Italian Prime Minister Silvio Berlusconi has vowed that all the illegal immigrants who have arrived on the island of Lampedusa from North Africa will soon be deported.
France, which has been the most aggressive foreign nation to move against Libya, said it was prepared to discuss providing weapons to the Libyan opposition – even if the UN mandate on Libya did not specifically provide for this feature.
Standard & Poor's downgraded Greece and Portugal on Tuesday, citing risks that the countries' debts to a new European bailout fund would be repaid before bond investors, sending their borrowing costs sharply higher.
The European Commission has adopted a roadmap of 40 concrete initiatives for the next decade to build a competitive transport sector that increases mobility and cuts emissions. Under EU's ambitious plan, the Commission wants cities cities across Europe to be free of conventionally fuelled cars by 2050.
The Fiat group has topped a chart showing car brands that have emerged closest to European Union's fuel-efficiency goals while Toyota is the closest group to meeting its target. Following are the top ten most economical car manufacturers in Europe.
It would make sense for Portugal to seek aid from the European Union bailout fund, although such a decision will be caught up in domestic politics, European Central Bank Governing Board member Ewald Nowotny said.
The European Central Bank is watching energy prices carefully and still wants to move toward a more normal monetary policy despite recent events in Japan, ECB Governing Board member Ewald Nowotny said on Sunday.
The European Central Bank is putting the finishing touches on a new facility that will give troubled euro zone banks liquidity over a longer time frame, throwing a lifeline to Ireland's ailing banks.
For the fourth year running, Fiat Automobiles has recorded the lowest level of CO2 emissions by vehicles sold in Europe in 2010, with an average measurement of 123.1 g/km.
Gold hit its second new record high on the trot at the London Gold Fix on Thursday morning, hitting $1441.25 per ounce for US investors as the Dollar held flat on the forex market, and US crude oil rose.
Thousands of protesters have descended upon Brussels, Belgium to express their displeasure over the European Union’s (EU) austerity budget programs as EU leaders meet in the city to discuss how to stabilize the euro zone finances.
Principals of The European Union (EU) who are meeting in Brussels to find ways to contain the euro zone debt crisis are dealing with the aftermath of the Portuguese parliament’s decision to reject an austerity budget.
European Central Bank policymakers underscored the case for an April rate hike on Thursday as Portugal's political crisis raised the prospect of another spell of reluctant ECB bond market intervention.
U.S. stocks advanced in early trade on Thursday after official data showed that applications for jobless benefits fell more than expected last week, recording a drop for a second consecutive week.
Global stocks rose for a sixth day on Thursday and are now higher than when Japan's earthquake and tsunami struck, buoyed by confidence that the world economic recovery remains on track.
The resignation of Portugal's prime minister will dominate a summit of EU leaders on the European economy on Thursday and Friday, with pressure intense on Lisbon to seek a bailout package.
U.S. stocks were expected to open little changed on Thursday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 trading flat to 0.1 percent higher.
A chorus of voices from government officials around the world have condemned (or at least questioned) the decision by a handful of western countries (in tandem with some Arab allies) to launch air strikes on military targets in Libya.
Wall Street was little changed on Tuesday as fighting in Libya and chances of a interest hike in Europe kept investors from making new bets on stocks.
U.S. stock index futures were little changed on Tuesday as fighting in Libya, resolving Japan's crisis and the chances for a European interest rate hike next month kept investors jittery.
The crisis in Libya has led to the revelation of a rare public disagreement between the two most powerful political leaders in Russia, according to the RIA Novosti news agency.
The following is a White House transcript of remarks by President Barack Obama on Friday on the situation in Libya delivered from the East Room on March 18, 2011.
