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Manufacturing in eurozone giant Germany weakened in October, pushing the 17-nation economic and monetary union into further decline, a survey indicated.
The anti-austerity revolt of European voters continued when electors in a key German province gave Chancellor Angela Merkel's Christian Democrats their lowest vote since 1948.
German economist Hans-Werner Sinn apologized to the Jewish community Monday for linking current attacks on company executives to World War II-era anti-Semitism.
A fall in a major economic indicator in Europe shows the economy contracted in the Eurozone for the first time in five years, analysts said.
Germany's left party is surging, driven by tax evasion and business scandals, with ominous implications for Europe's hopes of escaping recession.
German business confidence rebounded unexpectedly this month to a 15-year high, a research group based in Munich has found.
A German research group says business confidence has risen for the second month in a row, suggesting a possible trend.
Germany's Ifo Institute in Munich reported a slightly improving business climate index in Germany this month after four months of declines.
An analysis of world economic activity finds global commerce falling for the fifth consecutive quarter, largely on weakness in Western Europe.
Economists are predicting a continued economic slowdown of the world's economy in 2005, a quarterly report released Tuesday by Germany's Ifo Institute for Economic Research and the International Chamber of Commerce (ICC), of Paris, said.
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