Residents of one of Germany's foremost car manufacturing bases are urged to leave their vehicles at home after smog breaches maximum safe levels.

The sale of the UK government's stake in the Eurostar train service is "further evidence" of assets being undervalued, the Public Accounts Committee says.

Steel company Sheffield Forgemasters cuts up to 100 jobs in another blow for the crisis-hit industry that has seen thousands of redundancies.

Shares in Asia sink into negative territory as investor sentiment continues to be rattled by oil prices and concerns over growth in China.

Royal Dutch Shell has said it expects full-year profits of between $10.4bn and $10.7bn just a week before shareholders vote on its planned takeover of smaller rival BG Group.

The first meeting of a group set up to tackle the fallout from more than 1,000 steelworkers losing their jobs takes place on Wednesday.

Energy firm E.On announces a 5.1% reduction in its standard gas price, becoming the first of the big six energy firms to cut prices within the last six months.

The FTSE 100 slides almost 2% in early trading, partly due to a continued fall in oil prices.