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Solid growth in powerhouse Germany kept the eurozone economy steady in late 2015 despite the buffeting from global market turmoil and a sharp slowdown in China, data showed Friday, but the outlook is clouded. "The economic situation in Germany was characterised by solid and continuous growth in 2015," federal statistics office Destatis said.
The Paris appeal court on Friday upheld a ruling that Facebook can be sued under French and not Californian law. The ruling applies to a case in which a French teacher wants to sue the US social media giant over his claims that his page was censored when he posted a graphic painting of a woman's nude lower half by Gustave Courbet. The teacher, Frederic Durand-Baissas, won in the Paris high court last year after claiming that Facebook were wrong to suspend his account.
Renault said Friday net profit for 2015 was up nearly 50 percent to 2.96 billion euros ($3.3 billion) despite a hit from its Russian subsidiary which Renault said it may recapitalise and take over to save it from collapse. The French carmaker said it was in talks with the holding company of its Russian unit, Avtovaz, after it took a 620 million euro loss in Russia as the economy slowed drastically last year. Renault said in a statement the talks would examine the feasibility of "a recapitalisation which could lead to the consolidation of the company by Renault".