The head of Air France-KLM Pierre-Henri Gourgeon resigned Monday at an extraordinary board of directors meeting, a company statement said.

He will be replaced by as CEO by Jean-Cyril Spinetta who was already serving as the chairman of the board of directors and played a key role in setting up the Air-France KLM group.

Oil prices ended lower Monday after the Group of 20 meeting in Paris on the weekend failed to solidify market confidence in the global growth picture and Europe's financial soundness.

New York's main contract, light sweet crude for delivery in November, fell 42 cents from Friday's close to finish at $86.38 a barrel.

More than 200 protesters awoke in the heart of London's financial district on Monday for a third day of demonstrations against corporate greed and state spending cutbacks.

After a second night camped on the pavement near St Paul's Cathedral, they huddled with cups of tea in the cold autumn sunshine as bankers, lawyers and business people flooded into the area for the start of the working week.

When its gasoline pumps started going dry in the United Arab Emirates' poorer northern states earlier this year, Dubai's oil company blamed mysterious service upgrades.

Few believed that at the time, and now the company is dropping its subtlety, triggering an uncharacteristically public spat over fuel pricing policies.

Germany's finance minister says private holders of Greek government bonds must accept bigger losses to achieve "a durable and sustainable solution" for Europe's debt crisis.

Wolfgang Schaeuble told German public broadcaster ARD on Sunday that an agreement struck in July when banks and other investors agreed to renounce on 20 percent of their Greek debt must be renegotiated.

German automaker BMW wants a stake in SGL Carbon, already one of its strategic partners and the leading carbon-based product maker, the weekly Der Spiegel reported Sunday.

"We have a fundamental interest in SGL Carbon," a senior BMW executive told the magazine.

Iraqi Deputy Prime Minister Hussein al-Shahristani on Sunday called on a visiting Indian delegation to make much-needed investments in Iraq's energy, industry and housing sectors.

"Shahristani discussed the means for Indian investment and developing the industrial and oil sectors in Iraq with an Indian delegation," according to a statement from his office.

Clashes erupted in New York and Rome and protesters camped out Sunday in worldwide demonstrations seen as a show of force by a rising global movement against corporate greed and government cutbacks.

There were rallies in 951 cities in 80 countries around the globe on Saturday in an extension of a campaign born on May 15 with a rally in Madrid's central Puerta del Sol square by a group calling itself "Indignados" ("Indignants").

Europe sought Saturday to convince its G20 partners that it can resolve a debt crisis that is threatening to drag the world economy back into recession as finance chiefs held key talks in Paris.

While finance ministers from the world's top economies huddled over measures to keep world growth from stalling, protesters began taking to the streets for worldwide protests to vent anger at alleged corporate greed and government cutbacks.

A U.S. federal court on Friday sentenced a New York-based man to 25 years in prison after he admitted stealing more than $195 million from thousands of investors in a $400 million Ponzi scheme.

Nicholas Cosmo -- who ran two New York investment companies, Agape World Inc. and Agape Merchant Advance -- was ordered by U.S. District Court Judge Denis Hurley to pay $179 million in restitution to his victims.