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Dubai Airport CEO: Global Travel Still Up in Air over Virus

The CEO of the world's busiest airport for international travel wants to get the globe flying again, but even he acknowledges everything remains up in the air during the coronavirus pandemic.

Paul Griffiths oversees what now is a much quieter Dubai International Airport, home to the long-haul carrier Emirates and crucial to East-West travel. The millions that once poured through the airport's concourses are no longer flying as countries around the world enforce lockdowns and travel bans to fight the virus and the COVID-19 illness it causes.

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Nigeria Oil Industry Scrambles as Price Fall Slams Economy

The collapse in oil prices linked to the coronavirus crisis has seen Nigeria's revenues from crude dry up and left Africa's largest economy more threatened than ever by its dependence on black gold. 

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Oil Rises on Signs of Easing Supply Glut

Oil prices edged higher Thursday on signs that production cuts are easing a virus-triggered glut, but gains were capped after the head of the Federal Reserve warned about the pandemic's economic impact. 

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EU Calls for Phased Return of Tourism after Virus Restrictions

The EU on Wednesday set out plans for a phased restart of travel this summer, hoping to save millions of tourism jobs threatened by the coronavirus pandemic across Europe.

"Today's guidance can be the chance of a better season for the many Europeans whose livelihood depends on tourism and, of course, for those who would like to travel this summer," the EU commission's executive vice president Margrethe Vestager told reporters.

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Bitcoin Rises after Eagerly Awaited 'Halving'

Bitcoin rose Wednesday after undergoing an eagerly awaited adjustment that occurs every few years to limit the amount of the virtual currency on the market, building on a recent coronavirus-driven rally.

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UK Economy Shrinks 2% in First Quarter on Coronavirus

Britain's economy contracted two percent in the first three months of the year, rocked by fallout from the coronavirus pandemic, official data showed Wednesday.

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EU Looks to Save Summer Holiday

The EU will present recommendations on Wednesday to save the summer season in Europe’s reeling tourism sector, which has been pounded by the coronavirus crisis.

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New Virus Cases Threaten World's Moves Back to Work

Russia and India eased coronavirus restrictions on Tuesday, despite facing upsurges in infections and expert warnings that the world could face a second wave epidemic. 

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Saudi Aramco Q1 Profit Dives, Says Virus to Hit 2020 Results

Energy giant Saudi Aramco on Tuesday reported a 25 percent slump in first-quarter net profits due to low oil prices, and said the coronavirus crisis will dampen demand and earnings in the year ahead.

The world's largest listed firm said it posted a net profit of 62.5 billion riyals ($16.66 billion) in the first three months of the year, compared to $22.2 billion a year earlier.

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French Economic Activity Down 27% in April

French economic activity plunged 27 percent in April compared with its expected trajectory before the coronavirus pandemic, the Bank of France said Tuesday.

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