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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