Netflix’s top communications officer has left the content streaming company after making “insensitive” remarks.

Wall Street finished higher at the end of a rough week, with a leap in oil prices lifting energy stocks and helping the Dow Jones Industrial Average end a lengthy losing streak.

US crude surfed to its biggest one-day gain since November 2016 on Friday, after major global producers reached a compromise agreement to lift oil production by up to 1m barrels a day.

CarMax shares shifted into high gear on Friday, cruising to an all-time high after the US used-car retailer reported better than expected sales and earnings.

Petropavlovsk and a group of investors seeking to oust its board have continued to trade blows ahead of next week’s annual shareholder meeting.

US stocks are starting to get some of their momentum back on Friday, with the Dow Jones Industrial Average set to snap an eight-session losing streak thanks to a surge in energy stocks as major global oil producers agreed a deal to raise output.

Shares in Russian conglomerate Sistema plunged 13 per cent on Friday after two members of the US Congress called for its oligarch owner to be investigated to determine whether he should be hit by sanctions.

US President Donald Trump on Friday threatened to impose a 20 per cent tariff on European auto imports, the latest volley in his escalating global trade war.

BitFlyer has stopped accepting any new customers after the Japanese financial regulator ordered the country’s biggest cryptocurrencies exchange to improve its procedures.

Novo Banco, the lender created out of the failure of Portugal’s Banco Espírito Santo in 2014, is aiming to sell €400m of subordinated debt in a test of whether it will be able to win over international investors burnt during the collapse of its predecessor.

Saudi Arabia has won a deal to lead Opec in a production increase as the cartel and its allies bid to cool oil’s rally to the highest price level since 2014.

Oil prices extended their gains on Friday as Saudi Arabia won a deal to lead Opec in a roughly 1m barrel a day output boost as it seeks to cool the rally in crude.

House of Fraser’s creditors have approved the recovery plan proposed by the department store chain to close more than half its shops in an effort to avoid financial collapse, putting up to 6,000 jobs at risk.

US futures are higher on Friday morning at the end of a week characterised by the escalating trade dispute between the US and its allies.

The Canadian dollar has taken a knock after data showing that the country’s inflation rate has been running well behind forecasts.

Mercedes parent Daimler on Friday named Katrin Adt the new head of its urban microcar marque, Smart.

Renowned UK investor Neil Woodford’s Patient Capital trust is to receive a much-needed £35m boost from the IPO of one of its young biotech companies, weeks after the trust was kicked out of the FTSE 250 following a period of under performance.

The two Koreas on Friday agreed to hold another round of reunions for families separated by the Korean war in the latest sign of warming ties between Seoul and Pyongyang.

Existing cross-border contracts should be honoured in the UK’s EU withdrawal agreement, or the financial sectors of each side will face a chaotic “cliff edge”, an influential City association has argued.

BlackBerry’s push to embed its software into phones and devices made by other companies has been given a fillip after it signed a deal with British phonemaker Bullitt Group.

The leader of the Welsh Conservative Party on Friday rubbished Airbus’ warning that it may be forced to move its operations outside the UK after Brexit as “hyperbole,” and called the company’s announcement a “disservice” to its employees.

President Donald Trump’s “most important” task when he comes to Britain next month will be meeting the Queen, America’s ambassador to the UK said on Friday.

A Chinese state-owned industry fund has taken ownership of Anbang Insurance Group, one of China’s most acquisitive conglomerates before the spectacular downfall of its founder Wu Xiaohui, who was jailed for fraud last month after regulators said the company was insolvent.

The energy ministers of Saudi Arabia and Iran held last-minute talks ahead of the Opec meeting on Friday, Iran’s Shana news agency reported.