Germany's Constitutional Court ruled Tuesday that a parliamentary panel formed to approve urgent action by the euro zone bailout fund is in large part unconstitutional. The decision could hamper efforts to tackle the European debt crisis.
Chelsea manager Andre Villas-Boas has for the first time spoke of his fear that Chelsea owner Roman Abramovich will sack him after the club's poor run of form.
The politics of China's need for a smooth leadership succession this year provide the best protection against a hard economic landing, regardless of stuttering exports, faltering capital flows, local government debts and lingering inflation risks.
Chelsea boss Andre Villas-Boas has admitted that he would be interested in bringing Porto star Hulk to the club.
Firms and consumers continued to pull their money out of Greek banks at a rapid rate in January, European Central Bank data showed on Monday, underscoring the ongoing lack of trust the country's banking system faces.
State Grid Corp of China has had talks with U.S. power firm AES Corp
about taking a controlling stake in its U.S. wind power business, three sources said, as China's cash-flush state-owned power companies go on an overseas buying spree.Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world's leading economies to secure nearly $2 trillion in firepower to prevent more fallout from the euro-zone's sovereign-debt crisis.
Germany may not be ready to back an increase in the euro zone's bailout fund at a summit next week, delaying progress towards building up nearly $2 trillion in firepower to tackle fallout from Europe's sovereign debt crisis.
A solid U.S. candidate to head the World Bank would be good for the United States and the bank because the world's largest economy should be represented in top international bodies, outgoing President Robert Zoellick said on Saturday, while emphasizing he has no role in the selection process.
A solid U.S. candidate to head the World Bank would be good for the United States and the bank because the world's largest economy should be represented in top international bodies, outgoing President Robert Zoellick said on Saturday, while emphasizing he has no role in the selection process.
The recent financial crisis and sluggish recovery around the globe have rightly helped spur governments to take on structural reforms such as in the labor, retirement and tax sectors to the benefit of many nations, the OECD said on Friday.
Portugal is pinning hopes of repairing its fragile economy on an export revival, Prime Minister Pedro Passos Coelho said on Friday, as the country's recession deepens and it battles to hit tough austerity targets.
With citizens of debt-burdened European countries growing more disillusioned over spending cuts and other austerity measures, it may not be long before hard-line parties opposed to such policies begin to siphon support.
The euro zone economy is on the mend after a very weak end to 2011 and there have been more positive signs over the last two weeks, European Central Bank President Mario Draghi was quoted on Thursday as saying.
Researchers discovered the worlds deepest land animal, a kind of insect, 6,500 feet below the ground.
Euro zone private sector business activity shrunk in February, an unexpected turn that has renewed old fears and prompted new concerns of a recession in the region's economy while it lags through a debt crisis.
The climbing oil prices could undermine the U.S. economic recovery and it is an extremely disturbing report for President Barack Obama as it could hurt his re-election chances.
Thousands of young Portuguese have migrated to Mozambique in recent years – reportedly as many as 120,000 in 2011 alone.
Tuesday's long-awaited second rescue package for Greece steadied the euro and removed the immediate threat of a disorderly bond default, but markets remained cautious in early morning trading, fearful of what lies ahead for the stricken country.
Oil traded near the highest price in nine months following expectation of increasing demand as euro zone finance ministers agreed on a rescue package for Greece.
For some observers, Greece can seem like a small problem in a distant land, incapable of affecting U.S. investors. But in the financial crisis era, that is most certainly not the case.
Eurozone finance ministers meet Monday to resolve all the issues surrounding the 130 billion euros ($170 billion) bailout package for Greece. The question remains what will happen to Greece without this rescue package.
