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. 

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.

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.

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.

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. 

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.

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."

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.

Algerian President Abdelmadjid Tebboune has declared his country will not approach the IMF for loans, despite a financial crisis triggered by a collapse in global oil prices and coronavirus lockdowns.

London stocks sank Friday in early morning deals, extending the previous day's heavy selloff on poor global economic data, while Frankfurt and Paris were shut for public holidays.