Italy gave the green light Wednesday to providing a state guarantee for a 6.3-billion-euro ($7.1 billion) loan to Fiat Chrysler as the automaker struggles with the impact of the coronavirus.

Equities were mixed Wednesday in Asia after a healthy run-up the day before as traders weigh positive data suggesting economies are recovering against signs of a second wave of infections and the reintroduction of some lockdowns.

German business confidence in June recovered more ground lost to the coronavirus, a closely-watched survey showed Wednesday, even as local outbreaks led to shutdowns in some parts of the country.

Global trade is expected to drop around 18.5 percent year-on-year in the second quarter of 2020 in a huge coronavirus-driven plunge which nonetheless could have been much worse, the WTO said Tuesday.

In normal times, tourists must rise at dawn to secure a free sunbed on the beach in Antalya, a popular holiday resort in southern Turkey.

Germany has turned the corner on the worst of an economic crisis sparked by the coronavirus pandemic and is now on the path to recovery, the central bank chief of Europe's biggest economy said Sunday.

China banned imports from a top U.S. poultry producer and ordered a Beijing Pepsi factory to close Sunday as authorities clamped down on food production and distribution amid a new coronavirus cluster in the capital.

Dutch Prime Minister Mark Rutte raised doubts Friday that EU leaders would reach a deal at a summit in July on a huge 750-billion-euro ($840-billion) post-coronavirus recovery plan.

British Prime Minister Boris Johnson on Friday said English schools would receive £1 billion ($1.2 billion) in funding to help pupils catch up after missing months of classes due to the coronavirus.

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.