The oil fund told the FT that it would take legal action against VW in German courts by seeking to join one of the class-action suits being prepared there. VW is also being sued by the US Department of Justice, the Federal Trade Commission and its own dealers. Source: FT
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Spain has discreetly hired ferries to be moored in the Port of Barcelona as temporary housing for possibly thousands of police specially deployed to keep order in rebel Catalonia and help suppress an illegal independence referendum. Source bloomberg
Norway’s sovereign wealth fund hit $1 trillion for the first time on Tuesday, driven higher by climbing stock markets and a weaker U.S. dollar. Source: Bloomberg
Finland, a first-rate place in which to be a mother, has registered the lowest number of newborns in nearly 150 years. The birth rate has been falling steadily since the start of the decade, and there’s little to suggest a reversal in the trend. Source: Bloomberg