Other international news on 24 October 2017: GE stock tumbles to six-year low, EU officials raid Volkswagen, Daimler

Other international stories worth a quick look this morning:

• General Electric’s “deteriorating outlook” sent its stock price spiraling to itslowest level in six years yesterday,Bloomberg reports. The share price began to tumble when “banks from RBC Capital Markets to UBS Group AG” lowered their valuations for GE after CEO John Flannery announced a cut in the company’s projected revenues for 2017.
• European and German officials raided the offices of Volkswagen and Daimler on Monday as part of an investigation into alleged collusion, Reuters reports. BMW’s offices in Munich were also searched.