Unemployment in the euro area rose marginally in October for the first time in 6 months, according to a report by Eurostat, the statistical office of the European Union.
Eurozone annual inflation rate remained unchanged in November after inching closer to the European Central Bank's (ECB) target of 2 percent in October.
After the financial markets gave thumbs down to the Irish bailout deal and the common currency slumped further, the focus is converging on the eurozone itself, rather than on the indebted individual members of the bloc.
Stocks fell, but finished significantly above intra-day lows, as the market recovered somewhat from early losses triggered by renewed fears that the euro zone debt crisis could spread beyond Ireland to Portugal and Spain.
Futures on major U.S. indices point to flat opening on Monday as the European Union’s 85 billion euro ($113 billion) financial assistance package for Ireland failed to boost investor sentiment.
Passengers traveling by water in the European Union countries will now be able to enjoy similar traveling rights as those who travel by air or rail, the European Commission said.
The European Union (EU) has lifted visa requirements for tourists from Taiwan under the EU visa-waiver program, and the move is expected to increase the number of arrivals from Taiwan by at least 30 percent.
While the process of relaxation of visa rules between Russia and European Union appears to be stuck in a limbo, one of Europe’s leading tour operator, Thomas Cook, joins hands with Russia’s Intourist to get a foothold in the Russian tourism market.
Stocks tumbled in a holiday-shortened session on worries over threats of war by North Korea and pervasive fears that the euro zone sovereign debt crisis may spread to Spain and Portugal. Apparently, traders saw little solace in what appears to be shaping up as a strong Black Friday on the retail front.
Standard & Poor’s said it cut its long-term sovereign credit rating on the Republic of Ireland to 'A' from 'AA-' and its short-term rating to 'A-1' from 'A-1+'.
Performance of the US dollar, Europe's periphery issues, inflation in developing world, consumption by developed ones, and of late, tensions in Korean peninsula- a lot of things are weighing on oil. The net result in recent weeks was positive for the greenback and therefore negative for oil. Still, the commodity is set to end this week with a positive note despite losing more than a dollar from its intra-week high by Friday. So, what is the trend? Where is oil heading?
The European Commission announced plans on Thursday to ban trading credits related to certain industrial gases from its Emissions Trading System (ETS) starting from 2013.
Precious metals and euro dropped on Friday as European periphery worries intensified, helping safe-haven interest into the US dollar. EUR/USD touched a fresh 2-month low.
The European Union is attempting to find alternate sources of rare earth mineral after China's exports of the mineral fell drastically last month.
Germany's argument for a policy to make private investors pick up part of the bill for any future bailouts won support from France as more European countries seem to require financial aid.
After nearly a 17-year long wait, Russia could finally be a member of the World Trade Organization by 2011, as it finally reached a deal with European Union, the last opposing member, on Wednesday.
Iceland’s decision to resume international trade in whale meat with Japan brought a sternly worded response from U.S. Commerce Secretary Gary Locke.
The government of Ireland has released a grim four-year austerity budget that seeks to alleviate the country's debt crisis.
Business confidence in Germany surged to record highs in November, despite sovereign debt woes in Ireland and fears of a contagion to other euro zone members.
Nissan Motors Co would be the world's first hybrid to come equipped with standard pedestrian warning sounds for its new 2012 Infiniti M35h, when it goes on sale at Infiniti retailers nationwide in early 2011, the carmaker said in a statement.
Sovereign debt crises in peripheral Europe threaten to bring down the overall euro zone economy because European banks are heavily expose those debt.
Germany has strongly condemned the Russian government move, what they call as “reciprocating”, to make visa norms “strict” for the EU citizens.
