The Greek government on Wednesday predicted worse-than-expected recession in 2013 and downgraded a rare positive note in its budget, highlighting the toll of repeated rounds of austerity. The government more than halved
Euro zone finance ministers conferred on how to keep Greece afloat as negotiations between Athens and its foreign lenders neared conclusion over reforms the country must implement to receive fresh emergency loans.
Italian police have sequestered 21 money transfer bureaux as part of an investigation into a scheme to launder billions of euros from drugs and people trafficking. The tax police said on Tuesday
The best medical innovations for next year include an almond-size device that's implanted in the mouth to relieve severe headaches and a hand-held scanner resembling a blow dryer that detects skin cancer,
The European Union will lose Turkey if it doesn't grant it membership by 2023, Turkish Prime Minister Tayyip Erdogan said on Tuesday. It was the first time Erdogan has given an indication
Walt Disney Co agreed to buy filmmaker George Lucas's Lucasfilm Ltd and its "Star Wars" franchise for $4.05 billion in cash and stock, a b lockbuster deal that includes the surprise promise
Asian shares rose as risk appetite recovered after European equities and the euro firmed overnight, and investors looked to coming U.S. and Chinese data for fresh clues on direction. Key currencies stayed
An overwhelming majority of Greek Socialist lawmakers have agreed to vote in favour of contested austerity reforms, party officials told Reuters on Tuesday, sharply increasing the odds of securing parliamentary approval for
French and Italian energy giants Total and ENI, as well as the Korean Gas company and Gazprom-subsidiary Novatec have been awarded the licenses to explore for oil and gas in Blocks 2,
The U.S. stock market was closed for a second straight day on Tuesday as cash equity trading was canceled in the wake of Hurricane Sandy. Tuesday's shutdown was the first time weather
