U.S. stocks opened the week like they closed last week: on a high note, amid news the U.S. Food and Drug Administration (FDA) had authorized the use of a COVID-19 treatment.

The Cypriot government has hit back at claims in a media investigation that its controversial pathway for wealthy investors to acquire passports has been exploited by criminals.

Qatar-based broadcaster Al-Jazeera reported that dozens of those who applied for so-called "golden passports" are under criminal investigation, international sanctions or serving prison sentences. 

European stock markets jumped at the start of trading Monday following gains in Asia, with London's benchmark FTSE 100 index adding 1.2 percent to 6,076.39 points.

The case against former Nissan executive Carlos Ghosn may have taken another turn as Japanese media report allegations that the automaker declared as expenses 1.15 billion yen ($10.8 million) in his taxable personal income.

Japan's National Tax Agency said Thursday it was aware of the reports but declined comment on an individual case.

The United Arab Emirates and Israel are gearing up to open their doors for business after the surprise announcement they will normalize relations.

Italy will present its proposals for confronting the economic fallout from the coronavirus pandemic to the EU in mid-October, Prime Minister Giuseppe Conte said in an interview published on Wednesday.

Dubai again has loosened laws governing alcohol sales and possession of liquor as the sheikhdom tries to claw its way out of an economic depression worsened by the coronavirus pandemic.

The outbreak of the virus exacerbated the already-gathering economic storm engulfing the emirate, which has seen mass layoffs thin the ranks of its foreign workforce and empty homes even amid slight signs of recovery. Even now, experts warn the sheikhdom's crucial real-estate market is on track to hit record lows seen in the 2009 Great Recession.

The European Union urged Turkey on Sunday to "immediately" stop exploring for gas in a disputed area of the eastern Mediterranean, as tensions rise with other countries in the region.

Negotiators from the United States and China will on Saturday discuss the "phase one" trade deal signed earlier this year -- before the coronavirus slammed the world economy and relations between the two economic powers took a turn for the worse.

Britain's economy shrank by a fifth in the second quarter, higher than any European neighbour, as the coronavirus pandemic slammed businesses and plunged the country into a record recession.