The central bank of the United Arab Emirates (UAE) has said it will provide banks with extra liquidity. The news comes days after the state-owned Dubai World said it would ask for an extension on repaying its debts, sending world stock markets tumbling.

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Japan’s exports fell at their slowest annual rate in a year in October, providing further evidence of the country’s emergence from recession. Exports from the world’s second largest economy totalled 5.3tn yen ($60bn; $36bn), a fall of 23.2% from the same month a year earlier.

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A card payment service commonly used by customers to avoid high transaction charges when booking flights is being phased out by two major providers. Customers who pay by Visa Electron are not charged transaction fees by airlines such as Ryanair, Aer Lingus, BMIbaby, Easyjet and Flybe.

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Jaguar Land Rover had seen its sales rise 23% in the second quarter after its new models were well-received. Owner Tata Motors said new products such as the upgraded Range Rover, Range Rover Sport and Discovery 4 had had successful launches.

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Budget flights using the world’s largest aircraft are planned, which will carry 840 people on each flight. Air Austral, based on the French island of Reunion in the Indian Ocean, has ordered two economy-only versions of Airbus’s giant A380 airplane.

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LyondellBasell Industries said Saturday Reliance Industries offered to acquire a controlling interest in the beleaguered chemical company, which is under Chapter 11 bankruptcy protection. LyondellBasell declined to disclose the value of the cash offer. India-based Reliance did not immediately respond to requests for

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Car manufacturer BMW has become the 24th sponsor for the 2012 London Olympic Games. It means a fleet of 4,000 vehicles including the Mini and BMW bicycles and motorcycles will be used by athletes, officials, and staff during the Games.

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The world’s biggest mobile operator, China Mobile, has said its business has returned to levels seen before the global downturn. The firm saw a drop in its international business, but overall trading is now back to normal levels, chairman Wang Jianzhou told reporters. He

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German luxury car maker BMW has reported a sharp fall in third-quarter profits, blaming a fall in consumers spending. Net profit sank 73.8% to 78m euros ($115m). However, the car maker said it hoped to make a full-year profit after recent signs of recovery.

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UK house prices rose by another 1.2% in October, according to the Halifax, which the bank says is the fourth monthly increase in a row. The Halifax said that the average price of a house was £165,528, which is still 4.7% lower than October last year. Since the spring

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