Receive Breaking News updates as they occur
Germany is waking up to the threat of Brexit and could see weaker growth in 2017, analysts said on Thursday, after a key business confidence survey showed a sharp decline. "The German economy has fallen into a summer slump," Ifo president Clemens Fuest said in a statement, noting that all sectors surveyed except construction had reported a drop in the index. August's sharp drop contrasts with a smaller decline in July, when German business surprised forecasters by appearing to shrug off anxiety over Britain's late-June vote to quit the European Union.
Colombia's government and the FARC rebels have reached a historic peace agreement to end their half-century civil war that cost hundreds of thousands of lives. After nearly four years of negotiations in Cuba, the two sides announced a final deal Wednesday, which President Juan Manuel Santos said would be put to a decisive referendum on October 2. "The Colombian government and the FARC announce that we have reached a final, full and definitive accord... on ending the conflict and building a stable and enduring peace," the two sides said in a joint statement read out in Havana by Cuban diplomat Rodolfo Benitez.