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Analysts: Expect More Sluggish Growth in Eurozone

New growth figures on Friday should show the eurozone economy continuing only a modest recovery as key problems remain, among them near-record unemployment and the threat of deflation.

Recent data has been very mixed, especially after a much weaker-than-expected third quarter, sparking concerns the bloc risked falling back into recession.

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La première carte de crédit pour le secteur de l'assurance au Levant lancée par AXA Middle-East et VISA

AXA Middle-East et Visa ont signé un protocole d’accord pour la mise en place de la première carte de crédit assurance au Levant, une carte qui facilite les transactions et services à la clientèle.

Ceci a été le fruit de plusieurs mois d'études sur le terrain et une période d’essai d’un an afin de s'assurer de la faisabilité de ce service.

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Japan Speeds Up Stimulus as Tax Hike Looms

Japan said Friday it is moving to speed up the impact of a $50 billion stimulus package aimed at countering any slowdown from a looming sales tax hike.

The rare move -- which sets out a timeline for spending a big chunk of the special budget -- comes days before the release of fourth-quarter growth figures.

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China Plans to Build World's Longest Underwater Tunnel

China plans to build the world's longest underwater tunnel, an expert involved in the project told Agence France Presse Friday, a $36 billion shortcut between two northern port cities in an earthquake-prone region.

The scheme will see cars loaded onto railway carriages before travelling at 220 kilometers per hour (136 miles per hour) along the 123-kilometer tunnel connecting Dalian in Liaoning province and Yantai in Shandong province.

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Report: China $160 mln Investment Vehicle Misses Payments

A $160 million investment vehicle sold by China's second-largest bank has missed four scheduled payments, state media reported, as fears grow that potential financial sector defaults could roil markets in the world's second-biggest economy.

The "Songhuajiang River No.77" product, which raised a total of 972.7 million yuan ($160 million) in six tranches, had failed to repay investors' capital and interest four times by early February, the 21st Century Business Herald reported late Thursday.

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Turkey Reports Leap in Account Deficit Amid Lira Strains

Turkey, hit recently by a currency crisis, reported on Thursday that its current account deficit -- a key weak spot -- took a sharp turn for the worse in 2013.

The deficit showed an increase of $16.507 billion compared to the outcome at the same time last year, soaring to $65 billion (47 billion euros), central bank figures showed.

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China's Lenovo Aims for Third in Global Smartphone Market

The chairman of Chinese computer giant Lenovo pledged Thursday to make the company the world's third-biggest smartphone seller following an acquisition binge as the firm announced a 30 percent profit surge.

Lenovo, already the world's largest personal computer vendor, snapped up US telecom firm Motorola Mobility for $2.91 billion and IBM's low-end server business for $2.3 billion within days of each other last month.

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German Inflation Eases in January

The rate of inflation in Germany, Europe's biggest economy, inched lower in January, final official data showed on Thursday.

The cost of living rose by 1.3 percent on a 12-month basis this month, compared with 1.4 percent in December, the federal statistics office Destatis said in a statement.

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U.S. Senate Vote Avoids Devastating Debt Default

The U.S. avoided a devastating debt default as the Senate passed legislation to allow the government to borrow money to pay its bills — a major win for President Barack Obama after years of fiscal battles with Republicans.

The relatively smooth passage Wednesday comes as most members of Congress face elections in November. Republicans have been less confrontational after a 16-day partial government shutdown last year sent their poll numbers sliding and chastened the party's conservative tea party faction.

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IMF Sees Deep Weaknesses in Iran Economy after Sanctions

The International Monetary Fund said Wednesday that Iran's economy faces deep structural weaknesses as intensified nuclear sanctions have added to other domestic challenges to the government.

But it also said that prospects for the country to return to growth over the coming year have improved with the interim agreement in nuclear talks with global powers -- though those prospects "remain highly uncertain".

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