The euro zone has fallen into a technical recession, according to Eurocoin, an economic activity indicator, confirming the economic weakness of the battered region.
Finance ministers from the 17-member currency area agreed to combine, for one year, a pair of rescue funds meant to help avert a default by Spain, Italy or Portugal, or a repeat by Greece, which warned that a third bailout might be necessary.
The United States stepped up lobbying on Thursday for its pick to retain the top job at the World Bank as emerging markets pushed their view that the time has come for rich nations to share leadership of key institutions.
Union workers held a general 24 hour strike across Spain Thursday to protest austerity cuts, labor reforms, and its record 23 percent unemployment rate.
An Iranian organization called the Mojahedin-e-Khalq, or MEK, considered a terrorist organization by the United States, is paying hundreds of thousands of dollars to former American officials and politicians. But where is the money coming from?
Unions brought Spain to a halt to protest heavy budget cuts by Prime Minister Mariano Rajoy's three-month-old government, but the government vowed to press on with its tough austerity measures and labor reforms.
A general strike and looming deficit pushed Spanish bonds yields up Thursday, leading investors to question if the country will be the next weakest link in the euro zone.
What if the Unites States (a much larger and more powerful nation than Greece) were to face a similar crisis as the Greeks?
The saga of French Muslims took an ugly turn earlier this month when Islamic militant Mohamed Merah was identified as the gunman in mass killings in Toulouse that appeared to have been driven by bias.
Asian shares eased for a second day in a row Thursday, as investors limited their risk exposures on concerns about growth prospects in the world's two largest economies, the United States and China.
Bulgaria cites a lack of funding for not pursuing a planned nuclear power plant at Belene
Ahead of next month's French presidential election, incumbent president Nicolas Sarkozy has already complained that there are too many immigrants in France.
Erdogan spoke optimistically about the resumption of nuclear negotiations.
Following the recent military coup, the West African regional bloc suspended Mali from participation and threatens the use of force to restore the constitutional government.
A number of international powers rushed to warn Sudan that recent military clashes near the border with South Sudan are propelling the nations toward war yet again.
A major U.S. airline lobbying group on Tuesday ditched a private lawsuit challenging the European Union's recently-implemented carbon tax for airlines using the trading bloc's airports, calling on the Obama administration and Congress to take up the charge.
People in Europe drink more alcohol than in any other part of the world, downing the equivalent of 12.5 litres of pure alcohol a year or almost three glasses of wine a day, according to report by the World Health Organisation and the European Commission.
After months of international tensions, long-stalled nuclear talks between Iran and foreign leaders will resume on April 13.
Russian President Dmitry Medvedev extended complete support to the UN-Arab League envoy in Syria, saying that Kofi Annan's resolution represented the last chance for preventing the violent insurgency from turning into a civil war. Medvedev's strong message to Syrian President Bashar al-Assad came close on the heels of US President Barack Obama announcing his plans to send non-lethal aid to the Syrian opposition.
Royal Dutch Shell PLC has a whole lot of money on its balance sheet, but European Union and U.S. financial sanctions are making it difficult for the major integrated oil-and-gas company to pay an estimated $1 billion it owes the National Iranian Oil Co. for crude purchases, according to Reuters.
Hopes that the European Central Bank’s operations would help to facilitate a meaningful pick-up in the euro-zone economy were dealt a blow by the release of March’s flash Purchase managers Index surveys according to Capital Economics.
Before a much anticipated election, Burmese state television announced Friday it will postpone voting in three Kachin state districts
