Low-cost Saudi carrier flynas on Monday signed an $8.6 billion deal with European plane manufacturer Airbus to purchase 80 A320neo single-aisle jets.

Flynas chairman Ayed al-Jeaid said at the signing ceremony in Riyadh that the deal includes an option for 40 more of the short to medium-haul planes in what airline executives said is a growing domestic market.

South Korean prosecutors on Monday sought the arrest of the heir to the Samsung empire over a scandal that has seen the country's president impeached, in the latest setback for the giant conglomerate.

Samsung, the world's largest smartphone maker, is already reeling from the international debacle over its Galaxy Note 7, which was recalled after some devices caught fire.  

Turkey's unemployment rate in October was the highest since 2010, the statistical authorities said Monday, the latest in a slew of bleak indicators for the economy.

Donald Trump has been crowing as companies including Ford renounce plans to move factories to Mexico. But the main beneficiaries of this shift back to the U.S. aren't saying much by way of celebration -- industrial robots don't tend to speak.

Spain's King Felipe VI is to meet Sunday with Saudi King Salman, local media said, during an official visit coinciding with talks to sell Spanish warships.

Canada must "phase out" Alberta's oil sands and end the country's dependence on hydrocarbons, Prime Minister Justin Trudeau said on Friday.

"We can't shut down the oil sands tomorrow. We need to phase them out," he said. "We need to manage the transition off our dependence on fossil fuels."

Ratings agency Moody's has agreed to pay nearly $864 million in a settlement with the US authorities over its inflated ratings of risky mortgage securities that contributed to prompting the 2008 global financial crisis, the Justice Department said Friday.

The United States is set to issue a commemorative $100 gold coin that depicts Lady Liberty -- a national symbol generally portrayed as a white woman -- as an African American for the first time.

Indian low-cost airline SpiceJet said Friday it would buy up to 205 Boeing planes worth $22 billion as it seeks to increase its share of the world's fastest-growing passenger aviation market.

The European Central Bank should begin winding down its expansive monetary policy in 2017 as inflation returns in the eurozone, German Finance Minister Wolfgang Schaeuble said in an interview Friday.

"It would probably be right if the ECB starts daring to head for the exit this year," Schaeuble told the Sueddeutsche Zeitung newspaper -- although he acknowledged it would be a "difficult task".