Egypt's economy had just started to recover after years of political turmoil and militant attacks when the coronavirus crisis hit, impacting especially its vital tourism sector.  

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.

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.

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."