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 fate of Christian pastor Yucef Nadarkhani hangs in the balance, with Iranian Supreme Court endorsing his death penalty on apostasy charges and giving him an ultimatum to recant his faith, failing which he will be hanged. Some Web sites have published articles that give a colorful account of his life, struggles with the Iranian establishment, the events leading up to his arrest in 2009 and the death sentence that looms over him now.
Christian pastor Yucef Nadarkhani, who is facing execution in Iran on apostasy charges, could be put to death any time as he has refused to recant his Christian faith in court three times so far this week.
Cytisine, a plant-based drug discovered by the Soviet Union more than 40 years ago, may be the key to lowering cigarette smoking rates in the developing world.
Forget patches or placebos, new research shows a pill used to quit smoking in Europe for years is not only more effective than other cessation routes, but is a cheap, more cost efficient alternative as well.
Young people across the globe are having more unprotected sex and know less about effective contraception options, a multinational survey revealed on Monday.
Bankers are bracing for a Greek default, and their best hope is that Europe can erect firewalls around the banking system strong enough and soon enough to prevent it from spreading to other euro-zone countries.
A pair of 19th century paintings by Polish Impressionist Julian Falat, looted by the Nazis nearly seven decades ago, were returned to Polish authorities on Thursday in a ceremony in New York.
The Greek cabinet was expected to outline major public sector layoffs, more spending cuts and tax increases on Wednesday to secure a bailout installment crucial to avoid running out of money next month.
Europe will come under heavy pressure this week to stem its deepening debt crisis but talks among the self-proclaimed guardians of global finance are unlikely to yield bold action.
Treasury Secretary Timothy Geithner said on Monday he believes that European leaders will incorporate some lessons and methods employed by the United States during the financial crisis as they work to quell their sovereign debt woes.
The European Union will call on China this week to boost domestic demand and on the United States and Japan to tackle their public deficits as part of global efforts to rebalance growth, an EU document showed.
Wall Street hopes for more Fed action and clear signs European leaders will follow through on their new urgency to tackle the euro zone debt crisis if U.S. stocks are to build on their best week since early July.
Wall Street hopes for more Fed action and clear signs European leaders will follow through on their new urgency to tackle the euro zone debt crisis if U.S. stocks are to build on their best week since early July.
ECB Governing Council member Jens Weidmann, an opponent of the bank's bond-buying program, told Germany's Spiegel magazine the ECB had burdened itself with considerable risk and it was wrong to abandon established principles of monetary policy.
Brown explained that the financial woes in Europe are, at their essence, a crisis in banking, not debt.
EU officials sought to dispel fears about a bank lending freeze on Saturday, despite a stark warning from senior aides that a systemic crisis in sovereign debt now threatened a new credit crunch.
US Equity markets advanced modestly as concerns over the European debt crisis overshadowed international central banks efforts to stabilize the European monetary system.
Gold and other precious metals jumped Friday on bargain hunting and a loss of faith that global central bankers will be able to contain Europe's sovereign debt crisis to Greece.
At a meeting with E.U. finance ministers, U.S. Treasury Secretary Timothy Geithner made the case for a leveraged E.U. buyout fund ala the U.S.'s successful 2008 TALF, to help address Europe’s banking crisis, but the structure and size of any beefed-up intervention mechanism remained undetermined as of Friday night in Europe.
Stocks were little changed on Friday as investors booked profits after a four-day rally, but optimism European leaders were on the right track in tackling the region's debt problem kept losses in check.
Geithner is currently in Warsaw, Poland to meet with Eurozone finance ministers to find a way out of the continent’s huge debt problems after more than two years of bailouts, wrecked economies and bickering.
