Oil struck fresh five-year low points this week on the back of the strong dollar, oversupply fears and major producer Saudi Arabia slashing its export prices.

The market had already dived last week after the Organization of Petroleum Exporting Countries (OPEC) left its output ceiling unchanged, despite a global supply glut.

Malaysia Airlines said its shares will be suspended from the country's stock exchange on December 15 under a government plan to rescue the beleaguered carrier after two devastating aviation tragedies this year.

The national flag carrier, whose loss of both flight MH370 and MH17 compounded years of hefty financial bleeding, said the stock's final day of trading would be December 12, followed three days later by the full suspension.

Qatar's improved "final offer" to buy London's landmark Canary Wharf office quarter has been rejected, its owner said Friday, seemingly putting an end to a deal.

Songbird, a property firm which controls 69 percent of Canary Wharf Group, said the offer worth £2.6 billion ($4.1 billion, 3.3 billion euros) undervalued Songbird and its growth prospects.

German industrial orders, a key measure of demand for German-made goods both at home and abroad, rose strongly in October, suggesting Germany's period of economic weakness could be over, data showed Friday.

Industrial orders rose by 2.5 percent in October compared with the previous month, the economy ministry said in a statement.

U.S. microprocessor maker Intel plans to invest $1.6 billion over the next 15 years to upgrade an existing facility in China's western city of Chengdu, the company said in a statement provided to Agence France Presse on Thursday.

It it the company's latest move in China, after it said in September it would invest $1.5 billion in two Chinese cell phone component firms by acquiring a 20 percent stake in the holding company that owns Spreadtrum Communications and RDA Microelectronics.

Russian President Vladimir Putin urged the central bank and government on Thursday to take 'tough action' to stop speculation on the ruble after the currency hit new all-time lows this week.

"I ask the Bank of Russia and the government to carry out tough coordinated actions to discourage the so-called speculators from trading on the fluctuations of the Russian currency," he said during his annual state of the nation speech in Moscow.

The British government on Wednesday slapped a new tax rate on multinational companies that seek to avoid paying their fair share to Treasury coffers.

The levy -- nicknamed the 'Google (Xetra: A0B7FY - news) tax' because of the high number of technology firms seeking to avoid tax -- will come into force in April, finance minister George Osborne said in a budget update.

Microsoft shareholders gave a lukewarm vote of approval Wednesday for CEO Satya Nadella's $84 million pay package, after an investor advisory group said the company was paying him too much.

Nadella's pay package puts him among the highest paid CEOs in the country for last year, although his pay as a first-year CEO falls short of the $378 million that Apple awarded to Tim Cook when he became CEO in 2011. Oracle CEO Larry Ellison was awarded stock options and other pay valued at $67.3 million last year. Former Microsoft CEO Steve Ballmer was paid only $1.3 million in 2013, but he held shares worth nearly $16 billion.

Kuwait on Wednesday accused oil-producing countries that had urged OPEC to cut its output, in a bid to curb sliding prices, of doing the opposite by pumping more crude.

Oil Minister Ali al-Omair defended the oil cartel's decision last week to maintain production levels, insisting that member states want to keep their market share.

The Palestinian Authority lost at least $310 million in customs and sales tax in 2011 as a result of importing from or through Israel, the UN said Wednesday, urging a radical change to the system.

The lost revenue, worth 250 million euros, was equivalent to 3.6 percent of gross domestic product and 18 percent of the tax revenue of the authority, the U.N. Conference on Trade and Development (UNCTAD) said.