Euro-zone retail sales grew in April at a slightly weaker rate than the previous month, but a pickup in wholesale inflation to a 33-month high showed price pressures continue to build in the single currency area.

Dozens of tornadoes spawned by a powerful storm system wiped out entire towns across a wide swath of the South, killing at least 200 people, and the death toll is expected to rise. Alabama was one of the hardest-hit states with 131 deaths.

The Czech Constitutional Court’s ruling to strike down legislation that would reduce state support for consumer savings in home-building bank accounts amounts to judicial activism and the court’s venture into politics, Czech President Vaclav Klaus said.

Deutsche Bank reported a 17% jump in net profit for the first quarter lifted by recent acquisitions and assisted by the performance of its investment bank.

The Swedish National Debt Office said it saw no reason to deny Russian businessman Vladimir Antonov ownership in Dutch car maker Spyker Cars, raising the prospects that Spyker will be able to rescue its troubled auto maker Saab Automobile.

Chrysler plans to take out bank loans and sell debt later this quarter to repay $6.6 billion in bailout loans from the U.S. and Canadian governments.