After weeks of uncertainty, a Greek government has emerged following talks between Greece's center-right New Democracy party, which won Sunday's parliamentary elections, and the smaller leftist parties that lost seats.
Brazil, India, China and the other countries that paid into the latest European bailout fund aren't doing it for charity. Here's what they stand to gain from saving their former colonial masters.
On the second and final day of negotiations in Moscow, diplomats said there was still no agreement between six world powers -- U.S., Russia, China, Germany, France and Britain -- and Iran over Tehran's alleged nuclear weapons program.
Stock markets in China and Hong Kong declined Tuesday as renewed concerns over Spain's financial woes offset optimism over the Greek election results.
Asian shares slipped on Tuesday as a post-Greek election relief rally quickly ran out of steam, with rising Spanish and Italian bond yields signaling that European leaders still have much to do to contain the euro zone debt crisis.
The Russian cargo ship MV Alaed, which is allegedly en route to Syria with helicopters and other munitions, may have to change course now that British marine insurance company has withdrawn its coverage.
Greece's conservatives are close to forming a coalition government following their narrow election victory, a party official said Monday.
With Sunday's Greek election result doing little to ease long-term fears that the country still faces a messy exit from the euro, the G-20 delegates are left speculating how to tackle a spiraling crisis with no clear end in sight.
?The new government in Greece must fulfill their commitments quickly,? says German Chancellor Angela Merkel.
Papandreou believes that given enough time, the Greeks would be able to adhere to bailout terms.
With French President Francois Hollande's Socialist Party appearing likely to cement its hold on the country's government in elections on Sunday, the Journal du Dimanche has reported that France wants the European Union to agree on growth-boosting measures worth ?120 billion ($151 billion) this year.
Ahead of what is likely to be a week full of drama, stomach-churning market action, and violence in the streets of Athens, a German documentary is making the rounds online outlining the severe socioeconomic dysfunction that led Greece to its current state of affairs.
Markets are fretting over the outcome of Sunday's Greek vote -- with the anti-bailout Syriza party polling neck and neck with rival New Democracy -- and policymakers seem spellbound by the prospect of a breakup of the euro zone.
Some Greeks are likely to vent their anger by supporting the anti-austerity radical leftist Syriza party in this weekend?s poll.
At stake is nothing less than Greece?s financial survival and the viability of the euro zone currency bloc.
Britain's goods trade deficit unexpectedly widened in April as exports plunged, raising the threat of a third quarter of economic contraction and adding urgency to new measures to foster growth as trading partners in the euro zone weaken.
Japan's Nikkei 225 Stock Average fell Thursday amid report of cut in Spain's credit rating and disappointing data from the U.S.
Helicopter gunships aren't the only things Russia is giving Syria; now the Kremlin is printing money for the cash-strapped Damascus regime. But whereas the former makes Assad's regime stronger militarily, the latter may be contributing to an inflation rate that is now more than 30 percent.
It seems that since the very beginning of the European debt crisis the half-life of announced bailout measures is steadily contracting
The European Union's ?100 billion ($126 billion) bailout of Spanish banks may have, at least temporarily, saved those institutions. But the rescue is being judged a failure by the markets, as it appears to have seriously damaged the government's ability to borrow from international creditors, something a country running on deficit financing for the foreseeable future is vitally dependent on.
The U.S. singled out China on Monday in its effort to push the international community to place additional economic pressure on Iran.
Washington, which put a $33 million bounty on the heads of six al Shabab commanders last week, said on Sunday that it will continue to provide assistance to the African Union Mission in Somalia, of which Kenya is a part, but did not elaborate.
