German economy weakens; Bronfman drops Paramount bid clearing way for Skydance deal – business live

Good morning, and welcome to our live coverage of business, economics and financial markets.

Germany’s economic outlook has worsened as GDP was confirmed to have fallen in the second quarter and consumer sentiment slumped, according to figures published on Tuesday.

GDP fell by 0.1% in the second quarter, confirming the previous estimate, said Destatis, the federal statistics office. GDP in the…