Business News - AFP

DUBAI (AFP) - Dubai's stock market closed 7.0 percent higher on Thursday, its biggest gain since the debt crisis exploded, and led by Emaar Properties after it called off a merger with state-owned entities. Full Story »

LONDON (AFP) - Britain and France urged world leaders Thursday to impose a tax on bankers' bonuses, a day after London announced a one-off levy on the much-criticised finance sector benefits. Full Story »

LONDON (AFP) - The dollar rose against the euro and yen on Thursday as concerns grew about Europe's mounting debt strains, dealers said. Full Story »

LONDON (AFP) - Europe's main stock markets advanced in morning deals on Thursday as investors tracked debt worries for Greece and London traders awaited Bank of England monetary policy decisions. Full Story »

PARIS (AFP) - French industrial output shrank for the second month running in October as the auto sector stalled, bringing an end to a summer rebound, official data showed on Thursday. Full Story »

BAGHDAD (AFP) - Major foreign oil firms will converge on Baghdad on Friday for an auction of 10 oilfields as Iraq bids to ramp up output dramatically and become one of the world's biggest crude producers. Full Story »

FRANKFURT (AFP) - German luxury car maker Daimler has told 37,000 workers that their jobs are safe until 2020 and that the group will create about 2,000 new ones. Full Story »

REYKJAVIK (AFP) - Iceland's central bank on Thursday cut its benchmark interest rate by one percentage point to 10 percent as the country's battered economy slowly recovers, it said. Full Story »

DUBAI (AFP) - Dubai's national flag carrier, Emirates, said on Thursday it has raised 1.13 billion dollars to finance the purchase of six Airbus A380 superjumbos, stressing it has no difficulty obtaining finance. Full Story »