Investors are increasingly making a flight to quality as they pull out of credit-default swaps hedges on Europe's primary index as well as the markets for periphery nations like Spain, a trend which indicates higher expectations that periphery nations are unable to repay their debts and a lack of confidence in the political will of the economic union.
Japan Tobacco Inc. (Tokyo: JT) is buying all outstanding shares in Belgian tobacco company Gryson NV from its parent GT&Co BVBA for ?475 million ($596.3 million), the company announced Thursday.
For centuries, the Roma people have been marginalized and misunderstood by their European neighbors. A new report by the European Agency for Fundamental Rights (FRA) sheds light on this age-old human rights issue.
On Wednesday, a military junta that seized power in Guinea-Bissau last month formally agreed to step down. A new transitional government is set to lead the nation for 12 months in the run-up to a new round of national elections.
All the latest news involving Manchester United's activities in the summer transfer market.
On Thursday, 70 troops arrived in Guinea-Bissau as part of a peacekeeping initiative by the Economic Community of West African States (ECOWAS). The troops are meant to stabilize the country as it prepares for national elections in 12 months, following a military coup that deposed the civilian government.
All the latest news involving Manchester United's summer transfer targets.
French Finance Minister Pierre Moscovici said any agreement would need to include an ambitious strategy for growth.
The Spanish government sold ?2.4 billion of debt on Thursday morning, with bonds due in 2015 carrying an average yield of 4.375 percent - a huge rise from an average yield of 2.89 percent in April.
The financial markets appear to have already priced in Greece?s departure from the euro bloc.
The growing possibilities of an imminent Greek exit from the single currency bloc could drive up the value of safe-haven currencies such as the U.S. dollar and the British pound, while hurting a number of emerging Asian currencies that are sensitive to investors' risk appetite.
International opinions about which nations serve as a positive influence on global affairs are changing. Around the world, more people are looking to Asia, with Japan topping the list, while increasing numbers are disappointed with Europe. However, Asians themselves remained wary of their neighbors.
With the Premier League season coming to a close, a look at some of the players who could be arriving at Chelsea this summer.
The main event this week is April?s retail sales report, which could see some payback after the unseasonably warm weather boosted March?s results. In Europe, investors will get a look at how the region?s economies fared in the first quarter.
Chancellor Angela Merkel's conservatives suffered a crushing defeat Sunday in Germany's most populous state, which could embolden the left opposition to step up its criticism of her European austerity policies.
Garret McNamara is officially the only surfer to have ever ridden a 90-foot wave. The 44-year-old professional surfer from Hawaii was awarded the Global Big Wave Award prize at the Billabong XXL Awards on May 4, after officials reviewed the wave, which measured 23.7 meters high.
Fashion's Night Out is once gain stepping out on the international stage. The Vogue-hosted shopping event is set to expand to all 19 territories that publish Vogue magazine for 2012.
Get all the latest news on the players being linked with a summer move to Chelsea. And one star who may be on his way out.
Spain stepped up efforts to save its troubled banks on Thursday with a plan to make them recognize huge losses from a property crash, but uncertainty over the final cost of a rescue hit the euro, Spanish debt and global stock markets.
An image of missing British girl Madeleine McCann was used to sell online vouchers for discounted vacations in Portugal, the country where she went missing more than five years ago.
Garrett McNamara broke records and took home awards at Fridays Billabong XXL Awards. Taking home the Biggest Wave Award for his wave at North Canyon in Portugal, Garrett also set a new world record for surfing.
French voters turned out in force Sunday in the second round of presidential elections that are likely to make Nicolas Sarkozy the 11th European leader to be swept from office by the economic crisis.
