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Venezuelan Oil Production Sinks to Lowest Output in 77 Years

Crisis-wracked Venezuela's relentless fall in oil production sunk to a new low in May, according to OPEC figures, a milestone in a decade of decline for the once proud petroleum powerhouse.

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Race to Ready Dubai's Mega Expo despite One-Year Delay

Armies of workers in protective masks are racing to complete the mammoth Dubai Expo 2020 site despite the coronavirus that has sickened some employees, forced a one-year postponement, and created a logistical headache.

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UK Inflation Hits Four-Year Low on Virus Lockdown

Britain's annual inflation rate slid to 0.5 percent in May, the lowest level in four years, as the country's coronavirus lockdown dampens prices, official data showed Wednesday.

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Equities Rise as Recovery Hopes overcome Second Wave Fears

Asian stocks rose Wednesday after a cautious day as investors weighed fresh signs the world economy is in recovery against fears of a second virus wave, geopolitical tensions and profit-taking.

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UN: Virus Crisis Torpedoes Foreign Investment

Global foreign direct investment flows are likely to plunge by 40 percent this year due to the coronavirus crisis, the UN said Tuesday, with worse expected in 2021.

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Relief for Paris Restaurants as Virus Lockdown Ends

Paris cafe and restaurant owners cheered Monday as the government finally allowed them to reopen their dining rooms after losing three months of revenue during the coronavirus lockdown.

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Stock Markets Slip on Fears of Second Virus Wave

Equities tumbled Monday, extending last week's losses on fears of a second wave of virus infections around the world that could put the brakes on the easing of lockdowns and a budding economic recovery.

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China's Industrial Output Continues Slow Recovery from Virus Hit

China's factory output rose again in May, while official data Monday also showed retail sales improved further after collapsing at the start of the year but officials warned the country faced a rocky recovery as it emerges from the coronavirus crisis.

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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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