EUROPEAN UNION

The European Union is considering the closure of nuclear plants in the wake of the unfolding nuclear crisis in Japan caused by the twin tragedy of earthquake ad tsunami.

A top official from the Chinese education ministry at the Going Global Conference in Hong Kong announced that the country plans to turn itself into a hub for international education and take its international student population to 500,000.

Assistance in the form of food and equipment has started to arrive in earthquake-and tsunami-battered Japan from the U.S. Search and rescue teams are expected to reach Japan by tomorrow.

Communiqué of European Council on the crisis in Libya, March 11, 2011, Brussels

European Union (EU) leaders have demanded that Moammar Gaddafi must give up power in Libya.

According to various media reports, French President Nicholas Sarkozy will propose to European Union (EU) leaders that they coordinate targeted air strikes on Moammar Gaddafi’s command headquarters in Libya to prevent his forces from carrying out more destruction against rebel forces.

France said it has recognized the National Libyan Council (NLC), the leadership of rebels fighting against Moammar Gaddafi, as the legitimate government in the country, ahead of European Union (EU) talks on the conflict today and tomorrow.

Libyan officials have arrived in Brussels, Belgium for talks with European Union delegates, just before the EU foreign minister meet to discuss the crisis in Libya, according to Al Jazeera.

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Shares of Talecris Biotherapeutics Holdings Corp. (NASDAQ: TLCR) touched a new 52-week high of $25.80 on Tuesday. The biotechnology company's stock has been rising since Thursday when it received orphan drug designation from the European Commission for the development of Plasmin, derived from human plasma, to treat acute peripheral arterial occlusion.

U.S. stocks advanced on Tuesday as oil prices eased to below $105 a barrel and financials rallied after Bank of America announced plans to increase dividends in the second half of the year.

The market doesn't seem to care about the European debt crisis right now.

Recently, the US dollar has lost ground against most G10 currencies, including the euro, despite fears over the Middle East revolts.

About 1,000 illegal migrants fleeing unrest in North Africa have landed on the Italian island of Lampedusa overnight in a dozen or so boats, intensifying fears that a massive influx of people from Tunisia, Libya and other places will soon reach Europe’s shores.

Fears of a civil war and a looming humanitarian crisis grew in Libya as forces loyal to Muammar Gaddafi escalated attacks on rebel-held cities in a bid to recapture control, causing dozens of deaths and mass exodus of people.

The head of the European Union's safety net for countries struggling with public finances said on Saturday he did not think any more members would have to tap the euro zone rescue fund, for now.

Gold fell nearly 1.5 percent on Thursday, snapping a four-day winning streak as indications the European Central Bank may raise interest rates to battle inflation dented bullion's investment appeal.

The European Central Bank said on Thursday it could soon raise interest rates, heightening concerns about the implications for struggling euro zone countries as EU leaders strive to find a solution.

The European Central Bank (ECB) held the benchmark rate at a record low of 1 percent for the 23rd consecutive month.

Gross domestic product (GDP) of the eurozone grew 0.3 percent in the last quarter of 2010, mainly boosted by exports from the region, according to the second estimates released by Eurostat on Thursday.

Prices for Dollar investors to Buy Gold crept higher to reach a new all-time record Wednesday lunchtime in London, as crude oil rose further above $100 per barrel and world stock markets fell for the eighth time in nine sessions.