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EU-China Summit to Discuss Debt Crisis, Airline Tax

The summit comes a day right after Moody's downgraded its ratings for Italy, Spain and Portugal, with a negative outlook for France, Britain and Austria.

Moody's cuts ratings on Italy, Portugal and Spain, Warns UK, France and Austria: Is it Time for a Reality Check?

Moody’s has cut the debt ratings of Italy, Spain and Portugal and put France, UK and Austria on warning, saying they were increasingly vulnerable to the eurozone crisis.

Moody's Downgrades Italy and Spain, Warns UK and France

Rating agency Moody's warned on Monday it may cut the triple-A ratings of France, the United Kingdom and Austria, while it downgraded the ratings of Italy, Portugal, Spain, Slovakia, Slovenia and Malta.

Greece: A gasoline bomb thrown by protesters explodes over riot-control officers

Protests Rage Across Europe, Middle East [PHOTOS]

Tens of thousands of protesters took to the streets in several nations this weekend demanding political justice, economic opportunity, and a change to the status quo. Demonstrators -- who powered the Arab Spring, the worldwide Occupy protests during the summer, and the anti-austerity marches of the European autumn -- are back on the streets in a winter of discontent.

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Greece Bailout Deal Finally Reached

Following days of exhausting political drama, high-level brinkmanship and stern rhetoric in both public and private statements, the red-eyed leaders of Europe's leading financial institutions reached a deal Thursday with Greece's governing coalition to impose further austerity measures on that country in exchange for a €130 billion bailout ($172.56 billion).

Berlin film festival aims for cutting edge in 2012

The Berlin film festival, which last year set Iranian drama A Separation on the path to global fame, has selected an edgier line-up than normal in 2012 with several up-and-coming directors in the main competition.

Istanbul Tops European Real Estate Trends Report, Followed by Munich and Warsaw

Istanbul was ranked as the European city with the best prospects for 2012 by PricewaterhouseCooper and the Urban Land Institute, with German cities also on top.

IMF Cottarelli Warns Some Countries Might be Cutting Debt Too Quickly

Some countries, including the U.S., could be trying to bring their budget deficit down too quickly, posing a risk for the economic recovery, the head of the International Monetary Fund's fiscal affairs department warned Wednesday.

Greece Stays in Play as U.S. Futures Edge Higher

U.S. stock index futures edged higher on Wednesday as leaders in Greece again attempted to reach a deal on reforms in exchange for a new bailout.

Angela Merkel and Chinese Premier Wen Jiabao

China-EU Summit: Dragon Eyes Major Debt Stakes

The ongoing Eurozone debt crisis and the efforts to find a way out and save the single currency could potentially shake up and redefine the global economic equilibrium.

Madonna 2012 World Tour Announced: Full Details and Tour Dates [VIDEO]

On the heels of Super Bowl 2012 halftime show, which was viewed by a record setting 114 million people, Madonna has announced plans and details of an upcoming 2012 world tour.

U.S. Economy: An Upbeat Start Seen in 2012, Says Expert

The domestic economic evidence in the U.S. has remained upbeat in early 2012, with a much better than expected employment report for January being the latest piece of good news according to the report by IHS Global Insight.

German Chancellor Merkel speaks during a ceremony marking the 10th anniversary of the physical introduction of the Euro as official currency of the Eurozone in Berlin

Greeks Delay Bailout Talks as Merkel Demands Action

German Chancellor Angela Merkel told Greece Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day.

HSBC Analyst: Expect Gold Rally to Continue Due to Market Uneasiness

The current gold rally is expected to continue due to a combination of monetary and fiscal influences, HSBC analyst James Steel reported to investors Sunday.

Greece Lets Another Bailout Deadline Slip as Merkel Presses

Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout, as German Chancellor Angela Merkel made clear Europe's patience is wearing thin over drawn-out negotiations among its feuding political leaders.

$3B WWII Wreck and Other Sunken Treasures Around the World

Treasure hunter Greg Brooks claimed he has located the wreck of a World War II British merchant ship that was carrying a load of platinum now worth $3 billion. The ship was torpedoed by a German U-boat off Cape Cod during World War II and should Brooks' location of the ship proves accurate, he will find one of the richest sunken treasures ever discovered.

Mateus Silva and his daughters at their Lisbon trailer, before being evicted

Desperate Portugal Family, Evicted From Trailer, Sets Home on Fire [PHOTOS]

As a protest for being evicted from their parking lot trailer home, Mateus and Leonor Silva returned last week to set the structure ablaze. Portugal, among several other European countries, are seeing social unrest after adopting severe austerity measures that have cut back on services for the needy, including the unemployed and homeless

European Debt Crisis: Portugal, Greece Dominate Storyline

Portugal and Greece dominated the headlines out of Europe Wednesday, as both nations appeared to be opening new chapters in the continuing Eurozone sovereign debt crisis. Paradoxically, positive developments in one country were actually seen as the reason negative news were emerging from the other.

Gold mining executives meeting in Toronto for an annual prospectors' convention have been buzzing about the relatively weak valuation their stocks have seen in recent times, scratching their heads regarding what they should be doing about it, the Financia

Italy's Biggest Scrap Gold Buyer Sees Bright '12

OroCash, Italy's biggest buyer of used gold jewelry, expects business to flourish this year with the opening of 150 new collection points in Italyand abroad as high gold prices and unfolding economic crisis prompt people to sell family assets.

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.

Gold Rallies as Euro Rebounds

Gold rallied for a second day on Wednesday as the euro rebounded following upbeat German economic data, building on gains in January that marked the metal's strongest starting month in 32 years.

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.