In November, German top-of-the-range carmaker BMW sold more units than ever before in that month, raising hopes of a new annual sales record. While sales slipped in Europe, they grew in the US and China.
Latest industrial output and retail sales figures from China suggest that the world’s second largest economy is back on a course of solid expansion. The recovery gives Chinese leaders room to carry on with its reforms.
American Airlines and US Airways have merged, creating the world's largest carrier and overcoming concerns the deal would hurt consumers. An antitrust lawsuit had stalled the merger in August.
German publishing house Axel Springer has announced it’ll take over German television news channel N24. Springer aims to hook up N24 with its newspaper group Die Welt to form Germany’s leading multimedia news provider.