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ECB's Noyer says French downgrade not justified

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A downgrade of France's AAA credit rating would not be justified and ratings agencies are making decisions based more on politics than economics, European Central Bank policymaker Christian Noyer said on Thursday.
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More than 100 Million EU Citizens Have Never Surfed Web

Almost a quarter of the European Union's 500 million people have never used the Internet and there is a widening division between the web-savvy north of Europe and the poorer south and east, figures released on Wednesday showed.
A sign hangs in front of a branch of travel agent Thomas Cook in London

Thomas Cook axes 200 Shops, Checks out of 500 Hotels

Thomas Cook will close 200 underperforming shops and 500 hotels and is lining up further disposals, as it battles to cut debt and restore confidence among investors and customers after a bailout by its banks.
Laborer at work

Growth Disappointments Drag India Funds Down

Worries that India's evolution into an economic superpower may be overhyped and signs the government may lack the will to further dismantle a protectionist legacy drove India-themed funds to the bottom of performance league tables in November.
France's President Sarkozy sits next to German Chancellor Merkel and European Commission President Barroso at the EPP congress in Marseille

Global Military Balance Shifts as Economic Winter Hastens Europe’s Decline

A shift in the global military balance is one of the inalienable fallouts of the economic winter experienced by the Western world. While military spending in the U.S., the reigning super power, is increasingly coming under a scanner, the extended defense holiday in Europe signals that the continent’s global influence is on irreversible decline.
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Olympus ex-CEO Woodford: wants no part in breaking up firm

Ousted Olympus CEO Michael Woodford, who is campaigning to regain his old job at the disgraced Japanese company, said on Wednesday that he wanted no part in breaking up the firm, now struggling to survive a massive accounting scandal.
Former Olympus Corp CEO Michael Woodford speaks to reporters upon his arrival at Haneda airport in Tokyo

Deadline Time as Japan's Olympus struggles to Survive

Japan's scandal-ridden Olympus Corp faces one of its biggest challenges to survive as an independent company on Wednesday, when it must meet a deadline to file its second-quarter results or be delisted from the Tokyo stock exchange.
Actress Rooney Mara poses during a press meeting in Stockholm

Critics stamp their approval on Dragon Tattoo

Director David Fincher's film adaptation of The Girl with the Dragon Tattoo earned solid early reviews on Tuesday following its London premiere, and the studio behind it pushed up the release in a crowded holiday season.

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