The 10 biggest business stories on Monday November 9

Maggi noodles back on sales in India; Chinese imports fall for 12th consecutive month, down 18.8 per cent; Lufthansa strike hits 113000 passengers

Maggi noodles (AFP/Getty)

1. China's trade drops well below expectations in October. Exports fell 6.9 per cent from a year ago, dropping for a fourth month, while imports slipped 18.8 per cent.

2. Cameron is due to outline British demands for renegotiation of its European Union membership terms in a letter to the President of the European Council, Donald Tusk, to be published on Tuesday.

3. The world economy is growing at a slower pace than official forecasters are anticipating, according to Nils Smedegaard Andersen, chief executive officer at A.P. Moeller-Maersk, the world’s biggest shipping line, Bloomberg reports.

4. Huge blue and pink diamonds, the star attractions at major jewel auctions in Geneva in the coming days, are expected to fetch tens of millions of dollars and possibly set new world records. The anticipated sales prices for the two stones are part of a trend that has seen values for coloured diamonds more than doubling over the last two decades.

5. Saudia Arabia will not cut oil production, according to the Financial Times. The oil price has fallen from highs of about $115 a barrel last year to around $50 a barrel today.

6. Maggi noodles were relaunched in India after a five-month absence. Nestle’s product was banned by food safety authorities in May on the grounds that they contained high levels of lead.

7. Lufthansa said on Sunday it would cancel 929 flights affecting 113,000 passengers because of a cabin crew strike on Monday. The strike is part of a week of action organised by cabin crew union UFO to push demands in a long-running row over early retirement benefits and pensions.

8. One in three high-earning part-time workers are men - and more than ever in senior management roles are now taking the step to working less than full time, according to new study.

9. Climate change could drive 100 million more people in poverty by 2030, the World Bank said on Sunday.

10. A number of Volkswagen engineers have admitted manipulating the car giant's carbon dioxide emissions data, claiming the targets they were set by former boss Martin Winterkorn were too difficult to achieve, according to German newspaper the Bild am Sonntag.