The Pink Legacy, an exceptionally large pink diamond, is set to go under the hammer at Christie's in Geneva next week, when it is expected to bring in up to $50 million.

At nearly 19 carats, the vividly colored gem is extraordinary, Jean-Marc Lunel, an international jewelry specialist at Christie's, told AFP.

Oil prices and stock markets slumped Friday, with Brent North Sea crude tumbling under $70, while the dollar strengthened as the Federal Reserve flagged more U.S. interest rate hikes.

The Brent benchmark struck a seven-month low on surging U.S. energy stockpiles before a weekend meeting of major oil producing nations.

Thai businessman Chatchaval Jiaravanon agreed Friday to buy Fortune magazine for $150 million in the latest deal for titles from the former Time Inc. family.

Oil prices and stock markets slumped Friday, with Brent North Sea crude tumbling under $70, while the dollar strengthened as the Federal Reserve flagged more US interest rate hikes.

Italy will not leave the eurozone, populist Deputy Prime Minister Luigi Di Maio said on Friday, despite a standoff with Brussels over Rome's big-spending budget.

Britain's economy accelerated in the third quarter as higher exports and household spending offset slumping business investment, data showed Friday as the country hopes to imminently seal a Brexit deal.

A North Korean worker with a Dutch company operating at a Polish shipyard has filed a lawsuit alleging inhumane and slavelike conditions, his lawyer said Thursday.

A French court on Thursday ruled that celebrity U.S. artist Jeff Koons copied an idea from an advertisement used by a French clothing chain, fining him along with the museum which exhibited the contested work.

Franck Davidovici, a French advertising executive, had sued Koons for plagiarism over Koons' "Fait d'Hiver" from 1988, which shows a pig standing over a woman lying on her back, her arms sprawled behind her head.

A contested high-speed train line between Italy and France has become a key battleground for a divided populist government in Rome, with part of the coalition demanding the project be scrapped.

Business leaders are expected to lead a rally on Saturday urging Rome to forge ahead with the 8.6-billion euro ($9.8-billion) tunnel through the Alps for the line linking Turin to Lyon, which has already been partially dug.

South Korea has earmarked more than $260 million to build new railways and roads in the North, an official said Thursday, as Seoul pushes ahead with cross-border projects despite international sanctions on Pyongyang.

The figure comes as Seoul and Washington follow increasingly divergent approaches to Pyongyang, with the South pursuing engagement while the U.S. insists pressure on it should be maintained until it denuclearizes.