Members of the Berlin Symphonic Orchestra bid farewell to their fans with a last concert on Sunday after orchestra officials failed to secure 80,000 euros ($103,000) in emergency funding for the bankrupt organization. Orchestra leaders had tried to find private sponsors after Berlin's city government cut three million euros in subsidies last year. The ensemble's disbandment is the latest in a long list of German orchestras that have disappeared due to lacking funds.
The business climate in Germany has rebounded after a drop in March caused by the Ukraine crisis. The rise in April has surprised analysts who expected another hit amid ongoing talk of sanctions against Russia.
Ukraine's interior ministry has said five pro-Russian militants were killed in a raid in the eastern town of Slovyansk. Kyiv has relaunched a military operation to oust separatists occupying several towns in the east.
French train maker Alstom has denied it has received an official offer for its shares from US engineering group General Electric. The denial, however, doesn’t silence takeover rumors reported earlier.