Thomson Holidays issued a profits warning earlier in the year, blaming the poor performance on a lack of take up of short breaks over the millennium period.

BBC: Champagne sales jump

The new cabinet plans tax breaks for merging institutions and permission for foreigners to take over local banks.

CNN: Taiwan's Ticking Clock

Temperatures in Germany have been in the 80s thanks to a heat wave and the hearing between the two technology giants over design rights to their respective tablet computers had to take a few breaks this afternoon.

FORBES: Samsung's War With Apple Plays Out In Heated German Courtroom