Sony shares fell nearly 5.0 percent in morning trade Friday after the struggling Japanese firm's new chief outlined an "urgent" strategy to turn it around, including slashing 10,000 jobs.

The firm slumped 4.77 percent to 1,455 yen by the break as the broader market soared on news that a North Korean rocket launch, which had sent jitters across the region, failed.

Australia's Qantas launched Friday the nation's first commercial flight using a mixture of refined cooking oil, saying it would not survive if it relied solely on traditional jet fuel.

The Airbus A330 left Sydney for Adelaide using a 50-50 blend derived from recycled cooking oil and regular jet fuel in what the airline hopes will be the first step towards a sustainable aviation fuel industry in Australia.

ABC, the leading retailer in Lebanon, announced on Thursday the results of its 2011 initiative raising more than 40 Million Lebanese pounds to The Lebanese Child Home Association (AFEL) to support Lebanese homeless children.

The announcement was made in the NGO's headquarters in Nabaa and was attended by ABC, “Save the Children” and AFEL senior officials.

Faced with mounting losses, Sony Corp. said Thursday it will slash 10,000 jobs, or about 6 percent of its global workforce, and turn around its money-losing TV business over the next two years.

New CEO and President Kazuo Hirai outlined his business strategy at a press conference where he pledged to revive the electronics and entertainment company. Sony earlier this week more than doubled its annual net loss projection for the fiscal year through this past March to 520 billion yen, or $6.4 billion. That would be its fourth straight year of red ink and worst loss ever.

France Telecom subsidiary Orange is to spend 1.5 billion euros ($1.98 billion) for full control of its Egyptian subsidiary MobiNil/ECMS, it said on Thursday.

The move is in line with an agreement with its local partner Orascom which was announced in February, the statement said.

Oil prices turned higher in Asian trade Thursday, lifted by a stronger euro and a rebound in regional stocks after a three-day sell-off on renewed fears over Eurozone debt, analysts said.

The European Central Bank (ECB) indicated it could step in if needed, soothing fresh market worries and lifting equities, while a stronger euro boosted demand for dollar-priced commodities such as oil.

Luxury automaker BMW AG says its worldwide sales rose to a new record for the first quarter, fueled by rising deliveries in China and the United States.

The company said Wednesday that January-March deliveries by the BMW Group — which also includes the Mini and Rolls-Royce brands — were 11.2 percent higher than a year earlier at 425,528 vehicles.

Prime Minister Vladimir Putin said on Wednesday Russia has beaten the economic crisis and called on political forces to unite as he prepares to return to the Kremlin next month.

Putin said in a keynote speech to the State Duma lower house of parliament that the 2008-2009 economic crisis was so serious it could have endangered Russia's sovereignty but added that the country had now fully recovered.

Las Vegas Sands Corp. opened its fourth casino in the booming Asian gaming capital of Macau on Wednesday, transforming a "swamp" earmarked for a fireworks factory into a $5 billion resort.

The Sands Cotai Central features three hotels, high-end retail stores, ballrooms, convention halls and of course casinos in what amounts to a double-down bet on the spending power of China's burgeoning middle class.

Oil prices edged higher in Asian trade Wednesday after heavy losses in New York but sentiment was dampened by renewed jitters over European debt and weak economic data from China, analysts said.

New York's main contract, West Texas Intermediate crude for delivery in May was up 29 cents to $101.31 per barrel while Brent North Sea crude for May gained 30 cents to $120.18 in the afternoon.