Volkswagen bosses' offices raided - Venezuela partially defaults on its debt
Bengt Holmgren caught the Volkswagen bug in the 1960s and has since gone on to collect some 70 classic cars. Some 25 years after opening his own VW museum, the Swede will auction off his prized collection.
Angola's President Joao Lourenco is in Europe to promote the country as investment-friendly. In Germany, he is not only seeking ordinary investment in agriculture, technology or construction. Lourenco wants war ships.
In a bid to combat hyperinflation, Venezuela has unveiled new paper money with five fewer zeros. It comes after the IMF warned that the nation's inflation could reach one million percent this year.
Germany is not planning financial aid to help Turkey deal with its currency crisis, the Berlin government says. Opportunities may arise to buy indebted Turkish firms, but for now German business leaders are indifferent.
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