Germany's biggest lenders have shied away from business with Iran after past penalties for breaching U.S. sanctions, but smaller banks have leaped on opportunities afforded by the nuclear deal rejected by Donald Trump.

Spain may be one of the world's top tourist destinations, but many people in its biggest cities have grown exasperated with Airbnb-style rentals.

And now, their city councils are taking action.

After the embattled Turkish lira weakened against the US dollar this week, Turks remain troubled over the economy despite the government's reassurances.

Global oil prices fell Friday after top producer Saudi Arabia signaled a likely boost in supply as soon as the third quarter, and world stock markets were mixed over the sudden US move to cancel the summit with North Korea.

China said Thursday it has not set a target to cut its trade surplus with the US but will seek to increase imports after the two sides stepped back from a potential trade war.

Germany's largest lender Deutsche Bank said Thursday it will cut over 7,000 jobs and dramatically scale back its investment banking activities as it tries to turn the corner on years of losses.

"The number of full-time equivalent positions is expected to fall from just over 97,000 currently to well below 90,000. The associated personnel reductions are underway," a statement said.

Britain's annual inflation rate eased in April to 2.4 percent, the lowest level since March 2017, official data showed Wednesday, weighing on the pound.

Turkey's embattled lira on Wednesday hit new historic lows against the US dollar after suffering a hammering in Asian trade, as markets watched to see if the central bank takes emergency action to buttress the currency.

Asian and European markets tumbled Wednesday after Donald Trump cast doubt on a planned summit with North Korean leader Kim Jong Un and appeared to hit out at a deal with China that averted a damaging trade war.

The EU's own top trade official warned Tuesday that the bloc's last-ditch bid to persuade U.S. President Donald Trump to back off stiff tariffs on metals imports from Europe fell short of expectations in Washington.