EUROPEAN UNION

The International Monetary Fund (IMF) is urging the European Union (EU) to expand the size of its rescue fund in the wake of weakening market performance in the euro zone’s peripheral members.

The crisis-hit peripheral countries have more of a 'solvency problem' than a liquidity problem and their public finances cannot be brought to order without leading to a deep and prolonged recession, as long as they are part of the eurozone, analysts have said.

Football fans needs not worry about securing visas ahead of the 2018 World Cup in Russia as Moscow is planning to scrap the requirement all together for match ticket-holders as well as footballers from the European Union.

After irking the FOSS community by attempting to muscle control over open-source projects like Java, MySQL, OpenOffice and Solaris, Oracle is back again and is eyeing Hudson project, much to the dismay of open-sources.

Whistle-blower website Wikileaks struck its first blow, as German vice-chancellor Guido Westerwelle sacked his office manager on charges of spying for the United States. Helmut Metzner has reportedly admitted to have given regular information to the US embassy in Berlin.

Eurozone retail sales rose unexpectedly in October for the first time in three months, showing an improvement in household demand.

European shares were little changed in early trade ahead of the release of fresh U.S. jobs data later on Friday, while the euro also paused for breath after bouncing from a 2-1/2 month low.

Europe's reaction to the fiscal crisis and the stabilization fund set up to deal with it must be commensurate to the problems involved, European Central Bank President Jean-Claude Trichet said on Friday.

The European Central Bank (ECB) left the benchmark rates unchanged for the 19th straight month, and said it would extend its longer-term liquidity tenders into the first quarter of 2011

The tension in Korean peninsula is unlikely to subside as South Korean intelligence chief Won Sei-hon said the North is highly likely to attack again.

If the ECB lives up to market expectations, the pair could rise further but a strong resistance area is up there, between 1.3266 (key long-term resistance) and 1.3357 (38.2 fibonacci retracement from June 7 lows), between which the 100-day SMA (1.3323) is also falling.

Search giant Google said it has revised its search algorithm to filter bad sites after a New York Times article exposed how an online merchant manipulated Google to get publicity for his website.

Economic growth in the euro zone slowed down in the third quarter, according to the first estimate by Eurostat, the statistical office of the European Union.

France and Germany, the two leading countries of the euro zone, may have intentionally engineered a competitive currency devaluation by pushing private investors to share the burden of future sovereign bailouts.

Despite the recent frenetic declarations by Prime Minister José Luis Rodríguez Zapatero that Spain does not need a bailout, the bond markets strongly disagree with him as traders continue to unload Spanish (as well as Portuguese and Italian) bonds, driving up the financing costs for the nation’s lenders to all-time highs.

The force of political will binding together a seemingly crumbling euro zone is still strong, but the imperatives of domestic economic realignments could force members to an exit option, analysts have said; and the road out of the bloc doesn’t exactly look daunting.

Internet search company Google Inc on Tuesday said it has signed a deal with the European Patent Office (EPO) to use the company’s technology to translate patents into 29 European languages that will pave the way for a simplified European patent system.

The European Commission has decided to probe Google Inc. after complaints by search service providers about unfavourable treatment of their services in Google's search results along with an alleged preferential placement of Google's own services.

After enjoying nearly two decades of an unprecedented economic prosperity at home, many Irish are now seeking to leave for greener pastures elsewhere as the nation finds itself on the brink of an economic collapse.

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.