Canada's natural resources minister said Tuesday a report that says the U.S. will become the world's largest oil producer by the end of the decade should serve as a wake-up call that illustrates the pressing need for Canada to diversify its energy exports.

The International Energy Agency reported this week the U.S. will become the world's largest oil producer by around 2020 as new exploration technologies help find more resources. The energy watchdog also predicted that greater oil and natural gas production, as well as more efficient use of energy, will allow the U.S. to become largely energy self-sufficient by 2035.

The euro is falling against the dollar after finance ministers delayed $40 billion in aid for Greece.

The ministers will meet again on Nov. 20 to make a decision about releasing the much needed aid to Greece.

A government-commissioned report says the British economy received a multi-billion-pound (dollar) boost from construction projects for the London Olympics.

The report says the economy was lifted by 7.3 billion pounds ($11.6 billion) from the construction of venues and infrastructure for the games. The construction budget was 6.5 billion pounds ($10.3 billion).

flydubai, Dubai’s innovative low-cost airline, has announced flights to Malé, the capital of the Republic of Maldives (the Maldives).

Commencing on January 19, 2013, flights will operate five times a week between Dubai’s Terminal 2 and the Maldives’ Ibrahim Nasir International Airport on the island of Malé. Bringing flydubai’s presence in the Indian Subcontinent to nine points across six countries, the new route will allow travelers from across the region to enjoy affordable fares to one of the world’s most renowned leisure destinations.

European finance ministers focus Tuesday on how to boost the slumping economy and the bloc's hotly contested budget after their eurozone peers reported progress on solving Greece's bailout problems.

The gathering of all 27 EU ministers comes in the run-up to what is likely to be a fractious November 22-23 European summit on the 2014-20 budget, with many insisting there can be no increase in EU spending when austerity is the order of the day.

The yen rose against the euro and dollar as investors sought out its safety and dealing a blow to Japan's exporters, while the European unit also hit a two-month low against the greenback.

Chinese shares were down in afternoon trade, as property shares tumbled on concerns over government intentions to maintain policies to control housing prices, dealers said.

The IMF's number-two official, David Lipton, warned Monday that policymakers should temper austerity measures aimed at reducing debt if they are damaging economic growth.

Lipton, the IMF first deputy managing director, said at a London conference that despite progress since the 2008-2009 global financial meltdown, "this crisis is proving very hard to end."

Spain's top daily newspaper El Pais began delivering redundancy notices on Monday to nearly one-third of its staff including some of the paper's best-known writers.

Last month El Pais, part of heavily indebted Spanish media group Prisa, announced there would be 129 layoffs and 20 early retirements, bringing the total number of job cuts to 149 out of about 460 staff.

Spain's banks announced Monday they will freeze mortgage-related evictions for two years in cases of extreme need as a public outcry mounted over suicides by desperate homeowners.

The lenders reacted after two suicides in 15 days by indebted homeowners facing expulsion in Spain, where both banks and borrowers were hammered by a 2008 property crash.

The United States is to become the world's top oil producer around 2020, the International Energy Agency said on Monday, overtaking Saudi Arabia until the middle of that decade.

"The recent rebound in U.S. oil and gas production ... is spurring economic activity ... and steadily changing the role of North America in global energy trade," the agency said in its annual outlook on the energy markets of tomorrow.