Some 16,000 workers in Greece are in the midst of a 24-hour labor strike to protest the country's austerity package. Organized by Greece's largest unions, the strike and demonstration in Athens have paralyzed airports and ferry lines and closed schools, government offices and tourist sites.
Gold prices hovered in a tight range Wednesday as strong physical buying offset renewed optimism among stock investors that Europe might yet avert a sovereign debt-induced recession.
Airliners were grounded, trains halted and tax offices shut on Wednesday as Greek state workers walked off the job to protest against austerity, defying a plea by the government to rally behind its effort to fend off national bankruptcy.
A decision handed down Tuesday by a court in Luxembourg could significantly change the Premier League's TV contracts to broadcast its soccer matches in Europe, but its ramifications beyond live sports could prove to be minimal.
Copenhagen officials expect the levy to generate almost 2.2?billion Danish kroner ($390-million) for the government.
Turkish Prime Tayyip Erdogan visited South Africa on Tuesday, the latest stop in a diplomatic drive into the resource-rich continent whose attention is increasingly fixed on emerging market relationships rather than old commercial ties to Europe.
European finance ministers are considering making banks take bigger losses on Greek debt and have postponed a vital aid payment to Athens until mid-November, setting up a crunch point in the euro zone's sovereign debt crisis
European banks -- particularly those based in France and Germany with heavy exposure to Greek government bonds -- are suffering the worst damage.
Russian Prime Minister Vladimir Putin has proposed forming a Eurasian Union out of the former Soviet nations, saying it could become a global economic power to rival Asia, America, and Western Europe.
The European Central Bank is likely to leave interest rates unchanged when it holds the last policy meeting of Jean-Claude Trichet's presidency on Thursday, but may open the door to a cut under his successor and reintroduce some of its most potent crisis-fighting weapons.
European finance ministers are considering making banks take bigger losses on Greek debt and have postponed a vital aid payment to Athens until mid-November, setting up a crunch point in the euro zone's sovereign debt crisis.
World stocks hit a fresh 15-month low on Tuesday and the dollar rose to a nine-month peak as fears over a major banking crisis in Europe mounted along with expectations Greece could soon default, accelerating a global economic slowdown.
As American student Amanda Knox's court appeal ends, exasperated residents of Perugia wish for a return to the days when the Italian town was known for chocolate, art and history rather a sex and drugs scene made notorious by the murder case.
World stocks hit a fresh 15-month low on Tuesday while the dollar neared a nine-month peak on growing doubts over Greece's ability to avert a default that would spark a major banking crisis in Europe and accelerate a global economic slowdown.
Euro zone finance ministers and officials were meeting on Monday to discuss the European Financial Stability Facility bailout fund and the economic situation in Greece.
The Greek debt crisis is getting worse rather than better, Canadian Finance Minister Jim Flaherty said on Monday as he urged European leaders to take clear and decisive action to avoid a banking meltdown.
Gold prices jumped Monday as growing pessimism over Europe's finance's drove investors out of stocks, the euro and industrial commodities and into the U.S. dollar and the yellow metal.
Gold prices climbed more than 2 percent Monday, its third daily gain in a row, as Greece's draft budget confirmed the widely held vew that default is inevitable offset.
Greece's admission that it will miss its deficit targets this year and next despite harsh new austerity measures sent stock markets reeling on Monday and raised new doubts over a planned second international bailout.
Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough.
Iran said on Saturday that Christian Pastor Youcef Nadarkhani was sentenced to death for rape, not for the crime of abandoning Islam.
Greece will most likely receive the next tranche of the EU/IMF bailout loan in October, Austria's Finance Minister Maria Fekter was quoted telling German newspaper Welt am Sonntag on Sunday.
