Tyre maker Continental has received a 11.3bn euro (£8.9bn) bid from German counterpart Schaeffler, paving the way for a potential takeover fight.

The wife of canoeist John Darwin has denied repeatedly lying in court in a "last-ditch" attempt to "get away with it", a court has heard. Anne Darwin said she felt "trapped" by her husband's actions when lying to their sons about their father's fate.

What appears to be a mass grave has been discovered in eastern Sri Lanka.

Citigroup has reported another big loss, although it lost less money than had been expected. The biggest US bank by assets lost $2.5bn (£1.3bn) in the three months to the end of June, weighed down by another $11.7bn of write-downs.