The tobacco industry on Tuesday threatened to slash the price of cigarettes if Australia goes ahead with plans to introduce plain packaging, saying more people will end up smoking.

Last month, Australia unveiled the world's toughest laws on tobacco promotion that would see cigarettes sold in drab olive-green packets plastered with graphic health warnings.

Dubai's government unexpectedly intervened Monday to take over Dubai Bank, a cash-strapped lender jointly owned by the Dubai ruler's investment company and the developer of the world's tallest tower.

The government, in a statement issued by the city-state's media office, vowed to immediately pump an undisclosed amount of fresh funds into the bank. The announcement is a reminder that while Dubai may be recovering from the economic downturn, it is far from being in the clear after its biggest conglomerate was forced to re-negotiate the terms on about $25 billion in debt.

The euro fell half a cent in opening Asian trade Monday as markets fretted that talks on Greece's debt crisis would be thrown into disarray by the arrest of IMF chief Dominique Strauss-Kahn.

The euro dropped to $1.4056 in Tokyo morning trade, down from $1.4108 in New York late Friday. It recovered slightly to stand at $1.4076 mid-morning.

Cisco Systems Inc., the world's largest maker of computer networking gear, said Wednesday that it's set to eliminate thousands of jobs as part of cost-cutting moves to get profits growing again.

Cisco's sales rebounded from the recession, but then started stalling in the middle of last year. In the past few months, CEO John Chambers has signaled that he's accepting long-standing criticism that the company is trying to compete in too many markets. He has vowed to radically simplify the company.

World oil prices slumped further on Thursday, in line with sliding global stock markets, and after the International Energy Agency lowered its outlook for global demand.

New York's main contract, light sweet crude for June, known as West Texas Intermediate (WTI), dived as low as $96.51 per barrel -- reaching a level last seen on March 16. It later stood at $96.70, down $1.51 from Wednesday's close.

Bahrain's oil company has fired almost 300 employees in recent weeks for taking part in anti-government protests and general strikes, according to the Gulf kingdom's energy minister.

Abdulhussain bin Ali Mirza, who also serves as the chief executive of the state-owned Bahrain Petroleum Company (BAPCO), said that 293 employees have been dismissed since the king declared martial law on March 15 to quell weeks of demonstrations.

HSBC launched deep cost cuts on Wednesday to save U.S.$2.5-3.5 billion (1.7-2.4 billion Euros) by 2013, in order to redeploy capital into fast-growing markets around the world.

The banking giant revealed the news in a strategic review published ahead of an investor day in central London, and just two days after it unveiled mixed first-quarter results.

Luxury car maker Jaguar Land Rover has launched a £1.0 billion ($1.6 billion) bond sale, the company's Indian parent Tata Motors said, as part of a drive to refinance debt and develop its operations.

A successful sale would highlight the profit-making firm's ability to raise debt without relying on the support of Tata Motors, India's leading vehicle maker.

InterContinental Hotels Group said on Tuesday that net profits jumped 28 percent to $69 million (48 million euros) in the first quarter on strong growth in China and the United States.

The company, which owns the InterContinental, Crowne Plaza and Holiday Inn chains of hotels, said its profit after tax for the three months to March 31 compared with net earnings of $54 million in the first quarter of 2010.

Perched atop a West Bank hill, the Binyamin region visitors center invites travelers to look past the military jeeps patrolling the surrounding area and enjoy nature, archaeological sites and bucolic vineyards.

Jewish settlers are promoting tourism to draw Israelis who might otherwise never set foot in the West Bank, an occupied area Palestinians want as part of a future state. Proponents hope that drawing visitors will help increase support for retaining the territory, while critics say the tourism campaign, like Jewish settlements, is a foothold that stands in the way of making peace.