The leading European automobile group, Volkswagen, is close to overtaking Toyota as the world's biggest car manufacturer. It has reported a jump in quarterly profits thanks to strong demand in China.
German employment has dipped marginally in the past four weeks. The Federal Employment Agency cited seasonal factors and said the labor market in general was still robust in Europe's power house.
The European Court of Human Rights has awarded Yukos shareholders 1.9 billion euros ($2.54 billion) in compensation. The now defunct oil company successfully argued that Russia unlawfully seized it in 2003.
Germany’s electrical and engineering giant Siemens has confirmed its full year outlook. But the company admitted energy sector challenges tainted results.