GERMANY

PMI: Downward Revisions To April Euro Zone Manufacturing, Services

Fiat is closing its headquarters for eight days this summer to save money.
Output for the eurozone manufacturing and services sectors shrank in April more than initially reported, according to Purchasing Managers Index (PMI) data released Friday by Markit, the London firm that publishes a monthly independent surveys that gauges economic activity worldwide. Business conditions deteriorated at a faster rate towards the end of the month, said Chris Williamson, chief economist at Markit, explaining the downward revision from preliminary estimates released April 23....
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China market

After Bull Run, Investors Seek Shelter: Daily Markets Wrap

A disappointing ADP Employer Services jobs report issued Wednesday, which showed a still-sluggish U.S. job market, drove U.S. and European markets down and signaled that a key report on employment at the end of the week could be grim.
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Germany's Jobless Rate Creeps Up In April

Germany's jobless rate edged higher last month on a seasonally adjusted basis after touching a post-reunification low in March, data showed on Wednesday, reviving concerns about the resilience of the German economy to the euro zone crisis.
A file photo of Osama Bin Laden in Afghanistan

Al-Qaeda Pornographic Movies Found To Hide Documents Detailing Future Attacks

Last May, a 22-year-old Austrian named Maqsood Lodin attempted to smuggle documents from al-Qaeda into Germany. Police in Berlin were suspicious of him after he returned from Pakistan by traveling through Budapest, Hungary and then to Germany. Police were shocked to discover several digital storage devices and memory cards.
Elias Panagiotaros, a spokesperson for the extreme right Golden Dawn party (2nd R), and other members of the group shout insults against a Socialist former education minister during an election campaign gathering in Athens

Greek Elections: Economic Crisis Raises Profile Of Far Right

The ultra-nationalist Chrysi Avgi (?Golden Dawn?) party ? which Greek and European media sometimes label as a Neo-Nazi organization -- is expected to gain 5 percent of the total vote, well above the 3 percent minimum required for entering parliament.
Merkel

Merkel's Old Volkswagen Sold at Auction, Second Time Lucky

German Chancellor Angela Merkel's old Volkswagen wasn't worth the 130,000 euros ($172,100) bogus online bidders kited it to earlier this month, but the first woman chancellor's 1990 Golf finally went to the highest bidder on Monday for 10,165 euros.
Spain

Spain Falls Back Into Recession As Austerity Bites

Spain's economy tipped back into recession in the first quarter and economists said spending cuts aimed at meeting strict EU deficit limits together with troubles in the banking sector would delay any return to growth until late this year or beyond.

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