Hollywood star Tom Hanks on the David Letterman show recently spoke about the charms of a small German town called Eisenhüttenstadt. Located near the Polish border, its architecture and history make it worth a visit.
When it was established in 1950, Eisenhüttenstadt was touted as the first socialist city on German soil. The steelworks are the heart of the town. Known as EKO in the former communist East Germany, today they are owned by ArcelorMittal, a global steel company. The factory is open for guided tours.
Lindenallee, formerly Leninallee, is the road leading into the city. It features 1950s apartment blocks, built in the Stalinist neoclassical style. The architecture forms the most spacious monument in Germany—a monument to the model socialist city. The city museum gives an insight into how it all came about. Elsewhere, the Documentation Center of Everyday Life in the GDR aims to give visitors an understanding of life in communist East Germany.
Vincenzo Nibali has won a fourth stage of the 2014 Tour de France. On Wednesday, the Italian had said that he was now racing himself - and he proved it Thursday on the 18th stage from Pau to Hautacam.
Two linked companies, Espirito Santo Group and RioForte, have applied to Luxembourg courts for protection from their creditors in recent days. The Portuguese family dynasty that owns both companies is at a crossroads.
In a quarterly revision of its World Economic Outlook, the International Monetary Fund has lowered its projections for growth worldwide. The body said geopolitical conflicts were weighing heavily on economic prospects.