GERMANY

Eurozone Struggles to Stem Crisis; Obama Urges Action

Riot police stand in front of the parliament during a rally in Athens
Euro-zone officials are working to magnify the firepower of the region's rescue fund, European Central Bank policymakers said on Monday, while President Barack Obama piled on pressure for Europe to staunch a sovereign debt crisis that threatens the world economy.

ECB's Weidmann argues against preemptive action

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Preemptively acting would reduce the pressure needed to get euro zone politicians to tackle the region's debt crisis, European Central Bank Governing Council member Jens Weidmann said on Monday.
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Greece Races for Parliament Backing after IMF Talks

The Greek government began a race for parliamentary approval of a stepped-up austerity package vital to keep the debt-laden euro zone state afloat and buy time for Europe to approve new rescue measures.
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Sergio Ermotti

Investors Assess New UBS CEO, Hope For Fast Revamp

UBS investors welcomed the Swiss bank's choice of caretaker chief executive, Sergio Ermotti, on Monday after Oswald Gruebel resigned in the wake of a $2.3 billion rogue trading scandal and cleared the way for a major overhaul of the investment bank.
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Copper Slumps to 14-Month Low

Copper slumped to a 14-month low on Monday, adding to sharp falls from the last three weeks, as fears of a Greek debt default and the threat of a global recession sparked heightened concerns about demand for industrial metals.
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World Stocks Rebound from Lows on ECB Easing Hopes

World stocks came off their lows and the euro inched up from an earlier 10-year trough against the yen on Monday as speculation that the European Central Bank might cut interest rates to help the economy countered concern over the euro zone debt crisis.
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World stocks off lows on ECB easing hopes

World stocks came off their lows and the euro inched up from an earlier 10-year trough against the yen on Monday as speculation that the European Central Bank might cut interest rates to help the economy countered concern over the euro zone debt crisis.
Traders work at their desks in front of the DAX index board at Frankfurt's stock exchange

World Stocks Slide Again on Europe Debt Fears

European stock index futures fell on Monday, following a slump in Asian shares, and the euro slid amid skepticism that Europe's latest efforts to contain its sovereign debt crisis can prevent it from wreaking more damage on the world economy.
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World stocks slide on fears Europe crisis

European stock index futures fell on Monday, following a slump in Asian shares, and the euro slid amid skepticism that Europe's latest efforts to contain its sovereign debt crisis can prevent it from wreaking more damage on the world economy.
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Samsung's legal woes threaten to crimp tablets, chips

An intensifying legal battle between Samsung Electronics Co and Apple Inc is expected to crimp growth at one of the fastest growing businesses of the Korean company, while threatening to worsen business ties with the firm's largest customer.
A man shops at a Samsung Electronics shop in Seoul

Samsung's Legal Woes Threaten to Crimp Tablets, Chips

An intensifying legal battle between Samsung Electronics Co and Apple Inc is expected to crimp growth at one of the fastest growing businesses of the Korean company, while threatening to worsen business ties with the firm's largest customer.
A teller counts euro banknotes inside a National Bank of Greece branch in Athens

Banks Prepare for Greek default, want EU help

Bankers are bracing for a Greek default, and their best hope is that Europe can erect firewalls around the banking system strong enough and soon enough to prevent it from spreading to other euro-zone countries.
Jane Godall listens to a journalist's question during a news conference in Vienna

Jane Goodall Stages Unique Live, Film Premiere

World renowned primatologist Jane Goodall began her groundbreaking research into chimpanzees over 50 years ago in Tanzania's Gombe National Park, leaving an indelible imprint on the way humans view animals.
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IMF urges ECB to play bigger crisis-fighting role

European policymakers, stung by criticism for failing to stem the euro zone debt crisis, face the tough task of quickly stopping fallout from Greece's near-bankruptcy from spreading into the world economy.
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Financial leaders meeting in Washington

The following are highlights of comments by finance ministers and central bankers in Washington this week for meetings of the Group of 20, the semiannual meetings of the International Monetary Fund and World Bank, and the annual meeting of the Institute of International Finance.
Oktoberfest Beer Fest

Oktoberfest 2011: 5 Things to Know

Oktoberfest 2011 is currently underway in Munich, Germany. The festival from Sept. 17 to Oct. 3. Here are the five most important things to know about the festival.
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UniCredit CEO urges swift economic reforms

Italy could face losing its economic competitiveness unless political leaders move quickly to carry out economic reforms to cut its debt and restart growth, the head of UniCredit , Italy's biggest bank, said on Saturday.
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BAE may cut 3,000 jobs as Typhoon orders slow: media

British defense giant BAE Systems is set to announce up to 3,000 job losses as it struggles to secure orders for the Eurofighter Typhoon in the wake of cuts to defense budgets by partner nations, British media reported on Sunday.
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Merkel party MP wants permanent euro mechanism sooner

A senior lawmaker from German Chancellor Angela Merkel's conservatives said on Saturday the euro zone's permanent rescue mechanism should be introduced sooner than mid-2013 to beef up private creditors' response to the Greek debt crisis.

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