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French Trader who Bet the House on Oil Shock and Won

French trader and specialist oil hedge fund manager Pierre Andurand saw it coming from early February.

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Despite Risks, Greek Islands Keen to Reopen to Tourists

Mykonos' newest bar-restaurant, Pelican, seemed to appear from nowhere.

Tables, coffee machines, light fittings, music mixers and staff wearing matching black face masks were still being slotted into place as Greek visitors trickled in at the start of a long holiday weekend. Owner Vasilis Theodorou says he's in a hurry to get back to business.

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U.S. Sees 1.54 Million New Jobless Claims as Virus Layoffs Go On

Despite moves to reopen businesses, another 1.54 million U.S. workers filed for unemployment benefits last week, the Labor Department said Thursday, bringing the total since mid-March to 44.2 million.

Massive numbers of workers filing weekly jobless claims has become routine since the beginning of shutdowns to stop the coronavirus from spreading but the wave has passed its peak and has been declining steadily, while some have returned to work.

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Face Masks, Health Checks and Long Check-Ins: The Future of Flying

Cabin crew in protective suits, health certifications for passengers, mandatory face masks, and longer check-in times.

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World Economy to Contract at Least 6% in 2020, Says OECD

The global economy will contract at least six percent this year, with the unprecedented loss of income and "extraordinary uncertainty" caused by measures to contain the coronavirus outbreak, the OECD said Wednesday.

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2 Accused in Ghosn's Escape Scheme Fight Extradition

A former Green Beret and his son accused of smuggling ex-Nissan Motor Co. Chairman Carlos Ghosn out of Japan in a box are fighting their extradition to the country, arguing the offense is not a crime there.

Michael and Peter Taylor are wanted in Japan on allegations that they helped Ghosn flee the country in December while he was out on bail and awaiting trial on financial misconduct allegations.

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Euro Top Currency for 'Green' Bonds, Says ECB

Almost half of so-called "green bonds" issued last year were in euros, the European Central Bank said Tuesday, highlighting an opportunity for the single currency to gain importance on the global stage.

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Pandemic Drives Broadest Economic Collapse in 150 Years, Says World Bank

The coronavirus pandemic inflicted a "swift and massive shock" that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said Monday.

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France Pledges 15 bn Euros to Support Aviation Sector

The French government will provide 15 billion euros ($16.9 billion) to support  the country's aviation industry, which has been hammered by the travel restrictions imposed to blunt the coronavirus pandemic, Finance Minister Bruno Le Maire said Tuesday.

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Asian Markets Mixed as Profit-Taking Offsets Lockdown Easing

Asian equities were mixed Tuesday as long-running optimism over the reopening of economies was offset by profit-taking following a week-long rally across markets.

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