The French economy officially fell into recession after contracting 5.8 percent in the first quarter, the national statistics office said Thursday, underscoring the massive toll of the country's nationwide shutdown to curb the coronavirus outbreak.

Chinese factory activity continued to expand in April, data showed Thursday, but analysts warned that the outlook remained clouded by battered overseas demand as the rest of the world struggles to overcome the coronavirus pandemic.

US oil prices surged above $17 a barrel Thursday as virus-ravaged markets were lifted by data showing improving demand and a smaller-than-expected rise in stockpiles in the world's top economy.

Like thousands of Saudi women, Rouaa al-Mousa entered the workforce as reforms sweep the ultra-conservative kingdom and is certain that neither grumbling male bosses nor the coronavirus will change that.

German output will suffer a record slump this year over the coronavirus crisis, the government warned Wednesday, pushing Europe's top economy into a painful recession.

LAU has received a considerable donation from Antoun Nabil Sehnaoui, chairman of the Board of Directors of the Société Générale de Banque au Liban (SGBL), toward the LAU Medical Center-Rizk Hospital’s fight against the COVID-19 pandemic, LAU said in a statement released Wednesday.

Commending the university’s endeavors, Sehnaoui remarked that its most recent initiatives, since the COVID-19 outbreak, underscored its “commitment in equal measure to help the community and to raise the bar in higher education in Lebanon and the Middle East.”

Boeing announced sweeping cost-cutting measures Wednesday after reporting a first-quarter loss of $641 million following the hit to the airline business from the coronavirus pandemic.

U.S. oil prices rebounded above $14 a barrel Wednesday, a day after a sell-off sparked by a major fund selling its short-term holdings of the commodity amid virus-triggered storage concerns.

European countries are working to find a balance in how far to ease coronavirus lockdowns, with Germany enforcing mandatory masks in all shops from Wednesday, as the crushing global economic cost of the pandemic becomes clearer.

US oil nosedived below $11 a barrel Tuesday after a major exchange-traded fund started selling its short-term contracts of the commodity, and storage concerns mounted as the coronavirus strangles demand.