Greek banks do not need to be nationalised but should receive direct support from the currency bloc's bailout fund, the head of a new EU task force set up to help rebuild
Greece's finance minister has told lawmakers he sees three scenarios to resolve the debt crisis, including one involving an orderly default with a 50% haircut for bondholders, two Greek newspapers reported on
An international team of scientists said on Thursday they had recorded sub-atomic particles traveling faster than light — a finding that could overturn one of Einstein's long-accepted fundamental laws of the universe.
Oil, the lifeblood of the battered Libyan economy, is starting to trickle onto the world market as the country recovers from seven months of fighting, but it could take as long as
U.S. Treasury Secretary Timothy Geithner said on Thursday that the European debt crisis and the political divisions in the United States were the biggest threats to the global economy. Earlier this year,
Greek workers staged a 24-hour strike on Thursday forcing the transport system to a standstill in protest against the government's intensified austerity drive to secure aid to save the debt-laden country from
Cyprus Civil Aviation officials are investigating how a Thomson Airways Boeing 737-800 from England failed to land on the runway at Paphos airport and landed instead on the parallel taxiway. Flight BY-3351
Seven world leaders demanded Europe take more decisive action against its debt crisis and a European Central Bank study warned on Thursday that the entire euro currency project was now in peril.
A French court on Thursday fined a Muslim woman 120 euros ($164) for wearing a full-face veil in public, prompting the single mother of three to vow an appeal to the European
Bank bosses must lose their jobs if a trader in their pay is found guilty of hiding risky bets that compromise their employer's ability to post dividends or repay bonds, a Reuters
