France’s Economic Growth Slows – Sluggish GDP Adds to Euro-Zone Gloom, But German Exports Rise 

Reuters  The French economy expanded in the second quarter at its weakest pace in two and a half years as the global economic slowdown chipped away at activity, the government said Tuesday.   Growth in the second-largest economy in the 12-nation euro zone eased to 0.3 percent compared with the first quarter. when gross domestic product…

Bid for German Bank Sunk by Market Slide  

Reuters  FRANKFURT – Talks on a takeover of Germany’s Reuters Commerzbank AG by UniCredito Italiano SpA fell apart Tuesday because of differences over valuation after shares in both banks fell sharply, the two sides said.   The collapse is a blow to hopes for European cross- border banking consolidation and clouds the future of Commerzbank, Germany’s…

Taleban Air Offensive Reported Near Kabul 

Fighting Follows Attack on Opposition Chief  Reuters  KABUL – The Taleban has begun a major offensive north of the capital after suicide bombers tried to kill the movement’s key military opponent, anti-Taleban sources said Tuesday.   The Taleban militia, which has denied any link with the attack Sunday on the guerrilla commander Ahmed Shah Massoud, had…