Clouds may be gathering over the global economy, but auto makers are revving up to try and dispel any gloom with nearly 90 new models at the world's biggest motor show, the IAA.

With more than 1,000 exhibitors from 32 countries crowding into 235,000 square meters (23 hectares) of the vast halls of Frankfurt's "Messe" trade fair, this year's "Internationale Automobil Ausstellung" is going to be 25 percent bigger than the last edition in 2009.

With just nine months left until Euro 2012, organizers and experts say host country Poland will reap long-term economic benefits from Europe's top international football showcase.

"Euro 2012 is a catalyst of positive change. It's a catalyst, and not just a goal in itself," said Marcin Herra, who heads PL.2012, the body overseeing a bewildering array of projects from stadiums to airports and hotels to highways.

U.S. Ambassador to China Gary Locke said Friday a stronger U.S. economy is in China's interest and he will promote trade and human rights as the new envoy in Beijing, a focal point for U.S. diplomacy.

"The highest priority of the United States today is to create jobs for Americans and revitalize our economy. Given our economic interdependence, a stronger American economy is in the economic self-interest of the Chinese people," he said to university students.

Oil prices fell to near $88 a barrel Friday in Asia as investors mulled whether a new U.S. jobs package will help boost crude demand.

Benchmark oil for October delivery was down 62 cents to $88.43 at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. Crude fell 29 cents to finish at $89.05 on Thursday.

The failure of Federal Reserve chairman Ben Bernanke to outline new monetary stimulus weighed on markets Friday ahead of a meeting of finance ministers of the Group of Seven top industrialized countries where pro-growth measures are set to be discussed.

Hopes that Bernanke would use a speech Thursday to hint at another round of stimulus were not met and fueled a bout of selling in markets after a week when most stocks have managed to hold their own.

Porsche shares are down sharply after Volkswagen said a merger between the two German carmakers will not be completed by the year-end as planned.

Shares in Porsche Automobil Holding SE traded down 11.3 percent Friday at €39.21.

French Foreign Minister Alain Juppe sought Thursday to reassure Asian countries that the Eurozone would not collapse "despite the current crisis" as he began an Asia-Pacific tour in Hong Kong.

"Rest assured that in the face of this crisis, we are taking action," he said in a speech to members of the French community in the southern Chinese city.

The prospect of throwing Greece out of the Eurozone moved cener-stage Thursday, after the Dutch called for the "ultimate sanction" and Germany warned a second bailout deal may need re-negotiation.

Under a proposed new regime that would place economies in deep trouble under the wardenship of Eurozone partners, Netherlands finance minister Jan Kees de Jager threatened expulsion as an "ultimate sanction".

International tourism grew by almost five percent in the first half of the year, recording a record 440 million arrivals, the World Tourism Organization said Thursday.

The results show that "in spite of multiple challenges, international tourism continues to consolidate the return to growth initiated in 2010," the U.N. body said in its report.

Faded and forgotten Western brands are being dusted off and brought back to life by companies in Asia targeting the burgeoning number of people looking for labels to match new middle class lifestyles.

Asians have been buying or licensing fashion names — many of them European with long and rich histories including royal connections or haute couture origins — that have fallen out of favor back home, as they seek to lure the region's newly affluent.