Indian-owned luxury carmaker Jaguar Land Rover is to open a factory to build low-emission engines in Britain with the creation of up to 750 jobs, the company said on Monday.

The £355 million ($410 million, 560 million Euros) facility will be based near Wolverhampton in central England, with work due to start early next year.

Swiss banking giant Credit Suisse said Monday that it has reached a deal with German authorities to end a tax evasion probe, and that it would pay 150 million Euros ($205 million) to settle the case.

"Credit Suisse group and the Public Prosecutor's Office in Duesseldorf have reached an agreement regarding the proceedings against Credit Suisse employees," said the bank in a statement.

Polish Prime Minister Donald Tusk said Sunday his country planned to begin commercial shale gas production from 2014, dismissing environmental concerns while insisting the technologies involved were safe.

"Being a moderate optimistic, the commercial exploitation of shale gas will begin in 2014," the leader of Poland's governing Civic Platform (PO) liberals said while on the campaign trail ahead of an October 9 general election.

Europe is digging an ever-deeper hole as it vows to resolve the Eurozone crisis, experts said Sunday as Greece prepares for a pivotal week of international debt diplomacy.

Plagued by "parochialism, pettiness and procrastination," according to Sony Kapoor, head of the Re-define think tank, "kill the messenger seems to be the new strategy," he told Agence France Presse en route to New York and a frantic week at International Monetary Fund, World Bank and G20 gatherings.

Honda Motor has decided to build its first factory in Russia, becoming the last of the five major Japanese automakers to do so, a report said Sunday.

Russia has an expanding car market and the Nikkei newspaper said Honda, the third largest Japanese vehicle manufacturer, has submitted the plant plan to the Russian government.

Pressure mounted on top managers of Swiss banking giant UBS on Saturday, after it lost $2 billion due to rogue trading.

The bank's honorary chairman Nikolaus Senn told Swiss German television late Friday that he doubted that chief executive Oswald Gruebel could stay after the debacle.

European Union finance ministers are debating a tax on financial transactions that could raise money for the EU as well as make banks share bailout burdens with taxpayers.

But European internal markets Commissioner Michel Barnier said after a meeting Saturday "there's no consensus" on the tax, which would take a tiny fraction from a wide range of financial dealings.

President Barack Obama signed into law Friday a major overhaul of the U.S. patent system, a measure designed to ease the way for inventors to bring their products to market. "We can't afford to drag our feet any longer," the president said.

Passed in a rare display of congressional bipartisanship, the America Invents Act is the first significant change in patent law since 1952. It has been hailed as a milestone that would spur innovation and create jobs.

German auto giant Volkswagen said Friday it would boost investment sharply over the next five years as part of its ambitions to become the world's biggest car maker by 2018.

VW said in a statement it had earmarked 62.4 billion euros ($86.1 billion) for investment between 2012 and 2016, representing an increase of almost 21 percent over the preceding five-year investment plan for the period from 2011 until 2015.

Deep austerity measures adopted by Italy this week are not enough to win market confidence according to economic experts who are calling for urgent action to boost growth.

The government hopes that its budget cuts and reforms will reassure markets about its public finances, and will also win approval from Moody's credit rating agency.