EUROPEAN UNION

The euro zone experienced a €2.8 billion trade surplus in February, however the European Union as a whole suffered a €9.4 billion deficit, a Eurostat report said Monday.

I can announce that we are lifting sanctions considerably, Carr said.

South Korea's central bank has lowered the country's growth forecast for 2012 to 3.5 percent on account of the global economic slowdown that has resulted in the weakening of exports.

South Korea's central bank said Friday that it is keeping the key interest rate unchanged at 3.25 percent, subsequent to the inflationary pressures witnessed by the country.

Months of saber rattling and diplomatic tension between Iran and the rest of the world have led to Saturday's nuclear talks, the first attempt at such negotiations since the last round fell apart 15 months ago. On Saturday, though, an unnamed diplomat told Reuters that the multilateral talks began with a completely different atmosphere than had occurred in previous meeting in early 2011.

Vibo Valentia, while a popular destination for travelers, is in dire need of infrastructure improvements.

British Prime Minister David Cameron and Myanmar's democratic leader Aung San Suu Kyi Friday said that sanctions on Myanmar should be suspended, not lifted, to continue the reform process.

UK Prime Minister David Cameron said that the European Union should suspend its sanctions as Myanmar's civilian government moves toward democratic reform.

With the election of Suu Kyi into Myanmar's parliament, some Rohingya are optimistically cautious.

India replaced China as the top purchaser of Iranian oil in the first quarter of 2012, and has been trading wheat and grains for fuel.

Adding to Mali’s insurmountable problems is the threat of civil war, prompted by an insurgency in the north by the minority Tuareg people.

Trade growth is expected to slow for a second year in 2012 amid severe downside risks that could push it even further below the 20-year average of 5.4 percent, the Geneva-based body forecast Thursday.

The Prime Minister is scheduled to visit Myanmar, also known as Burma, on Friday, making him the first Western head of state to set foot on its soil in more than half a century.

The U.S. trade deficit narrowed unexpectedly in February as exports hit a record high, imports from China and other key suppliers declined and oil import volume fell to the lowest in 15 years, a government report showed on Thursday.

Iran has stopped oil exports to Germany and declared a ban on imports from 100 European Union companies in retaliation to the EU embargo on Iranian crude imports which will come into force in July, the Press TV has reported.

The delay in resolving the crisis situation of Italian nationals being detained and held hostages on Indian soil may have something to do with India's ruling coalition United Progressive Alliance (UPA) Chairperson Sonia Gandhi's Italian roots.

The snap general election is expected to test Greek resolve for punishing austerity measures, and gives the parties just 24 days to prepare.

After ending exports to Spain and Greece, Iran continued with its counter-sanctions against the European Union on Wednesday by cutting oil exports to Germany.

Prime Minister Lucas Papademos is expected to meet with President Karolos Papoulias later Wednesday to dissolve parliament and set a date for watershed elections, which are set to test Greek resolve for punishing austerity measures.

Prices of goods imported into the U.S. rose more than forecast in March, driven by higher prices in fuel and non-fuel sectors, a government report showed Wednesday.

Iranian minister for Information and Communications Technology, Reza Taghipour, denied news reports about the government's plan to block the Internet and deny millions of people access to the World Wide Web. However, despite the denial, there is no proof that Tehran has shelved its plans to establish a national network to replace the free Internet