LONDON

The European Union's ?100 billion ($126 billion) bailout of Spanish banks may have, at least temporarily, saved those institutions. But the rescue is being judged a failure by the markets, as it appears to have seriously damaged the government's ability to borrow from international creditors, something a country running on deficit financing for the foreseeable future is vitally dependent on.

Woe betide he who equates adorable children with luggage.

Though rents went down, grocery bills shrank and companies trimmed their workforce after the devastating 2011 earthquake and tsunami, Tokyo edged past Angolan capital Luanda to become the world?s most expensive city for expatriates in Mercer?s 2012 survey.

The auction is expected to raise more than three million pounds.

Leaders of the world's 12-member crude oil cartel gather this week in Vienna to discuss and perhaps set a production ceiling for the group in what is expected to rubber stamp the current state of affairs. It is also expected to feature a fierce tug-of-war between Saudi Arabia, the cartel's dominant producer, and Iran.

The mini-war killed more than 900 people on both sides and wounded another 1,800.

Futures on the major U.S. indices point to a higher opening Tuesday ahead of the May Treasury budget statement and Import Price Index.

European markets maintained a cautious tone Tuesday as stocks fell in the U.S. and Asia following the fading of optimism relating to the aid to the Spanish banks and revival of the debt crisis looming over the euro zone.

Argentina wants to negotiate a handover of the islands to Buenos Aires, while London adamantly refused to do any such thing.

Global markets disapproved of the Spanish bailout on Monday. People monitoring Spanish Twitter feeds had an early warning.

China's May data dump over the weekend and on Monday painted a mixed picture of the economic health of the world's second-largest economy.

One contestant goes where he probably shouldn't (Maynard's daughter), while another gushes about one of the best days of his life.

All the latest transfer news as Arsenal continue to look to strengthen their squad for a major tilt at silverware next season.

This year's Worldwide Developer Conference is all set to kick off 10 a.m. PT on Monday at Moscone West center in San Francisco. Here's is a list of websites where you can get the complete coverage of the Apple event. These sites will be live blogging the WWDC 2012 event.

Futures on major U.S. indices point to a higher opening Monday following the agreement by the eurozone finance ministers to lend Spain 100 billion euros ($125 billion).

Verizon and AT&T have opted out of the 50GB Dropbox cloud storage promotion for their versions of the latest Samsung Galaxy S3 smartphone.

With the debut of Prometheus, Ridely Scott's blockbuster Alien prequel, Michael Fassbender is making headlines yet again. The actor, whose legions of fans refer to themselves as Fassinators, Is earning critical raves for his performance in the sci-fi action flick.

Lower U.S. demand for crude oil and petroleum products in April helped shrink the nation's balance-of-trade deficit from the previous month, the Commerce Department said Friday, but the trade deficit with China worsened.

A new documentary about Chilean dictator Augusto Pinochet has sparked controversy among Chileans who have haunting memories of the military regime years when many people, targeted as political dissidents, were imprisoned, tortured, executed or disappeared.

Lower U.S. demand for crude oil and petroleum products in April helped shrink the nation's balance-of-trade deficit from the previous month, the Commerce Department said Friday, but the trade deficit with China worsened.

Sarah Outen, a British adventurer on a round-the-world bicycle, kayak and rowing race, has been rescued after being stranded in the Pacific Ocean. Outen was rescued by the Japanese Coast Guard in rough seas on the afternoon of Friday, June 8.