German defense technology group Krauss-Maffei-Wegmann is about to lose a contract worth at least 5.0 billion euros from Saudi Arabia, the daily Handelsblatt reported on Friday.

The Saudis are losing patience over Berlin's foot-dragging on a deal, worth $6.5 billion, to deliver 270 Leopard combat tanks, which is the subject of fierce controversy in Germany, the newspaper said.

Myanmar has introduced a new law to overhaul its central bank, the presidential office said Friday, in the latest reform aimed at burnishing the country's economic credentials.

Details of the new legislation have not yet been published but officials say the central bank will have more autonomy and will no longer operate as part of the finance ministry.

China's airlines and airports continue to have the worst flight delays in the world, according to a travel industry monitor.

A survey of flight times last month showed that Beijing's airport had the lowest proportion of flights leaving on time among 35 leading airports at just 18.3 percent, FlightStat Inc. reported on its website.

Striking workers blocked highways and staged mainly peaceful marches across Brazil Thursday in a day of industrial action called by unions to demand better work conditions and tougher measures to contain rising inflation.

The "National Day of Struggle" was called by the country's top five labor federations during last month's nationwide street protests for better public services and an end to endemic corruption.

Brazilian workers on Thursday blocked roads and staged protest rallies across the country in a day of industrial action called by major unions to press demands for better work conditions.

The "National Day of Struggles" was called by the country's five leading labor federations during last month's mass street protests to demand better public services and an end to endemic corruption.

Emerging economies will be the main force in the global oil market next year, driving demand to a record high level, International Energy Agency (IEA) data showed on Thursday.

Raising its demand forecast this year because of unseasonally cold weather, the IEA also signalled that in 2014 emerging economies will drive demand to a record 92.0 million barrels per day.

Japan's central bank on Thursday left its vast monetary easing programme unchanged and boosted its assessment of the economy, using the word "recover" for the first time in more than two years.

The Bank of Japan, which unveiled a gigantic bond-buying scheme in April, said the outlook for the world's number three economy was looking up, as brighter corporate and consumer spirits encouraged spending.

Online education service Coursera on Wednesday announced a fresh round of funding from the investment arm of the World Bank and other backers.

The Silicon Valley-based startup said that it took in $43 million from a group of investors that included the World Bank's International Finance Corporation and Russian venture capitalist Yuri Milner.

Behind the scenes, a team of international experts have for months been working on a plan to boost the stagnant Palestinian economy, set to be launched if peace talks with the Israelis resume.

U.S. Secretary of State John Kerry unveiled the broad contours of the scheme to attract some $4 billion in private-sector investment over the next three years at a World Economic Forum in Jordan in late May.

The Turkish central bank sold $200 million dollars on Wednesday, market sources said, in a renewed fight to hold up the value of the lira.

The central bank has been selling dollars since Monday when it announced urgent and "strong" action to defend the currency and contain overheated bank lending.