©The French auto group PSA said Monday it would recall 97,000 Peugeot 107s and Citroen C1s

Peugeot Citroen recalls 97,000 cars
09:51 GMT

The French auto group PSA Peugeot Citroen said Monday it would recall 97,000 Peugeot 107s and Citroen C1s made in a Czech factory it shares with Japanese automaker Toyota.

©Soft-drink bottles move along a Russian production line

Russian economy shrinks almost 8% in 2009
10:53 GMT

Russia's economy contracted 7.9 percent in 2009, statistics showed Monday, after the economic crisis abruptly ended years of strong growth in the country and showed up its failure to implement reform.

©Switzerland is known for guarding its banking privacy laws jealously

Germany hints will buy secret Swiss bank data
11:44 GMT

Germany signalled Monday it would buy a disc said to contain the names of up to 1,500 Germans dodging the taxman by parking funds in Switzerland, in a blow to the Alpine country's cherished bank secrecy.

©BMW employees work on rear suspensions at the German luxury carmaker's plant in Dingolfing

Eurozone manufacturing hits two-year high: survey
11:32 GMT

Manufacturing in the eurozone hit a two-year high in January, with Germany and France leading the way for post-recession Europe as Spain and Greece fell further behind, a survey showed Monday.

©Japanese management guru and Buddhist monk, Kazuo Inamori has taken the helm of bankrupt Japan Airlines

JAL's new bosses say starting anew on tie-up
10:06 GMT

Japan Airlines' new management team said Monday it was starting from scratch in its talks with foreign rivals about a possible tie-up, part of efforts to revive the stricken carrier.