Oil falls 5% as economic outlook dims with rising virus cases
Oil prices plunged about 5% on Monday, weakening as rising coronavirus cases stoked worries about global demand, and a potential return of Libyan production bolstered oversupply fears.
Oil prices plunged about 5% on Monday, weakening as rising coronavirus cases stoked worries about global demand, and a potential return of Libyan production bolstered oversupply fears.
Iliad's move to buy Polish mobile group Play in a $4.2 billion deal got a cool reception from investors on Monday as the French company already faces heavy investments in France and Italy.
A sudden jump in France's daily death toll from COVID-19 stems from previously unreported cases in one hospital near Paris, according to statements by health authorities.
France's foreign ministry on Friday said there was no evidence to suggest the armed wing of Lebanon's Hezbollah was storing chemicals to make explosives in France after a senior U.S. official said the group had set up caches in Europe since 2012.
Britain, France and Germany told the U.N. Security Council on Friday that U.N. sanctions relief for Iran - agreed under a 2015 nuclear deal - would continue beyond Sept. 20, when the United States asserts that all the measures should be reimposed.
France reported 13,215 new confirmed coronavirus cases over the past 24 hours, a new record since the start of the epidemic, while the daily death toll jumped to a four-month high.
France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany & Co, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved.
France is preparing to put plans for new environmental taxes on the airline sector on hold, officials said on Friday, despite a government push to speed up moves towards a greener economy.
France registered a record 10,593 new confirmed coronavirus in the past 24 hours, health ministry data showed on Thursday, the country's highest single-day count since the pandemic began.
France will provide funding for an initiative led by the World Health Organization to buy potential COVID-19 vaccines, but will not source shots through the programme, an official at the French health ministry said on Thursday.
The United States on Monday slapped new sanctions on Iran's defense ministry and others involved in its nuclear and weapons program to support the U.S. assertion that all U.N. sanctions against Tehran are now restored, which key European allies as well as Russia and China reject.