The euro slipped against the dollar in Asia on Monday following news of a bailout for a crisis-hit Portuguese bank, while the dollar held steady after falling on U.S. jobs data.

Portugal's central bank announced late Sunday that the nation will inject 4.4 billion euros ($5.9 billion) into the Banco Espirito Santo (BES) amid fears of a catastrophic bank run.

A report commissioned by London Mayor Boris Johnson has concluded that a British exit from the European Union would be better for the city than remaining in an unreformed EU.

Johnson is likely to give his backing to the report in a speech this week to launch the document, The Sunday Telegraph and The Sunday Times newspapers said.

A 24-hour strike by Air France ground staff caused flight delays and frustration for huge numbers of passengers at Paris airports on Saturday -- on one of France's busiest travel weekends of the year.

Major automakers Friday reported another month of strong U.S. sales in July, with many of the biggest gains coming in trucks and sport utility vehicles.

Uruguay, the first country to fully legalize the production, sale and distribution of marijuana, called for bids Friday from private growers who want to farm cannabis in a public field.

The U.S. judge presiding over Argentina's bitter dispute with two hedge funds left the country stranded in default Friday, ordering it to hold new negotiations and calling for an end to "mistrust."

Sharp said Friday it logged a $17.4 million net loss for the three months to June, but added it still expected a full-year profit as the Japanese electronics giant tries to move past years of record losses.

The Osaka-based company lost 1.79 billion yen in the period, well down from a 17.98 billion yen shortfall a year ago, which it said was largely due to one-time factors.

Chinese manufacturing activity increased sharply in July, rising at its fastest pace in more than two years, an official survey showed Friday, as the world's second-largest economy shows signs of increasing momentum.

The official purchasing managers index (PMI) hit 51.7 last month, the National Bureau of Statistics said in a statement.

For millions of school children they are the must have fashion accessory of the moment. Footballer David Beckham and Britain's Prince William have sported them. Even Pope Francis has been photographed wearing a few.

Loom bands -- colorful rubber bands woven together into bracelets and other items -- are the latest craze to sweep playgrounds everywhere from New York to Singapore.

No one doubts the latest EU and US economic sanctions on Russia will inflict significant costs, but whether they can force Moscow to reverse course in Ukraine is a completely different question.