Japanese Prime Minister Shinzo Abe will look to seal a deal on building India's first bullet train after he arrived in New Delhi Friday for talks with counterpart and conservative soulmate Narendra Modi.

New Delhi and Tokyo are seeking to take advantage of a warm relationship between the two premiers that has only deepened, partly to counter China's growing rise, since Modi came to power last year.

Oil tumbled to fresh multi-year lows in Asia Friday after OPEC said output had surged, exacerbating concerns over a supply glut that is expected to persist beyond next year.

The Organization of the Petroleum Exporting Countries reported its collective production rose by 230,100 barrels a day in November to 31.7 million, the highest in three and a half years and beyond its 30 million ceiling target.

An upscale Russian store chain apologized on Thursday for selling chopping boards with an image of U.S. President Barack Obama as a monkey, after the U.S. embassy reacted furiously.

The product features a family of monkeys, with an image of Obama's face superimposed onto that of the smallest primate.

Hundreds of thousands of dollars worth of gold has been exported from Israel to North Korea despite a U.N. ban, an Israeli parliamentary committee said Thursday.

The Knesset's economics committee said it would tighten restrictions on trade with the authoritarian state after learning that $400,000 of gold was exported after a 2006 U.N. ban.

The aviation industry is set to post a second consecutive year of net profits in 2015, nearly doubling them to $33 billion (30.1 billion) thanks to low fuel prices, its trade association said Thursday.

"Our outlook for this year has improved to a 33 billion U.S. dollars net profit," said Tony Tyler, head of the International Air Transport Association.

Spanish global clothing giant Inditex, owner of the Zara brand, posted Thursday a 20-percent surge in nine-month net profits thanks to higher sales as the economy in its home market Spain improves.

The group said in a statement that net profit rose to 2.0 billion euros ($2.2 billion) between February and October.

Chedid Re, a multi-awarded leading regional Reinsurance broker announced the opening of a new office in Casablanca Finance City, as part of an expansion strategy enhancing the company’s presence in North and West Africa.

The CEO of CFCA, Saïd Ibrahimi was pleased to welcome a first reinsurance broker within CFC's ecosystem. "The presence of Chedid Re among other international partners strengthens the role of CFC as an economic and financial platform and a Pan-African reinsurance hub » he said.

Turkey's economy grew 4.0 percent in the third quarter of 2015 from the same period last year, statistics showed on Thursday, beating expectations and showing the economy in better shape than previously assumed.

The figures mean that the economy grew 3.4 percent in the first nine months of 2015, compared with an overall growth rate of 2.9 percent in 2014, the statistics office said in a statement.

Energy giant Royal Dutch Shell on Thursday refused to rule out closing its New Zealand operations after more than a century as it announced a review of its operations in the country.

The news comes as energy giants around the world scale back operations and investments in the face of a plunge in commodities prices that has sent a chill through stock markets.

Share prices of Samsung Electronics and some of its key affiliates rose Thursday after the company unveiled a plan to develop components for self-driving cars, entering a market eyed by rivals including Apple.

The new automotive component team will "focus on building its competencies in infotainment and autonomous driving vehicles", the South Korean electronics giant said in its annual business reorganization plan announced Wednesday.