Oil prices slipped more than 1% on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic cancelled out support from supply cuts at some of the world's top producers.
Shares in British bicycles and car parts retailer Halfords soared as much as 26% on Monday, boosted by the government's announcement that people should consider cycling to work as the coronavirus lockdown is eased.
Passengers on all flights of KLM, the Dutch subsidiary of Air France KLM, must wear face masks during travel starting on Monday, the airline said in a statement.
China's Wuhan city is considering steps to support its biggest local automaker Dongfeng Motor Corp, according to a draft policy document reviewed by Reuters, as the epicentre of China's novel coronavirus outbreak tries to revive its economy.
British Airways-owner IAG is not in a position where it has to ask for a specific bailout from the government to see it through the coronavirus pandemic, its chief executive said on Monday.
LafargeHolcim has decided to keep its $2.15 billion Philippines business after a deal to sell the operation collapsed, the world's biggest cement maker said on Monday.
Britain's aviation industry called on the government to find an alternative to quarantine plans for international arrivals, or risk seeing airlines and airports being dealt a fatal blow from the coronavirus pandemic.
British Airways owner IAG will have to review its plans to resume flying in July if Britain introduces quarantine measures for international arrivals, its chief executive said on Monday.
European shares climbed on Monday as investors clung to signs that more countries were restarting their economies and looked past reports of a pick-up in new coronavirus cases.
Stock markets gave up their early gains on Monday after reports of a pick-up in new coronavirus cases that threatens to slow or reverse the loosening of lockdown measures.
Oil prices fell on Monday as a new wave of coronavirus infections in some countries and concern over a persistent glut cancelled out support from supply cuts by the world's biggest producers.
Eighty-one percent of small U.S. companies surveyed by Veem, a global payments network, expect the new coronavirus pandemic to affect their business over the next 12-16 months, and nearly 90% are bracing for an economic slowdown, the company said Monday.
EU antitrust regulators will decide by June 17 whether to clear Fiat Chrysler and Peugeot maker PSA 's $50 billion merger, according to a European Commission filing on Monday.
British Airways owner IAG has exhausted every avenue to shore up its finances and is burning through cash, its CEO said on Monday, as the aviation industry warned of the fresh damage it would suffer if Britain quarantines international arrivals.
Marriott International Inc fell short of already drastically lowered expectations for quarterly profit on Monday, as bookings plunged due to coronavirus-led travel restrictions.