelle Meyer, Bank of America, join 'Closing Bell' to discuss President Trump's comments that he is not in a hurry to expedite the fourth phase of the stimulus package.

As the novel coronavirus began to take hold on the United States, the Federal Reserve made a number of quick policy actions. The Fed slashed rates to nearly zero, announced a slew of asset purchases, and more, in an effort to stave of economic devastation as businesses shuttered and millions of Americans lost their jobs. Here's what the Federal Reserve has done to preserve a financial system rocked by a global pandemic.

• Dossena and Vialli settle one of the greatest games in Serie A history
• The Forgotten Story of ... Sampdoria’s only scudetto

9.35pm BST

Related: The forgotten story of … Sampdoria's only scudetto | Rob Smyth

9.34pm BST

This week’s roundup also features Monica Seles, the Windies and a bust-up between Souness and Dunphy

1) Gianfranco Zola at Chelsea. Zola at Napoli. And more of Zola in Serie A.

Gianfranco Zola making life difficult.

Our #OldSkoolSkillSkool feature on Chelsea TV is not to be missed... https://t.co/LSJmrcH0j2 pic.twitter.com/YbUgB1olE4

Investment is bound to suffer in the post-Covid weeks of return but the outlook is cautiously positive for the women’s game

Ominous warnings have been sounded by the international players’ union that women’s football faces an existential threat. When AFC Fylde disbanded their women’s team last week it was probably the tip of an iceberg – but how gloomy is the game’s future?

Although everyone agrees there will be casualties, opinion is split about the extent of any setback. Alan Naigeon offers his assessment from a position of authority as a managing partner of the agency A&V Sports, which represents players such as Chelsea’s Sam Kerr and Lyon’s Ballon d’Or winner Ada Hegerberg.

As football prepares to start or resume seasons we look at 17 countries to see how close they are to a return

Clubs and the football federation hope for an August restart with a July training phase to step up for a resumption of the A-League, which was postponed indefinitely on 24 March. Five rounds of games, plus the finals, remain. All games are likely to be played in Sydney without spectators, with Wellington Phoenix to be based in NSW for a two-week quarantine before playing. The National Rugby League has the green light to restart on 28 May, which may lead to fixture clashes at cross-code venues such as Kogarah and Bankwest Stadium.

One of the founders of the Northern Ireland Peace People and a joint Nobel laureate

The afternoon of 10 August 1976 in the Provisional IRA heartland of Andersonstown in west Belfast was hot and sunny. But, as ever, the ongoing conflict was being played out, this time with a British army patrol pursuing a suspect speeding car through streets busy with people shopping and walking.

At about 2pm, when the chase reached Finaghy Road North, soldiers opened fire on the speeding car, killing “Volunteer” Danny Lennon, the 23-year-old driver. His car immediately went out of control and veered on to the pavement outside a church. Before it careered to a halt against the railings, it had run down three children and their mother, Anne Maguire. Eight-year-old Joanne and her six-week-old brother, Andrew, died immediately while another brother, two-year-old John, died from his injuries the next day. Anne, after days in a coma, survived, but killed herself eight years later. Another son, Mark, aged seven, who was on his bicycle ahead of the family group escaped injury. A second person in the car fled the scene.

Co-founder of the pioneering German electronic band Kraftwerk

As one of the chief architects of the electronic music pioneers Kraftwerk, Florian Schneider, who has died of cancer aged 73, helped revolutionise popular music. Where guitars, bass and drums had long been considered its essential building blocks, Kraftwerk paved the way for synth-pop, techno, hip-hop and electronica, in the process proving that microchips and machines could have not only soul, but a sense of humour too. The list of artists whose work is indebted to Kraftwerk, even if they did not always know it, is endless, but includes David Bowie, Depeche Mode, Simple Minds, New Order, The Orb, Madonna, Neil Young, Jay-Z, Afrika Bambaataa, Coldplay and Daft Punk. In 1997 the New York Times described Kraftwerk as “the Beatles of electronic dance music”.

With Schneider and Ralf Hütter proving the main creative impetus, Kraftwerk (German for “power station”) reached their pivotal moment with the release of their fourth album, Autobahn (1974), whose 23-minute title track – a euphoric electronic ode to the joys of driving on Germany’s high-speed motorways, delivered with a light and whimsical touch – became emblematic of the group’s sound and approach. The album reached No 4 in Britain, while the single version of Autobahn reached the the UK Top 20 and the German Top 10. This revolution in synthetic music earned Kraftwerk a spot on BBC television’s science programme Tomorrow’s World in 1975. They subsequently scored a UK chart-topping single, The Model, released with Computer Love (1981), but Kraftwerk’s influence was much further-reaching than mere chart positions would suggest.

Specialist in the control of chemical and biological warfare who guided experts and policymakers from east and west

Julian Perry Robinson, who has died aged 78, combined academic research with behind-the-scenes advocacy to enhance controls on some of the most inhumane weapons in the world. His focus was on issues related to chemical and biological warfare (CBW) and the international efforts to eradicate the use or possession of such weapons.

In the late 1960s, with cold war differences between the major powers on the control of biological weapons, he examined the challenges of CBW in factual terms rather than the rhetoric of the time. A key concept Julian promoted – that all disease-causing organisms and the toxins they produce should be considered biological weapons, unless held for clearly peaceful purposes – became the core of the 1972 Biological Weapons Convention, the first treaty to ban a whole class of weapons of mass destruction. This concept, which became known as the “general purpose criterion”, has meant the convention has not been overtaken by scientific and technological developments.