EUROPEAN UNION

Iranian Oil Minister Rostam Qasemi talks to journalists during a news conference in Tehran on Saturday, Feb. 4, 2012

Ban on Crude-Oil Sales Will Not Stall Nuclear Program: Iran

Iran's oil minister said the Islamic state would not retreat from its nuclear program even if its crude-oil exports grind to a halt, the official IRNA news agency reported on Saturday. But Rostam Qasemi also called on the European Union to review its recent decision to ban Iranian oil imports as of July 1.

Greece struggles on for deal on unpopular reforms

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Greece's government on Saturday struggled on in talks with lenders to secure a 130 billion euro ($171 bilion) bailout before turning to the trickier task of persuading political leaders to back the unpopular reforms involved in the rescue.
An Iranian man walks past a currency exchange shop in northern Tehran January 3, 2012.

Banking's SWIFT Working with EU, U.S. on Iran-Related Measures

The organization that provides the world's banks with a system for moving money said on Friday it is working with officials in the European Union and the United States to address concerns about the services it provides to blacklisted Iranian banks.
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Anonymous Hackers FBI Scotland Yard Intercept Conference Call Sensitive Transcripts

Anonymous Hackers: Sensitive FBI, Scotland Yard Conference Call Intercepted by Hacking Collective [TRANSCRIPT]

Anonymous published a 15 minute transcript from the call, which was between officers from both countries discussing how to prosecute the hacking collective and its members. In a Twitter posting the group gloated, The FBI might be curious how we're able to continuously read their internal comms for some time now, after it emerged members of Anonymous had managed to intercept an email between the FBI and British authorities listing a time and password for the sensitive conference call.
Syria's President Bashar al-Assad

U.S. and Allies Exploring Prospects for Assad Exile

The United States, European governments and Arab states have begun discussing the possibility of exile for Bashar al-Assad despite skepticism that the defiant Syrian president is ready to consider such an offer, Western officials say.
Experts work at their screens in the NYSE Euronext cash markets operations room in Paris

Dow, S&P 500 Rise on Strong Consumer Confidence

The Dow and S&P 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe's fiscal mess bolstered sentiment.
A labourer builds components of wind turbines at a wind power equipment factory in Zouping

World Factory Output Curbed by Troubled Europe

Crumbling global demand restrained factory output in Asia and most of Europe in January, business surveys showed on Wednesday, putting pressure on policymakers to shore up growth and counter a spreading malaise.
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Greek PM Seeks Reform Backing, IMF Warns on Fiscal Pain

Greece's prime minister is seeking backing from the country's political leaders for more austerity measures, with the International Monetary Fund warning that long-term commitment to reforms is key to securing a new bailout.
People walk near a closed down shop in downtown Lisbon

Portugal Heads for Short-Term Borrowing Test

Portugal seeks to sell 1.5 billion euros ($1.9 billion) in treasury bills on Wednesday, in a test of its ability to raise short-term funds after a recent surge in its long-term bond rates have raised fears it may be forced to follow Greece and seek a new bailout.
Samsung Electronics' Galaxy Tab 10.1

Apple Beats Back Samsung Once More: Galaxy Tab 10.1 and 8.9 Banned in Germany

Apple beat Samsung twice Jan. 31, and a German court found the Galaxy Tab 10.1 and 8.9 mimicked the iPad 2 just a little too much, banning them from store shelves completely. Samsung is not worried about the ruling because they already designed the Galaxy Tab 10.1 N, a device that complies with the copyright infringement ruling and is sold throughout Germany, an Associated Press report said.
Germany's Chancellor Merkel meets with France's President Sarkozy and Italy's Prime Minister Monti shortly before an informal meeting of the European Council ahead of the European Union leaders summit in Brussels

EU States Back Germany's Fiscal Discipline Pact

Chancellor Angela Merkel cemented her political ascendancy in Europe Monday when 25 out of 27 EU states agreed to a German-inspired pact for stricter budget discipline, even as they struggled to rekindle growth from the ashes of austerity.
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Bond Markets Pushing Portugal Back Toward the Brink

Portugal's slide towards becoming the next Greece - needing a second bailout to avoid bankruptcy - accelerated on Monday as untrusting underwriters hiked the cost of insuring Lisbon's bonds to new highs and insisted it be paid up front.
A visitor walks on the Luanling section of the Great Wall, in Huairou District

China Loses Appeal at WTO of Export Restrictions

China lost an appeal at the World Trade Organization on Monday in a case about its export restrictions on raw materials, a ruling that could make it harder for major commodity exporters to withhold supplies on the global market.

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