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More than half a million holidaymakers were stranded around the globe on Monday following the collapse of Thomas Cook , the world's oldest travel firm.

Condor, the German airline subsidiary of collapsed travel company Thomas Cook said on Monday there were 240,000 people booked on its flights awaiting a return home.

British travel operator Thomas Cook , which ran hotels, resorts and airlines ferrying 19 million people a year to 16 different countries. It currently has 600,000 people abroad, forcing governments and insurance companies to coordinate a huge operation to bring them all home.

Up to 15,000 holidaymakers are stranded on the island of Cyprus after the collapse of British travel firm Thomas Cook, saddling hotels with millions in potential losses, the deputy minister of tourism said on Monday.

Thomas Cook's German holiday airline Condor has asked the German government for a bridging loan, the airline said on Monday, adding it would continue operating despite its parent company's collapse.

Global shares dipped on Monday as weaker than expected economic surveys added to investor worries over the unresolved U.S.-China trade dispute's effects on the world economy, while oil gained more than 1% as Middle East tensions remained elevated.

The head of Turkey's Hoteliers Federation said on Monday the collapse of British tourism agency Thomas Cook means Turkey could see 600,000-700,000 fewer tourists annually.

Thomas Cook said there were around 140,000 people currently traveling with its German subsidiaries, with a further 21,000 booked to depart on Monday and Tuesday.

Thomas Cook owes Tunisian hotels 60 million euros ($66 million)for stays in July and August, Tourism Minister Rene Trabelsi told Reuters on Monday, adding that 4,500 Thomas Cook customers are still in the country.

Germany's Ceconomy , Europe’s biggest consumer electronics group, is in talks to resolve a long-running dispute with a major shareholder of subsidiary Media Saturn, people close to the matter said on Monday.

Vivendi has kept its stake in Mediaset after a deadline to sell it expired at the weekend and is preparing to step up its legal action against the Italian broadcaster's overhaul plan, two sources close to the matter said.

About 50,000 tourists are stranded in Greece and mainly on island resorts after British travel firm Thomas Cook collapsed, the tourism minister said on Monday as extra flights were booked to ease their return home.

Germany's state of Hesse, where collapsed travel group Thomas Cook's German airline Condor is located, said it is ready to help the airline's application for a federal government bridging loan.

Oil fell below $64 a barrel on Monday, reversing an earlier gain, after a source said Saudi Arabia would fully restore oil output lost after attacks on its facilities faster than some traders expected.

The Sept. 14 attack on Saudi oil facilities have not helped diplomatic efforts to organize talks between U.S. President Donald Trump and his Iranian counterpart Hassan Rouhani, French President Emmanuel Macron told Le Monde newspaper.