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Oil Extends Gains as Traders Weigh Virus Progress

Oil prices on Wednesday built on the previous day's surge, boosted by signs of easing in the coronavirus that is allowing some countries to begin opening their economies, though traders are keeping an eye on brewing China-US tensions.

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Aviation Industry Opposes Leaving Middle Seat Empty

The global aviation body said Tuesday that the risk of catching COVID-19 on a plane was low and there was no need to leave the middle seat empty once the industry takes off again.

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Oil Extends Gains as Virus-Hit Economies Ease Curbs

Oil extended gains in Asia Tuesday on signs of improving demand as coronavirus-hit major economies begin to ease strict curbs and as top producers slash output. 

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Top German Judges to Rule on Massive ECB Economic Support

Germany's top court will rule Tuesday on mass bond-buying by the European Central Bank, a tool the Frankfurt institution has deployed like never before to cushion the impact of the coronavirus.

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Air France Makes Masks Compulsory for Passengers

French flag-carrier Air France on Monday announced that masks would be compulsory on its flights from next week as France emerges from its lockdown to combat the coronavirus outbreak.

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Dubai Expo 2020 World's Fair Postponed to October 1, 2021

Dubai's Expo 2020 world's fair will be postponed to Oct. 1, 2021, over the new coronavirus pandemic, a Paris-based body behind the events said Monday.

The announcement by the Bureau International des Expositions came just hours after police in Kuwait dispersed what they described as a riot by stranded Egyptians unable to return home amid the coronavirus pandemic. The development was the first reported sign of unrest from the region's vast population of foreign workers who have lost their jobs over the crisis.

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Algeria Presidency Says State Budget to Be Slashed by Half

The Algerian government decided Sunday to reduce the state budget by half due to a financial crisis caused by the global collapse in oil prices and worldwide coronavirus lockdowns. 

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Oil Starts Week on Back Foot as Rally Loses Steam

Oil prices fell on Monday after strong gains last week, with continued concerns about oversupply and storage capacity due to a coronavirus-triggered demand shock overshadowing massive output cuts.

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Warren Buffett: 'American Magic' Will Spur U.S. Economic Recovery

Billionaire investor Warren Buffet said Saturday he's confident the US economy will bounce back from its pummeling by the coronavirus pandemic because "American magic has always prevailed."

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Saudi Stocks Dive after Finance Minister Vows 'Painful' Measures

Saudi shares slumped 6.8 percent as trading opened Sunday, a day after the finance minister announced "painful" measures to tackle the economic impacts of the coronavirus pandemic.

Almost all the listed stocks on the Arab world's largest bourse were in the red just minutes after the start of trading.

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