New York and British authorities on Monday slapped nearly $630 million in fines on German banking giant Deutsche Bank over alleged money laundering in Russia, New York State's Department of Financial Services announced.

Turkey tourism revenues fell almost 30 percent in 2016, the country's statistics office said Tuesday, after visitors stayed away following multiple terror attacks and a failed coup.

In 2016 income from tourism fell by 29.7 percent compared to the previous year, falling to $22.1 billion (19.7 billion euros), the Turkish Statistics Institute (TUIK) said on its website.

India's government acknowledged Tuesday that its controversial decision to withdraw high-value bank notes from circulation has had an "adverse impact" on the economy as it lowered its growth forecast.

In an annual survey published on the eve of the budget, the government said "the adverse impact of demonetisation on GDP (gross domestic product) growth will be transitional" while Finance Minister Arun Jaitley said it would have significant implications for GDP.

Anglo-Dutch energy giant Royal Dutch Shell has agreed to sell a chunk of its North Sea assets to oil explorer Chrysaor for up to $3.8 billion (3.6 billion euros), it said Tuesday.

Dubai said on Monday it will award this year 47 construction contracts worth $3 billion in preparation for the World Expo 2020 international trade fair.

Spain's economy grew 3.2 percent last year, official figures showed Monday, as the country continues to power ahead following a damaging crisis marked by sky-high unemployment and rising inequalities.

The GDP growth figure, the same as that of 2015, is one of the best among European countries.

US President Donald Trump's border clampdown has stirred Starbucks and Airbnb to help those affected by the temporary immigration ban -- pledging to hire more refugees and provide accommodation.

Trump's measures suspend the arrival of all refugees for at least 120 days, Syrian refugees indefinitely and bars citizens from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen for three months, affecting many companies' plans.

India's government is expected to ramp up spending in its latest budget this week, seeking to ease the pain from a ban on high-value banknotes that slammed the brakes on the world's fastest-growing major economy.

It was a step that seemed unimaginable a year ago: the Russian authorities stepping in to stop the country's currency from getting too strong.

President Donald Trump's plans to upend U.S. trade policy with import tariffs and new negotiations, slash taxes, and spend on infrastructure makes the Federal Reserve's work more challenging this week.

Since his election in November, Trump's pronouncements have left U.S. central bankers guessing and citing the "considerable uncertainty" for monetary policy until they turn into specific policies.