The tumbling price of crude oil in the past fortnight has put two of the biggest junk bond exchange traded funds on track for their worst weekly performances in nine months.

Israeli prime minister Benjamin Netanyahu was racing to save his government on Friday as the fallout from an unpopular ceasefire with Hamas triggered the loss of a second key coalition partner and pushed the country towards early elections. 

The head of Google’s cloud business, Diane Greene, is leaving after a period of intensive investment to close the gap with market leader Amazon Web Services.

Airbnb said Friday it booked more than $1bn in third-quarter revenue, driven by international growth in bookings.

Glencore’s giant Kamoto copper and cobalt mine in the Democratic Republic of Congo can start exporting again.

France and Germany will present a joint plan to create a eurozone only budget to finance ministers on Monday, in the latest breakthrough for Paris and Berlin’s strategy of developing new spending tools for the single currency.

The broader US market swung between gains and losses in morning trade, capping off an already shaky week for stocks.

Pacific Gas & Electric shares rebounded sharply on Friday after a California regulator eased concerns over the utility’s potential liabilities tied to a massive wildfire in the state.

Amber Rudd is set to return to government after being appointed the new work and pensions secretary.

The dollar fell and Treasuries rallied on Friday after the Fed’s newly appointed vice-chairman issued cautious comments that further reinforced the market’s view the US central bank would be in no hurry to step up its pace of interest rate rises.

A federal judge has ordered the Trump administration to reinstate the White House pass of a CNN reporter, granting the news organisation an initial victory in its case against the government.

The UK’s competition regulator has launched an investigation into a suspected cartel in the financial services sector.

The chips are down for chipmakers.

Mining and utilities dragged on the US industrial sector, prompting it to expand at a slower than expected pace in October even as manufacturing chugged along.

Germany’s top central banker has called into question whether the European Central Bank’s expanded monetary policy toolkit should survive the crisis.

Paramount Pictures has struck a deal to make films for Netflix, becoming the first major studio to form a production partnership with the streaming giant that has disrupted Hollywood. 

Iraq and the Kurdistan Regional Government have resumed oil exports from the disputed region of Kirkuk for the first time in more than a year, responding to calls from Washington to boost output as US sanctions target Iran.

Royal Bank of Scotland has been removed from a list of the world’s most important banks, meaning it will no longer have to hold additional capital to offset the systemic danger it used to present to the global financial system.

Michael Gove said on Friday he would not resign from his position as environment secretary and stressed it was essential the UK secured “the right deal in the future” in Brexit negotiations.

The UK government will go to the Supreme Court in an attempt to stop the European Court of Justice hearing a case on whether the UK can unilaterally revoke its decision to leave the EU.

Sterling is on track for its worst weekly performance against the dollar since the beginning of August, as the UK government grapples with political turmoil over the proposed Brexit treaty.

BHP, the world’s biggest miner, has blamed human error and equipment failure for a “rollaway” train it was forced to derail after it travelled for almost 100km without a driver.

There was no relief for some of the UK stocks most exposed to the potential economic fallout from a disorderly Brexit, while dollar earners helped the FTSE 100 to a modest rise on Friday.

Russia’s third-largest oil producer, Gazprom Neft, increased net profit 70 per cent on the year in the third quarter as it ramped up crude production and sales and benefited from the national currency weakening.