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German Economic Growth Eases in Third Quarter

Economic growth in European powerhouse Germany slowed slightly in the third quarter, preliminary data showed Friday, as it braved headwinds from China's economy and the Volkswagen pollution scandal.

Europe's largest economy expanded by 0.3 percent in the July-September period on a quarterly basis, the federal statistics office said. That compared to growth of 0.4 percent in the previous quarter.

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Oil Prices under Pressure in Asia

Oil prices remained under pressure in Asia Friday after a huge jump in U.S. crude inventories reinforced projections that a supply glut will persist well into next year.

U.S. benchmark West Texas Intermediate (WTI) for delivery in December was down 22 cents to $41.53 and Brent crude for December was trading two cents higher at $44.08 a barrel at around 0720 GMT.

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China Launches New 'Harder to Fake' 100 Yuan Note

China on Thursday put into circulation a new version of its 100-yuan banknote -- the highest denomination available in the world's second-largest economy -- with added golden touches that the government said was harder to forge.

The note, worth just under $16, retains its overall red colour, with Communist founder Mao Zedong on one side and Beijing's Great Hall of the People on the other.

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UK's Cameron Complains about Austerity Cuts which he Ordered

British Prime Minister David Cameron faced claims of hypocrisy Thursday after he wrote to his local council complaining about cuts to services prompted by his own government's austerity savings.

Cameron voiced disappointment that libraries, museums and day care centres for elderly people were being cut in Oxfordshire, the county west of London which includes his parliamentary seat of Witney.

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Russia's VTB Bank Will not Renew IAAF Sponsorship Deal

Russia's second-largest bank VTB said on Thursday it would not renew a sponsorship contract with athletics' world governing body but insisted the decision has nothing to do with the doping scandal engulfing the sport.

"It (the contract) has expired," VTB first deputy president Vasily Titov was quoted as saying by RIA Novosti state news agency. 

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Oil Prices Bounce Back in Asia but Demand Woes Linger

Oil prices rose in Asia Thursday, bouncing back from a sharp fall the day before but expectations of another build in U.S. crude inventories cast a shadow on the market.

Traders are waiting for the release later Thursday of data by the U.S. Energy Information Administration (EIA) showing the country's commercial stockpiles for an indication of demand in the world's top crude consumer.

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Greek Unions in First General Strike against Leftist Government

Greek unions on Thursday kicked off a general strike against fresh austerity cuts, the first under the leftist government of Prime Minister Alexis Tsipras.

The strike against tax hikes and an upcoming pensions overhaul has shut down public services, hit ship and train transport and forced the cancellation of dozens of domestic flights.

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Iran Says Will 'Probably' Buy Airbus Jets during France Trip

Iranian President Hassan Rouhani said that Iran will probably sign a deal to buy Airbus aircraft during his visit to France starting Monday.

"We already use Airbus or Boeing planes today," Rouhani said, according to a transcript of an interview with broadcaster France 2 and Europe 1 radio, made available to AFP on Wednesday ahead of its airing.

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China Splurges on World's Biggest Online Shopping Spree

Chinese Internet users spent billions of dollars in the planet's biggest online shopping splurge Wednesday, as "Singles Day" hit new heights, despite slowing growth in the world's second-largest economy.

The cumulative national bill for the day-long orgy of commerce dwarfed what Americans spent online over the five-day frenzy from Thanksgiving to Cyber Monday last year.

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Boeing Breaks Contract with 737 MAX Part Supplier

Boeing said Tuesday that it had canceled a contract with the Britain-based supplier of a part for its new 737 MAX airliner, but confirmed the first deliveries of the planes for 2017.

GKN PLC was responsible for supplying parts for the thrust reverser, the device that slows the airplane on landing, but Boeing will "change the design of the 737 MAX thrust reverser inner wall," spokesman Doug Adler told Agence France Presse.

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